Direct Communication Solutions Announces Interim Financial Statements for Q1 2024
Direct Communication Solutions Announces Interim Financial Statements for Q1 2024
San Diego, California--(Newsfile Corp. - May 30, 2024) - Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) ("DCS" or the "Company"), a leading provider of information technology solutions for the Internet of Things (IoT) market, is pleased to announce it has posted its Interim Financial Statements for the first quarter ended March 31, 2024, and the corresponding Management Discussion & Analysis on SEDAR+.
加利福尼亚州圣地亚哥--(Newsfile Corp.-2024年5月30日)--直接通信解决方案公司(OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0)是物联网(IoT)市场领先的信息技术解决方案提供商,高兴地宣布已经发布了2017年第1季度截至2024年3月31日的中期财务报表以及相应的管理讨论与分析报告。
Significant Highlights
重要亮点
The following highlights and developments are for the first quarter ended March 31, 2024:
以下是2017年第一季度截至2024年3月31日的重点亮点和发展:
Continuing the transition to a SaaS Solutions provider focusing on high margin recurring revenue. Recurring SaaS revenues increased 13% and gross margins increased 5.1% from the same period as last year.
Continuing aggressive cost cutting initiatives to reduce overall expenses and focus on delivering high margin recurring revenues. Reduced general and administrative expenses $1,087,655 for the three months ended March 31, 2024, compared to the same period in 2023.
Entered into a strategic licensing and reseller agreement with System Loco Ltd for supply chain solutions and CATrack Technologies for catalytic converter theft prevention. Both strategic agreements complement the DCS IoT Solutions portfolio and expect to generate future recurring SaaS revenues.
继续转型为侧重高利润循环营收的SaaS解决方案提供商。同比去年同期,SaaS循环收入增长13%,毛利润增长5.1%。
持续采取积极的成本削减措施,减少总体开支和专注于提供高利润的循环性营收。与2023年同期相比,三个月的总和管理员费用减少了1,087,655美元。
与System Loco Ltd和CATrack Technologies签署了战略许可和经销商协议,供应链解决方案和催化剂转化器盗窃预防。这两项战略协议与DCS IoT Solutions组合互补,预计将产生未来的循环SaaS收入。
CEO of Direct Communication Solutions, Chris Bursey, reports strong Q1 2024 increase in recurring SaaS revenues and continued growth from our SaaS subscriber base, as highlighted by the subsequent information:
直接通信解决方案公司的首席执行官Chris Bursey在提供下列信息时报告了循环SaaS收入的强劲增长和SaaS订阅用户的持续增长:
Direct Communication Solutions Inc. had first-quarter 2024 revenues of $1.88 million (U.S.) versus $3.19 million (U.S.) in Q1 2023, representing a decrease of 41 percent year over year. The decrease in revenue was primarily attributed to restructuring the company to focus on high margin recurring SaaS revenue, versus lower margin, one-time hardware sales.
直接通信解决方案公司2024年第一季度收入为188万美元,较2023年第一季度的319万美元下降41%。营收下降主要归因于对公司进行重组,专注于高利润的循环SaaS收入,而不是低利润的一次性硬件销售。
Q1 2024 gross profit was $657k (U.S.) versus $951k (U.S.) in Q1 2023, representing a 31-per-cent decrease. Q1 2024 gross margin was 34.9% versus 29.8% in Q1 2023, an increase of 5.1%. The Q1 2024 net loss ended March 31, 2024, was reported at $501k (U.S.) versus a net loss of $1.2 million (U.S.) in Q1 2023. Q1 2024 adjusted EBITDA was ($481k) (U.S.) versus ($901k) in Q1 2023, representing a 46-percent improvement.
2024年第一季度的毛利润为657k美元,较2023年第一季度的951k美元下降了31%。2024年第一季度的毛利率为34.9%,较2023年第一季度的29.8%增加了5.1%。2024年第一季度净亏损报告于2024年3月31日,为净亏损501k美元,而2023年第一季度净亏损为120万美元。2024年第一季度调整后的EBITDA为(481k)美元,而2023年第一季度调整后的EBITDA为(901k),增长46%。
"In Q1 2024, the Direct Communication team continued to focus and execute our strategy of providing IoT solutions that generate recurring revenue with higher margins. We are executing this transition, which we believe will bring maximum value to our shareholders. Management has secured some key wins, with several large customers, demonstrating our ability to execute." Chris Bursey also commented, "We have added a significant number of new SaaS subscribers in Q1 2024 and have a strong backlog of new subscribers that will add to our recurring SaaS revenues. We are significantly reducing operating costs and increasing recurring revenues by delivering unique and customizable IoT solutions that will continue our future growth."
“在2024年第一季度,直接通信团队继续专注并执行我们的策略,提供能够产生高利润循环收入的IoT解决方案。我们正在执行这一转型,我们相信这将为股东带来最大的价值。管理层已经取得了一些重要的胜利,与几个大客户合作,证明了我们的执行能力。”Chris Bursey还评论道:“我们在2024年第一季度吸引了大量新的SaaS订阅用户,并有强大的新订阅用户积压订单,这将增加我们的循环SaaS收入。我们通过提供独特和可定制的IoT解决方案显著减少运营成本,并增加循环收入,这将继续推动我们未来的增长。”
The conversion rate is $1 (U.S.) to $1.32 (Canadian).
美元兑加元的汇率为1:1.32。
We seek Safe Harbor.
我们正在寻求安全港。
About Direct Communication Services Inc.
关于直接通信服务公司
DCSI is a technology solutions integrator focusing on connecting the Internet of Things. We provide real solutions that solve real problems. Our software applications and scalable cloud services collect and assess business-critical data from all types of assets. DCSI is headquartered in San Diego, California and is publicly traded on the OTCQX ("DCSX"), Canadian Securities Exchange ("DCSI") and Frankfurt Stock Exchange ("7QU0"). For more information, visit . DCSI and the DCSI logo are among the trademarks of DCSI in the United States. Any other trademarks or trade names mentioned are the property of their respective owners.
DCSI是一个专注于连接物联网的技术解决方案集成商。我们提供解决实际问题的真正解决方案。我们的软件应用程序和可扩展的云服务从各种资产中收集和评估业务关键数据。DCSI总部位于加利福尼亚州圣迭戈,是OTCQX(“DCSX”),加拿大证券交易所(“DCSI”)和法兰克福证券交易所(“7QU0”)上市的公司。有关更多信息,请访问 www.directcommsol.com。DCSI和DCSI徽标是DCSI在美国的商标之一。其他任何商标或商业名称的提及均为其各自所有者的财产。
Contacts
联系方式
Chris Bursey, CEO
cbursey@dcsbusiness.com
858-525-2483
首席执行官Chris Bursey
cbursey@dcsbusiness.com
858-525-2483
Forward-Looking Statements
前瞻性声明
This release contains forward-looking statements reflecting management's current views of future events and operations. These statements are based on current expectations and assumptions, subject to risks and uncertainties that could cause results to differ materially. DCS believes that these potential risks and uncertainties include, without limitation: the ongoing COVID-19 pandemic, the Company's dependence on third-party manufacturers, suppliers, technologies, and infrastructure; risks related to intellectual property; industry risks, including competition, online security, government regulation, and global economic conditions; and the Company's financial position and need for additional funding. Statements in this release should be evaluated in light of these factors. These risk factors and other important factors that could affect our business and financial results are discussed in our Management's Discussion and Analysis, periodic reports, and other public filings available on SEDAR+ at and posted with the OTC Disclosure and News Service. DCS undertakes no duty to update or revise any forward-looking statements.
本新闻发布包含反映管理层对未来事件和运营的当前观点的前瞻性声明,这些声明基于当前的期望和假设,受到可能导致结果出现重大差异的风险和不确定性的影响。DCS认为,这些潜在的风险和不确定性包括但不限于:持续存在的COVID-19大流行,公司对第三方制造商,供应商,技术和基础设施的依赖性,知识产权相关风险,包括竞争,网络安全,政府监管和全球经济情况;公司的财务状况和对额外资金的需求。在这些因素的背景下,本发布中的声明应被评估。这些风险因素和其他可能影响我们业务和财务结果的重要因素在我们的管理层讨论和分析,定期报告和其他公开文件中进行了讨论,并在SEDAR+等公开文件和OTC披露及新闻服务中发布。DCS没有义务更新或修正任何前瞻性声明。
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
加拿大证券交易所及其监管服务提供商(如该术语在加拿大证券交易所的政策中定义)均不承担对本公告之充分性或准确性的责任。