Welcome to our dedicated page for Decisionpoint news (Ticker: DPSI), a resource for investors and traders seeking the latest updates and insights on Decisionpoint stock.
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Decision Point Systems (OTCQB:DPSI) will present live at VirtualInvestorConferences.com on April 15 at 2:30 PM ET. The company focuses on delivering mobility-first managed services and integration solutions to enhance productivity and reduce risks for businesses. Recent highlights include a 44% revenue increase and tripled net income year-over-year in 2020. Investors can participate live or access the archived webcast. Pre-registration is recommended for ease of participation.
DecisionPoint Systems reported a strong financial performance for the fourth quarter and full year of 2020. Fourth quarter sales reached $18.3 million, a 50.7% increase from 2019, with net income at $0.6 million, a rise of 8.3%. For the full year, sales hit $63.4 million, up 44.4%, and net income soared to $2.9 million, equating to $0.18 per diluted share. EBITDA for 2020 rose 92.9% to $5.1 million. The company completed an acquisition to enhance growth and maintain a strong balance sheet with $18.4 million in cash and receivables.