Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $7.50
Time Horizon: 12 Months
Rating Established: July 28, 2021
Price When Established: $2.10
Most Recent Report: April 12, 2022
Price When Issued: $3.77
DecisionPoint Systems Announces 1Q22 Results
On May 16, 2022, DecisionPoint Systems, Inc. (OTC: DPSI) announced financial results for its first quarter ended March 31, 2022.
For 1Q22, sales increased 22.7% to $19.7 million from $16.1 million in 1Q21. Net income was $0.9 million or $0.11 per share versus net income of $1.3 million or $0.17 per share in 1Q21.
We projected 1Q22 sales of $18 million and net income of $0.4 million or $0.05 per share.
DecisionPoint to Uplist to NYSE American
On May 3, 2022, DecisionPoint Systems, Inc. (OTC: DPSI) announced it has been approved by the NYSE American Stock Exchange to list its shares under its current symbol DPSI The company expects to commence trading on the NYSE American on May 5, 2022.
DecisionPoint Systems, headquartered in Irvine CA, is a provider and integrator of mobility and wireless systems for business organizations. The company designs, deploys and supports mobile computing systems that enable customers to access employers’ data networks at various locations (i.e. the retail selling floor, warehouse and distribution centers or on the road deliveries). DecisionPoint also integrates data capture equipment including bar code scanners and radio frequency identification (RFID) readers.