Discount Print USA Reports Second Quarter FY 2022 Results

Rhea-AI Summary

Discount Print USA (OTC: DPUI) reported its financial results for Q2 ended December 31, 2021, showing a significant increase in net sales and gross margins. Net sales reached $68,000, up from $9,000 in Q2 2020, while gross margins rose to $29,000 from $4,000. For the six months ending December 31, 2021, net sales were $143,000, compared to $17,000 in the same period the prior year, with gross margins increasing to $73,000 from $11,000. The company attributed this growth to enhanced sales and marketing efforts amidst ongoing supply chain disruptions.

Positive

• Significant increase in net sales to $68,000 for Q2 2021 from $9,000 in Q2 2020.
• Gross margins improved to $29,000 in Q2 2021, up from $4,000 in Q2 2020.
• Six-month net sales reached $143,000, a substantial rise from $17,000 in the previous year.

Negative

• None.

LAS VEGAS, June 02, 2022 (GLOBE NEWSWIRE) -- Discount Print USA, Inc.. (OTC: DPUI) today announced its financial results for the second quarter ended December 31, 2021.

Key Financial Highlights:

Operating Results for the Three Months Ended December 31, 2021

• Net sales for three months ended December 31, 2021 were $68 thousand, as compared to $9 thousand in the same period of 2020.
• Gross margins for the three months ended December 31, 2021 were $29 thousand, as compared to $4 thousand in the same period in 2020.

Operating Results for the Six Months Ended December 31, 2021

• Net sales for six months ended December 31, 2021 were $143 thousand, as compared to $17 thousand in the same period of 2020.
• Gross margins for the six months ended December 31, 2021 were $73 thousand, as compared to $11 thousand in the same period in 2020.

Ronald Miller, President of Discount Print USA, stated, “This was a good quarter for the Company and a strong start to the first half of the fiscal year. As the Covid pandemic continues to cause disruptions within supply chains, we have been able to increase sales all of which can be attributed to our sales and marketing initiatives. Some of our customers that had suspended or significantly cut back on operations in response to the pandemic, have resumed operations and we have been working with them to provide products. We continue to work with our suppliers and manufacturers to ensure that we are in a position to satisfy our customer needs as they gradually return their operations to pre-pandemic levels.”

About Discount Print USA

Discount Print USA, Inc. is a commercial printing management tech company that offers low priced printing services to a wide variety of businesses as well as individuals. The Company offers online, demand, digital, and offset printing services through a website geared towards major cities through a series of virtual offices. Discount Print USA, Inc. is a marketing company that provides printing services then outsources order completion and delivery direct to the customer. Additionally, being headquartered in Las Vegas, Nevada, Discount Print USA, Inc. has developed a division which specializes in convention participants with printing services.

For additional information visit www.discountprintusa.com

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,”  “focus,” “work to,” “attempt,” “pursue,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.

Investor Relations Contact
Andrew Barwicki
516-662-9461
andrew@barwicki.com 

FAQ

What were the financial results of Discount Print USA for Q2 2021?

For Q2 ended December 31, 2021, Discount Print USA reported net sales of $68,000, up from $9,000 in Q2 2020, and gross margins of $29,000, compared to $4,000 the prior year.

How did Discount Print USA perform in the first half of fiscal 2021?

In the first half of fiscal 2021, Discount Print USA achieved net sales of $143,000, an increase from $17,000 in the same period in 2020, while gross margins rose to $73,000 from $11,000.

What factors contributed to Discount Print USA's sales growth?

The sales growth was attributed to effective sales and marketing initiatives as customers resumed operations after pandemic disruptions.