DAC Technologies Group International, Inc (DAAT)

[MikeDDKing]

While the numbers for the quarter weren't the greatest I think this selloff is overdone.

They announced their biggest order from WalMart in the quarter which will ship in October and November of 2009.

A good chunk of their Q3'08 revenue was from their fireplace products which are now discontinued.

They just reaffirmed their guidance on September 3rd for 2009 EPS of $0.14-$0.16.

Their book value is $0.93/share.

Trading in the mid $0.70s doesn't seem justified.

I'm currently on the bid at $0.64

[StockJunkkie]

so did i. Totally sold out at .80 today.

[ST Trader]

I was a little dissapointed with those numbers, so I sold my shares this morning. Good luck!

[MikeDDKing]

DAC Technologies Announces Third Quarter 2009 Results
On 8:30 am EST, Monday November 16, 2009

LITTLE ROCK, AR--(Marketwire - 11/16/09) - DAC Technologies (OTC.BB:DAAT - News) today announced results for the quarter ending September 30, 2009. For the nine months ending September 30, 2009 the Company reported net income of $386,241 on net sales of $9,774,701, as compared to net income of $133,548 and net sales of $9,360,487 for the same period in 2008. This is an increase in net income of $252,693, or 189%. Earnings per share for the nine months ending September 30, 2009 were seven cents per share as compared to two cents per share in 2008, an increase of 250%.

For the three months ending September 30, 2009 the Company reported net income of $73,375 and net sales of $3,098,204 as compared to $83,484 and $3,920,460, respectively, in 2008.

David A. Collins, Chairman and CEO, stated, "As discussed in previous press releases, the Company is not manufacturing the low gross margin items, such as fireplace accessories and game processing equipment. This business was all done in the 3rd and 4th quarters of 2008 and totaled $4,796,387 in revenue during that period. Although we knew this would affect sales in 2009, the Company has chosen to concentrate on its core business of gun cleaning kits and gun accessories and in increasing its gross margins. The Company has increased its core business in 2009 by $1,901,049, or 32%. Gross margins have increased from 25% in 2008 to 30% in 2009. Although sales for the nine months increased only 4%, the Company's net income has increased 189%, in large part due to the increase in gross margins. The Company has introduced a new line of Winchester� gun cleaning kits into Wal-Mart in 2009 and looks forward to expanding its Winchester� products in both Wal-Mart and other retailers in 2010."

About DAC:

DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.

The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.

                DAC TECHNOLOGIES GROUP INTERNATIONAL, INC. 
                    Condensed Consolidated Balance Sheet 
                  September 30, 2009 and December 31, 2008 
  
  
                         Assets 
                                                     Sept. 30     Dec. 31 
                                                       2009         2008 
                                                   -----------  ----------- 
                                                   (unaudited) 
 Current assets 
    Cash                                           $   212,325  $   599,103 
    Accounts receivable, less allowance for 
     doubtful accounts of $20,000 in 2009 and 2008     682,479      495,718 
    Due from factor                                      4,913    1,542,918 
    Inventories                                      6,502,796    2,742,563 
    Prepaid expenses and deferred charges               73,095       72,068 
    Current deferred income tax benefit                 31,019       31,019 
                                                   -----------  ----------- 
 Total current assets                                7,506,627    5,483,389 
                                                   -----------  ----------- 
  
 Property and equipment, net                           266,359      266,011 
                                                   -----------  ----------- 
  
 Other assets                                          518,317      430,586 
                                                   -----------  ----------- 
  
 Total assets                                      $ 8,291,303  $ 6,179,986 
                                                   ===========  =========== 
  
          Liabilities and Stockholders' Equity 
  
 Current liabilities 
    Notes payable                                  $   417,611  $   104,609 
    Accounts payable                                 2,174,836      795,136 
    Accrued expenses                                    73,738      118,369 
    Income taxes payable                               195,625       89,700 
                                                   -----------  ----------- 
 Total current liabilities                           2,861,810    1,107,814 
                                                   -----------  ----------- 
  
 Deferred income tax liability                          66,574       66,574 
                                                   -----------  ----------- 
  
 Stockholders' equity 
    Common stock                                         6,323        6,323 
    Additional paid-in capital                       1,963,102    1,963,102 
    Treasury stock, at cost                           (401,043)    (372,124) 
    Retained earnings                                3,794,537    3,408,297 
                                                   -----------  ----------- 
 Total stockholders' equity                          5,362,919    5,005,598 
                                                   -----------  ----------- 
  
 Total liabilities and stockholders' equity        $ 8,291,303  $ 6,179,986 
                                                   ===========  =========== 

                DAC TECHNOLOGIES GROUP INTERNATIONAL, INC. 
              Condensed Consolidated Statements of Operations 
           For The Nine Months Ended September 30, 2009 and 2008 
                                Unaudited 
                                                                   Percent 
                                                                   Increase 
                                              2009        2008    (Decrease) 
                                           ----------  ---------- 
  
 Net sales                                 $9,774,700  $9,360,487     4% 
  
 Cost of sales                              6,878,764   7,029,159    -2% 
                                           ----------  ---------- 
  
 Gross profit                               2,895,936   2,331,328    24% 
                                           ----------  ---------- 
  
 Operating expenses 
    Selling                                 1,253,450   1,061,411    18% 
    General and administrative                882,198     848,629     4% 
                                           ----------  ---------- 
 Total operating expenses                   2,135,648   1,910,040    12% 
                                           ----------  ---------- 
  
 Income from operations                       760,288     421,288    80% 
                                           ----------  ---------- 
  
 Other income (expense) 
    Interest expense                         (129,987)   (170,349) 
    Other income                                   14           0 
                                           ----------  ---------- 
      Total other income (expense)           (129,973)   (170,349)  -24% 
                                           ----------  ---------- 
  
 Income before income tax provision           630,315     250,939   151% 
  
 Provision for income taxes                   244,075     117,391   108% 
                                           ----------  ---------- 
  
 Net income                                $  386,240  $  133,548   189% 
                                           ==========  ========== 
  
 Basic and diluted earnings per share      $     0.07  $     0.02   250% 
                                           ==========  ========== 
  
 Weighted average number of common shares: 
    Basic and diluted                       5,814,802   6,033,985 

Contact:
For Shareholder Information please call:1-800-920-0098or email at Email Contact

[MikeDDKing]

They are due by the 16th but we could see them as late as the 17th if they file late on the 16th. I'm guessing we see them on Monday morning.

[houtheman]

when are earnings due out on this? Nice buy volume today.

[hotpenny]

buy recommendation:

Smallcaps.us issued a buy recommendation for DAC Technologies. Link: http://www.smallcaps.us

“DAC Technologies reduced selling low-margin products and focused on its higher margin items. As a results, the Company expects to more than double last year's earnings. We feel this isn't reflected in the stock price yet.”

[MikeDDKing]

Nice

[dickmilde]

DAAT Another validation that sales are up.

DAAT makes the gun cleaning kits for all these guns that are being sold!

http://www.fool.com/investing/general/2009/10/21/a-big-upgrade-for-smith-wesson.aspx

But the rush to buy guns and ammo that began late last year, sending consumers to gun shows and retailers like Cabela's (NYSE: CAB) and Wal-Mart (NYSE: WMT), is still going strong. The rush has eased, but sales have been up by double-digit percentages in every month since last October, except July, according to the National Shooting Sports Foundation. Firearm manufacturers like Sturm, Ruger (NYSE: RGR) and Smith & Wesson have booked solid sales and backlog, and ammo makers like ATK and Olin (NYSE: OLN) are still trying to keep up with demand.

Dick Milde

[Rawnoc]

DAAT had 30% gross margins last quarter....not bad at all.

[MikeDDKing]

DAAT is selling cleaning supplies (e.g. dusters). You can find them in WallMart.

[stock_peeker]

DAAT has always been trapped by their good neighbor Walmart's control of DAAT margins.

There is also a growing belief that Obama's impact on gun cleaning kit sales will lessen over time (just funnin').

I still own some DAAT from a few years ago, and I continue to be disappointed that they cannot break out with new products in new areas. I mean ... heck, they were trying to sell mops for awhile.

Regards, and good luck!
'peeker

[Rawnoc]

Correct.

[houtheman]

I guess the only reason that leaves is that not enough people know about it.

[Rawnoc]

I haven't been able to figure out why DAAT is so cheap since the .20s

[MikeDDKing]

I think it will move. If this stock isn't considerably higher by the time Q3 results come out I expect Q3 results to move it up.

[houtheman]

I don't understand why we aren't over $1. This will move soon.

[stock_peeker]

13:39 Cabela's: September FBI background checks for firearm suggest strong demand for firearms - Feltl & Co. (13.10 +0.38)

Feltl & Co. notes that FBI background checks in September were higher than expected, leading the firm to believe that demand for firearms has remained high through the fall. The firm had expected slightly lower results due to channel checks at Cabela's stores and competitors as they thought the fall demand for firearms had not picked up substantially. However, the firm is encouraged by the strong year-over-year growth and the stable sequential improvement in background checks. In addition, the firm thinks the lead-up to hunting season has been strong with continued demand for firearms from political fear.

[dickmilde]

Bullet makers can't keep up with demand

"We are working overtime and still can’t keep up with the demand,” said Al Russo, spokesman for North Carolina-based Remington Arms Company, which makes bullets for rifles, handguns and shotguns. “We’ve had to add a fourth shift and go 24-7. It’s a phenomenon that I have not seen before in my 30 years in the business.”

http://www.alternet.org/blogs/rights/142934/scary%3A_bullet_makers_can%27t_keep_up_with_demand

The continued high demand for guns and ammo has a positive effect for DAAT that supplies gun cleaning kits and accessories to the big retailers such as Wal-Mart.

From DAAT's last Q report...

-- Positive Trends Continue
-- Gross Margins Continue to Increase
-- FY2009 Guidance Increased

Dick Milde

[Rawnoc]

Darn, it did have that bottom feel too....sorry, will pound it in you harder next time.

[Tina]

How many years have you had the pleasure of knowning me???

You know I have majorly ADD and need to be directly screamed at!!

ugh missed another great opportuniy (as I prefer bottoms)

[Rawnoc]

We've been screaming our heads off on this one the entire way up. I think it was Mike heaviest loaded position even before it tripled. Not only is it gun-related, but they are making money hand over fist, have a pristine debt-free balance sheet, bought back a ton of shares, and still has a tiny PE ratio.

[Tina]

hey why didn't you guys tell me about this one!

up over double since March and gun related

[MikeDDKing]

No, that is something new. It was done at Walmart's request/mandate. They are doing the same thing with all or at least most of their gun accessory suppliers. The gun accessory isle at Walmart looks like a Winchester isle now.

[Rawnoc]

It's always a challenge to punch through shares being offered at .XX88 then it tends to rocket

[Hegotgame]

I noticed Walmart now sells Dac kits packaged by Winchester, or is that something old? Sure beat that lame blue, and white, and the Winchester name too.

[houtheman]

that did seem like new territory to me but wasn't sure. yay!

[MikeDDKing]

DAAT just printed a new 52 week high at $0.91!

[houtheman]

hey Raw - I'm perplexed as to why DAAT isn't trading much higher. I wish we had someone on this board who knows or spoke to management - how do we start that DD process?

Let's get some real research here like we have going with the EGMI board and investors. I really want to double down on DAAT but holding off until I can find people who know management, etc.

[houtheman]

I see $0.879

[MikeDDKing]

The DAAT ask moved up to $0.89.

[MikeDDKing]

Nice

[Hegotgame]

I have been adding a few here and there.

BTW I recently saw DAC products in Dunhams sports. I Dont know if they were there before or not but I have never seen them there. Dunhams is big in MI.

[MikeDDKing]

Someone has been hitting the ask today. I wouldn't be surprised if it starts to take off.

[houtheman]

looks like someone did my dirty work for me! :)

[houtheman]

well it's that or an initial ZAGG position for my IRA... I thought maybe I'd get some ZAGG instead since I have a good amount of DAAT. what do u think?

[MikeDDKing]

There is one way to find out :)

[houtheman]

Been buying DAAT today at $0.85 and below. If I print some trades at $0.878 - you think that would be enough to get this thing moving?

[Rawnoc]

DAAT very much off radar is why IMO

[houtheman]

I got 15k shares already - I can maybe afford another 5k shares but I want to see some movement first - weird it didn't shoot over $1 with that walmart PR

[Rawnoc]

Remember DAAT is entering the seasonally superior period now...

[houtheman]

Reaffirming guidance. That's huge! This stock should be trading at a bare minimum of $1.40

[Knowledge is King]

DAAT lands big Wal-Mart order...


DAC Technologies Receives Large Holiday Purchase Orders
Press Release
Source: DAC Technologies Group International, Inc.
On Thursday September 3, 2009, 8:30 am EDT

Companies:DAC Technologies Group International Inc.
LITTLE ROCK, AR--(Marketwire - 09/03/09) - DAC Technologies (OTC.BB:DAAT - News) today announced it has received the largest single purchase order in its 16 year history. The purchase order from Wal-Mart is for the Company's deluxe gun cleaning kit and will ship in October and November of 2009. The purchase order is for a Holiday promotion and is well in excess of seven figures.

David A. Collins, Chairman and CEO, stated, "The Company is very excited about receiving POs of this magnitude and continues to concentrate on its core business of gun cleaning kits and firearm accessories. The Company is experiencing large sales increases in this area and expects the trend to continue. The Company reaffirms its higher guidance of 14 to 16 cents earnings per share and sales of $16 to $18 million."

About DAC:

DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.

The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward-looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.

Contact:
For Shareholder Information:1-800-920-0098Email Contact

[Rawnoc]

DAC Technologies Announces Second Quarter 2009 Results

Second Quarter Profits Increase 1489%
Press Release
Source: DAC Technologies Group International, Inc.

On Monday August 17, 2009, 7:00 am EDT
Companies:DAC Technologies Group International Inc.
LITTLE ROCK, AR--(Marketwire - 08/17/09) - DAC Technologies (OTC.BB:DAAT - News)

-- Positive Trends Continue
-- Gross Margins Continue to Increase
-- FY2009 Guidance Increased

DAC Technologies (OTC.BB:DAAT - News) today announced net income for the quarter ending June 30, 2009 of $128,566 versus $8,090 for the same period in 2008. This is an increase of $120,476, or 1489%. Net sales for the second quarter 2009 were $3,143,041 versus $2,724,258 for the second quarter 2008. This is an increase of $418,783, or 15%.

David A. Collins, Chairman and CEO, stated, "The Company continues to benefit from a positive trend in firearm accessories and concentrating on its core business of gun cleaning kits, gun locks and firearm accessories. The Company also continued to increase its gross margins, from 25% in the second quarter of 2008 to 30.2% for the second quarter of 2009, an increase of 5.2%. Gross margins also increased in the first quarter by 3.5% over 2008. The Company is also benefiting from lower shipping costs, elimination of low gross margin products such as fireplace equipment and game processing items, and lower commodity prices. We expect this trend to continue through 2009 into 2010, even as commodity prices go to average levels."

Collins also stated, "Net sales were $6,676,498 for the first six months of 2009, an increase of 23% over 2008. Net income for the first six months of 2009 was $312,865, almost equal to the full year's net income of $356,694 for 2008. It will be difficult to maintain the large sales increases we have enjoyed in the first six months, mainly due to the fact that most of the low gross margin products we have eliminated were fall sales items. We do expect to maintain large sales increases in our core business of gun accessories, both through existing customers and increased market share. Due to these facts, the Company is raising guidance on EPS from 12 to 14 cents per share to 14 to 16 cents per share."

About DAC:

DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.

The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.

              DAC TECHNOLOGIES GROUP INTERNATIONAL, INC. 
                    Condensed Consolidated Balance Sheet 
                     June 30, 2009 and December 31, 2008 
  
  
  
                Assets 
                                                     June 30    December 31 
                                                       2009         2008 
                                                   -----------  ----------- 
                                                   (unaudited) 
  
 Current assets 
    Cash                                           $    69,026  $   599,103 
    Accounts receivable                                610,838      495,718 
    Due from factor                                    524,170    1,542,918 
    Inventories                                      5,399,082    2,742,563 
    Prepaid expenses and deferred charges              108,184       72,068 
    Current deferred income tax benefit                 31,019       31,019 
                                                   -----------  ----------- 
 Total current assets                                6,742,319    5,483,389 
                                                   -----------  ----------- 
  
 Property and equipment, net                           269,943      266,011 
                                                   -----------  ----------- 
  
 Other assets                                          480,726      430,586 
                                                   -----------  ----------- 
  
 Total assets                                      $ 7,492,988  $ 6,179,986 
                                                   ===========  =========== 
  
     Liabilities and Stockholders' Equity 
  
 Current liabilities 
    Notes payable                                  $    80,155  $   104,609 
    Accounts payable                                 1,838,194      795,136 
    Accrued expenses                                    70,281      118,369 
    Income taxes payable                               148,240       89,700 
                                                   -----------  ----------- 
 Total current liabilities                           2,136,870    1,107,814 
                                                   -----------  ----------- 
  
 Deferred income tax liability                          66,574       66,574 
                                                   -----------  ----------- 
  
 Stockholders' equity 
    Common stock                                         6,323        6,323 
    Additional paid-in capital                       1,963,102    1,963,102 
    Treasury stock, at cost                           (401,043)    (372,124) 
    Retained earnings                                3,721,162    3,408,297 
                                                   -----------  ----------- 
 Total stockholders' equity                          5,289,544    5,005,598 
                                                   -----------  ----------- 
  
 Total liabilities and stockholders' equity        $ 7,492,988  $ 6,179,986 
                                                   ===========  =========== 
  
  
  
  
                 DAC TECHNOLOGIES GROUP INTERNATIONAL, INC. 
               Condensed Consolidated Statements of Operations 
             For The Three Months Ended June 30, 2009 and 2008 
                                 Unaudited 
  
                                                                   Percent 
                                                                   Increase 
                                          2009         2008       (Decrease) 
                                      -----------  ----------- 
  
 Net sales                            $ 3,143,041  $ 2,724,258           15% 
  
 Cost of sales                          2,195,174    2,043,077            7% 
                                      -----------  ----------- 
  
 Gross profit                             947,867      681,181           28% 
                                      -----------  ----------- 
  
 Operating expenses 
    Selling                               399,352      336,131           19% 
    General and administrative            298,514      287,764            4% 
                                      -----------  ----------- 
 Total operating expenses                 697,866      623,895           12% 
                                      -----------  ----------- 
  
 Income from operations                   250,001       57,286          336% 
                                      -----------  ----------- 
  
 Other income (expense) 
    Interest expense                      (41,265)     (43,579) 
                                      -----------  ----------- 
      Total other income (expense)        (41,265)     (43,579)          -5% 
                                      -----------  ----------- 
  
 Income before income tax provision       208,736       13,707         1423% 
  
 Provision for income taxes                80,170        5,617         1327% 
                                      -----------  ----------- 
  
 Net income                           $   128,566  $     8,090         1489% 
                                      ===========  =========== 
  
 Basic and diluted earnings per share $      0.02  $         - 
                                      ===========  =========== 
  
 Weighted average number of common 
  shares: 
    Basic and diluted                   5,793,699    6,032,899

Contact:
For Shareholder Information please call:1-800-920-0098Email Contact

[Rawnoc]

Yup, I agree, I don't know how much this will help the stock price next week but looks great going into the seasonally stronger months.

[MikeDDKing]

Nice!

[MikeDDKing]

Carrying out the diluted EPS one more digit I get $0.022. Q1 and Q2 are the seasonally slowest quarters so this is a very nice showing. It is the strongest revenue and EPS for Q2 going back to at least 2007. I didn't go back further so it may be longer.

[ST Trader]

Pretty much what was expected, since they released their revenue numbers a couple of weeks ago and margins stayed relatively stable from the 1st quarter. I don't know if this will cause much of a bump in the price come Monday morning though.

here is a link to the release regarding sales.
http://finance.yahoo.com/news/DAC-Technologies-Named-iw-443436676.html?x=0&.v=1

[Rawnoc]

Trailing will now show EPS over +.10 with a PE of 8

[Knowledge is King]

DAAT reports $.02 vs nil, revs $3.1M vs $2.7M