Direct Communication Solutions Key Executives
This section highlights Direct Communication Solutions's key executives, including their titles and compensation details.
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Direct Communication Solutions Earnings
This section highlights Direct Communication Solutions's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Financial Statements
Access annual & quarterly financial statements for Direct Communication Solutions, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $13.03M | $22.59M | $16.53M | $14.26M | $16.06M |
| Cost of Revenue | $8.60M | $16.22M | $11.92M | $10.18M | $12.02M |
| Gross Profit | $4.43M | $6.37M | $4.60M | $4.08M | $4.05M |
| Gross Profit Ratio | 34.00% | 28.19% | 27.86% | 28.60% | 25.20% |
| Research and Development Expenses | $525.15K | $553.47K | $1.16M | $1.08M | $782.69K |
| General and Administrative Expenses | $4.22M | $6.60M | $5.68M | $4.53M | $3.85M |
| Selling and Marketing Expenses | $246.73K | $413.82K | $71.39K | $- | $- |
| Selling General and Administrative Expenses | $8.04M | $7.01M | $5.68M | $4.53M | $3.85M |
| Other Expenses | $609.04K | $- | $- | $- | $99.22K |
| Operating Expenses | $9.17M | $7.71M | $6.82M | $5.61M | $4.63M |
| Cost and Expenses | $17.77M | $23.93M | $18.74M | $15.79M | $16.65M |
| Interest Income | $493.08K | $- | $- | $21.82K | $14.23K |
| Interest Expense | $- | $285.31K | $107.77K | $116.73K | $361.94K |
| Depreciation and Amortization | $31.09K | $414.86K | $244.12K | $213.90K | $169.23K |
| EBITDA | $-4.52M | $-1.52M | $-2.28M | $-1.63M | $-563.34K |
| EBITDA Ratio | -34.66% | -6.72% | -13.80% | -11.42% | -3.51% |
| Operating Income | $-4.74M | $-2.34M | $-2.55M | $-1.83M | $-833.40K |
| Operating Income Ratio | -36.41% | -10.36% | -15.40% | -12.84% | -5.19% |
| Total Other Income Expenses Net | $-344.07K | $105.98K | $550.28K | $-116.73K | $-262.72K |
| Income Before Tax | $-5.09M | $-2.23M | $-1.77M | $-1.95M | $-1.10M |
| Income Before Tax Ratio | -39.06% | -9.89% | -10.72% | -13.66% | -6.82% |
| Income Tax Expense | $5 | $285.31K | $107.77K | $-3.12K | $461.16K |
| Net Income | $-5.09M | $-2.23M | $-1.77M | $-1.95M | $-1.10M |
| Net Income Ratio | -39.06% | -9.89% | -10.72% | -13.66% | -6.82% |
| EPS | $-2.21 | $-0.97 | $-0.80 | $-1.01 | $-0.75 |
| EPS Diluted | $-2.21 | $-0.97 | $-0.80 | $-1.01 | $-0.75 |
| Weighted Average Shares Outstanding | 2.30M | 2.30M | 2.22M | 1.93M | 1.45M |
| Weighted Average Shares Outstanding Diluted | 2.31M | 2.30M | 2.22M | 1.93M | 1.45M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.55M | $1.45M | $1.87M | $1.87M | $3.38M | $4.65M | $3.20M | $4.30M | $4.43M | $5.80M | $7.80M | $5.68M | $2.83M | $3.71M | $4.31M | $4.41M | $3.20M | $3.20M | $3.44M | $4.66M |
| Cost of Revenue | $1.00M | $837.92K | $1.27M | $1.11M | $2.47M | $4.16M | $3.17M | $5.43M | $3.96M | $3.73M | $5.39M | $4.10M | $1.99M | $2.70M | $3.14M | $3.22M | $2.22M | $2.22M | $2.52M | $3.57M |
| Gross Profit | $553.70K | $615.04K | $607.06K | $758.32K | $906.19K | $480.68K | $22.64K | $-1.13M | $463.57K | $2.07M | $2.41M | $1.58M | $842.23K | $1.01M | $1.17M | $1.20M | $982.80K | $976.24K | $921.65K | $1.10M |
| Gross Profit Ratio | 35.61% | 42.33% | 32.39% | 40.51% | 26.80% | 10.35% | 0.71% | -26.21% | 10.47% | 35.64% | 30.86% | 27.80% | 29.79% | 27.25% | 27.21% | 27.10% | 30.67% | 30.53% | 26.78% | 23.49% |
| Research and Development Expenses | $77.85K | $54.34K | $82.20K | $81.79K | $69.91K | $186.85K | $180.89K | $150.44K | $302.55K | $510.50K | $191.15K | $187.08K | $299.56K | $328.09K | $343.57K | $334.23K | $251.84K | $251.08K | $244.80K | $230.34K |
| General and Administrative Expenses | $420.97K | $320.94K | $143.08K | $1.19M | $830.26K | $1.27M | $922.68K | $1.22M | $827.53K | $1.21M | $1.39M | $1.85M | $1.14M | $1.35M | $1.34M | $1.28M | $893.36K | $1.13M | $1.23M | $1.06M |
| Selling and Marketing Expenses | $20.57K | $39.32K | $30.79K | $58.44K | $39.46K | $103.40K | $45.43K | $191.10K | $162.74K | $38.81K | $21.17K | $71.39K | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $964.15K | $919.54K | $814.55K | $1.89M | $1.77M | $1.48M | $1.02M | $1.09M | $922.63K | $1.21M | $1.39M | $1.85M | $1.14M | $1.35M | $1.34M | $1.28M | $893.36K | $1.13M | $1.23M | $1.06M |
| Other Expenses | $77.97K | $85.46K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $8.71K |
| Operating Expenses | $1.12M | $1.06M | $896.75K | $1.97M | $1.84M | $1.66M | $1.20M | $1.09M | $1.23M | $1.72M | $1.58M | $2.04M | $1.41M | $1.68M | $1.68M | $1.61M | $1.15M | $1.38M | $1.47M | $1.29M |
| Cost and Expenses | $2.12M | $1.90M | $2.16M | $3.09M | $4.31M | $5.83M | $4.38M | $6.53M | $5.19M | $5.45M | $6.97M | $6.14M | $3.40M | $4.38M | $4.82M | $4.83M | $3.37M | $3.60M | $3.99M | $4.85M |
| Interest Income | $- | $- | $- | $134.39K | $- | $- | $- | $- | $- | $- | $2.41K | $- | $- | $- | $811 | $2.75K | $- | $1.59K | $- | $- |
| Interest Expense | $- | $216.48K | $210.01K | $- | $185.85K | $174.45K | $172.14K | $193.29K | $145.19K | $41.88K | $52.17K | $36.82K | $30.61K | $21.61K | $18.72K | $27.48K | $25.25K | $30.83K | $33.17K | $69.00K |
| Depreciation and Amortization | $1.89K | $2.39K | $47.41K | $103.18K | $104.90K | $108.16K | $107.57K | $265.76K | $287.74K | $54.67K | $56.51K | $72.00K | $58.33K | $57.31K | $57.95K | $55.18K | $49.84K | $49.20K | $48.96K | $49.13K |
| EBITDA | $-533.26K | $-403.79K | $-242.28K | $-1.32M | $-820.00K | $-834.24K | $-967.25K | $-1.61M | $-430.07K | $398.37K | $738.11K | $-384.98K | $-77.79K | $-691.65K | $-31.11K | $-454.66K | $-171.24K | $-414.07K | $-587.23K | $-139.70K |
| EBITDA Ratio | -34.30% | -27.79% | -12.93% | -70.29% | -24.25% | -17.96% | -30.25% | -37.43% | -9.71% | 6.87% | 9.46% | -6.78% | -2.75% | -18.66% | -0.72% | -10.30% | -5.34% | -12.95% | -17.06% | -3.00% |
| Operating Income | $-566.27K | $-444.30K | $-289.69K | $-1.21M | $-929.72K | $-1.18M | $-1.18M | $-2.22M | $-761.61K | $159.12K | $682.29K | $-526.78K | $-668.40K | $-749.45K | $-600.76K | $-509.84K | $-221.08K | $-463.26K | $-636.19K | $-197.54K |
| Operating Income Ratio | -36.42% | -30.58% | -15.46% | -64.80% | -27.50% | -25.47% | -36.95% | -51.63% | -17.20% | 2.74% | 8.75% | -9.28% | -23.64% | -20.22% | -13.93% | -11.55% | -6.90% | -14.49% | -18.49% | -4.24% |
| Total Other Income Expenses Net | $2.58M | $-181.60K | $-209.02K | $-445.34K | $-195.32K | $66.43K | $-65.44K | $152.11K | $-101.39K | $-27.72K | $-13.88K | $-34.92K | $427.74K | $-15.07K | $403.78K | $-27.48K | $-25.25K | $-30.83K | $-33.17K | $-60.29K |
| Income Before Tax | $2.01M | $-625.90K | $-498.71K | $-1.66M | $-1.11M | $-1.12M | $-1.25M | $-2.07M | $-863.00K | $117.25K | $630.12K | $-563.60K | $-240.66K | $-771.06K | $-196.99K | $-537.32K | $-246.33K | $-494.09K | $-669.35K | $-257.84K |
| Income Before Tax Ratio | 129.47% | -43.08% | -26.61% | -88.59% | -32.85% | -24.04% | -39.00% | -48.10% | -19.49% | 2.02% | 8.08% | -9.92% | -8.51% | -20.80% | -4.57% | -12.17% | -7.69% | -15.45% | -19.45% | -5.53% |
| Income Tax Expense | $- | $- | $1 | $2 | $- | $- | $2 | $4 | $- | $470 | $-685 | $-6.23K | $30.61K | $491 | $18.72K | $- | $- | $- | $- | $77.71K |
| Net Income | $2.01M | $-625.90K | $-498.71K | $-1.66M | $-1.11M | $-1.12M | $-1.25M | $-2.07M | $-863.00K | $117.25K | $630.12K | $-563.60K | $-240.66K | $-771.06K | $-196.99K | $-537.32K | $-246.33K | $-494.09K | $-669.35K | $-257.84K |
| Net Income Ratio | 129.47% | -43.08% | -26.61% | -88.59% | -32.85% | -24.04% | -39.00% | -48.10% | -19.49% | 2.02% | 8.08% | -9.92% | -8.51% | -20.80% | -4.57% | -12.17% | -7.69% | -15.45% | -19.45% | -5.53% |
| EPS | $0.75 | $-0.27 | $-0.22 | $-0.72 | $-0.48 | $-0.48 | $-0.54 | $-0.90 | $-0.37 | $0.05 | $0.27 | $-0.25 | $-0.11 | $-0.35 | $-0.09 | $-0.27 | $-0.13 | $-0.26 | $-0.35 | $-0.18 |
| EPS Diluted | $0.75 | $-0.27 | $-0.22 | $-0.72 | $-0.48 | $-0.48 | $-0.54 | $-0.90 | $-0.37 | $0.05 | $0.27 | $-0.25 | $-0.11 | $-0.35 | $-0.09 | $-0.27 | $-0.13 | $-0.26 | $-0.35 | $-0.17 |
| Weighted Average Shares Outstanding | 2.68M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.47M | 2.31M | 2.23M | 2.23M | 2.23M | 2.17M | 1.99M | 1.91M | 1.91M | 1.90M | 1.41M |
| Weighted Average Shares Outstanding Diluted | 2.70M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.47M | 2.31M | 2.23M | 2.23M | 2.23M | 2.17M | 1.99M | 1.91M | 1.91M | 1.90M | 1.54M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $30.72K | $3.21M | $2.51M | $1.47M | $408.79K |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $30.72K | $3.21M | $2.51M | $1.47M | $408.79K |
| Net Receivables | $1.31M | $3.33M | $3.90M | $1.34M | $2.41M |
| Inventory | $955.94K | $792.91K | $2.07M | $701.55K | $1.01M |
| Other Current Assets | $188.15K | $1.22M | $181.49K | $30.68K | $241.71K |
| Total Current Assets | $2.48M | $8.55M | $8.51M | $3.55M | $4.07M |
| Property Plant Equipment Net | $524.51K | $730.21K | $948.09K | $276.55K | $387.19K |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $420.11K | $630.17K | $630.17K | $586.39K |
| Goodwill and Intangible Assets | $- | $420.11K | $630.17K | $630.17K | $586.39K |
| Long Term Investments | $- | $541 | $4.41K | $10.14K | $- |
| Tax Assets | $- | $-541 | $-4.41K | $-10.14K | $- |
| Other Non-Current Assets | $50.06K | $50.60K | $54.47K | $28.85K | $18.71K |
| Total Non-Current Assets | $574.57K | $1.20M | $1.63M | $935.57K | $992.29K |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $3.06M | $9.76M | $10.14M | $4.49M | $5.07M |
| Account Payables | $6.63M | $5.97M | $3.84M | $2.38M | $4.59M |
| Short Term Debt | $1.95M | $432.85K | $1.89M | $672.73K | $716.23K |
| Tax Payables | $- | $- | $308.35K | $133.92K | $206.77K |
| Deferred Revenue | $- | $121.89K | $686.44K | $80.58K | $96.36K |
| Other Current Liabilities | $1.01M | $1.01M | $3.56M | $528.81K | $254.89K |
| Total Current Liabilities | $9.59M | $7.42M | $8.54M | $3.58M | $5.82M |
| Long Term Debt | $446.69K | $1.78M | $936.90K | $422.50K | $178.45K |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $625.02K | $3.12M | $890.55K | $- | $- |
| Total Non-Current Liabilities | $1.07M | $4.90M | $1.83M | $422.50K | $178.45K |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $10.67M | $12.32M | $10.37M | $4.00M | $6.00M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $61 | $61 | $61 | $56 | $26 |
| Retained Earnings | $-14.95M | $-9.86M | $-7.03M | $-5.26M | $-3.31M |
| Accumulated Other Comprehensive Income Loss | $7.31M | $7.30M | $6.80M | $5.74M | $2.38M |
| Other Total Stockholders Equity | $37.58K | $- | $-10.33K | $- | $- |
| Total Stockholders Equity | $-7.61M | $-2.56M | $-227.36K | $485.40K | $-930.34K |
| Total Equity | $-7.61M | $-2.56M | $-227.36K | $485.40K | $-930.34K |
| Total Liabilities and Stockholders Equity | $3.06M | $9.76M | $10.14M | $4.49M | $5.07M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $3.06M | $9.76M | $10.14M | $4.49M | $5.07M |
| Total Investments | $- | $541 | $4.41K | $10.14K | $- |
| Total Debt | $2.40M | $2.21M | $2.82M | $1.10M | $894.68K |
| Net Debt | $2.37M | $-1.00M | $317.10K | $-378.52K | $485.89K |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $94.45K | $108.63K | $275.58K | $30.57K | $267.45K | $1.67M | $1.83M | $3.57M | $3.93M | $3.17M | $2.52M | $2.51M | $451.40K | $964.36K | $1.13M | $1.47M | $241.23K | $416.12K | $1.15M | $408.79K |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $94.45K | $108.63K | $275.58K | $30.57K | $267.45K | $1.67M | $1.83M | $3.57M | $3.93M | $3.17M | $2.52M | $2.51M | $451.40K | $964.36K | $1.13M | $1.47M | $241.23K | $416.12K | $1.15M | $408.79K |
| Net Receivables | $769.26K | $571.58K | $568.91K | $1.31M | $3.10M | $3.18M | $1.77M | $3.33M | $3.51M | $2.59M | $3.82M | $3.90M | $1.52M | $1.66M | $1.70M | $1.34M | $1.56M | $1.68M | $961.56K | $2.41M |
| Inventory | $567.11K | $605.06K | $863.99K | $951.05K | $1.07M | $1.53M | $1.15M | $792.55K | $486.34K | $511.55K | $647.73K | $2.07M | $693.35K | $547.49K | $1.03M | $701.55K | $1.03M | $1.08M | $1.08M | $1.01M |
| Other Current Assets | $158.40K | $182.71K | $225.71K | $181.02K | $162.53K | $528.81K | $1.11M | $1.22M | $580.56K | $658.51K | $286.34K | $181.49K | $348.46K | $377.93K | $353.08K | $30.68K | $31.64K | $11.36K | $9.62K | $241.71K |
| Total Current Assets | $1.59M | $1.47M | $1.90M | $2.47M | $4.60M | $6.90M | $5.87M | $8.55M | $8.51M | $6.93M | $7.28M | $8.51M | $3.01M | $3.55M | $4.21M | $3.55M | $2.86M | $3.19M | $3.21M | $4.07M |
| Property Plant Equipment Net | $382.69K | $429.54K | $476.39K | $521.83K | $569.65K | $625.04K | $680.82K | $729.88K | $779.93K | $837.12K | $892.26K | $948.09K | $122.29K | $164.63K | $222.43K | $276.55K | $263.64K | $305.33K | $345.50K | $387.19K |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $630.17K | $630.17K | $630.17K | $630.17K | $630.17K | $630.17K | $630.17K | $625.55K | $618.80K | $597.36K | $586.39K |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $630.17K | $630.17K | $630.17K | $630.17K | $630.17K | $630.17K | $630.17K | $625.55K | $618.80K | $597.36K | $586.39K |
| Long Term Investments | $- | $- | $- | $- | $- | $540 | $541 | $541 | $537 | $1.15K | $2.81K | $4.41K | $6.01K | $6.94K | $8.54K | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1.15K | $-2.81K | $-4.41K | $-6.01K | $-6.94K | $-8.54K | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $50.06K | $50.06K | $50.00K | $49.80K | $311.13K | $364.50K | $417.93K | $469.95K | $675.38K | $51.20K | $52.87K | $54.47K | $194.98K | $268.02K | $291.68K | $28.85K | $30.45K | $18.71K | $18.71K | $18.71K |
| Total Non-Current Assets | $432.75K | $479.60K | $526.39K | $571.62K | $880.78K | $990.09K | $1.10M | $1.20M | $1.46M | $1.52M | $1.58M | $1.63M | $947.44K | $1.06M | $1.14M | $935.57K | $919.65K | $942.85K | $961.58K | $992.29K |
| Other Assets | $- | $- | $- | $1 | $1 | $- | $1 | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.02M | $1.95M | $2.43M | $3.04M | $5.48M | $7.89M | $6.96M | $9.75M | $9.96M | $8.45M | $8.85M | $10.14M | $3.96M | $4.61M | $5.35M | $4.49M | $3.78M | $4.13M | $4.17M | $5.07M |
| Account Payables | $1.15M | $7.35M | $7.24M | $6.63M | $5.72M | $6.34M | $5.20M | $5.97M | $5.27M | $4.33M | $4.09M | $3.84M | $1.73M | $1.98M | $2.54M | $2.38M | $2.36M | $2.54M | $2.64M | $4.59M |
| Short Term Debt | $2.37M | $1.96M | $1.92M | $1.95M | $2.86M | $2.04M | $438.52K | $432.85K | $527.56K | $516.07K | $988.72K | $1.89M | $1.64M | $1.55M | $967.57K | $672.73K | $678.97K | $786.31K | $653.45K | $716.23K |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $111.74K | $240.61K | $285.38K | $308.35K | $77.12K | $103.03K | $176.19K | $133.92K | $132.15K | $65.77K | $53.86K | $206.77K |
| Deferred Revenue | $- | $- | $69.13K | $88.92K | $108.95K | $43.10K | $212.85K | $121.84K | $81.69K | $174.32K | $448.05K | $686.44K | $181.70K | $57.70K | $58.54K | $80.58K | $85.68K | $40.51K | $84.21K | $96.36K |
| Other Current Liabilities | $995.47K | $554.93K | $577.85K | $874.50K | $704.19K | $608.08K | $727.40K | $888.54K | $185.74K | $783.35K | $1.53M | $4.47M | $653.12K | $472.01K | $636.22K | $528.81K | $584.38K | $458.14K | $588.89K | $413.83K |
| Total Current Liabilities | $4.52M | $9.86M | $9.80M | $9.55M | $9.40M | $9.03M | $6.58M | $7.41M | $6.17M | $5.46M | $6.16M | $8.54M | $3.89M | $3.97M | $4.14M | $3.58M | $3.60M | $3.72M | $3.75M | $5.82M |
| Long Term Debt | $4.24M | $669.29K | $418.73K | $444.40K | $450.45K | $1.69M | $1.79M | $1.78M | $1.86M | $871.07K | $915.57K | $936.90K | $- | $434.11K | $434.11K | $422.50K | $449.74K | $500.11K | $127.73K | $178.45K |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $163.26K | $310.58K | $621.82K | $1.60M | $2.03M | $2.40M | $3.12M | $884.22K | $890.55K | $890.55K | $890.55K | $- | $- | $1 | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $4.24M | $832.54K | $729.32K | $1.07M | $2.05M | $3.72M | $4.18M | $4.90M | $2.74M | $1.76M | $1.81M | $1.83M | $- | $434.11K | $434.11K | $422.50K | $449.74K | $500.11K | $127.73K | $178.45K |
| Other Liabilities | $- | $- | $- | $1 | $- | $- | $1 | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $8.76M | $10.69M | $10.53M | $10.61M | $11.45M | $12.76M | $10.76M | $12.31M | $8.91M | $7.22M | $7.97M | $10.37M | $3.89M | $4.41M | $4.57M | $4.00M | $4.05M | $4.22M | $3.88M | $6.00M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $61 | $61 | $61 | $61 | $61 | $61 | $61 | $61 | $61 | $61 | $61 | $61 | $61 | $61 | $61 | $56 | $39 | $39 | $39 | $26 |
| Retained Earnings | $-14.07M | $-16.08M | $-15.44M | $-14.88M | $-13.27M | $-12.19M | $-11.12M | $-9.86M | $-7.15M | $-6.28M | $-6.40M | $-7.03M | $-6.47M | $-6.23M | $-5.45M | $-5.26M | $-4.72M | $-4.47M | $-3.98M | $-3.31M |
| Accumulated Other Comprehensive Income Loss | $7.33M | $7.33M | $7.33M | $7.31M | $7.31M | $7.32M | $7.32M | $7.30M | $7.71M | $7.51M | $7.28M | $6.80M | $6.54M | $6.43M | $6.24M | $5.74M | $4.45M | $4.39M | $4.27M | $2.38M |
| Other Total Stockholders Equity | $1 | $1.08K | $-7.56K | $- | $1 | $- | $1 | $1 | $7.71M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $-6.74M | $-8.74M | $-8.11M | $-7.57M | $-5.97M | $-4.87M | $-3.80M | $-2.56M | $562.18K | $1.23M | $883.97K | $-227.36K | $71.90K | $201.63K | $782.21K | $485.40K | $-265.35K | $-84.24K | $287.14K | $-930.34K |
| Total Equity | $-6.74M | $-8.74M | $-8.11M | $-7.57M | $-5.97M | $-4.87M | $-3.80M | $-2.56M | $562.18K | $1.23M | $883.97K | $-227.36K | $71.90K | $201.63K | $782.21K | $485.40K | $-265.35K | $-84.24K | $287.14K | $-930.34K |
| Total Liabilities and Stockholders Equity | $2.02M | $1.95M | $2.43M | $3.04M | $5.48M | $7.89M | $6.96M | $9.75M | $9.48M | $8.45M | $8.85M | $10.14M | $3.96M | $4.61M | $5.35M | $4.49M | $3.78M | $4.13M | $4.17M | $5.07M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.02M | $1.95M | $2.43M | $3.04M | $5.48M | $7.89M | $6.96M | $9.75M | $9.48M | $8.45M | $8.85M | $10.14M | $3.96M | $4.61M | $5.35M | $4.49M | $3.78M | $4.13M | $4.17M | $5.07M |
| Total Investments | $- | $- | $- | $- | $- | $540 | $541 | $541 | $537 | $1.15K | $2.81K | $4.41K | $6.01K | $6.94K | $8.54K | $- | $- | $- | $- | $- |
| Total Debt | $6.61M | $2.62M | $2.34M | $2.39M | $3.30M | $3.73M | $2.23M | $2.21M | $2.38M | $1.39M | $1.90M | $2.82M | $1.64M | $1.98M | $1.40M | $1.10M | $1.13M | $1.29M | $781.18K | $894.68K |
| Net Debt | $6.52M | $2.52M | $2.06M | $2.36M | $3.03M | $2.07M | $393.11K | $-1.36M | $-1.55M | $-1.78M | $-615.15K | $317.10K | $1.19M | $1.02M | $274.16K | $-378.52K | $887.48K | $870.31K | $-373.52K | $485.89K |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-5.09M | $-2.23M | $-1.77M | $-1.95M | $-1.10M |
| Depreciation and Amortization | $428.69K | $431.97K | $239.81K | $203.17K | $165.38K |
| Deferred Income Tax | $- | $187.46K | $-923.16K | $70.49K | $137.91K |
| Stock Based Compensation | $43.87K | $280.88K | $629.17K | $350.47K | $11.36K |
| Change in Working Capital | $2.69M | $2.28M | $755.23K | $-850.39K | $1.49M |
| Accounts Receivables | $1.86M | $335.69K | $-2.65M | $1.16M | $731.26K |
| Inventory | $-61.48K | $1.33M | $-1.21M | $149.38K | $138.28K |
| Accounts Payables | $-1.84M | $2.31M | $3.66M | $-2.14M | $733.36K |
| Other Working Capital | $2.74M | $-1.69M | $957.01K | $-14.32K | $-115.22K |
| Other Non Cash Items | $-1.50M | $403.58K | $38.88K | $183.01K | $103.67K |
| Net Cash Provided by Operating Activities | $-3.42M | $1.35M | $-1.03M | $-1.99M | $809.89K |
| Investments in Property Plant and Equipment | $-5.21K | $-4.04K | $-12.25K | $-136.31K | $-333.85K |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $-43.78K | $-310.31K |
| Net Cash Used for Investing Activities | $-5.21K | $-4.04K | $-12.25K | $-136.31K | $-333.85K |
| Debt Repayment | $-83.02K | $-69.03K | $1.65M | $132.15K | $-928.75K |
| Common Stock Issued | $- | $- | $426.60K | $3.03M | $75.00K |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-30.98K | $-218.85K | $430.39K | $30.55K | $-123.82K |
| Net Cash Used Provided by Financing Activities | $-114.01K | $-287.88K | $2.08M | $3.19M | $-977.57K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-3.54M | $1.06M | $1.03M | $1.06M | $-501.53K |
| Cash at End of Period | $30.72K | $3.57M | $2.51M | $1.47M | $408.79K |
| Cash at Beginning of Period | $3.57M | $2.51M | $1.47M | $408.79K | $910.32K |
| Operating Cash Flow | $-3.42M | $1.35M | $-1.03M | $-1.99M | $809.89K |
| Capital Expenditure | $-5.21K | $-4.04K | $-12.25K | $-136.31K | $-333.85K |
| Free Cash Flow | $-3.42M | $1.35M | $-1.04M | $-2.13M | $476.04K |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $2.01M | $-625.90K | $-498.71K | $-1.66M | $-1.11M | $-1.12M | $-1.25M | $-2.07M | $-863.00K | $117.25K | $630.12K | $-563.60K | $-240.66K | $-771.06K | $-196.99K | $-537.32K | $-246.81K | $-494.09K | $-669.35K | $-257.84K |
| Depreciation and Amortization | $46.85K | $47.33K | $47.41K | $103.18K | $104.90K | $108.16K | $107.57K | $265.76K | $287.74K | $55.14K | $55.83K | $65.77K | $58.73K | $57.80K | $57.52K | $55.18K | $49.84K | $49.20K | $48.96K | $49.13K |
| Deferred Income Tax | $- | $- | $- | $- | $-735.90K | $-1.05M | $-549.61K | $2.06M | $-714.07K | $-56.69K | $211.47K | $-149.35K | $-349.53K | $33.74K | $-458.03K | $-90.52K | $168.40K | $-1.68K | $-5.72K | $68.44K |
| Stock Based Compensation | $-5.56K | $-1.81K | $-8.21K | $4.45K | $3.85K | $18.73K | $16.84K | $32.37K | $268.03K | $231.49K | $263.05K | $264.35K | $107.05K | $190.48K | $67.29K | $48.29K | $65.70K | $122.72K | $113.77K | $2.84K |
| Change in Working Capital | $8.17K | $74.87K | $736.54K | $1.82M | $-54.42K | $-326.92K | $-548.43K | $1.82M | $-330.27K | $1.23M | $-377.72K | $2.15M | $-169.94K | $-252.64K | $-968.08K | $598.30K | $-14.40K | $-889.51K | $-544.78K | $98.81K |
| Accounts Receivables | $-145.04K | $32.25K | $794.65K | $1.63M | $111.83K | $-1.38M | $1.52M | $143.57K | $-855.53K | $1.23M | $-101.56K | $-2.45M | $110.79K | $46.79K | $-356.43K | $220.34K | $144.12K | $-712.82K | $1.51M | $-751.88K |
| Inventory | $45.85K | $256.41K | $31.12K | $135.43K | $378.57K | $-246.73K | $-333.08K | $-239.35K | $81.94K | $187.53K | $1.40M | $-1.16M | $-202.46K | $443.43K | $-291.90K | $413.43K | $-139.69K | $-3.41K | $-120.96K | $-2.48K |
| Accounts Payables | $- | $- | $263.52K | $-95.27K | $-1.01M | $810.77K | $-1.50M | $2.16M | $903.03K | $244.58K | $-1.06M | $4.31M | $-245.68K | $-564.50K | $164.12K | $13.63K | $-179.67K | $-99.66K | $-1.88M | $816.31K |
| Other Working Capital | $107.36K | $-213.79K | $-352.75K | $151.44K | $467.83K | $491.76K | $-230.81K | $-245.60K | $-459.71K | $-430.68K | $-609.39K | $1.45M | $167.42K | $-178.37K | $-483.87K | $-49.10K | $160.85K | $-73.62K | $-52.45K | $36.86K |
| Other Non Cash Items | $-3.09M | $141.29K | $-894.20K | $-1.01M | $909.93K | $754.98K | $545.43K | $-1.70M | $407.15K | $29.06K | $230.74K | $-131.48K | $-344.66K | $40.51K | $-448.66K | $-99.86K | $157.84K | $18.16K | $177.37K | $87.68K |
| Net Cash Provided by Operating Activities | $-1.03M | $-364.23K | $385.51K | $717.90K | $-882.41K | $-1.62M | $-1.68M | $-153.36K | $-944.43K | $1.61M | $1.01M | $1.78M | $-589.48K | $-734.91K | $-1.49M | $64.59K | $12.16K | $-1.19M | $-874.04K | $-19.37K |
| Investments in Property Plant and Equipment | $- | $1 | $- | $-82 | $7 | $37 | $-5.21K | $-153 | $-3.81K | $- | $- | $7.54K | $-16.39K | $-1 | $-3.40K | $-72.70K | $-14.90K | $-30.47K | $-18.25K | $-13.53K |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $-5.32K | $5.21K | $- | $- | $- | $- | $- | $- | $- | $- | $-4.61K | $-6.75K | $-21.44K | $-10.97K | $-10.05K |
| Net Cash Used for Investing Activities | $- | $- | $- | $-82 | $7 | $-5.28K | $-5.21K | $-153 | $-3.81K | $- | $- | $7.54K | $-16.39K | $-1 | $-3.40K | $-72.70K | $-14.90K | $-30.47K | $-18.25K | $-13.53K |
| Debt Repayment | $1.08M | $25.66K | $17.96K | $-56.61K | $-55.50K | $-55.50K | $-55.50K | $-254.90K | $1.39M | $-486.82K | $-897.87K | $211.60K | $89.03K | $571.76K | $719.58K | $-54.74K | $-54.19K | $-55.84K | $-55.84K | $-433.33K |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $179 | $14.71K | $-13.24K | $429.70K | $1.26M | $- | $- | $1.82M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-65.71K | $171.89K | $-159.42K | $-943.68K | $-446.39K | $1.52M | $-4 | $75.09K | $-54.66K | $-50.74K | $-42.81K | $55.18K | $3.88K | $- | $426.51K | $39.04K | $-117.97K | $523.25K | $-126.13K | $-161.72K |
| Net Cash Used Provided by Financing Activities | $1.01M | $197.55K | $-141.46K | $-1.01M | $-497.36K | $1.46M | $-55.50K | $-179.81K | $1.33M | $-558.23K | $-1.00M | $266.77K | $92.91K | $571.76K | $1.15M | $1.24M | $-172.15K | $485.42K | $1.64M | $-595.06K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-18.67K | $-9.09K | $2.97K | $-27.90K | $-34.86K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-14.27K | $-166.67K | $245.01K | $-236.89K | $-1.40M | $-166.87K | $-1.73M | $-361.23K | $349.00K | $1.05M | $12.81K | $2.06M | $-512.95K | $-163.16K | $-346.24K | $1.23M | $-174.89K | $-738.59K | $745.91K | $-627.95K |
| Cash at End of Period | $94.92K | $109.19K | $275.58K | $30.57K | $267.45K | $1.67M | $1.83M | $3.57M | $3.93M | $3.57M | $2.52M | $2.51M | $451.40K | $964.36K | $1.13M | $1.47M | $241.23K | $416.12K | $1.15M | $408.79K |
| Cash at Beginning of Period | $109.19K | $275.86K | $30.57K | $267.45K | $1.67M | $1.83M | $3.57M | $3.93M | $3.58M | $2.52M | $2.51M | $451.40K | $964.36K | $1.13M | $1.47M | $241.23K | $416.12K | $1.15M | $408.79K | $1.04M |
| Operating Cash Flow | $-1.03M | $-364.23K | $385.51K | $717.90K | $-882.41K | $-1.62M | $-1.68M | $-153.36K | $-944.43K | $1.61M | $1.01M | $1.78M | $-589.48K | $-734.91K | $-1.49M | $64.59K | $12.16K | $-1.19M | $-874.04K | $-19.37K |
| Capital Expenditure | $- | $1 | $- | $-82 | $7 | $37 | $-5.21K | $-153 | $-3.81K | $- | $- | $7.54K | $-16.39K | $-1 | $-3.40K | $-72.70K | $-14.90K | $-30.47K | $-18.25K | $-13.53K |
| Free Cash Flow | $-1.03M | $-364.23K | $385.51K | $717.82K | $-882.40K | $-1.62M | $-1.68M | $-153.52K | $-948.25K | $1.61M | $1.01M | $1.79M | $-605.86K | $-734.92K | $-1.49M | $-8.11K | $-2.73K | $-1.22M | $-892.28K | $-32.90K |
Direct Communication Solutions, Inc. provides Internet of Things (IoT) products, services, and solutions the United States, Canada, and internationally. Its range of products includes GPS devices, modems, embedded modules, routers and mobile tracking machine-to-machine (M2M) devices, communications and applications software, and cloud services. The company offers Software as a Service (SaaS) solutions, including MiFleet, which offers fleet and vehicle SaaS telematics; MiSensors that provide M2M device management and service enablement for wireless sensors; and MiFailover, which offers high-speed wireless internet failover services to small and medium-sized businesses. It also provides MiConnectivity, a data solution for cellular data connectivity; and MiServices, a managed services offering that includes script development, loading configurations, SIM card insertion, carrier APN settings, pairing device and SIM card, activation services, device readiness validation, and custom labeling and packaging. In addition, it offers monitoring-as-a-service solution for the telematics market. The company serves wireless operators, OEM customers, and value added resellers and distributors in supply chain logistics, transportation, health care, and food and beverages industries. Direct Communication Solutions, Inc. was incorporated in 2006 and is headquartered in San Diego, California.
$2.30
Stock Price
$5.30M
Market Cap
-
Employees
San Diego, CA
Location
Revenue (FY 2023)
$13.03M
-42.3% YoY
Net Income (FY 2023)
$-5.09M
-127.7% YoY
EPS (FY 2023)
$-2.21
-127.8% YoY
Free Cash Flow (FY 2023)
$-3.42M
-353.8% YoY
Profitability
Gross Margin
34.0%
Net Margin
-39.1%
ROE
66.9%
ROA
-166.3%
Valuation
P/E Ratio
-0.41
P/S Ratio
0.16
EV/EBITDA
-0.99
Market Cap
$5.30M
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$-3.42M
-352.7% YoY
Free Cash Flow
$-3.42M
-353.8% YoY
Balance Sheet Summary
Total Assets
$3.06M
-68.6% YoY
Total Debt
$2.40M
8.5% YoY
Shareholder Equity
$-7.61M
-196.5% YoY
Dividend Overview
No Dividend Data
Direct Communication Solutions, Inc. doesn't currently pay dividends.
Direct Communication Solutions Dividends
Explore Direct Communication Solutions's dividend history, including dividend yield, payout ratio, and historical payments.
Direct Communication Solutions News
Read the latest news about Direct Communication Solutions, including recent articles, headlines, and updates.
DCS Announces Multi-Million Dollar Purchase Order Commitment for IoT Smart Hardware
San Diego, California--(Newsfile Corp. - November 20, 2024) - Direct Communication Solutions, Inc. (OTC Pink: DCSX) (CSE: DCSI) (FSE: 7QU) ("DCS" or the "Company") is pleased to announce a significant purchasing commitment from one of its long-time clients. The purchase order represents a total of $2,235,000 in IoT Smart Hardware products and services to be delivered immediately.
Direct Communication Solutions Announces Q3 Financials for 2024 and Operational Highlights
San Diego, California--(Newsfile Corp. - November 19, 2024) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company"), a leading provider of information technology solutions for the Internet of Things (IoT) market is pleased to report its Interim financial results for the third quarter ended September 30, 2024 and highlight significant achievements and strategic initiatives. Significant Highlights Project Awards: During the period ended, the Company was named finalists for the three global IoT projects of the year awards.
Direct Communication Solutions Named Finalists for Three Global IoT Project of the Year Awards
San Diego, California--(Newsfile Corp. - October 7, 2024) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU), a leading provider of information technology solutions for the Internet of Things (IoT) market, is proud to announce its selection as finalists in the global IoT Project of the Year competition. Three innovative IoT solutions developed by DCS have been chosen from more than 100 submissions representing 45 countries worldwide.
DCS Commences Legal Actions in the US and Canada
San Diego, California--(Newsfile Corp. - July 15, 2024) - Direct Communication Solutions, Inc. (OTC Pink: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company") commenced a legal action last week in the Ontario Superior Court of Justice against AirIQ (TSXV: IQ) that includes allegations of breach of contract and breach of confidence. This follows an earlier action brought by DCS in California against Michael Lawless, a former senior executive with DCS and now the Chief Revenue Officer of AirIQ, alleging breach of fiduciary duty, breach of contract and conversion.
DCS Announces Financial and Operational Restructuring Updates
San Diego, California--(Newsfile Corp. - June 13, 2024) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company") a leading provider of information technology and managed solutions for the Internet of Things (IoT) market, is excited to announce it has made significant progress in executing on our strategic plan of transitioning to a Software as a Service ("SaaS") focused company. DCS restructured financial and operational obligations significantly, which will allow the company to focus on higher margin, long-term recurring revenue opportunities.
Direct Communication Solutions Announces Interim Financial Statements for Q1 2024
San Diego, California--(Newsfile Corp. - May 30, 2024) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company"), a leading provider of information technology solutions for the Internet of Things (IoT) market, is pleased to announce it has posted its Interim Financial Statements for the first quarter ended March 31, 2024, and the corresponding Management Discussion & Analysis on SEDAR+. Significant Highlights The following highlights and developments are for the first quarter ended March 31, 2024: Continuing the transition to a SaaS Solutions provider focusing on high margin recurring revenue.
Direct Communication Solutions Announces Year-End Financials for 2023 and Operational Highlights
San Diego, California--(Newsfile Corp. - April 23, 2024) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company"), a leading provider of information technology solutions for the Internet of Things (IoT) market is pleased to report its year-end financial results for 2023 and highlight significant achievements and strategic initiatives. Highlights for the fiscal year 2023 include: Operational Efficiency and Cost Savings Direct Communication Solutions implemented cost-cutting measures to reduce employee overhead in 2023 and will continue the company's strategic restructuring efforts, aimed at focusing on high-margin, recurring Software as a Service (SaaS) and services revenue streams in 2024.
DCS Announces Strategic Licensing and Reseller Agreement with System Loco to Enhance IoT Solutions Portfolio
San Diego, California--(Newsfile Corp. - January 30, 2024) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company") a leading provider of information technology and managed solutions for the Internet of Things (IoT) market, is excited to announce it has entered into a strategic licensing and reseller agreement (the "Agreement") with System Loco Ltd. This collaboration will further expand System Loco's advanced IoT supply chain visibility and intelligence technology solutions to the North American market.
Direct Communication Solutions Announces AGM Results, Upcoming Townhall and Resignation of Director David Diamond
San Diego, California--(Newsfile Corp. - December 12, 2023) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company"), a leading provider of information technology solutions for the Internet of Things (IoT) market, is pleased to announce that all resolutions at the 2023 Annual General Meeting of the Stockholders received majority approval. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7202/190738_0c04600f34e24a68_002full.jpg The successful passage of these resolutions reflects the continued support and confidence of our valued shareholders in DCS's strategic direction.
Direct Communication Solutions to Participate in the Wialon Global Telematics Conference for Outstanding Partner Performance and AGM Details
San Diego, California--(Newsfile Corp. - December 6, 2023) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company"), a leading provider of information technology solutions for the Internet of Things (IoT) market, is pleased to announce its participation in the Wialon Global Telematics Conference in Vilnius Lithuania, in recognition of our outstanding performance in continuing to grow our subscriber base in the telematics market in North America. DCS continues to demonstrate excellence and innovation in the telematics sector and has been ranked #7 in North America, which includes the United States, Canada and Mexico markets.
Direct Communication Solutions Announces Interim Financial Statements for Q3 2023
San Diego, California--(Newsfile Corp. - November 16, 2023) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company"), a leading provider of information technology solutions for the Internet of Things (IoT) market, is pleased to announce it has posted its Interim Financial Statements for the three and nine months ended September 30, 2023, and the corresponding Management Discussion & Analysis on SEDAR+. Direct Communication Solutions Inc. had revenues for the nine months ended September 30, 2023, of $11.2 million (U.S.), compared with $18.2 million (U.S.) in 2022 (a decrease of 39 percent over the same period as last year).
DCS Announces Software Licensing and Managed Logistics Services Agreement with CATrak - Catalytic Converter Anti-Theft Solution
San Diego, California--(Newsfile Corp. - September 28, 2023) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU) ("DCS" or the "Company") a leading provider of information technology solutions for the Internet of Things (IoT) market, is excited to announce it has entered into a strategic agreement (the "Agreement") on September 26, 2023 with CATrak Technologies, Inc. to offer its Catalytic Converter Theft Prevention solution. Catalytic Converter theft is on the rise on North America according to a new report based on insurance claims data released by the National Insurance Crime Bureau (NCIB)*, which shows a surge in catalytic converter thefts across the country.
Direct Communication Solutions Announces Interim Financial Statements for Q2 2023
San Diego, California--(Newsfile Corp. - August 16, 2023) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company"), a leading provider of information technology solutions for the Internet of Things (IoT) market, is pleased to announce it has posted its Interim Financial Statements for the three and six months ended June 30, 2023, and the corresponding Management Discussion & Analysis on SEDAR+. Significant Highlights The following highlights and developments are for the six months ended June 30, 2023: Successful collaboration between Epson and the Company's MiFleet solution in the prevention of cargo theft, which is estimated to be $200M a year in the United States.
Direct Communication Solutions Announces Successful Collaboration Between MiFleet and Epson
San Diego, California--(Newsfile Corp. - July 10, 2023) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company"), a leading provider of information technology solutions for the Internet of Things (IoT) market, is pleased to announce its successful collaboration between Epson America Inc. ("Epson"), a multinational company that specializes in the manufacture of various electronic products, including printers, projectors, scanners, and other imaging equipment, and the Company's MiFleet solution in the fight against cargo theft. The cargo theft problem in the United States, resulting in the loss of at least $224 million in goods annually1, has posed significant challenges for companies like Epson.
DCS Announces Strategic Partnership with AMIT Wireless
San Diego, California--(Newsfile Corp. - July 14, 2021) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (DCS), a leading Technical Services Provider for the Internet of Things (IoT) market, announced the addition of the AMIT Wireless line of IoT products to its comprehensive IoT solutions portfolio. This strategic partnership will expand the DCS solutions product offerings for the IoT market in North America.AMIT Wireless is a leader in designing and manufacturing innovative edge devices for the IoT...
DCS Appointed First Distributor in North America by TOPFLYtech
San Diego, California--(Newsfile Corp. - May 5, 2021) - DCS (OTCQX: DCSX) (CSE: DCSI), a leading provider of IoT products and solutions, announced today that it was appointed the first distributor in the North American market by TOPFLYtech to provide distribution, logistics and technical support. The collaboration expands TOPFLYtech's reach into the North American market and expands the DCS solutions catalog to further address the growing asset tracking and management markets.As the cost of high...
DCS and Bluesky Communications Launch MiFleet in American Samoa
San Diego, California--(Newsfile Corp. - May 3, 2021) - DCS (OTCQX: DCSX) (CSE: DCSI) a leading provider of IoT products and solutions, announced today that it has partnered with Bluesky Communications to offer MiFleet to Bluesky customers. The initial deployment between the companies will be to upgrade 300+ vehicles across the Bluesky Communications network footprint. MiFleet removes complexities and costs from fleet management strategies and will provide Bluesky Communications customers with an iconic, intuitive and...
DCS Launches MiFleet + Vision with UScellular
San Diego, California--(Newsfile Corp. - April 8, 2021) - DCS (OTCQX: DCSX) (CSE: DCSI) announced today that its MiFleet + Vision has been approved for use on UScellular's 4G-LTE network. The launch of MiFleet + Vision will allow small, medium and enterprise businesses to efficiently operate and protect their vehicles and drivers by providing real-time video within the MiFleet platform. Combining robust fleet management and real-time video allows fleet managers to take advantage of...
DCS Announces Client Purchasing Commitment
San Diego, California--(Newsfile Corp. - April 6, 2021) - DCS (OTCQX: DCSX) (CSE: DCSI), a leading solutions provider in the Internet of Things (IoT) ecosystem, announced a purchasing commitment from one of its long time clients. The purchase order represents $ 6.88million in products and services.DCS has developed key relationships over the past decade, by providing and becoming a Technical Services Provider (TSP) that clearly enables the IoT industry with hardware, software services, managed services and...
DCS Announces Micron Wireless Integration and Product Portfolio
San Diego, California--(Newsfile Corp. - February 23, 2021) - DCS (OTCQX: DCSX) (CSE: DCSI) a leading provider of IoT products and solutions, announces a new partnership with Micron Wireless (Micron) to expand their IoT product portfolio to include battery powered asset tracking devices. The partnership expands the DCS solutions catalog to further address the growing asset tracking and management markets.As the cost of fleet equipment and enterprise assets rise along with increased demand for transportation...
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