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Direct Communication Solutions Announces Interim Financial Statements for Q1 2024

Direct Communication Solutions Announces Interim Financial Statements for Q1 2024

直接通信解決方案公佈2024年第一季度中期財務報表
newsfile ·  05/31 09:13

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+.

加利福尼亞州聖地亞哥--(Newsfile Corp.-2024年5月30日)--直接通信解決方案公司(OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0)是物聯網(IoT)市場領先的信息技術解決方案提供商,高興地宣佈已經發布了2017年第1季度截至2024年3月31日的中期財務報表以及相應的管理討論與分析報告。

Significant Highlights

重要亮點

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日的重點亮點和發展:

  • 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.

  • 繼續轉型爲側重高利潤循環營收的SaaS解決方案提供商。同比去年同期,SaaS循環收入增長13%,毛利潤增長5.1%。

  • 持續採取積極的成本削減措施,減少總體開支和專注於提供高利潤的循環性營收。與2023年同期相比,三個月的總和管理員費用減少了1,087,655美元。

  • 與System Loco Ltd和CATrack Technologies簽署了戰略許可和經銷商協議,供應鏈解決方案和催化劑轉化器盜竊預防。這兩項戰略協議與DCS IoT Solutions組合互補,預計將產生未來的循環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:

直接通信解決方案公司的首席執行官Chris Bursey在提供下列信息時報告了循環SaaS收入的強勁增長和SaaS訂閱用戶的持續增長:

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.

直接通信解決方案公司2024年第一季度收入爲188萬美元,較2023年第一季度的319萬美元下降41%。營收下降主要歸因於對公司進行重組,專注於高利潤的循環SaaS收入,而不是低利潤的一次性硬件銷售。

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年第一季度的毛利潤爲657k美元,較2023年第一季度的951k美元下降了31%。2024年第一季度的毛利率爲34.9%,較2023年第一季度的29.8%增加了5.1%。2024年第一季度淨虧損報告於2024年3月31日,爲淨虧損501k美元,而2023年第一季度淨虧損爲120萬美元。2024年第一季度調整後的EBITDA爲(481k)美元,而2023年第一季度調整後的EBITDA爲(901k),增長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,直接通信團隊繼續專注並執行我們的策略,提供能夠產生高利潤循環收入的IoT解決方案。我們正在執行這一轉型,我們相信這將爲股東帶來最大的價值。管理層已經取得了一些重要的勝利,與幾個大客戶合作,證明了我們的執行能力。”Chris Bursey還評論道:“我們在2024年第一季度吸引了大量新的SaaS訂閱用戶,並有強大的新訂閱用戶積壓訂單,這將增加我們的循環SaaS收入。我們通過提供獨特和可定製的IoT解決方案顯著減少運營成本,並增加循環收入,這將繼續推動我們未來的增長。”

The conversion rate is $1 (U.S.) to $1.32 (Canadian).

美元兌加元的匯率爲1:1.32。

We seek Safe Harbor.

我們正在尋求安全港。

About Direct Communication Services Inc.

關於直接通信服務公司

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是一個專注於連接物聯網的技術解決方案集成商。我們提供解決實際問題的真正解決方案。我們的軟件應用程序和可擴展的雲服務從各種資產中收集和評估業務關鍵數據。DCSI總部位於加利福尼亞州聖迭戈,是OTCQX(“DCSX”),加拿大證券交易所(“DCSI”)和法蘭克福證券交易所(“7QU0”)上市的公司。有關更多信息,請訪問 www.directcommsol.com。DCSI和DCSI徽標是DCSI在美國的商標之一。其他任何商標或商業名稱的提及均爲其各自所有者的財產。

Contacts

聯繫方式

Chris Bursey, CEO
cbursey@dcsbusiness.com
858-525-2483

首席執行官Chris Bursey
cbursey@dcsbusiness.com
858-525-2483

Forward-Looking Statements

前瞻性聲明

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.

本新聞發佈包含反映管理層對未來事件和運營的當前觀點的前瞻性聲明,這些聲明基於當前的期望和假設,受到可能導致結果出現重大差異的風險和不確定性的影響。DCS認爲,這些潛在的風險和不確定性包括但不限於:持續存在的COVID-19大流行,公司對第三方製造商,供應商,技術和基礎設施的依賴性,知識產權相關風險,包括競爭,網絡安全,政府監管和全球經濟情況;公司的財務狀況和對額外資金的需求。在這些因素的背景下,本發佈中的聲明應被評估。這些風險因素和其他可能影響我們業務和財務結果的重要因素在我們的管理層討論和分析,定期報告和其他公開文件中進行了討論,並在SEDAR+等公開文件和OTC披露及新聞服務中發佈。DCS沒有義務更新或修正任何前瞻性聲明。

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.

加拿大證券交易所及其監管服務提供商(如該術語在加拿大證券交易所的政策中定義)均不承擔對本公告之充分性或準確性的責任。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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