Direct Communication Solutions (TSE:DCSI) has released an update.
Direct Communication Solutions, Inc. reports a strategic shift towards high-margin recurring SaaS revenues, with a 13% increase and a 5.1% gross margin boost from the previous year. The company has also reduced expenses significantly and entered into key strategic agreements to enhance its IoT solutions portfolio. Despite a 41% decrease in total revenue due to the restructuring away from lower-margin hardware sales, there was a substantial improvement in net loss and adjusted EBITDA, promising better value for shareholders.
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