Direct Communication Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 16, 2023 at 09:00 am EST
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Direct Communication Solutions, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 3.42 million compared to USD 4.69 million a year ago. Net loss was USD 1.13 million compared to USD 1.07 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to USD 0.46 a year ago. Diluted loss per share from continuing operations was USD 0.49 compared to USD 0.46 a year ago.
For the nine months, revenue was USD 11.21 million compared to USD 18.29 million a year ago. Net loss was USD 3.47 million compared to USD 0.370246 million a year ago. Basic loss per share from continuing operations was USD 1.51 compared to USD 0.16 a year ago. Diluted loss per share from continuing operations was USD 1.51 compared to USD 0.16 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.