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)
Annual | Quarterly

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,6422,5871,6166411,103
Cash and cash equivalents7,6422,5871,6166411,103
Receivables17,08512,30211,49710,69212,489
Inventory, net of allowances, customer advances and progress billings4,4172,1112,0351,533811
Inventory4,4172,1112,0351,533811
Prepaid expense 123 81188✕
Deferred costs2,7291,9983,1773,8093,955
Prepaid expense and other current assets✕✕✕✕✕302
Other undisclosed current assets276336214948
Total current assets:32,27219,33418,42716,91218,708
Noncurrent Assets
Operating lease, right-of-use asset2,681329✕✕✕
Property, plant and equipment1,817834145136179
Intangible assets, net (including goodwill)15,03011,69210,24712,30214,594
Goodwill10,4998,1288,2028,3958,571
Intangible assets, net (excluding goodwill)4,5313,5642,0453,9076,023
Deferred costs2,8681,4921,3141,8072,124
Deferred income tax assets 8481,999✕✕✕
Other noncurrent assets4150124165✕
Prepaid expense and other noncurrent assets✕✕✕✕✕205
Total noncurrent assets:23,28516,39611,83014,41017,102
TOTAL ASSETS:55,55735,73030,25731,32235,810
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19,90712,84414,94512,84414,268
Interest and dividends payable✕✕ 16  
Taxes payable✕✕36639694293
Employee-related liabilities✕✕2,1821,778  
Accounts payable19,75510,27310,0009,77411,080
Accrued liabilities 152232,7552,9762,895
Deferred revenue6,0214,599✕✕✕
Debt1491525,811(1,086)(1,800)
Deferred revenue and credits✕✕✕6,9187,4817,409
Due to related parties✕  73771
Customer advances and deposits✕✕✕131✕✕
Other undisclosed current liabilities5,588757(1,508)7,4717,923
Total current liabilities:31,66518,35226,37026,78727,801
Noncurrent Liabilities
Long-term debt and lease obligation1432291,5801,9612,922
Long-term debt, excluding current maturities1431461,5801,9612,922
Liabilities, other than long-term debt2,8363812,5363,2984,041
Deferred revenue and credits✕✕✕2,0152,4812,883
Deferred revenue  ✕✕✕
Deferred tax liabilities, net✕✕✕4607401,078
Deferred income tax liabilities  ✕✕✕
Other liabilities130381617780
Operating lease, liability2,70683✕✕✕
Other undisclosed noncurrent liabilities4,3312,510684149159
Total noncurrent liabilities:7,3103,1204,8005,4087,122
Total liabilities:38,97521,47231,17032,19534,923
Equity
Equity, attributable to parent16,58214,258(913)(873)887
Preferred stock   12,82212,1937,370
Common stock7713139
Treasury stock, value   (205)(205)(205)
Additional paid in capital38,42939,21617,25217,23116,132
Accumulated other comprehensive income (loss)   (19)(1)22
Accumulated deficit(21,854)(24,965)(30,292)(29,475)(21,674)
Unearned esop shares   (484)(629)(767)
Total equity:16,58214,258(913)(873)887
TOTAL LIABILITIES AND EQUITY:55,55735,73030,25731,32235,810

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2014
12/31/2013
12/31/2012
Revenues97,41565,94364,54660,69271,501
Revenue, net✕✕✕64,54660,69271,501
Cost of revenue(74,320)(50,639)(50,372)(47,965)(55,949)
Cost of goods and services sold  (50,372)(47,965)(55,949)
Gross profit:23,09515,30414,17412,72715,552
Operating expenses(18,648)(14,906)(14,996)(18,566)(18,836)
Other undisclosed operating income   1,7511,048175
Operating income (loss):4,447398929(4,791)(3,109)
Nonoperating income (expense)  602(626)(882)
Other nonoperating income  1937116
Interest and debt expense(56)1,132867(959)(998)
Income (loss) from continuing operations before equity method investments, income taxes:4,3911,5302,398(6,376)(4,989)
Other undisclosed income (loss) from continuing operations before income taxes(15) (2,071)959998
Income (loss) from continuing operations before income taxes:4,3761,530327(5,417)(3,991)
Income tax expense (benefit)(1,265)(116)197199125
Income (loss) from continuing operations:3,1111,414524(5,218)(3,866)
Income (loss) before gain (loss) on sale of properties:✕✕1,414524(5,218)(3,866)
Net income (loss) attributable to parent:3,1111,414524(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:3,1111,414(817)(7,801)(4,820)
Dilutive securities, effect on basic earnings per share     
Net income (loss) available to common stockholders, diluted:3,1111,414(817)(7,801)(4,820)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2014
12/31/2013
12/31/2012
Net income (loss):3,1111,414524(5,218)(3,866)
Comprehensive income (loss):3,1111,414524(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:3,1111,414506(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.

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