DecisionPoint Q4 revenue up 25% to $30.5M, GAAP net loss $0.3M; FY revenue up 19%

DecisionPoint Systems, Inc.

2024-Q1 EPS reported -$0.11 revenue$25,618,000

Q4 revenue $30.5M (+24.8% YoY); software & services revenue surged 208% to $14.4M.
Full-year revenue $115.6M (+18.7%); GAAP net income $2.5M ($0.32 EPS), down 20.1% YoY.
Non-GAAP net income $3.6M ($0.47 EPS), down 11.4%; adjusted EBITDA $8.9M, up 12.9%.
Reduced acquisition-related debt by $6.2M; cash $4.3M vs $7.6M prior year.
Investing in services/software for 2024 growth; expects higher-margin recurring revenue in 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DecisionPoint Systems, Inc. reported Q4 2023 (three months ended December 31, 2023) results: revenue $30.5 million, net income -$0.3 million, EPS -$0.03.

Period: Q4 2023 (three months ended December 31, 2023)
Revenue: $30.5 million
Net income: -$0.3 million
EPS: -$0.03
Result: reported results

Exact text from the filing

Fourth Quarter Highlights (2023 versus 2022) ● Revenue increased 24.8% to $30.5 million; ● Gross Profit increased 18.7% to $7.5 million; Gross Margin decreased 130 basis points to 24.6%; ● GAAP Operating Income increased 3.7% to $0.7 million; ● GAAP Net Loss and diluted Loss per Share (EPS) of ($0.3) million and ($0.03), respectively;

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DecisionPoint Systems, Inc. reported FY 2023 (year ended December 31, 2023) results: revenue $115.6 million, net income $2.5 million, EPS $0.32.

Period: FY 2023 (year ended December 31, 2023)
Revenue: $115.6 million
Net income: $2.5 million
EPS: $0.32
Result: reported results

Exact text from the filing

Full Year 2023 Highlights (versus 2022) ● Revenue increased 18.7% to $115.6 million; ● Gross Profit increased 24.8% to $28.8 million; Gross Margin increased 120 basis points to 24.9%; ● GAAP Operating Income increased 7.4% to $4.8 million; ● GAAP Net Income and diluted EPS decreased 20.1% and 21.3% to $2.5 million and $0.32, respectively;

View on SEC.gov

324 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001213900-24-028231

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.