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Tuesday, January 25, 2022

DecisionPoint Systems Inc (OTCMKTS: DPSID) Running Northbound as Company Reports Record Revenues & Looks to Up List to National Exchange

DecisionPoint Systems Inc (OTCMKTS: DPSID) is making a powerful move up the charts in recent days with an eye on recent highs of $14.22, a break over and its blue skies ahead. DPSI is just beginning to catch the eye of investors but there is a lot to get excited about here; the Company does RFID Mobile Computing for jumbo-sized companies and has deals with the US Air Force, Coca-cola Celgene, Scientific Games, Motorola, Petco, Nordstrom, Pfizer and they are already doing significant sales and reporting a net income. Sales for the third quarter of 2021 were $18.2 million, an increase of $7.1 million, or 64%, from the third quarter of 2020. The increase was driven by higher hardware sales, including from three large enterprise customers in healthcare and retail verticals.  

DecisionPoint Systems is led by CEO Nicholas Toms who was the founder, CEO, and took public Peak Technologies on the NASDAQ which got bought out for $210 million or $18/share 5 years later. Recently DPSI DPSID affected a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-2. The trading symbol is expected to revert back to DPSI on or about January 20, 2022. The reverse stock split is intended to enable the company to satisfy the minimum bid price requirement in connection with a potential application to a stock exchange. DecisionPoint was recently recognized by Motorola as Top 10 North American Wireless LAN Partner.  

DecisionPoint Systems Inc (OTCMKTS: DPSID) operating out of Irvine, California mission is to help businesses consistently deliver on those moments—accelerating growth, improving worker productivity, and lowering risks and costs. The Company delivers a more engaged and productive workforce through efficient and flexible AIDC solutions and IT services which encompass: Enterprise Mobility, IT Lifecycle Services, Managed Network Services, Digital Workplace Services, and IT Staff Augmentation. DecisionPoint Systems also provides the Barcoding and RFID Equipment and Supplies that keep your business running. The Company ensure its clients’ mobile and IT technology performs well from anywhere by utilizing our deep experience, perfected strategy, great people, and evolved processes. DPSI combines its expertise with the right technology to ensure its clients get the most out of their IT investments and workforce. The Company has a $9 million-dollar revolving line of credit with MUFG Union Bank. 

DPSID recently affected a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-2. The trading symbol is expected to revert back to DPSI on or about January 20, 2022. The reverse stock split is intended to enable the company to help facilitate several important corporate objectives, including enabling the company to satisfy the minimum bid price requirement in connection with a potential application to a stock exchange.    

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DPSID

 

DPSID is doing big numbers; the Company recently reported sales for the third quarter of 2021 were $18.2 million, an increase of $7.1 million, or 64%, from the third quarter of 2020. The increase was driven by higher hardware sales, including from three large enterprise customers in healthcare and retail verticals. $3.0 million of that growth was from ExtenData, a business we acquired in December 2020 as part of our strategic transformation plan. Gross margin increased 390 basis points, driven by a mix shift to higher margin services and hardware products. Net income for the third quarter of 2021 was $0.6 million, or $0.04 per diluted share, compared with net income of $0.2 million, or $0.01 per diluted share in the third quarter of 2020. This increase was primarily due to higher sales volume, partially offset by an increase in SG&A costs resulting from our ExtenData acquisition. EBITDA more than doubled to $1.2 million for the third quarter of 2021 versus the third quarter of 2020. 

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DPSID is making a powerful move up the charts in recent days with an eye on recent highs of $14.22, a break over and its blue skies ahead. DPSI is just beginning to catch the eye of investors but there is a lot to get excited about here; the Company does RFID Mobile Computing for jumbo-sized companies and has deals with the US Air Force, Coca-cola Celgene, Scientific Games, Motorola, Petco, Nordstrom, Pfizer and they are already doing significant sales and reporting a net income. Sales for the third quarter of 2021 were $18.2 million, an increase of $7.1 million, or 64%, from the third quarter of 2020. The increase was driven by higher hardware sales, including from three large enterprise customers in healthcare and retail verticals. DecisionPoint Systems is led by CEO Nicholas Toms who was the founder, CEO, and took public Peak Technologies on the NASDAQ which got bought out for $210 million or $18/share 5 years later. Recently DPSI DPSID affected a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-2. The trading symbol is expected to revert back to DPSI on or about January 20, 2022. The reverse stock split is intended to enable the company to satisfy the minimum bid price requirement in connection with a potential application to a stock exchange. DecisionPoint was recently recognized by Motorola as Top 10 North American Wireless LAN Partner. We will be updating on DPSI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with DPSI.

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Disclosure: we hold no position in DPSI either long or short and we have not been compensated for this article.

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