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DecisionPoint (DPSI) Q1 Earnings & Revenues Top Estimates
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DecisionPoint Systems reported first-quarter 2022 earnings of 6 cents per share, soaring 200% year over year and beating the Zacks Consensus Estimate by 20%.
Revenues increased 22.7% year over year to $19.7 million and topped the consensus mark by 9.6%. The top line was driven by broad-based strength across several verticals amid global supply chain disruptions. Also, the company’s strong relationships with its OEMs and distribution partners have enabled it to build up inventory for deals that will be shipped over the next few quarters, added DecisionPoint.
Synergies from acquisitions are likely to drive DecisionPoint’s performance. The company concluded two buyouts — Advanced Mobile Group and Boston Technologies — in the quarter under review. These acquisitions boost the company’s position in the lucrative transportation and direct store delivery verticals.
Shares are up 4.2% in the premarket trading on May 17. In the past year, the stock has lost 10.7% against the industry’s decline of 3.3%
DecisionPoint Systems Inc. Price, Consensus and EPS Surprise
Product revenues (79% of total revenues) jumped 30.6% year over year to $15.5 million.
Service revenues (21%) slipped marginally to $4.1 million.
The company’s backlog stood at $21 million, driven by robust booking activity amid supply chain troubles.
Operating Details
DecisionPoint’s first-quarter gross profit increased 21.8% year over year to $4.7 million.
Total operating expenses increased 26.4% year over year to $4.4 million.
Adjusted EBITDA was up 38.7% year over year to $1.1 million.
Operating income came in at $0.2 million against operating income of $0.3 million reported in the prior-year quarter.
Balance Sheet and Cash Flow
As of Mar 31, 2022, DecisionPoint had cash and cash equivalents of $9.3 million compared with $2.6 million on Dec 31, 2021. The company’s long-term debt was $0.15 million compared with $0.15 million as of Dec 31, 2021.
Cash flow from operations was $11.7 million against $1.3 million in the prior-year quarter.
Guidance
For 2022, the company expects revenue to be between $79 million and $82 million, suggesting growth of 22-26% year over year. Services revenues are expected to be $19 million. Adjusted EBITDA is projected to be between $3.5 and $3.9 million.
Stocks to Consider
DecisionPoint carries a Zacks Rank #5 (Strong Sell)
The Zacks Consensus Estimate for Flex’s fiscal 2023 earnings is pegged at $2.16 per share, up 6.9% in the past 60 days. The long-term earnings growth rate is pegged at 14.9%.
Flex’s earnings beat the Zacks Consensus Estimate all last four quarters, with the average being 21.1%. Shares of FLEX have declined 7.3% in the past year.
The Zacks Consensus Estimate for Jabil fiscal 2022 earnings is pegged at $7.25 per share, unchanged the past 60 days. The long-term earnings growth rate is 12%.
Jabil’s earnings beat the Zacks Consensus Estimate all last four quarters, with the average being 13.5%. Shares of JBL have lost 7.3% in the past year.
The Zacks Consensus Estimate for Broadcom’s fiscal 2022 earnings is pegged at $35.67 per share, up 0.5% in the past 60 days. AVGO’s long-term earnings growth rate is pegged at 15.6%.
Broadcom’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, with the average being 1.9%. Shares of AVGO have increased 34.4% in the past year.
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DecisionPoint (DPSI) Q1 Earnings & Revenues Top Estimates
DecisionPoint Systems reported first-quarter 2022 earnings of 6 cents per share, soaring 200% year over year and beating the Zacks Consensus Estimate by 20%.
Revenues increased 22.7% year over year to $19.7 million and topped the consensus mark by 9.6%. The top line was driven by broad-based strength across several verticals amid global supply chain disruptions. Also, the company’s strong relationships with its OEMs and distribution partners have enabled it to build up inventory for deals that will be shipped over the next few quarters, added DecisionPoint.
Synergies from acquisitions are likely to drive DecisionPoint’s performance. The company concluded two buyouts — Advanced Mobile Group and Boston Technologies — in the quarter under review. These acquisitions boost the company’s position in the lucrative transportation and direct store delivery verticals.
Shares are up 4.2% in the premarket trading on May 17. In the past year, the stock has lost 10.7% against the industry’s decline of 3.3%
DecisionPoint Systems Inc. Price, Consensus and EPS Surprise
DecisionPoint Systems Inc. price-consensus-eps-surprise-chart | DecisionPoint Systems Inc. Quote
Quarter Details
Product revenues (79% of total revenues) jumped 30.6% year over year to $15.5 million.
Service revenues (21%) slipped marginally to $4.1 million.
The company’s backlog stood at $21 million, driven by robust booking activity amid supply chain troubles.
Operating Details
DecisionPoint’s first-quarter gross profit increased 21.8% year over year to $4.7 million.
Total operating expenses increased 26.4% year over year to $4.4 million.
Adjusted EBITDA was up 38.7% year over year to $1.1 million.
Operating income came in at $0.2 million against operating income of $0.3 million reported in the prior-year quarter.
Balance Sheet and Cash Flow
As of Mar 31, 2022, DecisionPoint had cash and cash equivalents of $9.3 million compared with $2.6 million on Dec 31, 2021. The company’s long-term debt was $0.15 million compared with $0.15 million as of Dec 31, 2021.
Cash flow from operations was $11.7 million against $1.3 million in the prior-year quarter.
Guidance
For 2022, the company expects revenue to be between $79 million and $82 million, suggesting growth of 22-26% year over year. Services revenues are expected to be $19 million. Adjusted EBITDA is projected to be between $3.5 and $3.9 million.
Stocks to Consider
DecisionPoint carries a Zacks Rank #5 (Strong Sell)
Top-ranked stocks from the broader technology sector worth consideration are Flex (FLEX - Free Report) , Jabil (JBL - Free Report) and Broadcom (AVGO - Free Report) . While Flex and Jabil sport a Zacks Rank #1 (Strong Buy), Broadcom carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Flex’s fiscal 2023 earnings is pegged at $2.16 per share, up 6.9% in the past 60 days. The long-term earnings growth rate is pegged at 14.9%.
Flex’s earnings beat the Zacks Consensus Estimate all last four quarters, with the average being 21.1%. Shares of FLEX have declined 7.3% in the past year.
The Zacks Consensus Estimate for Jabil fiscal 2022 earnings is pegged at $7.25 per share, unchanged the past 60 days. The long-term earnings growth rate is 12%.
Jabil’s earnings beat the Zacks Consensus Estimate all last four quarters, with the average being 13.5%. Shares of JBL have lost 7.3% in the past year.
The Zacks Consensus Estimate for Broadcom’s fiscal 2022 earnings is pegged at $35.67 per share, up 0.5% in the past 60 days. AVGO’s long-term earnings growth rate is pegged at 15.6%.
Broadcom’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, with the average being 1.9%. Shares of AVGO have increased 34.4% in the past year.