Decisionpoint Systems, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2011; Provides Revenue Guidance for the Year 2012
March 29, 2012 at 08:00 am EDT
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Decisionpoint Systems, Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company's revenue was $15.9 million, compared to $15.5 million in the same period a year ago and $16.4 million in the third quarter ended September 30, 2011. Revenue increased 3.8% year-over-year due to the contribution of CMAC, which was acquired on December 31, 2010. Operating income in the quarter was $0.23 million, compared to operating income of $1.1 million in the same period a year ago and operating income of $0.2 million in the quarter ended September 30, 2011. EBITDA in the quarter was approximately $0.49 million compared to $1.3 million in the same period a year ago and $0.44 million in the third quarter of 2011. Income before income taxes was $0.14 million compared with loss before income taxes of $0.02 million a year ago. Net loss attributable to common shareholders was $0.15 million or $0.02 per basic and diluted share compared with $0.05 million or $0.01 per basic and diluted share a year ago.
For the year, the company's revenue was $58.4 million, compared to $56.2 million in the year ago period. Net loss attributable to common shareholders for the year was $5.7 million, or $0.94 per basic and diluted share, compared to a net loss of $2.3 million, or $0.66 per basic and diluted share, in the same period a year ago. Operating loss was $1.6 million compared with operating income of $1.2 million a year ago. Loss before income taxes was $5.1 million compared with $2.1 million a year ago.
The company expects revenue to increase by over 25% in 2012 compared to 2011.
DecisionPoint Systems, Inc. is a mobility-first enterprise services and solutions company. The Company delivers mobility-first managed services, in-store retail solutions centered around point-of-sale technologies, deployment, integration and support services to retail, supply chain, hospitality, healthcare and other verticals. It also provides a comprehensive managed services portfolio that includes consulting, integration, project management, software development, deployment, and life cycle management services. Those services include configuration, repair services, help desks, and implementation services desks, helping its enterprise customers operationalize their mobile investments. It also provides deployment and installation services into the retail POS marketplace. Its ViziTrace Platform provides its customers with the ability to integrate radio frequency identification (RFID) technologies into existing workflows, making them efficient and effective in the marketplace.
Decisionpoint Systems, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2011; Provides Revenue Guidance for the Year 2012