Welcome to our dedicated page for DIRECT COMM SOLUTIONS news (Ticker: $DCSX), a resource for investors and traders seeking the latest updates and insights on DIRECT COMM SOLUTIONS stock.
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Direct Communication Solutions, Inc. (OTCQX: DCSX) announces its year-end financial results for 2023, highlighting operational efficiency, cost savings, recurring revenue growth, profitability, margin expansion, and SaaS sales channel expansion. The company achieved a milestone in growing its recurring revenue subscriber base, increased gross margins, and diversified its SaaS sales channels. Video telematics contributed significantly to revenue growth. Despite an EBITDA loss in 2023, CEO Chris Bursey remains optimistic about the company's performance and strategic direction for future growth.
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Direct Communication Solutions, Inc. (DCSX) announces the resignation of key directors and an officer to pursue other business interests. The company aims to focus on transitioning to a Software-as-a-Service (SaaS) model for higher shareholder value and success.
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Direct Communication Solutions, Inc. (DCSX) has entered into a strategic licensing and reseller agreement with System Loco Ltd to expand advanced IoT supply chain visibility and intelligence technology solutions to the North American market. The global supply chain market is projected to reach $45.2 billion by 2027, with a CAGR of 11%-12%. Inadequate supply chain visibility causes substantial losses for companies, including pharmaceutical and food and beverage companies, with challenges such as product damage, temperature excursions, delays, lost inventory, and compliance issues. DCS CEO emphasized the need for addressing inefficiencies and losses in the global supply chain, and the partnership with System Loco is expected to leverage DCS's extensive carrier network and expand System Loco's global market share in North America.
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Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0), a leading provider of information technology solutions for the Internet of Things (IoT) market, announced the successful passage of resolutions at the 2023 Annual General Meeting of the Stockholders, reflecting continued shareholder support. The company's CEO, Chris Bursey, will provide updates on 2023 achievements and an outlook for 2024 on December 22, 2023. Additionally, Director David Diamond has resigned from the board.
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Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) is a leading provider of information technology solutions for the Internet of Things (IoT) market. The company has been recognized for its outstanding performance in growing its subscriber base in the telematics market in North America, ranking #7 in the region. Direct Communication Solutions will participate in the Wialon Global Telematics Conference in Vilnius, Lithuania, to showcase their expertise and contribute to the industry's future. CEO Chris Bursey expressed gratitude for the recognition and looks forward to the conference. The company also announced its upcoming Annual General Meeting on Monday, December 11, 2023, in San Diego, California.
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Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0) announces posting of Interim Financial Statements for the nine months ended September 30, 2023, showing a 39% revenue decrease from 2022. Key partnerships and agreements with CATrak Technologies, Inc., Epson, Alsco Uniforms, VisionTrack, and Teltonika. Gross margin for 2023 was 32%, with negative EBITDA of $1.79 million (U.S.). CEO Chris Bursey emphasizes commitment to sustainability and strategic planning, deferring stock exchange listing update to the following year.
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Direct Communication Solutions, Inc. (DCS) has entered into a strategic agreement with CATrak Technologies, Inc. to offer its Catalytic Converter Theft Prevention solution. Catalytic converter theft is on the rise in North America, with over 64,000 thefts in the US in 2022. Catalytic converters contain valuable rare earth metals and replacing a stolen converter can cost between $1,000 to $3,500 or more. State Farm Insurance paid out over $112 million in converter theft claims in 2022.
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Direct Communication Solutions (DCS) announces its Interim Financial Statements for the six months ended June 30, 2023. Key highlights include successful collaborations, strategic partnerships, transition to SaaS, and strong Q2 revenues. However, the company reported a decrease in revenues and gross profit compared to the previous year.
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DIRECT COMM SOLUTIONS INC
OTC:DCSX
DCSX Rankings
DCSX Stock Data
1.53M
1.27M
45.4%
Business to Business Electronic Markets
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United States of America
San Diego