Document Security Systems, Inc. (A:DSS)

Sector:  Basic Materials Industry:  Paper Packaging
See Regulatory Filings on SEC
Company Contact
Tel: N/A
IR: See website
Key People
Heng Fai Chan
Chairman of the Board
Frank D. Heuszel
Chief Executive Officer, Interim Chief Financial Officer, Director
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 three months ended 31 March 2020, Document Security Systems, Inc. revenues increased 4% to $5M. Net loss increased from $450K to $1.9M. Revenues reflect Licensing and digital solutions increase of 8% to $479K. Higher net loss reflects Selling, general and administrative increase of 49% to $2.6M (expense), Depreciation and amortization increase of 22% to $360K (expense).
Employees: 100 as of Mar 20, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $30.05M as of Mar 31, 2020
Annual revenue (TTM): $19.60M as of Mar 31, 2020
EBITDA (TTM): -$2.26M as of Mar 31, 2020
Net annual income (TTM): -$4.34M as of Mar 31, 2020
Free cash flow (TTM): -$5.84M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 4,024,192 as of Jul 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization