This quarter is the first reported with the consolidation of Sharing Global Services to the income statement. It has a March fiscal year so we have not yet seen its Q4 but we expect it added about $6 million to revenues and $2 million to losses (excluding the $1.5 million write-down.) As expected, its addition put DSS DSS back in a negative cash flow territory--$3.4 million for the quarter. Its revenue seems to continue to be declining year over year. Premier packaging had a tougher than usual quarter. While it has a great pipeline and orders, it continues to be constrained by paper shortage and suffered a few days shutdown from the move. We expect Q2 revenues for Premier to be similar to Q1 until it resolves it paper issue. It too is also affected by rising paper prices.
With the market meltdown DSS's current enterprise value is now $45 million, or 0.7 times EV/2022 estimated sales. The plan is still to spin-off of the biomedical business, the REIT and the bank--- all three of which could possibly happen this year, and those should only enhance returns for investors. Although in the current market, plans could change.
DISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Research articles, as seen here, are part of the service Zacks SCR provides and Zacks SCR receives quarterly payments totaling a maximum fee of up to $40,000 annually for these services provided to or regarding the issuer. Full Disclaimer HERE.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.