Direct Communication Solutions, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 22, 2022 at 04:15 pm EDT
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Direct Communication Solutions, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 5.8 million compared to USD 3.71 million a year ago. Net income was USD 0.117248 million compared to net loss of USD 0.771062 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 0.35 a year ago.
For the six months, revenue was USD 13.6 million compared to USD 8.02 million a year ago. Net income was USD 0.747368 million compared to net loss of USD 0.96805 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to basic loss per share from continuing operations of USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to diluted loss per share from continuing operations of USD 0.42 a year ago.
Direct Communication Solutions, Inc. is a technology solutions integrator focusing on connecting to the Internet of Things (IoT). The Companyâs software applications and scalable cloud services collect and assess business-critical data from all types of assets. The Companyâs software-as-a-service (SaaS) solutions include MiFleet, which provides fleet and vehicle SaaS telematics; MiSensors, which provides machine-to-machine device management and service enablement for wireless sensors; and MiFailover, which provides high-speed wireless Internet failover to small and medium-sized businesses as a redundancy solution to continue to run their business in the event the Internet is not available. In addition, the Company has deployed MiConnectivity to provide wireless data connectivity for global connectivity through its fully integrated SIM management platform and MiServices to provide managed services solution that includes an all-inclusive device readiness program and engineering support.
DIRECT COMMUNICATION SOLUTIONS, INC. 
