DecisionPoint Systems, Inc.

decisionpt.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2024 10-Q, filed May 15, 2024. Its latest SEC filing is a 15-12G from Jul 15, 2024.

The sections below describe the company as of the FY2023 annual report.

What Did They Do?

Provides mobile computing and point-of-sale systems, software, and deployment and managed services to retail, logistics, and healthcare businesses.

Who Were Their Customers?

Serves large enterprise companies in retail, healthcare, transportation, and logistics with mobility systems and related services.

Customers above 10% of revenue, FY2023

of revenue from one customer

FY2022: 28% from two customers

Did Revenues Turn Into Profits?

Yes. It kept 9 cents of every revenue dollar as net income in FY2023 and turned 13 cents into free cash flow.

Operating income, FY2023

18% of revenue

▲ +7% vs FY2022 ($4.4M, 5%)

Net income, FY2023

9% of revenue

▼ −20% vs FY2022 ($3.1M, 3%)

Free cash flow, FY2023

13% of revenue

▼ −67% vs FY2022 ($10.8M, 11%)

How Were They Changing?

Since the FY2023 annual report

Latest quarter: Q1 FY2024, the three months to Mar 31, 2024

Revenue: ▼ −5%; vs $27M in Q1 FY2023
Net income: ▼ Now a loss; vs $866K in Q1 FY2023

Jul 5, 2024 DecisionPoint merged and became a wholly owned subsidiary Each share converted into the right to receive $10.22 in cash, and trading was suspended.
May 1, 2024 Agreed to merge with an affiliate of Barcoding Holdings The agreement provides for shareholders to receive $10.22 per share in cash, subject to approval and closing conditions.

Who Did They Compete With?

Competes with CDW and Denali Advanced Integration

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