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Lol no takers at 0.42 ..zero volume that's quite common for this garbage
Looks like the bagholders are slowly taking their losses and dumping at $0.41. What a shame.
Did you ask Nic when they plan to reverse split again?
i dont see where i got shares from,,was there a name change or a divy ???
This is where Toms will eventually show up on www.cnbc.com/id/18057119 American Greed
Oh dear...
"We are obliged to point out to you that our auditors have put what is generally called a 'going concern' section in their opinion regarding our 2013 financial statements. That means that they have substantial doubt that we may not be able to continue as a going concern."
DecisionPoint Systems Reports Results for Fourth Quarter and Year Ended December 31, 2013
Decisionpoint Systems, Inc. (QB) (OTCBB:DPSI)
Intraday Stock Chart
Today : Monday 31 March 2014
Click Here for more Decisionpoint Systems, Inc. (QB) Charts.
IRVINE, Calif., March 31, 2014 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB: DPSI and OTCQB: DPSID), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, today reported financial results for the fourth quarter and year ended December 31, 2013.
Corporate and Financial Highlights of Fourth Quarter Ended December 31, 2013:
With the end of three earn-outs in the second half of 2013, we have eliminated redundancies and fully integrated recent acquisitions, resulting in expense reduction for 2014
Margin for professional services increased to over 31%
APEXWare™ for Apple iOS7 launched
Preferred D Stock Quoted for Trading on OTCQB under symbol DPSID
Debt service for 2014 reduced by $250,000 per quarter; total indebtedness reduction in 2013 of $2.1 million.
CEO Nicholas Toms commented, "Importantly, with the end of 2013 we have completed the integration and the earn-out provisions of our acquisitions of our Illume Mobile business, which was acquired as of July 31, 2012, as well as the acquisition of Apex Systems Integrators, Inc., which joined us as of June 4, 2012. We have been able to eliminate redundancies, streamline for better efficiency, and right-size our work force. This puts us in a position to be a much sturdier company in 2014. We anticipate that as we are currently structured, SG&A expense will decrease, margins will continue to increase, and our roster of blue-chip customers will grow.
"Thus the end of 2013 marked the end of a transition that began several years ago, and going forward we have brighter prospects and a much streamlined expense and overhead structure. Our revenues are climbing and margins are improving as well. Expense is dropping, and debt is getting reduced. It has been a long process to convert the 'old' DecisionPoint to the 'new' DecisionPoint, but we are just about there. The biggest reason our margins will improve, for instance, is the increasing portion of our revenues that originate from professional services and software – both of which are categories that produce better margins than our historic, hardware- and license-oriented lines of business.
"We are obliged to point out to you that our auditors have put what is generally called a 'going concern' section in their opinion regarding our 2013 financial statements. That means that they have substantial doubt that we may not be able to continue as a going concern.
"While there can be no assurance, management believes we have taken actions that will keep us not only a going concern, but growing on the top line and returning to profitability and positive cash flows. Although our internal plans indicate we will not need to obtain additional financing in 2014, there is a possibility that we may."
2013 Results
Revenues for the quarter ended December 31, 2013 were $14.6 million, compared to $17.4 million in the comparable quarter in 2012. We reported a net loss of $1.8 million in the quarter ended December 31, 2013, compared to a net loss of $1.3 million in the comparable quarter in 2012. Net loss attributable to common shareholders was $3.8 million in the quarter ended December 31, 2013, or $0.32 loss per share. That loss includes $2.0 million in non-cash dividends and imputed costs on preferred stock. Net loss attributable to common shareholders was $1.6 million in the quarter ended December 31, 2012, or $0.19 loss per share. The imputed preferred stock dividends in 2012 were $244,000.
Revenues for 2013 were $60.7 million, compared to $71.5 million in 2012. The drop is almost entirely due to lower hardware sales, which dropped from $48.5 million in 2012 to $38.0 million in 2013. Other than the sharp drop in relatively low-margin hardware sales, our professional services and software revenues were stable. Our revenue is booked largely at the end of each quarter, upon shipment. In the fourth quarter of 2013 one of our most important vendors delayed some end-of-quarter shipments to us. The shipments were received and were shipped out to our customers beginning in January, which will have the effect of moving some revenues from 2013 to 2014, spread out over the first and subsequent quarters as installation dates are re-set for customer convenience.
We reported a net loss of $5.2 million in the year ended 2013, compared to a net loss of $3.9 million in the year ended 2012. Net loss attributable to common shareholders was $7.8 million for the year ended 2013, or $0.80 loss per share. That loss includes $2.6 million in non-cash dividends and imputed costs on preferred stock. Net loss attributable to common shareholders was $4.8 million for the year ended 2012, or $0.61 loss per share. The imputed preferred stock dividends in 2012 were $954,000.
Our overall gross margin percentage remained at 21%, but importantly, the margin for professional services increased and for the year was just over 31%.
We incurred significant expense as we expanded our sales force in 2013 to bring our new flagship product line, APEXWare™, to the US market, but overall our SG&A was in line with 2012. We paid down debt by $2.1 million and we raised new financing on two occasions in 2013, most recently bringing in a net of $3.5 million in the fourth quarter. We intend to increase the ratio of common shares to preferred by encouraging the conversion to common of the two oldest preferred series (A and B). And we plan to do whatever is necessary to uplist to a national exchange during 2014 as our improved results come in.
Guidance
Given that this report is dated March 31, it is obvious that as this release is being written, we have a pretty good idea of the results that we can expect from the first quarter of 2014. We believe that for the first time in several quarters, we will have a quarter whose revenue is not only up sequentially, but up on a year-to-year basis. We are guiding to a revenue range of between $14.5 million and $15.5 million. We will report the first quarter results prior to May 15. We have no guidance beyond the first quarter as regards specific numbers, but we believe that revenues will be up on a year-to-year comparison for the full year, and most likely for each of the quarters. We will try to update that guidance as we have solid evidence of our progress.
We anticipate that our professional services and our software revenue will climb, both for the first quarter, and for the full year 2014. If that happens, we look forward to reporting increasing margins and sold progress toward cash-positive operations, followed by break-even operations on a GAAP basis, leading to profitability.
Mr Toms added, "There have been a couple of false starts during this transition. Those among us who have been entrepreneurs or turnaround managers know that is not unusual. We are fortunate to have a hard-working and very tough crew here at DecisionPoint, and we believe we have the right stuff to justify market enthusiasm that will enhance shareholder value during 2014."
Conference Call:
The Company's management team will host a conference call to discuss its results for fourth quarter and year ended December 31, 2013 today, at 11:00 am ET.
Participants should dial into the call ten minutes before the scheduled time using the following numbers: 1-877-300-8521 (USA) or +1-412-317-6026 (international) to access the call.
Audio Webcast:
There will also be a simultaneous live webcast through the Company's website, www.decisionpt.com and selecting the investor tab. Participants should register on the website approximately ten minutes prior to the start of the webcast.
Replay:
An audio replay of the conference call will be available for seven days and can be accessed by dialing 1-877-870-5176 (USA) or +1-858-384-5517 (international) and using passcode 10043407. For those unable to attend to the live webcast, it will be archived shortly following the event for 30 days in the Investors section of the Company's website.
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies.
For more information about DecisionPoint Systems, Inc., visit www.decisionpt.com.
Forward-Looking Statements
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
When are they announcing the next reverse split? It will be tough to get on the NASDAQ at $0.40.
DecisionPoint Systems Announces Date For The Release Of Year End 2013 Results, Conference Call And Webcast
Decisionpoint Systems, Inc. (QB) (OTCBB:DPSI)
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Today : Wednesday 26 March 2014
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IRVINE, Calif., March 26, 2014 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB:DPSI), a leading provider and integrator of Enterprise Mobility and Wireless, announced plans to release its results for the year ended December 31, 2013 before the market opens in New York on Monday, March 31, 2014. DPSI management will host a conference call to discuss the Company's financial results on the same day, at 11:00 am ET.
Conference Call:
Participants should dial into the call ten minutes before the scheduled time using the following numbers: 1-877-300-8521 (USA) or +1-412-317-6026 (international) to access the call.
Audio Webcast:
There will also be a simultaneous live webcast through the Company's website, www.decisionpt.com and selecting the investor tab. Participants should register on the website approximately ten minutes prior to the start of the webcast.
Replay:
An audio replay of the conference call will be available for seven days and can be accessed by dialing 1-877-870-5176 (USA) or +1-858-384-5517 (international) and using passcode 10043407.
For those unable to attend to the live webcast, it will be archived shortly following the event for 30 days in the Investors section of the Company's website.
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies.
For more information about DecisionPoint Systems, Inc., visit www.decisionpt.com.
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint Systems, Inc.
.36!!!!! Hahahahahahhahahahahaha
For someone who doesn't like a stock as much as you You sure spend a lot of time watching it.
This is shaping up to be worse than CYSG, which is quite an accomplishment.
Notice they're already late reporting earnings. Sound familiar?
70shares traded,well it's better than zero for sure..it must have been hard to sit on such a big losses for so long,feeling for bagholders here..
Blueberry with a bit of Vodka!~
Come on try it... it will change everything!!!
Oh yes, 30-45 days. Can't wait. Was the kool-aid grape or cherry?
Just confirmed that all the shares You own of decision point will be reversed by 10 to 1 and all the CYSG shares that YOU own are going to be reversed 1000 to 1 (just yours) as soon as reinstated in the next 30-45 days!!!
Can you confirm if his first order of business will be another reverse split or attempt to have this delisted a la CYSG?
DecisionPoint Systems Promotes Michael Roe to Chief Financial Officer
Decisionpoint Systems, Inc. (QB) (OTCBB:DPSI)
Intraday Stock Chart
Today : Monday 24 February 2014
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IRVINE, Calif., Feb. 24, 2014 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB:DPSI), a leading provider and integrator of Enterprise Mobility and Wireless, announced today that financial executive Michael Roe has been promoted to Chief Financial Officer, effective immediately.
Mr. Roe, 52, was formerly DecisionPoint's Senior Vice President-Finance and Chief Accounting Officer. He joined DecisionPoint in October 2012.
"Michael has effectively demonstrated his financial acumen, strategic decision-making and knowledge of Securities and Exchange Commission reporting," Toms said. "This is an important and exciting time for DecisionPoint as we continue to enhance our wireless, mobile enterprise systems integration business and expand our client base. We made important inroads throughout 2013 and we will leverage Michael's expertise as we continue to build our business in the modern mobile marketplace."
Before joining DecisionPoint, Michael worked as an independent financial consultant from 2011-2012. Prior to that, from 2006-2011, Michael was Chief Accounting Officer, Vice President-Finance for Aliso Viejo, CA-based Metagenics, a global designer, manufacturer and distributor of nutraceutical supplements. From 2004-2006, Michael was Chief Financial Officer for Irvine, CA-based Duncan Solutions, a manufacturer of technologies and services for municipalities. He also worked for QLogic Corp. and KPMG LLP.
Mr. Roe, a resident of San Clemente, CA, earned his Bachelor's Degree in accounting from Western Washington University. He is a licensed Certified Public Accountant and a member of the American Institute of Certified Public Accountants.
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies.
For more information about DecisionPoint Systems, Inc., visit www.decisionpt.com.
Forward-Looking Statements
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint Systems, Inc.
Copyright 2014 PR Newswire
Looking good here, it's amazing how Nic was able to take this from $3.20 after the last reverse split to $0.50.
I wonder if Captain Dilution plans to reverse split again or just find a way to de-dlist.
Modell's Sporting Goods Partners with DecisionPoint for Next Generation Store Wireless Systems
Decisionpoint Systems, Inc. (QB) (OTCBB:DPSI)
Intraday Stock Chart
Today : Monday 13 January 2014
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IRVINE, Calif., Jan. 13, 2014 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB:DPSI) today announced that Modell's Sporting Goods, America's oldest, family owned and operated retailer of sporting goods, athletic footwear, active apparel and fan gear, has contracted with DecisionPoint to outfit their next generation mobile computing and wireless infrastructure system for all its stores.
"Improving our real-time execution in our stores is a key initiative for 2014. Our mobile strategy requires that we improve wireless performance in our stores, and introduce a handheld solution best suited for customer engagement. I am pleased to say that the solution we selected fits both our near and long term strategies," says David Strobelt, Modell's SVP/CIO.
Mitchell Modell, Chief Executive Officer and Owner of Modell's Sporting Goods remarked, "DecisionPoint has been a valued partner for the past decade. I'm thrilled we are working together once again to deliver solutions that reinforce our commitment of providing a convenient and compelling shopping experience for the athlete and fan."
John Chis, SVP DecisionPoint commented, "More and more retailers are driving to improve the in-store customer experience. And state-of-the-art mobile and wireless systems are a key mechanism to do it. They put all the information into the hands of the store associates at the moment it is needed."
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies.
For more information on DecisionPoint Systems, visit www.decisionpt.com
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint Systems, Inc.
Copyright 2014 PR Newswire
DecisionPoint Systems Exhibits ContentSentral at NRF 2014
Decisionpoint Systems, Inc. (QB) (OTCBB:DPSI)
Intraday Stock Chart
Today : Tuesday 7 January 2014
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IRVINE, Calif., Jan. 7, 2014 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB: DPSI), a mobile solution provider, today announced that it will be exhibiting at NRF's 103rd Annual Convention & Expo in the Motorola Solutions Booth #1501. DecisionPoint Systems will demonstrate its ContentSentral application on Motorola Solutions' ET1, showing a cataloging and item location application. NRF 2014 will be held from Jan. 12-15, 2014 at the Jacob K. Javits Convention Center in New York, N.Y.
Greg Henry, SVP Software Services, DecisionPoint Systems
"As a longtime partner of Motorola and provider of mobile retail applications we are excited to be able to show our retail solutions at NRF."
For more information on the NRF Annual 2014 Convention & Expo, please visit: http://events.nrf.com/annual2014/Public/Content.aspx?ID=21708
SUPPORTING RESOURCES
Website: www.decisionpt.com
Website: Motorola Solutions NRF 2014
Website: Motorola Solutions Retail Solutions
Website: Motorola Solutions PartnerEmpower Program
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. empowers the mobile workforce to enhance customer satisfaction and accelerate business growth. They accomplish this by making enterprise software applications accessible to the front-line mobile worker anytime, anywhere. DecisionPoint combines its industry leading software products, application development capabilities, deployment and support services with the latest wireless, and mobile technologies
For more information on DecisionPoint Systems visit www.decisionpt.com
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint™ Systems, Inc.
Copyright 2014 PR Newswire
Who can blame him, he just left the Titanic.
DecisionPoint Systems Announces Departure Of COO Ralph Hubregsen
Decisionpoint Systems, Inc. (QB) (OTCBB:DPSI)
Intraday Stock Chart
Today : Friday 6 December 2013
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IRVINE, Calif., Dec. 6, 2013 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB: DPSI), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, announced that Ralph Hubregsen, who has served as Chief Operating Officer for the company since September 2011, has left the company.
DecisionPoint Chairman and CEO Nicholas R. Toms commented, "We wish to thank Ralph Hubregsen for his valuable contributions to our Company and, in particular, his work with the strategic acquisitions made in 2012. We would also like to take this opportunity to wish him well in his future endeavors."
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes the latest wireless, mobility, and RFID technologies.
For more information on DecisionPoint Systems visit www.decisionpt.com
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint Systems, Inc.
Copyright 2013 PR Newswire
Video update
http://video.foxbusiness.com/v/2866512214001
DecisionPoint Systems Announces The Appointment Of Robert Schroeder To Its Board Of Directors
Decisionpoint Systems, Inc. (QB) (OTCBB:DPSI)
Intraday Stock Chart
Today : Tuesday 19 November 2013
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IRVINE, Calif., Nov. 19, 2013 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB: DPSI), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, announces that it has appointed Robert Schroeder to its Board of Directors to fulfill a condition of the previously announced financing of $3.83 million of Series E Preferred Stock. Mr. Schroeder takes the seat held by former director Maydan Rothblum, who resigned earlier this year.
Mr. Schroeder has served as Vice President of Investment Banking of Taglich Brothers, Inc. since 1993 and specializes in advisory services and capital raising for small public and private companies. Prior to that, Mr. Schroeder served as a Senior Equity Analyst publishing sell-side research on publicly traded companies, and has served in various positions in the brokerage and public accounting industry. Mr. Schroeder received a B.S. degree in accounting and economics from New York University. He currently serves on the board of directors of Air Industries Group (a NYSE-listed company), a manufacturer of aerospace parts and assemblies, Globalwise Investments, Inc. (an OTCBB-listed company), a provider of cloud-based enterprise content management solutions, and privately held APR LLC, an automotive engineering firm providing performance aftermarket products and software.
Nicholas Toms, Chief Executive Officer of DecisionPoint, stated, "We welcome Rob to our board. He brings superb analytical skills and a wealth of experience from the financial markets which we believe will be extremely beneficial to the Company and its stockholders. We look forward to working with him."
Robert Schroeder stated, "I am very pleased to join DP's board and look forward to helping its future direction and performance."
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes the latest wireless, mobility, and RFID technologies.
For more information on DecisionPoint Systems visit www.decisionpt.com
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint Systems, Inc.
Copyright 2013 PR Newswire
DecisionPoint And Landis+Gyr Work Together On Software Tools To Enhance The Installation And Maintenance Of Smart Meters For ...
Decisionpoint Sys In (OTCBB:DPSI)
Intraday Stock Chart
Today : Monday 18 November 2013
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IRVINE, Calif., Nov. 18, 2013 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB: DPSI), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, announced that it has entered into a strategic partnership agreement with Landis+Gyr, the world's leading provider of smart grid and smart metering solutions.
Nicholas Toms, CEO of DecisionPoint commented, "We are very privileged and proud to be working with the world's market leader in advanced metering and smart grid solutions, and we consider it an important vote of confidence in our products and services."
The agreement is focused on software tools used by technicians to install, provision and troubleshoot advanced meters in the field. With millions of meters deployed globally, Landis+Gyr and its customers will benefit from improved toolsets that drive operational efficiency. This work will enable incorporation of the DecisionPoint market leading mobility APEXWare Field Service solution as an option for Landis+Gyr customers.
Tim Weidenbach, VP Product Management for Landis+Gyr, said, "We are pleased to be working with DecisionPoint. Their state-of-the-art mobility software functionality, proven track record of success in mobile solutions and their fast-growing customer base in utilities and related industries made them a natural choice."
About Landis+Gyr
Landis+Gyr is the leading global provider of integrated energy management products tailored to energy company needs and unique in its ability to deliver true end-to-end advanced metering solutions. Today, the Company offers the broadest portfolio of products and services in the electricity metering industry, and is paving the way for the next generation of smart grid. With annualized sales of more than US$1.6 billion, Landis+Gyr, an independent growth platform of the Toshiba Corporation (TKY: 6502) and 40% owned by the Innovation Network Corporation of Japan, operates in 30 countries across five continents, and employs 5,200 people with the sole mission of helping the world manage energy better.
More information is available at www.landisgyr.com
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes the latest wireless, mobility, and RFID technologies.
For more information on DecisionPoint Systems visit www.decisionpt.com
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint™ Systems, Inc.
Copyright 2013 PR Newswire
DecisionPoint Systems Reports Third Quarter Results For 2013
Decisionpoint Sys In (OTCBB:DPSI)
Intraday Stock Chart
Today : Friday 15 November 2013
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IRVINE, Calif., Nov. 14, 2013 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB: DPSI), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, today reported financial results for the third quarter and nine months ended September 30, 2013.
Corporate and Financial Highlights of the Third Quarter 2013
Revenue increased sequentially 19% to $17.6 million
EBITDA moved to a positive $466,000 from a loss of $383,000 in the second quarter, notwithstanding financing and restructuring expenses of $442,000
Principal under the Company's term loans in the aggregate amount of $534,000 was paid down in the third quarter
Business Highlights of the Third Quarter 2013
Significant new software orders received during the period
Significant new software contracts were booked in the quarter including from such major names as Johnson Controls, the U.S. Postal Service, Gulf Winds among others.
Nicholas Toms, CEO of DecisionPoint, commented, "Based on what we have seen to date in the third quarter, we expect sales to be robust, and margins to return to their prior levels in the fourth quarter and to continue to climb as in process software orders move to delivery and into our quarterly income statements. We have now added Android Operating Systems to the family of APEXWare software compatibility, which vastly expands the addressable market. We are at an inflection point in our development where, at long last, we will be maintaining both positive EBITDA on a regular basis, and net income on a GAAP bottom-line basis. We believe that as economic conditions continue to improve, our results will improve as well.
"We work with some of the biggest names in the industrial and commercial world, and the family of our clients continues to expand. U.S.P.S, Johnson Controls, Avis Rent a Car System, Wells Fargo, Goodwill Industries of Denver and Mission Linen Supply are just a few. We expect revenues for the fourth quarter ending December 31, 2013 to be up sequentially from the revenues reported for the third quarter," Mr. Toms added.
Third Quarter 2013 Results
Revenue was $17.6 million, a climb of about 19% from the second quarter of 2013, but a 5% drop from the comparable quarter of 2012, when revenue was $18.6 million.
Gross profit decreased by 450 basis points to 19.7% from 24.2% in the second quarter of 2013, and 250 points from 22.2% in the third quarter of 2012. The drop was largely attributed to the timing of revenue recognition related to in process software orders, to the timing of orders and shipments, with some orders anticipated for the third quarter slipping to the fourth quarter. We anticipate that as higher-margin software and service revenue continue to grow, margins will continue to return to this long-term increasing trend starting in the fourth quarter. The reported net loss, a little less than breakeven, at $167,000 was sharply down from $1.1 million in the second quarter of this year, vs. a loss of $1.0 million in the third quarter of 2012. On an EPS basis, the loss per share was $0.04, compared to $0.15 loss per share in the third quarter of 2012.
The operating loss was $0.2 million in this year's third quarter vs. $0.6 million in the third quarter of 2012, due primarily to improved margins and cost savings. EBITDA (a non-GAAP measurement that management uses to measure progress) for the third quarter of 2013 was positive $466,000, and a $849,000 positive swing from the second quarter of this year.
Although unit volumes were up, the drop in revenue compared with the same period last year was largely related to an increase in the number of consumer devices sold with much lower unit prices and a consequent decrease in the higher priced rugged devices sold.
Nine Months 2013 Results
Revenue was $46.1 million, down from $54.1 million in the first nine months of 2012, which included an increase of approximately $1.9 million in sales from the Apex and Illume acquisitions that were completed in mid-2012. 2012 benefited from a stronger recovery in the US economy than was seen in the earlier part of 2013. Lower-margin hardware sales declined by 21.9% for the period. Professional services increased slightly, up 0.8% for the nine months. Software revenues, with their higher margins, increased by 6.9% to $3.5 million. Gross margin remained steady year-over-year. SG&A expense increased modestly compared to 2012 due to the inclusion of Apex and Illume Mobile businesses.
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. empowers the mobile workforce to enhance customer satisfaction and accelerate business growth. They accomplish this by making enterprise software applications accessible to the front-line mobile worker anytime, anywhere. DecisionPoint combines its industry leading software products, application development capabilities, deployment and support services with the latest wireless, and mobile technologies.
For more information on DecisionPoint Systems visit www.decisionpt.com
Forward Looking Statements
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
I wouldn't even answer if he called me.
Call him yourself!!
More dilution. Did you ask Nic when he plans to reverse split again?
DecisionPoint Systems Announces Completion Of $3.8 Million Convertible Preferred Stock Financing
Decisionpoint Sys In (OTCBB:DPSI)
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Today : Friday 15 November 2013
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IRVINE, Calif., Nov. 15, 2013 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB: DPSI), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, announced that it has raised $3.83 million in gross proceeds from institutional and accredited investors through a private placement of 383,000 shares of 10 percent Series E convertible preferred stock, with a stated value of $10.00 per share. Each share of preferred stock may be converted into common stock at any time at the option of the holder. The current conversion price is $0.50 per common share, which means that each share of preferred stock may be converted into 20 shares of common stock. The conversion price is subject to adjustment in the event that additional shares of capital stock are issued at a price per share of less than $0.50 (subject to certain carve-outs and other adjustments). After deducting the placement agent's commission, the company received net proceeds of approximately $3.5 million.
The proceeds will be used for general corporate purposes.
As part of this transaction, Mr. Robert Schroeder, Vice President Investment Banking of Taglich Brothers, will join the Company's Board of Directors.
Taglich Brothers, Inc. served as the exclusive placement agent. For more details, please see the current report on Form 8-K to be filed by DecisionPoint Systems on or about November 18, 2013. The law firm of Sichenzia Ross Friedman Ference LLP (www.srff.com) represented DecisionPoint in the transaction.
"This financing will bolster our balance sheet and broaden our shareholder base to meet minimum standards for listing our common stock on a nationally recognized exchange, one of our strategic goals," said Nicholas Toms, Chief Executive Officer of DecisionPoint.
The securities sold by DecisionPoint in the private placement were not registered under the Securities Act of 1933, as amended (the "Securities Act"), and were sold in reliance upon exemptions from the registration requirements of the Securities Act pursuant to Regulation D promulgated under the Securities Act. Therefore, such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws. This press release does not constitute an offer to sell any securities or a solicitation of an offer to purchase any securities
About Taglich Brothers
Founded in 1991, Taglich Brothers, Inc. is a full service brokerage firm specializing in the microcap segment of the market for publicly traded securities. The firm has selected this unique niche for two reasons. First and foremost, the small cap market has historically outperformed the large cap market over the past 75 years. Second, this area of the market is virtually ignored by the larger institutions and other Wall Street firms because they cannot invest enough capital in each situation to justify the expense of investigating these companies.
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. empowers the mobile workforce to enhance customer satisfaction and accelerate business growth. They accomplish this by making enterprise software applications accessible to the front-line mobile worker anytime, anywhere. DecisionPoint combines its industry leading software products, application development capabilities, deployment and support services with the latest wireless, and mobile technologies.
For more information on DecisionPoint Systems visit www.decisionpt.com
Forward Looking Statements
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Company Contacts:
DecisionPoint
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Taglich Brothers, Inc.
Robert Schroeder
www.taglich.com
(212) 661-6886
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint Systems, Inc.
Copyright 2013 PR Newswire
DecisionPoint Systems Preferred D Stock Quoted for Trading on OTCQB
Decisionpoint Sys In (OTCBB:DPSI)
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Today : Thursday 14 November 2013
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IRVINE, Calif., Nov. 14, 2013 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB: DPSI), a leading provider and integrator of Enterprise Mobility and Wireless Applications and RFID solutions, announced that its Series D Preferred Stock, which was placed with accredited investors in December 2012, is now being quoted on the OTCQB under the ticker symbol "DPSIP." The shares were sold for $10.00 each in the original placement, which brought in to the company approximately $7 million. The chief use of proceeds was to redeem a previous issue of preferred stock, which had been called Series C Preferred Stock, and which has now been completely repurchased and retired.
The Series D Preferred Stock entitles the holder to cumulative dividends, payable quarterly, at an annual rate of 8% for cash dividends and 12% if the dividends had been paid in stock, of the original $10.00 valuation for three years from December 20, 2012, and to a cash dividend of 12% of the original $10.00 valuation after three years. The dividends can be paid in cash or in shares at the election of the Company. The Series D Preferred Stock can be converted to common stock. There were 704,200 shares issued, and all dividends to date have been paid in cash.
A registration statement covering the Series D Preferred Stock and the Common Stock underlying the Series D Preferred Stock was declared effective July 30, 2013.
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes the latest wireless, mobility, and RFID technologies.
For more information on DecisionPoint Systems visit www.decisionpt.com
Forward Looking Statements
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint Systems, Inc.
Yes it's great if your buying:)
Did Nic tell you when he plans to reverse split this again?
Do you think it's good news that this can't get above $0.50?
He blessed me with common sense, which as it turns out, isn't that common.
Your post is marked, let us know how much your delisted shares are worth when that new ticker goes live in 2020.
WRONG.... May God bless you!!!
You seem to be confusing "trading again under another ticker" with "my worthless shares in delisted CYSG will be worth something".
You realize whatever money you had in CYSG is gone, right?
So when that other Co. is trading we will not see you on that board promoting it and when this is thriving you will still be Debby Downer?!?!?
Mark this post because I will!!!
Only to warn the poor souls who are thinking about giving Nic Toms their hard earned money. It's clear now what his thoughts are about common shareholders.
Then I guess I will not see you on this board again???
Too late, we've already seen and there's nothing good about it, unless losing money is good.
HA ha.. you will see! All is GOOD!!
DecisionPoint Systems Announces APEXWare for Apple iOS7
Decisionpoint Sys In (OTCBB:DPSI)
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Today : Wednesday 30 October 2013
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IRVINE, Calif., Oct. 30, 2013 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCBB: DPSI), a leading provider and integrator of Enterprise Mobility and Wireless Applications and RFID solutions, today announced Apple iOS7® mobile operating system support for its popular APEXWare™ Field Service software product. APEXWare is a robust mobile-centric field service application that increases field service productivity, improves first-time fix rates, and maximizes parts availability.
DecisionPoint's APEXWare full enterprise-class field service is available on the world's most popular tablet, the iPad. The iOS7 operating system is now fully integrated with APEXWare Field Service dispatch and desktop app and integrates with virtually any back-office system using LiveLink, DecisionPoint's powerful integration platform.
"We are very excited to extend mobile support to the new Apple iOS7, considered by many to be the most advanced form of the world's most advanced mobile operating system," said Tom Barber, Vice President and General Manager, DecisionPoint System's Enterprise Solutions Group. "The new system was designed to be simpler, more useful and more enjoyable to use, which is the kind of experience we offer as well. Our goal is to offer the most robust services to our customers, particularly field service technicians who are working closely with their clients."
APEXWare business functions available on the iPad include work order management, parts tracking, alerts, location services and time tracking.
SUPPORTING RESOURCES
Website: www.apex-ware.com/field-service
About APEXWare
APEXWare™ Field Service is part of the APEXWare™ family of mobile-centric software applications from DecisionPoint Systems including Merchandising Sales Delivery, and Warehouse Management System. Each can be connected to the other and also connected to existing back-office systems with LiveLink™, a powerful integration platform.
For more information on APEXWare™ visit www.apex-ware.com
About DecisionPoint Systems
DecisionPoint™ Systems, Inc. improves productivity and delivers operational advantages to its clients by helping them move their business decision points closer to their customers. They accomplish this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and software development technologies.
For more information on DecisionPoint Systems visit www.decisionpt.com
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint Systems, Inc.
It's hard to think of a CEO that has done more damage to shareholders than Toms in the last 5 years.
Between the CYSG disaster and now this collapse from dilution with DPSI, he's headed straight to the crook hall of fame.
I do still have a position.
Well that maybe that fair value
Dare are You still holding on to your massive losses or are you bailing out with the rest of peeps?
Looking really good. Maybe Toms can get this below .01 before 2014.
DecisionPoint Systems Announces Quarterly Cash Dividend on Series D Preferred Shares
Decisionpoint Sys In (OTCBB:DPSI)
Intraday Stock Chart
Today : Saturday 5 October 2013
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IRVINE, Calif., Oct. 4, 2013 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCBB: DPSI), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, announced that its Board of Directors has approved the payment of a quarterly cash dividend of eight percent of the stated value of the Company's Series D Preferred Stock from July 1, 2013 through September 30, 2013. The total stated value of the Series D Preferred Stock is $7,042,000. The dividend will be paid on or about October 15, 2013 to the Series D Preferred Stockholders of record as of September 30, 2013.
About DecisionPoint™ Systems, Inc.
DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes the latest wireless, mobility, and RFID technologies.
For more information on DecisionPoint Systems visit www.decisionpt.com
Forward Looking Statements
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPoint™ Systems, Inc.
You should be more concerned that you had "all that" volume and the price dropped. You know what that means, right?
Kind of strange How we went from all Of that volume and now none.
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DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to our clients by helping them move their business decision points closer to their customers.
We do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies.
This is our entire business and we are experts at it. We have a 30-year track record helping our clients make what is possible in mobile computing, practical and reliable.
DecisionPoint has the complete range of offerings needed to make this happen. Business process and mobile solution consulting. Technology implementation and support. Hardware and software and consumables.
DNPI = newly public....huge deals with Coca-cola, US Air Force, Celgene, Scientific Games, Motorola, Petco, Nordstrom, Pfizer. They do RFID Mobile Computing for jumbo-sized companies.
http://www.youtube.com/watch?v=yFDkogPQmgo
http://pinksheets.com/edgar/GetFilingHtml?FilingID=6718829
CEO Nicholas Toms 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:
http://findarticles.com/p/articles/mi_qa3755/is_199705/ai_n8765568/
"DecisionPoint Recognized by Motorola as Top 10 North American Wireless LAN Partner"
"DecisionPoint has been a Motorola PartnerSelect Business Partner since 2003 and was named Motorola PartnerSelect Business Partner of the Year in 2007"
http://finance.yahoo.com/news/DecisionPoint-Recognized-by-iw-2681894867.html?x=0&.v=1
CEO Nicholas Toms formed DNPI just 3 years ago. $53 million 2008 revenues with $1 million in operating income.
"""Southeastern Container turns to Motorola and decisionpoint systems for RFID asset tracking
Expected to Deliver thousands of dollars in annual savings""""
http://www.motorola.com/staticfiles/Business/Solutions/Industry%20Solutions/RFID%20Solutions/Documents/Static%20Flies/Southeastern%20Container%20Case%20Study%20-%20Asset%20Tracking.pdf?localeId=33
DNPI RECENT PRS:
http://www.decisionpt.com/news.php
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