STOCKS TELEGRAPH

Tag: DSS Stock

  • DSS Inc (DSS) stock lost 6.54% in the pre-market. Here’s why

    The stock of DSS Inc (DSS) closed the recent trading session at $0.56, gaining 47.24% from the previous trading session. On the last check, the stock lost 6.54% in the pre-market, to $0.53. DSS Inc issued a letter to its investors on February 28, 2022.

    DSS is a global organization working in blockchain security, marketing, medical care, land, banking, loaning, and finance. Its plan of action depends on a circulation framework in which investors get the shares in its auxiliaries. With a market cap of $45.14 million, the company has 79.75 million shares pending. The headquarter of DSS is in Victor, New York, United States of America (USA).

    DSS News

    On 28 February 2022, DSS issued a letter to its investors. The letter states that the energetic work of their devoted team has prompted critical value creation and has put them in a strong direction for sped-up development. The company said that in only two years, they added eight business lines. They also developed resources for more than $219 million, including $69 million for cash. Through three fruitful public offerings, the company raised total returns of more than $121 million.

    One of DSS’s subsidiaries, American Pacific Bancorp Inc (ABP) lent almost $26 million since September 2021 and has gathered a broadened arrangement of solid credit quality. APB’s portfolio incorporates legislative securities, C&I stock, and land advancement credits. DSS invested $40 million in ABP during the Q3 of FY21, which has been very fruitful. This investment drove the advancement of their business pay model in a greater number of ways.

    DSS also declared that Impact BioMedical, the foundation of their bio-health group, advanced on various fronts in 2021. They expect to report the first license deal soon. The direct selling of the company expanded by $170 million with high benefits due to the shift to in-home shopping and the development of the gig economy.

    The CEO of DSS, Frank D. Heuszel, commented that simulated by advancement, industry needs, and acquisitions, they are centered around and prepared to enable the brands. He further added that they remain dedicated to wealth creation and accept that they have established an essential framework for future growth.

  • Document Security Systems, Inc. (DSS) declined in the current market; here is why?

    The stock of Document Security Systems, Inc. (DSS) declined in the current market after the company announced its common stock issue for purchase to Alset EHome International, Inc. (AEI). DSS values at around $0.37, losing more than 9.84% from the previously closed value. At the end of the previous trading session, the stock closed at $0.41. The stock traded volume in the last trading session was around 909.08K shares.

    Reason for the stock decline

    As part of the deal, Document Security Systems agreed to issue up to 44,619,423 shares of common stock to Alset EHome International, Inc. (AEI) for a purchase price of $0.3810 per share. According to the NYSE American, LLC regulations and laws, the Company’s shareholders will have to give their consent before any new shares are issued.

    Alset EHome International, the firm’s principal stakeholder, has shown high confidence in the enterprise, according to the company. Due to the additional strength that our balance sheet has gained as a result of this newest cash infusion, we will be able to quickly capitalize on the plethora of possibilities across our different business lines.

    A previous couple of years has seen us work relentlessly to lay the groundwork for long-term wealth generation for our stockholders. According to the corporation, this approach is now entering its second phase, which will exploit this base to enhance revenue growth and eventually push bottom-line success.

    The effect on the stock

    The deal will result in some equity purchase of DSS by Alset EHome International, Inc. (AEI). Its stock might increase after the deal if the net proceedings gained from the deal are used correctly by Document Security Systems.

    Conclusion

    Document Security Systems, Inc. (DSS) stock is currently less than $1. To continue, they must value more than $1.00 per share. That is why they might have offered the common stock purchase agreement to AEI to use the net proceedings as working capital.

  • Document Security Systems, Inc. (DSS) Stock Leaping Forward in Early Trading. Here’s why.

    Document Security Systems, Inc. (DSS) is a leading global company. It is focused on businesses related to blockchain security, consumer packaging, renewable energy, digital assets security, fund management, and banking.

    The price of DSS stock during the regular trading on January 20, 2022, was last checked to be $0.56 with a surge of 2.34%.

    DSS: Events and Happenings

    On January 19, 2022, DSS reported about its entry into a stock acquisition contract with Alset EHome International Inc. The AEI is the shareholder of DSS and owns 15.24% of its outstanding common stock shares. AEI sold the 877,248,065 ordinary shares for a price of 59,979,582 shares of the DSS’ common stock. After the completion of the deal, AEI will become the majority shareholder by owning 55.52% of its outstanding shares of common stock.

    On January 11, 2022, DSS reported about its latest project of the development of Bio-plastics or plastics made from microbes. These plastics are manufactured to make everyday use items, virus-resistant and non-harmful to the planet.

    On January 10, 2022, DSS reported about one of its subsidiaries was engaged in digital assets and custody law practice in relation to the company’s alternative trading system. The company launched a novel marketplace for trading online assets based on equity securities.

    On December 20, 2021, DSS reported about one of its subsidiaries had issued approximately $20 million in loans since September 2021. On December 07, 2021, DSS reported that the company’s Executives presented at the Emerging Growth Conference. The conference was held on December 8, 2021.

    DSS: Key Financials

    On November 18, 2021, DSS reported its financial results for the quarter ended September 30, 2021. Some of the key updates are as follows.

    Revenue

    Revenue for the quarter in 2021 was $3.41 million compared to the same period of 2020 when it was $2.97 million.

    Net Income/Loss per Share

    Basic and diluted net loss for the quarter in 2021 was $6.6 million or $0.09 per share compared to Q3 2020 when net income per share was $4.9 million or $1.16 (basic) and $0.68 (diluted).

    Conclusion

    DSS stock is down by 62% from the past six months due to recession economic conditions because of pandemics. The company’s stock advanced forward in the recent early trading. The main reason for the surge as reported by the analysts is the company’s entry into a stock acquisition agreement.

  • Document Security Systems, Inc [DSS] In a Bullish Breakout after Strong Q3 Results

    Document Security Systems, Inc [DSS] In a Bullish Breakout after Strong Q3 Results

    Document Security Systems, Inc [NYSE:DSS] is in a breakout at the moment and could see its value rise in the near-term.  The company that is focused on brand protection technology, direct marketing, healthcare, real estate, blockchain security, and securitized digital assets yesterday announced its financial results for the third quarter 2020, ended September 30.

    Among the highlights of these results included the company’s revenue growing 59% to $4.2 million up from $2.6 million in the same quarter last year. The printed segments grew by 40%, from $2.1 million in 2019 to $3.0 million in the same quarter.

    Direct marketing revenue recorded an increase of $715,000, indicating the company’s strength of venturing into the direct marketing industry. The highlight of this report was the company’s net income that recorded a massive growth up from a net loss of about $1.2 million from continuing operations to approximately $5.4 million in 2020, in the third quarter of the two respective years. The cost of operations also increased in 2020 to $6.6 million, up from $3.8 million.

    The increase was as a result of an increase in the costs of professional and consultation fees, administrative and marketing expenses as well as sales costs. Particularly, marketing for the direct marketing business segment took a significant chunk of those expenses.

    Despite that, equity stockholders recorded a massive growth up by 496% to a massive $73.3 million from $12.3 million as of December 31, 2019.

    Some of the business highlights that sparked the massive growth were the complete acquisition of Impact BioMedical, two separate offerings that so the balance sheet strengthened with $11.6 million in cash, published results of a successful COVID-19 treatment, with prophylactic cell protection that prevents infection by the virus, signed an agreement with global personal protective equipment exporter that will see the company’s AuthentGuard as a Service popularised and also launched the save AGaaS app on the App store. Other ventures include the testing of COVID-19 vaccine efficacy and began a research collaboration with Impact BioMedical that will see the company develop microbial-resistant plastics.

    DSS Chief Executive Officer, Frank Heuszel in a statement expressed his excitement saying that the quarter was truly transformational with investors getting $1.20 in net profit per share from continuing operations and the shareholder equity growing five-fold to $73.3 million.

    He further noted the company’s move to further strengthen the company’s business and further grows shareholders’ equity and profits after DSS completed the move to acquire Impact BioMedical and declaring a special share dividend. He noted that with such forward-looking collaborations and partnerships, the company is set to further grow its business in the coming quarters.