Direct Communication Solutions, Inc.

Direct Communication Solutions, Inc.

DCSX
Direct Communication Solutions, Inc.US flagOther OTC
1.05
USD
- -
- -
2.61MMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.63
8.39
8.39
7.39
7.45
- -
2.78
3.58
9.69
Basic EPS, GAAP
-0.99
0.03
-0.57
-1.01
-0.9
- -
-0.77
-0.78
-0.02
Free Cash Flow per Basic Share
-0.07
-0.22
0.25
-1.1
-0.47
- -
-0.16
-0.24
1.67
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.2
-1.16
-1.73
-2.72
-3.44
- -
-7.25
-7.63
-2.75
Tangible Book Value per Share
-1.01
-1.1
-0.79
-0.07
-0.66
- -
-3.98
-3.88
0.26
Basic Weighted Avg Shares
2
2
2
2
2
- -
2
2
2
Sales/Revenue/Turnover
9
16
16
14
17
23
6
9
22
Operating Margin (%)
-4.57
3.19
-3.63
-10.76
-14.16
-5.94
-39.08
-14.46
0.65
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-2
- -
-1
-2
-2
-2
-2
-2
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-21.28
0.39
-6.82
-13.66
-12.07
-9.89
-27.54
-21.9
-0.26
Working Capital
-1
-2
-2
- -
1
1
-5
-9
1
LT Debt
1
- -
- -
- -
1
2
4
- -
1
Total Equity
-2
-2
-1
- -
-1
-3
-9
-9
1
Return on Invested Capital (%)
- -
95.84
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
143.5
- -
- -
- -
- -
- -
- -
13.15
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Dec'21
Mar'22
Jun'22
ST Debt
2
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
5
11
9

Working Capital

FRC

in mil. unless spec.
Dec'21
Mar'22
Jun'22
Total Current Assets
9
7
7
Cash, Cash Equivalents & STI
3
3
3
Accounts Receivable, Net
4
4
3
Inventories
2
1
1
Total Current Liabilities
7
6
5
Payables & Accruals
5
5
5
ST Debt
2
1
1
Deferred Revenue
1
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
9.58%
3.23%
Free Cash Flow
- -
-177.97%
63.71%
Net Income, GAAP
- -
15.89%
8.34%
Sales/Revenue/Turnover
- -
1.2%
36.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6
2025
- -
- -
- -
- -
9

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
-0.77
2025
- -
- -
- -
- -
-0.78

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
William F. Espley
Full Time Employees
23
Sector
Technology
Industry
Information Technology Services
Address
11021 Via Frontera San Diego CA United States of America 92127
IPO Date
May 5, 2020
Business
Direct Communication Solutions, Inc. (DCSX) provides end-to-end Internet of Things (IoT) solutions, including hardware devices, software as a service (SaaS) platforms, and managed wireless connectivity services; its core offerings encompass GPS devices, modems, embedded modules, routers, mobile tracking machine-to-machine (M2M) devices, communications and applications software, cloud-based infrastructures, and specialized platforms such as MiFleet for fleet management, MiSensors for sensor ecosystems, and video telematics solutions. The company distributes a diverse portfolio of 4G/5G IoT sensor hardware to telematics solutions providers, complemented by technical engineering, logistical fulfillment, and custom deployment services; it targets industries including fleet management, transportation, logistics, retail point-of-sale, energy, utilities, and solar-powered trailer security. DCS operates primarily in the United States and Canada, with international reach, and maintains strategic partnerships with connectivity providers such as Verizon, United States Cellular, Synnex, Hyperion Partners, and Telenor Connexion for global network access across over 500 operators in 200+ countries. Founded in 2006 and headquartered in San Diego, California, the company focuses on high-margin recurring revenue through its SaaS model and hardware distribution. In recent developments, Direct Communication Solutions reports strong Q1 2025 revenue of $3.62 million, up 58% from the prior quarter, driven by the addition of 1,224 new recurring revenue subscribers including 191 MiFleet + Vision video telematics users; it ended the period with a $3 million backlog in smart hardware purchase orders, delivered initial shipments of a solar-powered trailer security solution to a Tier 1 North American transportation carrier, expanded its SaaS dealer and reseller channels with multi-vertical promotions, and underwent operational restructuring to prioritize long-term SaaS growth while reducing expenses. The company filed in November 2025 with the SEC for a potential $15 million initial public offering and NYSE American uplisting under DCSX, following a prior withdrawn filing in 2023, and secured a multi-million dollar purchase order contributing to its expanded hardware backlog.

Company News

APIChat
  • U.S. IPO Weekly Recap: IPO Market Quiet In Short Thanksgiving Week

  • DCS Announces USD $400,000 of Convertible Debenture Financing

  • Direct Communication Solutions Announces Audited Annual Financial Statements for 2024

  • DCS Announces Multi-Million Dollar Purchase Order Commitment for IoT Smart Hardware

  • Direct Communication Solutions Announces Q3 Financials for 2024 and Operational Highlights

  • Direct Communication Solutions Named Finalists for Three Global IoT Project of the Year Awards

  • DCS Commences Legal Actions in the US and Canada

  • DCS Announces Financial and Operational Restructuring Updates

  • Direct Communication Solutions Announces Interim Financial Statements for Q1 2024

  • Direct Communication Solutions Announces Year-End Financials for 2023 and Operational Highlights

  • DCS Announces Resignations to Accelerate Transition to SaaS Business Model

  • DCS Announces Strategic Licensing and Reseller Agreement with System Loco to Enhance IoT Solutions Portfolio

  • Direct Communication Solutions Announces AGM Results, Upcoming Townhall and Resignation of Director David Diamond

  • Direct Communication Solutions to Participate in the Wialon Global Telematics Conference for Outstanding Partner Performance and AGM Details

  • Direct Communication Solutions Announces Interim Financial Statements for Q3 2023

  • DCS Announces Software Licensing and Managed Logistics Services Agreement with CATrak - Catalytic Converter Anti-Theft Solution

  • Direct Communication Solutions Announces Interim Financial Statements for Q2 2023

  • Direct Communication Solutions Announces Successful Collaboration Between MiFleet and Epson

  • DCS Announces Strategic Partnership with AMIT Wireless

  • DCS Appointed First Distributor in North America by TOPFLYtech