Document Security Systems, IncNYSEMKT
Mon, Aug. 15, 4:22 PM
Tue, May 17, 9:04 AM
Wed, Mar. 30, 4:37 PM
- Document Security Systems (NYSEMKT:DSS): Q4 EPS of -$0.23
- Revenue of $5.46M (+13.5% Y/Y)
Nov. 13, 2015, 6:20 PM
- Excluding an $11.8M year-ago impairment charge, Document Security's (NYSEMKT:DSS) GAAP costs/expenses fell 25% Y/Y to $6.9M. Sales/marketing spend fell 54% to $57K, and SG&A spend 14% to $1M, R&D spend fell just 1%, but totaled only $117K. The cost cuts led op. loss to narrow to $767K from Q2's $1.1M.
- Printed product revenue fell 11% Y/Y to $4M. Tech sales, services, and licensing revenue fell 6% to $445K.Commercial printing/packaging revenue fell, while ID card sales rose.
- DSS ended Q3 with $1.5M in cash, up $200K Q/Q. Ahead of earnings, shares fell 9.8% to $0.23. The company's market cap stands at $10M.
- Q3 results, PR
Nov. 13, 2015, 4:32 PM
- Document Security Systems (NYSEMKT:DSS): Q3 EPS of -$0.02
- Revenue of $4.42M (-10.9% Y/Y)
Aug. 13, 2015, 4:59 PM
- Document Security Systems (NYSEMKT:DSS): Q2 EPS of -$0.02
- Revenue of $4.2M (-14.3% Y/Y)
May 15, 2015, 4:23 PM
- Document Security Systems (NYSEMKT:DSS): Q1 EPS of -$0.04 vs. -$0.07 in 1Q14
- Revenue of $3.43M (-5.2% Y/Y)
Mar. 30, 2015, 4:43 PM
- Document Security Systems (NYSEMKT:DSS): Q4 EPS of -$0.66
- Revenue of $4.81M (-6.6% Y/Y).
Feb. 8, 2015, 3:32 PM
- Rep. Bob Goodlatte (R-VA) has introduced a new version of the Innovation Act, a bill aiming to make it tougher for IP licensing firms (often referred to by critics as patent trolls) to pursue infringement suits. The original Innovation Act was shelved 9 months ago by Sen. Pat Leahy (D-VT), reportedly at the behest of then-Senate Majority Leader Harry Reid (D-NV). With the Republicans now controlling the Senate, the new version might have better odds.
- Among other things, the bill: 1) Requires plaintiffs to disclose a patent's owner prior to litigation, and explain why they're suing a company in proceedings. 2) Requires courts to make a decision on a patent's validity early in the litigation process. 3) Requires judges to award attorney's fees to defendants for frivolous claims. 4) Requires the Judicial Conference to create rules lowering the costs of the discovery process during litigation, so that "patent trolls cannot use the high costs of discovery to extort money." 5) Creates "a voluntary process for small businesses to postpone expensive patent lawsuits."
- Not surprisingly, Goodlatte's bill has been praised by an IT/telecom trade group - "We finally have a bill that would create a bit of gridlock for patent trolls’ extortion schemes." And it has been harshly criticized by a trade group representing IP licensors. "[T]he bill being introduced is over broad and does not take into account the many developments that have taken place over the past year in the patent landscape..."
- As it is, the last two years have seen the White House issue executive actions and legislative proposals aimed at curtailing patent law abuses, the Supreme Court set limits on software patents (while upholding software's patentability), and lower federal courts issue a string of adverse rulings against various firms pursuing infringement claims.
- IP licensing firms: ACTG, VRNG, VHC, SPEX, WILN, MARA, FNJN, OTCQB:WDDD, PRKR, DSS
Jan. 6, 2015, 9:58 AM
- Facebook and LinkedIn have won a favorable summary judgment regarding Document Security's (NYSEMKT:DSS) infringement suit against the companies. A Northern California district court has ruled the four patents asserted by a DSS subsidiary are invalid.
- DSS is "evaluating its options" regarding the ruling. Coupons.com obtained a favorable summary judgment against DSS in October.
- The company also discloses the USPTO has partially granted TSMC's petition for an inter partes review (IPR) of patent claims asserted by DSS in an infringement suit. Apple petitioned for an IPR of a DSS patent in early December.
- Shares have plunged to new lows in response to the news.
Dec. 30, 2014, 8:03 AM
- Counting a partially-exercised overallotment option, Document Security (NYSEMKT:DSS) has sold 3.72M shares at $0.45 apiece through a public offering. Gross proceeds totaled $1.67M.
- At the end of Q3, DSS had $1.9M in cash, $391K in restricted cash, $774K in investments and other assets, $7M in long-term debt, and $850K in short-term debt.
Dec. 15, 2014, 1:22 PM
- Vringo was denied a request for an en banc review of the adverse appeals court ruling its received in August for its infringement suit against Google. Unwired Planet received an unfavorable claim construction ruling for its own suit against Google.
- Shares of both of the aforementioned companies are down over 30%. Fellow IP licensing firms VirnetX (VHC -8%) and Document Security (DSS -6.8%) are following them lower, albeit on modest volume.
- VHC and DSS have received adverse rulings of their own this year (I, II), as courts take a tougher stance towards IP firms following the Supreme Court's June software patent ruling.
Nov. 26, 2014, 9:40 AM
- As expected, Document Security (DSS) is appealing the summary judgment granted in Coupons.com's favor last month by the Western N.Y. district court handling DSS' lawsuit against Coupons.com.
- DSS shares dove after the summary judgment was granted. The company has accused Coupons.com of misappropriating trade secrets and breaking a confidentiality agreement.
Nov. 14, 2014, 12:06 PM
- A 22% increase in printed product revenue allowed Document Security (NYSEMKT:DSS) to see a 17% Y/Y revenue increase. Technology sales/services/licensing revenue fell 18% to $475K.
- Excluding an $11.8M impairment charge, costs of goods/expenses was roughly flat Y/Y at $6.9M. DSS: "We continue to target cost savings company-wide to further optimize our organization. This includes rationalizing our headcount and G&A expenses, while maintaining our current level of sales and marketing expenses in order to capitalize on the significant opportunities we're pursuing with AuthentiGuard."
- DSS ended Q3 with $1.9M in cash, $391K in restricted cash, and $7.9M in debt. Shares had gone into earnings down 75% YTD.
- Q3 results, PR
Nov. 13, 2014, 4:12 PM
- Document Security Systems (NYSEMKT:DSS): Q3 GAAP EPS of -$0.19.
- Revenue of $5M (+16.3% Y/Y).
Oct. 28, 2014, 3:52 PM