Document Security Systems, Inc. (A:DSS)

Business Focus: System Software

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 200 Canal View Blvd Ste 300
ROCHESTER NY 14623-2851
Tel: 1-949-5743860
IR: See website
Key People
Heng Fai Chan
Chairman of the Board
Frank D. Heuszel
Chief Executive Officer, Interim Chief Financial Officer, Director
Vincent Lum
President - DSS Asia
Jason Grady
Chief Operating Officer
Business Overview
Document Security Systems, Inc. (DSS) is a developer and marketer of secure technologies. The Company specializes in fraud and counterfeit protection for various forms of printed documents and digital information. The Company operates through four segments: DSS Packaging and Printing Group, DSS Plastics Group, DSS Digital Group, and DSS Technology Management. The Company has optical deterrent technologies that provide protection of printed information from unauthorized scanning and copying. It operates over two production facilities, consisting of a combined security printing and packaging facility, and a plastic card facility, where it produces secure and non-secure documents for customers. It licenses anti-counterfeiting technologies to printers and brand-owners.
Financial Overview
For the six months ended 30 June 2019, Document Security Systems, Inc. revenues increased 5% to $8.9M. Net loss totaled $1.5M vs. income of $2.3M. Revenues reflect Printed products increase of 4% to $8M, Licensing and digital solutions increase of 13% to $927K. Net loss reflects Interest income decrease of 31% to $4K (income). Basic Earnings per Share excluding Extraordinary Items decreased from $0.14 to -$0.07.
Employees: 106 as of Mar 1, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $9.86M as of Jun 30, 2019
Annual revenue (TTM): $18.97M as of Jun 30, 2019
EBITDA (TTM): -$0.75M as of Jun 30, 2019
Net annual income (TTM): -$2.29M as of Jun 30, 2019
Free cash flow (TTM): -$4.04M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 29,721,907 as of Aug 13, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization