DECISIONPOINT SYSTEMS, INC.
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Report Link: Updated Research Report (Dated 06/16/2015)
Analyst: John Nobile
Taglich Rating: Neutral
Price Target: NA
Time Horizon: NA
Rating Established: February 14, 2013
Price When Established: $1.00
Most Recent Report: June 16, 2015
Price When Issued: $0.23
DecisionPoint Systems Reports 2Q15 Results
On August 24, 2015, DecisionPoint Systems, Inc. (OTC QB: DPSI) reported results for its second quarter ended June 30, 2015.
For 2Q15, the company reported that sales decreased 28% to $9.4 million. DecisionPoint reported a net loss of $3.9 million or ($0.31) per share versus a net loss of $354,000 or $(0.03) per share in 2Q14. 2Q15 results included a $3 million or ($0.24) per share goodwill and intangible asset impairment charge. Excluding the extraordinary charge, the net loss would have been $808,000 or ($0.06) per share.
Taglich Brothers projected 2Q15 sales of $13 million and a net loss of $747,000 or ($0.06) per share.
DecisionPoint Divests of CMAC
On July 8, 2015, DecisionPoint Systems, Inc. (OTC QB: DPSI) announced the disposition of its wholly owned subsidiary, CMAC Inc., based in Alpharetta, GA, effective June 30, 2015. The purchase price was $650,000, which the buyers (Bryan E. Moss and Bryon M. Allen) paid by the assumption of accrued liabilities and accounts payable of CMAC Inc. DecisionPoint anticipates writing off approximately $1.1 million in goodwill and intangible assets relating to CMAC in 2Q15.
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 ReportsUpdated 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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