posted
Revenues for the three months ended June 30, 2006 were $1,233,729 compared to $875,513 for the three months ended June 30, 2005 (restated), an increase of $358,216 or 409%. DDSI generates its revenues through software licenses, hardware, post customer support arrangements and other services. The increase in DDSI's revenue is attributed to the purchase of CGM Applied Security Technology, Inc in March, 2005.
Cost of revenue for the three months ended June 30, 2006 was $334,538 compared to $447,460 for the three months ended June 30, 2005 (restated), a (decrease) of ($112,922) or (25%). The decrease was attributable more efficient purchasing procedures of raw material and more efficient production procedures put into place. Cost of revenue sold as a percentage of revenue for the three months ended June 30, 2006 was 27% of total revenues.
Operating expenses for the three months ended June 30, 2006 were $677,406 compared to $642,177 for the three months ended June 30, 2005 (restated), an increase of $35,229 or 5%. This increase was mainly attributable management’s controls over spending.
Cost of revenue for the six months ended June 30, 2006 was $627,880 compared to $492,161 for the six months ended June 30, 2005 (restated), an increase of $135,719 or 28%. The increase was attributable to the purchase of CGM Applied Security Technology, Inc in March 2005. Cost of revenue sold as a percentage of revenue for the six months ended June 30, 2006 was 34% of total revenues.
The purchase of CGM Applied Security Technology is already paying off.
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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quote:Originally posted by Schwabie: Personally I don't think increase will be big... I am not bashing. Reason I say this is because they have grown so much. I am not bashing... I own 30 million shares.. Im' just below JIF.
Also if you check the late filing:
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [ ] Yes [X] No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reason why a reasonable estimate of the results cannot be made.
quote:Originally posted by Schwabie: It doesn;t matter is they are good or not... even 10 % increase from last quarter would be alot... remember its like 800 % + 500 % on top of 10 % is a frigging lot... if they keep increasing profit... in a year or so they could be profitable... IMHO
Good catch BlindMellonChitlin . Should be 40.9 % increase not 409 % . I would guess that would make more sense like I said before 800 % + 500 % .. not much more you can grow after that...
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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This stock has been on .0001 to .0002 for a while. Since you cannot purchase at .0001 I believe MM's pull it down to .0001 to scare you to sell for a loss. The ONLY entry point is .0002 IMHO.
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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posted
Last but certainly not least. There should be a PR with the percentage of revenue increase. They always do. That is a fact per prior history of PR. Once they PR it I think volume will increase.
They keep increasing their revenues. THAT IS GOOD ! Check out these filings !
Results of Operations by year
Year Ended December 31, 2003 Compared to Year Ended December 31, 2002
Revenues for the year ended December 31, 2003 of $650,650 decreased $562,539 or 46% from the year ended December 30, 2002. DDSI generates its revenues through software licenses, hardware, post customer support arrangements and other services. The decrease in DDSI's revenue is attributed to discontinued sales of the SI-3000 product line at the end of the first quarter in 2001. SI-3000 products' largest revenue impact was in software sales. These revenues are included in deferred revenue until the job has been completed and "signed-off" by the client. Once that job is completed, revenue is then recognized on the income statement. During 2003, DDSI recognized revenue of $134,426 from software sales and software maintenance agreements from previous installations of SI-3000. Maintenance revenues decreased $222,098 or 38% from the year ended December 31, 2002 primarily due to a decrease in DDSI's customer base and contract dollar amount.
Year Ended December 31, 2004 Compared to Year Ended December 31, 2003
Revenues for the year ended December 31, 2004 of $412,052 decreased $238,598 or 37% from the year ended December 30, 2003. DDSI generates its revenues through software licenses, hardware, post customer support arrangements and other services. The decrease in DDSI's revenue is attributed to discontinued sales of the SI-3000 product line. SI-3000 products' largest revenue impact was in software sales. During 2004, DDSI recognized revenue of $115,355 from software sales and software maintenance agreements from previous installations of SI-3000. Maintenance revenues decreased $79,856 or 24% from the year ended December 31, 2003 primarily due to a decrease in DDSI's customer base and contract dollar amount.
YEAR ENDED DECEMBER 31, 2005 COMPARED TO YEAR ENDED DECEMBER 31, 2004
Revenues for the year ended December 31, 2005 of $3,335,631 increased $2,923,579 or 710% from the year ended December 30, 2004. DDSI generates its revenues through software licenses, hardware, post customer support arrangements and other services. The increase in DDSI's revenue is attributed to the purchase of CGM Applied Security Technology, Inc in March 2005. During 2005, Maintenance revenues increased $3,410 or 1% from the year ended December 31, 2004
THREE MONTHS ENDED JUNE 30, 2006 COMPARED TO THREE MONTHS ENDED JUNE 30, 2005
Revenues for the three months ended June 30, 2006 were $1,233,729 compared to $875,513 for the three months ended June 30, 2005 (restated), an increase of $358,216 or 409%. DDSI generates its revenues through software licenses, hardware, post customer support arrangements and other services. The increase in DDSI's revenue is attributed to the purchase of CGM Applied Security Technology, Inc in March, 2005.
(NOTE: I will not change the % for this quarter but remember that it should be 40.9 % not 409 %)
In other words, what I am trying to say is... they are off to an EXCELLENT start this year! Follow the history of revenues ( or reduced losses) per year and you will see how nicely they keep growing ! If they surpass revenues from last year watch out... they may be profitable in the future.
Also, shares did not increase that much due to the CD's . They are not diluting.
Shareholders' deficit Preferred stock, $.001 par value 1,000,000 shares authorized, -0- issued and outstanding -0- Common stock, par value $.001; authorized 9,999,000,000 shares; 9,243,406,000 issued and outstanding 9,243,406
Per past history also, if it runs it will be like 5 days after not immediately. This is if it runs on the 10Q. If the MM's run it since they have acquired so many cheap shares... that could happen at any given moment. Fingers crossed
[ August 18, 2006, 01:43: Message edited by: Schwabie ]
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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posted
I asked Michael if they would PR the financials and he said they are waiting for Monday morning to PR the financials because nobody reads PR's on fridays ...
Posts: 801 | Registered: Nov 2005
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posted
well, it looks like someone bought a nice chunk at the opening bell. I have a buy order in * 1...we'll see if there are any takers.
Posts: 960 | Registered: Sep 2005
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quote:Do you guys think a good PR (hope is good) will move the PS up?
I think the massive accumulation this has undergone the past few months that any little thing could ignite it...the 10q was positive, and a move towards profitability.
Brackep - let Michael know they can feel free to throw in any other great news they might have with that PR. :-P
Posts: 960 | Registered: Sep 2005
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quote:Do you guys think a good PR (hope is good) will move the PS up?
I think the massive accumulation this has undergone the past few months that any little thing could ignite it...the 10q was positive, and a move towards profitability.
Brackep - let Michael know they can feel free to throw in any other great news they might have with that PR. :-P
posted
I have faith it will be good PR. We had a great 10Q! don't see why not. Hope we can hear some news about new big contracts too.
Posts: 142 | Registered: Jul 2006
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posted
Accumulation by MM's and investors alike. MM's can run it.. they have accumulated alot of cheap shares... . I totally agree anything can ignite this... check out the accumulation chart... its off the chain !
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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quote:Originally posted by gatorhistory: does anyone think we will get some form of other news besides the 10q on Monday?
Gator,
I'm doing some more DD on RFID and GPS...
This comes from another board:
By: watergate40 17 Aug 2006, 10:55 AM EDT Msg. 26172 of 26216 Jump to msg. # DDSI people listen when I called the company and asked him about this he told he can not disclose this info.... which makes me think this might be true call the company and find out listen to his reaction......
US to launch RFID passports on Monday Posted Aug 12th 2006 2:10PM by Paul Miller Filed under: Transportation, Wireless
Despite the various privacy concerns that have been repeatedly raised in regards to e-passports, the US is going ahead with their plans to launch the system this Monday. Not all newly-issued passports will be RFID-enabled, since mass production has been held up by the ongoing legal dispute over the technology. The first passports to be issued will be those produced during the pilot run of the project, but the full roll-out should be completed in about a year. Including the extra $12 security surcharge slapped onto passports last year, the new and "improved" models will cost $97, the same as they do currently. If you're overly concerned about the security implications or potential apocalypse causation, you might want to nab a passport now, since traditional passports will be valid until their listed expiration date. We'll manage like usual: hills, tin-foil, condensed milk, etc.
posted
yeah, I've seen those postings...also the link to a particular GPS company on RB.
I am curious by the holdoff until Monday - they could have waited to file until then as well. I know what he said about nobody reads PR on Friday's - I don't ever recall it stopping them before though. Here's hoping for extra good news from the team at DDSI!
Posts: 960 | Registered: Sep 2005
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ALLIANCE WITH PRECISIA, LLC, SUBSIDIARY OF FLINT INK CORPORATION
CGM Security Solutions is pleased to announce the addition of RFID circuits to our product line.
PRECISIA was launched as a roll form manufacturer of additive RFID circuits in late 2003 by Flint Ink. They have now come on board with full manufacturing capability including chip bonding, reading and inspection equipment, laminations and multi-color flexo printing.
CGM has been authorized to represent PRECISIA to the industry for security labels and seals using RFID technology. By combining our respective manufacturing know-how, we can collectively help our clients through the maze of RFID science. We are able to separate the viable industrial applications for RFID from much of the misinformation that is rampant in the marketplace. By offering RFID and security seals as a combination product platform, we are able to address issues of inventory control while assisting in identifying product authenticity, diversion and physical containment. CGM and PRECISIA have formed this strategic alliance to compliment our other working arrangements with Flint Ink on authentication through the use of inks and ink technologies.
CGM has a long history of the sales and development of conductive inks, membrane switches, EAS and related additive circuitry products. These products have now lead to the development of smart labels and tags as well as other data transit and retention techniques through the use of passive RFID.
Intelligent packaging has its limitations and certainly its benefits. RFID used in tags, tickets, ID cards and even security labels affords the user the ability to carry unique data, with the product for a multitude of applications. Real estate on many pharmaceutical labels is limited, however through the use of RFID; information can be brought to users when and where needed with little change to the cosmetic appearance of the label itself. The use of RFID on inserts and outserts provides manufacturers the ability to track and trace products and to identify them for any reason. Reducing mistakes, increasing throughput speed make RFID technology the cutting edge in roll form label applications. By combining our other unique authentication solutions such as IZON, PolarCode, Secure ID and self voiding seals with RFID, CGM can offer a wide array of potential physical forms and appearance for this technology.
For questions or quotations, please call Erik Hoffer at 941 575 0243 or email him at tamperguru*comcast.net.
------------------------------------------------
In this part they talk about Secure ID:
************************************************
By combining our other unique authentication solutions such as IZON, PolarCode, Secure ID and self voiding seals with RFID, CGM can offer a wide array of potential physical forms and appearance for this technology.
then scroll down (or do ctrl+f and search for cgm) to : Section 6 Selected Player Profiles 6.2 CGM Security Solutions Inc
Posts: 801 | Registered: Nov 2005
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quote:Originally posted by gatorhistory: yeah, I've seen those postings...also the link to a particular GPS company on RB.
I am curious by the holdoff until Monday - they could have waited to file until then as well. I know what he said about nobody reads PR on Friday's - I don't ever recall it stopping them before though. Here's hoping for extra good news from the team at DDSI!
Yes! I was too! why hold till monday? everybody read news on fridays too. If US is launching e-passports, till monday, would be a good strategy to do it so! Good luck every one, hope this is the one we've been waiting.
Posts: 142 | Registered: Jul 2006
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