The following is a summary of the DecisionPoint Systems, Inc. (DPSI) Q4 2023 Earnings Call Transcript:

Financial Performance:

• DecisionPoint reported Q4 2023 revenue of $31 million, a 25% increase compared to previous year.

• Full year revenue reached a record $116 million, up 19%.

• There was a significant improvement in the company's mix leading to a 25% gross margin for the year.

• Adjusted EBITDA increased by 13% in 2023 to $8.9 million.

• The company managed to clear an additional $750,000 of its acquisition-related debt in Q4, which now amounts to $6.2 million.

Business Progress:

• The strategy was modified in 2023 towards high-margin services for sustainable growth and margin expansion.

• DecisionPoint broadened its scope in the retail industry through the acquisition of Macro Integration Services.

• The company added five new top 10 customers and introduced new service offerings.

• A new development plan focus is to raise services and software attach rates.

• The company expanded geographically, and invested in a new warehouse facility in the Southeast to bolster its retail presence.

• Expansion of the managed services business was performed through new product development and hiring.

• DecisionPoint introduced Vision portal and PointCare services and added 107 new logos in 2023, contributing to an approximate $3 million in additional revenue.

• The company is actively pursuing M&A opportunities in order to support organic growth and further expansion.

More details: DecisionPoint Systems IR

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