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Document Security Systems, Inc. Message Board

  • financesajeed financesajeed Mar 8, 2013 12:48 PM Flag

    DSS: A Review of Financial Performance 2012

    On March 06, 2013, Document Security Systems, Inc. (DSS) has submitted Form 10-K to SEC; we know Form 10-K disclosed financial result of a company. From SEC filling vide Form 10-K; it is found that the company has been improving its financial performance over the years despite the fact that the company is yet to show cost-effective operation till date. DSS is among the developers of anti-counterfeiting, anti-fraud and authentication technologies for governments, corporations and financial institutions. The company has reported a significant improvement in its financial results at the end of 2012. If we review the financial statements of DSS, we find that the company has generated total revenue $17.10 million in 2012, which was 28% higher than that of in 2011. Revenue from fourth quarter was $5.4 million in 2012, which was 30% higher than fourth quarter in 2011. The company has shown very good growth in packaging and licensing as well as digital solutions divisions, which grew by 59$ and 26% respectively. It is revealed that the company’s gross profit for fourth quarter in 2012 was $1.6 million, registering a 40% increase over the last quarter in 2011. For the full year of 2012, the gross profit increased to $5.7 million from $4.2 million, with a growth of 37%. According to Document Security System’s CEO, Robert Bzdick said, “Our strong ending to 2012 validates the strength of our core products and offerings. Our ability to increase the volume and quality of our revenues consistently throughout the year points to the strengthening of our core businesses that will be a foundation of the Company going forward. As we enter 2013, we seek to continue to benefit from the improved financial performance of our core packaging, plastics and printing divisions, while continuing to invest in the research and development of new products, especially in our digital group”. A cost effective operation may place DSS to have positive earn

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