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Stock impact report

DecisionPoint Systems Announces First Quarter 2024 Results [Yahoo! Finance]

DecisionPoint Systems, Inc. (DPSI) 
NASDAQ:AMEX Investor Relations: ir.stockpr.com/decisionpt
Company Research Source: Yahoo! Finance
leading provider of retail in-store solutions and services centered on Point-of-Sale systems, today announced first quarter 2024 financial results for the period ended March 31, 2024. Steve Smith, chief executive officer of DecisionPoint Systems, commented: "Our first quarter results were impacted by the absence of any large project business on the hardware solutions side of the business. However, our gross margin improved with the mix shift towards services and software. We also reduced our debt by over $1.6 million and increased cash by $1.5 million. "With our continued focus on services, our investments in 2023 are already starting to pay off, and we anticipate our Mobile Managed Services strategy will drive sales of our newer offerings throughout this year. During the first quarter, we continued to build out this part of the business by introducing PointCare services, which include existing and new services. This offering served as the foundation for an early win, as we secure Show less Read more
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