New York, NY / ACCESSWIRE / April 15, 2014 / SeeThruEquity, a leading New York City based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued a quarterly update on DecisionPoint Systems, Inc. (OTCQB: DPSI) (“DPSI”) for fiscal Q4 2013 and FY 2013.
“We continue to view DPSI as an emerging provider and integrator of enterprise systems and software services targeting the fast-growing market for mobile data. Our price target remains $1.67,” commented Ajay Tandon, CEO of SeeThruEquity.
Highlights of the quarter and year are as follows:
- 4Q13 and 2013 reported revenues were $14.6mn and $60.7mn, respectively. These results were down 15.7% and 15.1% compared with 4Q12 and 2012. The reduction came almost entirely from reduced hardware sales.
- Gross profit margin was 21% for 2013, essentially flat with 21.8% in 2012. DPSI’s margins for professional services were 31%, and we expect this mix to improve for the company throughout 2014E.
- DPSI guided to 1Q14E revenue of $14.5-15.5mn and significantly reduced SG&A expense for 2014E, as it has successfully completed the integration of the acquisitions it made in 2012.
The report is available at: DPSI Quarterly Update Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack’s.
Please review important disclosures on our website at http://www.seethruequity.com/.
About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson Reuters One (First Call), CapitalIQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit http://www.seethruequity.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 all the latest wireless, mobility, and RFID technologies.
For more information about DecisionPoint Systems, Inc., visit http://www.decisionpt.com/.
Contact:
Ajay Tandon
SeeThruEquity
(646) 495-0939
Source: SeeThruEquity