$DIRV Both at the local and country level, regulators have enacted varying requirements for security and surveillance. In the USA, for example, states like Pennsylvania require2 years of video footage archived. These disparate requirements have companies playing catch-up left and right. Needing to focus on growth/production of their product instead of the added layer of security-surveillance's ever changing requirements will lead to more companies outsourcing this need.
The Cannabis Conference 2019 brought this fact to light. The demand for compliance with local regulations continues to dominate the concerns of individuals and companies. One such company that attended the conference, DirectView Holdings, Inc., (DIRV), saw strong interest in their cannabis security-surveillance products as discussed by management in a recent press release:
''Management is happy to report that DirectView received over 50 follow up requests related to DirectView's security, surveillance, and access control solutions. A majority of the follow up requests are related to DirectView's custom-tailored solutions for the cannabis industry. One notable follow up request came from a state university interested in testing DirectView's surveillance cameras for certification in the cannabis industry,'' stated Roger Ralston, CEO and President of Directview.
In addition, DirectView Holdings, Inc., (DIRV) just released their annual financials for fiscal 2018, shown here:
DirectView Holdings, Inc., (DIRV) ("DirectView" or the "Company"
, a company focused on ownership and management of leading video and security technology companies, announced today that the Company achieved record sales and gross profit during its 2018 fiscal year.
DirectView's record results reflect a continued increase in number of large new and existing customer projects whereby DirectView and its subsidiaries were awarded the related contracts.
2018 Results
41% sales growth to a record $4.1 million
39% growth in product sales to a record $3.3 million
51% growth in services sales to a record $0.8 million
27% gross profit growth to a record $1.6 million
46% growth in product gross profit to a record $1.7 million
436 basis point gross profit margin decrease to 39.1%
111% increase in SG&A
Sales and gross profit trends continued to expand during 2018 and reflect strong product and services demand, while SG&A continues to reflect on-going committed investments in technology and additional customer-facing headcount.
Roger Ralston, DirectView's CEO stated: "DirectView's record 2018 performance is a reflection of our strategy to be the best in the industry across all facets of the customer experience, from system design, to installation, to post installation support. Our team's customer first focus has generated the highest sales and profits of any year in our history. Additionally, our focus on delivering a world class customer experience is fueled by the investments we continue making in our team as we continue to grow the company within the areas of people, process, and technology.''
With a focus on growth and expansion, without the need for a security-surveillance division, companies like Aphria Inc. (APHA) and HEXO Corp (HEXO) can use more of their resources for corporate growth. This is where companies like DirectView Holdings, Inc., (OTC PINK: DIRV) can step in, filling this growing need with their turnkey systems. Now companies can focus on growth and production, increasing revenues, without worrying about building up a whole new security-surveillance division.
More information on DirectView Holdings, Inc., (OTC PINK: DIRV) can be found on their website.
The Cannabis Conference 2019 brought this fact to light. The demand for compliance with local regulations continues to dominate the concerns of individuals and companies. One such company that attended the conference, DirectView Holdings, Inc., (DIRV), saw strong interest in their cannabis security-surveillance products as discussed by management in a recent press release:
''Management is happy to report that DirectView received over 50 follow up requests related to DirectView's security, surveillance, and access control solutions. A majority of the follow up requests are related to DirectView's custom-tailored solutions for the cannabis industry. One notable follow up request came from a state university interested in testing DirectView's surveillance cameras for certification in the cannabis industry,'' stated Roger Ralston, CEO and President of Directview.
In addition, DirectView Holdings, Inc., (DIRV) just released their annual financials for fiscal 2018, shown here:
DirectView Holdings, Inc., (DIRV) ("DirectView" or the "Company"
, a company focused on ownership and management of leading video and security technology companies, announced today that the Company achieved record sales and gross profit during its 2018 fiscal year. DirectView's record results reflect a continued increase in number of large new and existing customer projects whereby DirectView and its subsidiaries were awarded the related contracts.
2018 Results
41% sales growth to a record $4.1 million
39% growth in product sales to a record $3.3 million
51% growth in services sales to a record $0.8 million
27% gross profit growth to a record $1.6 million
46% growth in product gross profit to a record $1.7 million
436 basis point gross profit margin decrease to 39.1%
111% increase in SG&A
Sales and gross profit trends continued to expand during 2018 and reflect strong product and services demand, while SG&A continues to reflect on-going committed investments in technology and additional customer-facing headcount.
Roger Ralston, DirectView's CEO stated: "DirectView's record 2018 performance is a reflection of our strategy to be the best in the industry across all facets of the customer experience, from system design, to installation, to post installation support. Our team's customer first focus has generated the highest sales and profits of any year in our history. Additionally, our focus on delivering a world class customer experience is fueled by the investments we continue making in our team as we continue to grow the company within the areas of people, process, and technology.''
With a focus on growth and expansion, without the need for a security-surveillance division, companies like Aphria Inc. (APHA) and HEXO Corp (HEXO) can use more of their resources for corporate growth. This is where companies like DirectView Holdings, Inc., (OTC PINK: DIRV) can step in, filling this growing need with their turnkey systems. Now companies can focus on growth and production, increasing revenues, without worrying about building up a whole new security-surveillance division.
More information on DirectView Holdings, Inc., (OTC PINK: DIRV) can be found on their website.
Consider all my posts my opinion and not advice to buy or sell anything. I post on stocks I own or am considering owning. Do your own DD!
