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Last $0.28 USD
Change Today -0.015 / -5.17%
Volume 29.0K
As of 4:15 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

document security systems (DSS) Snapshot

Open
$0.27
Previous Close
$0.29
Day High
$0.28
Day Low
$0.25
52 Week High
07/10/14 - $1.49
52 Week Low
05/8/15 - $0.21
Market Cap
12.7M
Average Volume 10 Days
81.3K
EPS TTM
$-0.38
Shares Outstanding
46.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DOCUMENT SECURITY SYSTEMS (DSS)

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document security systems (DSS) Details

Document Security Systems, Inc., through its subsidiaries, develops, manufactures, markets, and sells paper and plastic products to protect information from unauthorized scanning, copying, and digital imaging in the United States and internationally. The company’s DSS Packaging and Printing Group segment produces custom paperboard packaging products for pharmaceutical, beverage, photo packaging, toy, specialty foods, direct marketing, and other industries; and provides secure and commercial printing services for end-user customers. This segment also offers security papers, vital records, prescription papers, birth certificates, receipts, manuals, identification materials, entertainment tickets, secure coupons, parts tracking forms, brochures, direct mailing pieces, catalogs, business cards, etc. Its DSS Plastics Group segment manufactures laminated and surface printed cards comprising magnetic stripes, bar codes, holograms, signature panels, invisible ink, micro fine printing, guilloche patterns, biometric, radio frequency identification, and watermarks for printed plastic documents, such as ID cards, event badges, and driver’s licenses. The company’s DSS Digital Group segment provides data center centric solutions to businesses and governments through the cloud. This segment also develops, markets, and sells digital information services, including data hosting, disaster recovery, and data back-up and security services. Its DSS Technology Management segment acquires or internally develops patented technology or intellectual property assets. Document Security Systems, Inc. markets its anti-counterfeiting products and technologies under the AuthentiGuard brand name. The company was formerly known as New Sky Communications, Inc. and changed its name to Document Security Systems, Inc. in July 1992. Document Security Systems, Inc. was founded in 1984 and is headquartered in Rochester, New York.

111 Employees
Last Reported Date: 03/30/15
Founded in 1984

document security systems (DSS) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $420.0K
President and Director
Total Annual Compensation: $297.3K
Chief Financial Officer and Treasurer
Total Annual Compensation: $150.0K
Chief Operating Officer and Director
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

document security systems (DSS) Key Developments

Document Security Systems, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Document Security Systems, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $3,430,000 against $3,628,000 a year ago. Operating loss was $1,544,000 against $2,958,000 a year ago. Loss before income taxes was $1,641,000 against $3,050,000 a year ago. Net loss was $1,647,000 or $0.04 per basic and diluted share against $3,055,000 or $0.07 per basic and diluted share a year ago. Net cash used by operating activities was $528,941 against $488,086 a year ago. Purchase of property, plant and equipment was $27,791 against $134,373 a year ago. Adjusted LBITDA was $869,000 against $1,082,000 a year ago. The 46% decrease in net loss was the result of the improvement in results due to the reductions in costs of nearly every expense category that more than offset the decrease in revenue incurred during quarter.

Document Security Systems, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment for the Fourth Quarter of 2014

Document Security Systems, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s total revenue was $4,812,000 against $5,154,000 for the same period last year. Operating loss was $27,623,000,000 against $2,583,000 for the same period last year. Loss before income taxes was $27,688,000 against $2,553,000 for the same period last year. Net loss was $27,689,000 or $0.66 per basic and diluted share against $800,000 or $0.02 per basic and diluted share for the same period last year. The increased net loss was primarily due to the $25.3 million net impairment charge recognized in the fourth quarter of 2014 along with the impact of a $1.8 million deferred tax benefit recognized in the fourth quarter of 2013. Adjusted LBITDA was $737,000 against $846,000 for the same period last year. The improvement reflected the benefit of cost control initiatives made by the Company that reduced compensation costs and professional fees.   For the year, the company’s total revenue was $18,287,000 against $17,453,000 for the same period last year. Operating loss was $46,477,000 against $8,154,000 for the same period last year. Loss before income taxes was $46,846,000 against $8,355,000 for the same period last year. Net loss was $41,157,000 or $0.98 per basic and diluted share against profit of $2,594,000 or $0.08 per basic and diluted share for the same period last year. The variance was primarily due to the $32.4 million of net impairment charges recognized in 2014 along with the impact of deferred tax benefits of 10.9 million recognized in 2013. Net cash used by operating activities was $2,390,238 against $3,649,239 for the same period last year. Purchase of equipment and building improvements was $280,902 against $378,587 for the same period last year. Purchase of intangible assets was $1,243,714 against $2,593,495 for the same period last year. Adjusted LBITDA was $2,813,000 against $1,982,000 for the same period last year. For the quarter, the company reported impairment of goodwill of $3,000,000 and impairment of intangible assets and investments of $22,285,000.

Document Security Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014; Reports Impairment of Intangible Assets and Investments for the Third Quarter of 2014

Document Security Systems, Inc. reported unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company's revenue increased 17% to $4,964,000 from $4,250,000 in the same year-ago quarter. The increase was primarily driven by a 22% increase in printed product revenue, which includes sales of packaging, printing and plastics, to $4,489,000 from $3,672,000 in the same year-ago period. Revenue growth was offset by an 18% decrease in technology sales, services and licensing revenues to $475,000 from $578,000 in the year-ago period. Adjusted LBITDA was $362,000 compared to $556,000 in the same year-ago period. The improvement reflected the increase in sales and cost control initiatives. Net loss to common shareholders was $8,069,000 or $0.19 per basic and diluted share, as compared to net income to common shareholders of $6,462,000 or $0.15 per basic and diluted share in the third quarter of 2013. The increased net loss was primarily due to the $11,800,000 impairment charge, of which $4.7 million was attributable to a 40% non-controlling interest held by another entity, related to DSS' investment in the intellectual property of VirtualAgility. Operating loss was $13,699,000 against $2,661,000 a year ago. Loss before income taxes was $13,769,000 against $2,743,000 a year ago. For the nine months, the company reported total revenue of $13,475,000 against $12,299,000 a year ago. Operating loss was $18,856,000 against $5,562,000 a year ago. Loss before income taxes was $19,158,000 against $5,791,000 a year ago. Net loss to common shareholders was $13,468,000 or $0.32 per basic and diluted share against net income to common shareholders of $3,405,000 or $0.12 per basic and diluted share a year ago. Net cash used by operating activities was $1,580,810 against $1,920,473 a year ago. Purchase of equipment and building improvements was $257,764 against $321,230 a year ago. Purchase of intangible assets was $1,216,063 against $2,557,825 a year ago. Adjusted LBITDA was $2,077,000 against $1,127,000 a year ago. For the third quarter of 2014, the company reported impairment of intangible assets and investments of $11,750,000 against $517,000 a year ago.

 

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DSS

Industry Average

Valuation DSS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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