DecisionPoint Systems, Inc. - DPSI STOCK NEWS

DecisionPoint Systems, Inc. (NYSE American: DPSI) announced the successful re-branding of ExtenData Solutions into DecisionPoint Systems. The acquisition strengthens their capabilities in manufacturing, transportation, logistics, and hospitality sectors. The MobileConductor platform enhances their SaaS offerings, enabling improved delivery management and streamlined invoicing processes. This integration aims to increase service value and operational efficiency for customers across the Rocky Mountain and Southwest regions.

DecisionPoint Systems, Inc. (NYSE American: DPSI) announced that CEO Steve Smith will present at the Windy City Roundup 2022 on October 12, 2022, at 11:00 a.m. ET. This presentation highlights the company's focus on mobility-first enterprise services and solutions, particularly in healthcare, supply chain, and retail sectors. Interested parties can access the webcast here. Additionally, one-on-one meetings will be held on October 12 and 13, which can be arranged via the conference portal or by contacting Brian Siegel.

DecisionPoint Systems (NYSE American: DPSI) reported a record second-quarter revenue of $27.5 million, up 81.3% from the previous year, driven by robust demand across its verticals. GAAP net income rose to $0.7 million, marking a 324.1% increase. Additionally, non-GAAP net income skyrocketed 227.4% to $0.8 million. The company raised its full-year revenue guidance to $87-90 million, a 33-36% growth forecast. Cash reserves improved to $8.5 million, with a notable increase in operating cash flow to $12.9 million.

DecisionPoint Systems, Inc. (NYSE American: DPSI) has announced that CEO Steve Smith will be presenting at the Sidoti August Virtual Microcap Conference. The presentation is scheduled for 1:00 p.m. ET on August 17, 2022.

1:1 meetings will be held on August 17 and 18, 2022. Interested participants can register via the webcast link or contact Brian Siegel from Hayden IR for one-on-one sessions.

DecisionPoint Systems, Inc. (DPSI) reported a record revenue of $19.7 million for Q1 2022, marking a 22.7% year-over-year increase. Non-GAAP net income surged 116.3% to $0.5 million, with non-GAAP diluted EPS rising 200.0% to $0.06. Despite this, GAAP net income declined 35.9% to $0.9 million. The company completed two strategic acquisitions expected to produce cost synergies and is optimistic about capturing cross-selling opportunities. Full-year revenue guidance is set at $79 to $82 million, reflecting a growth of 22 to 26% compared to 2021.

DecisionPoint Systems, Inc. (NYSE American: DPSI) will announce its financial results for Q1 fiscal 2022 on May 16, 2022. The earnings release will be filed on Form 8-K and made available on the investor relations website at 7:30 a.m. Eastern. Management will host a conference call at 10:00 a.m. Eastern to discuss results and strategy, followed by a Q&A session. DecisionPoint is a provider of enterprise mobility solutions, enhancing productivity through accessible software for front-line workers.

On February 1, 2022, DecisionPoint Systems announced the acquisition of Advanced Mobile Group, based in Doylestown, Pennsylvania. This strategic purchase aims to enhance DecisionPoint's mobility-first enterprise solutions and expand its presence in the mid-Atlantic region. Advanced Mobile Group is recognized for its expertise in mobile computing solutions, serving approximately 600 customers across sectors like warehousing, manufacturing, retailing, and healthcare. The acquisition aligns with DecisionPoint's growth strategy and commitment to technical excellence and customer success.

DecisionPoint Systems, Inc. (OTCQB: DPSI) reported a 64% increase in sales for Q3 2021, totaling $18.2 million, driven primarily by hardware sales to large enterprise customers in healthcare and retail. The acquisition of ExtenData contributed $3.0 million to this growth. Gross margins improved by 390 basis points, and net income rose to $0.6 million from $0.2 million YoY. Although SG&A costs increased due to the acquisition, EBITDA more than doubled to $1.2 million. Cash and accounts receivable stood at $14.5 million as of September 30, 2021.

DecisionPoint Systems, Inc. (OTCQB: DPSI) has appointed William Cooke to its Board of Directors as of November 4, 2021. His extensive experience in mergers, acquisitions, and public company governance is expected to support DecisionPoint's growth as it becomes a more prominent player in its sector. Mr. Cooke has a robust background in finance, including positions at Taglich Brothers and Glenwood Capital, and holds a CFA designation. This appointment is seen as a strategic move to enhance the company's leadership as it aims to improve its service delivery across various sectors including healthcare and retail.