DECISIONPOINT SYSTEMS, INC.
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Report Link: Research Note Released (Dated 04/05/2017)
Analyst: John Nobile
Taglich Rating: Not Rated
Price Target: NA
Time Horizon: NA
Rating Established: April 5, 2017
Price When Established: $4.50
Most Recent Report: April 5, 2017
Price When Issued: $4.50
DecisionPoint Systems Announces 1Q21 Results
On May 17, 2021, DecisionPoint Systems, Inc. (OTC: DPSI) announced financial results for its first quarter ended March 31, 2021.
For 1Q21, sales decreased 12.1% to $16.1 million from $18.3 million in 1Q20. Net income increased 29.5% to $1.3 million or $0.08 per share from $1 million or $0.07 per share in 1Q20. The increase in net income in 1Q21 was due to recognition of a gain on extinguishment of debt of $1.2 million or $0.08 per share.
DecisionPoint Systems Begins Trading on OTCQX Market
On February 22, 2021, DecisionPoint Systems, Inc. (OTCQX: DPSI) announced it qualified to trade on the OTCQX® Best Market. DecisionPoint begins trading on Monday February 22, 2021 on OTCQX under the symbol DPSI.
DecisionPoint Systems Acquires ExtenData Solutions, LLC
On December 8, 2020, DecisionPoint Systems, Inc. (OTC: DPSI) announced the acquisition of ExtenData Solutions, LLC, a privately held company with corporate headquarters in Centennial, CO.
This acquisition will allow DecisionPoint to better serve its customers, deepen its expertise in manufacturing, transportation and logistics, and hospitality, and provide a stronger regional presence across the Rocky Mountain and Southwest regions of the United States.
In 2019, ExtenData generated approximately $13 million in net sales according to its audited financial statements. The acquisition brings additional expertise to DecisionPoint's mobile and wireless offerings to include ExtenData's MobileConductor delivery management software platform. This broader service offering opens the door to SaaS-based subscription revenue opportunities for DecisionPoint in the future.
Founded nearly 20 years ago, ExtenData is a provider of enterprise mobility solutions. ExtenData will continue to operate under that name as a wholly-owned subsidiary of DecisionPoint Systems, Inc.
DecisionPoint Systems Acquires Royce Digital Systems
On June 15, 2018, DecisionPoint Systems, Inc. (OTC: DPSI) announced it acquired Royce Digital Systems, a privately held company with corporate headquarters in Irvine, CA.
Royce is a Value-Added Reseller (VAR) and Systems Integrator providing IT solutions, patient identification, mobility, mission critical printing solutions, deployment services and on-site maintenance to the healthcare industry.
The acquisition is intended to add expertise to DecisionPoint’s mobile and wireless offerings to include Royce’s expertise in printers, consumables and infectious control offerings, opening the door to subscription-based recurring services revenue opportunities for the future.
DecisionPoint plans to fully integrate Royce into its organization over the upcoming months.
DecisionPoint Systems Adds Two Sales Leaders
On January 12, 2018, DecisionPoint Systems, Inc. (OTC: DPSI) announced that Angelo Rosati and Doug Bachrach have joined the company’s sales leadership team as Senior Account Executives. In addition, Danny Yapaola and Mike Heffernan PMP have also joined DecisionPoint and will bring their 25+ years of technical expertise and project management support to Angelo, Doug and their east coast customers.
Angelo and Doug were most recently at another industry reseller, but prior to that, both leaders spent over a decade at DecisionPoint and are extremely familiar with the company, its product offerings and its customer base.
It is expected that the addition of these sales leaders and technical and project support personnel will enable the company to further expand its position in retail and other vertical markets.
DecisionPoint Systems is a provider and integrator of business mobility and wireless systems. The company designs, deploys and supports mobile computing and wireless systems that enable customers to access enterprise data at various locations (i.e. the retail selling floor, warehouse loading dock or on the road making deliveries).
Company ReportsResearch Note Released (Dated April 5, 2017)
Research Note Released (Dated December 15, 2016)
Updated Research Report (Dated December 4, 2015)
Updated Research Report (Dated October 1, 2015)
Updated Research Report (Dated June 16, 2015)
Updated Research Report (Dated April 17, 2015)
Updated Research Report (Dated December 3, 2014)
Updated Research Report (Dated June 19, 2014)
Updated Research Report (Dated April 14, 2014)
Updated Research Report (Dated December 20, 2013)
Updated Research Report (Dated June 7, 2013)
Updated Research Report (Dated April 26, 2013)
Initial Research Report (Dated February 14, 2013)
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