DecisionPoint Systems Inc. (DPSI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1615 SOUTH CONGRESS AVENUE DELRAY BEACH, FL 33445 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,300 | 7,642 | 2,587 | 1,616 | 641 | 1,103 | |||
| Cash and cash equivalents | 4,300 | 7,642 | 2,587 | 1,616 | 641 | 1,103 | |||
| Receivables | 23,768 | 17,085 | 12,302 | 11,497 | 10,692 | 12,489 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,133 | 4,417 | 2,111 | 2,035 | 1,533 | 811 | |||
| Inventory | 2,133 | 4,417 | 2,111 | 2,035 | 1,533 | 811 | |||
| Prepaid expense | 123 | 81 | 188 | ✕ | |||||
| Deferred costs | 3,826 | 2,729 | 1,998 | 3,177 | 3,809 | 3,955 | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 302 | ||
| Other undisclosed current assets | 630 | 276 | 336 | 21 | 49 | 48 | |||
| Total current assets: | 34,657 | 32,272 | 19,334 | 18,427 | 16,912 | 18,708 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,392 | 2,681 | 329 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 2,973 | 1,817 | 834 | 145 | 136 | 179 | |||
| Intangible assets, net (including goodwill) | 29,896 | 15,030 | 11,692 | 10,247 | 12,302 | 14,594 | |||
| Goodwill | 22,081 | 10,499 | 8,128 | 8,202 | 8,395 | 8,571 | |||
| Intangible assets, net (excluding goodwill) | 7,815 | 4,531 | 3,564 | 2,045 | 3,907 | 6,023 | |||
| Deferred costs | 3,689 | 2,868 | 1,492 | 1,314 | 1,807 | 2,124 | |||
| Deferred income tax assets | 1,161 | 848 | 1,999 | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 172 | 41 | 50 | 124 | 165 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 205 | ||
| Total noncurrent assets: | 41,283 | 23,285 | 16,396 | 11,830 | 14,410 | 17,102 | |||
| TOTAL ASSETS: | 75,940 | 55,557 | 35,730 | 30,257 | 31,322 | 35,810 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 21,696 | 19,907 | 12,844 | 14,945 | 12,844 | 14,268 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 16 | |||||
| Taxes payable | ✕ | ✕ | ✕ | 366 | 396 | 94 | 293 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 2,182 | 1,778 | ||||
| Accounts payable | 16,857 | 19,755 | 10,273 | 10,000 | 9,774 | 11,080 | |||
| Accrued liabilities | 4,839 | 152 | 23 | 2,755 | 2,976 | 2,895 | |||
| Deferred revenue | 8,066 | 6,021 | 4,599 | ✕ | ✕ | ✕ | |||
| Debt | 1,003 | 149 | 152 | 5,811 | (1,086) | (1,800) | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 6,918 | 7,481 | 7,409 | ||
| Due to related parties | ✕ | ✕ | 73 | 77 | 1 | ||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 131 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 7,971 | 5,588 | 757 | (1,508) | 7,471 | 7,923 | |||
| Total current liabilities: | 38,736 | 31,665 | 18,352 | 26,370 | 26,787 | 27,801 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,639 | 143 | 229 | 1,580 | 1,961 | 2,922 | |||
| Long-term debt, excluding current maturities | 3,639 | 143 | 146 | 1,580 | 1,961 | 2,922 | |||
| Liabilities, other than long-term debt | 8,406 | 2,836 | 381 | 2,536 | 3,298 | 4,041 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2,015 | 2,481 | 2,883 | ||
| Deferred revenue | 5,307 | ✕ | ✕ | ✕ | |||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 460 | 740 | 1,078 | ||
| Other liabilities | 6 | 130 | 381 | 61 | 77 | 80 | |||
| Operating lease, liability | 3,093 | 2,706 | 83 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 5,616 | 4,331 | 2,510 | 684 | 149 | 159 | |||
| Total noncurrent liabilities: | 17,661 | 7,310 | 3,120 | 4,800 | 5,408 | 7,122 | |||
| Total liabilities: | 56,397 | 38,975 | 21,472 | 31,170 | 32,195 | 34,923 | |||
| Equity | |||||||||
| Equity, attributable to parent | 19,543 | 16,582 | 14,258 | (913) | (873) | 887 | |||
| Preferred stock | 12,822 | 12,193 | 7,370 | ||||||
| Common stock | 8 | 7 | 7 | 13 | 13 | 9 | |||
| Treasury stock, value | (205) | (205) | (205) | ||||||
| Additional paid in capital | 38,902 | 38,429 | 39,216 | 17,252 | 17,231 | 16,132 | |||
| Accumulated other comprehensive income (loss) | (19) | (1) | 22 | ||||||
| Accumulated deficit | (19,367) | (21,854) | (24,965) | (30,292) | (29,475) | (21,674) | |||
| Unearned esop shares | (484) | (629) | (767) | ||||||
| Total equity: | 19,543 | 16,582 | 14,258 | (913) | (873) | 887 | |||
| TOTAL LIABILITIES AND EQUITY: | 75,940 | 55,557 | 35,730 | 30,257 | 31,322 | 35,810 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 115,594 | 97,415 | 65,943 | 64,546 | 60,692 | 71,501 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 64,546 | 60,692 | 71,501 | |
| Gain on disposition of assets for financial service operations | 17,500 | 8,300 | ✕ | ✕ | ✕ | |||
| Cost of revenue | (86,769) | (74,320) | (50,639) | (50,372) | (47,965) | (55,949) | ||
| Cost of goods and services sold | (359) | (50,372) | (47,965) | (55,949) | ||||
| Gross profit: | 28,825 | 23,095 | 15,304 | 14,174 | 12,727 | 15,552 | ||
| Operating expenses | (24,050) | (18,648) | (14,906) | (14,996) | (18,566) | (18,836) | ||
| Other undisclosed operating income | 1,751 | 1,048 | 175 | |||||
| Operating income (loss): | 4,775 | 4,447 | 398 | 929 | (4,791) | (3,109) | ||
| Nonoperating income (expense) | 602 | (626) | (882) | |||||
| Other nonoperating income | 19 | 37 | 116 | |||||
| Interest and debt expense | (1,156) | (56) | 1,132 | 867 | (959) | (998) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 3,619 | 4,391 | 1,530 | 2,398 | (6,376) | (4,989) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (15) | (2,071) | 959 | 998 | ||||
| Income (loss) from continuing operations before income taxes: | 3,619 | 4,376 | 1,530 | 327 | (5,417) | (3,991) | ||
| Income tax expense (benefit) | (1,132) | (1,265) | (116) | 197 | 199 | 125 | ||
| Income (loss) from continuing operations: | 2,487 | 3,111 | 1,414 | 524 | (5,218) | (3,866) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 1,414 | 524 | (5,218) | (3,866) | |
| Net income (loss) attributable to parent: | 2,487 | 3,111 | 1,414 | 524 | (5,218) | (3,866) | ||
| Preferred stock dividends and other adjustments | (108) | (108) | (954) | |||||
| Other undisclosed net loss available to common stockholders, basic | (1,233) | (2,475) | ||||||
| Net income (loss) available to common stockholders, basic: | 2,487 | 3,111 | 1,414 | (817) | (7,801) | (4,820) | ||
| Dilutive securities, effect on basic earnings per share | 124 | |||||||
| Net income (loss) available to common stockholders, diluted: | 2,611 | 3,111 | 1,414 | (817) | (7,801) | (4,820) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,487 | 3,111 | 1,414 | 524 | (5,218) | (3,866) | ||
| Comprehensive income (loss): | 2,487 | 3,111 | 1,414 | 524 | (5,218) | (3,866) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (18) | (23) | 22 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,487 | 3,111 | 1,414 | 506 | (5,241) | (3,844) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.