Earnings News Spotlight -Digital Power (NYSEMKT:DPW) announces its financial results


Digital Power Corporation (NYSEMKT:DPW) saw its stock move of +3.76%, representing a per-share move of +0.02 points, on trading volume of 79.31 thousand shares for the Tuesday and exchanged 382.11 thousand shares on average. Digital Power Corporation now has a 50-day SMA of $0.67 and 200-day SMA of $0.66 while its closing price was ended to $0.58. Its previous close was at $0.56.

Digital Power Corporation (NYSE MKT:DPW) recently reported its financial results for the first quarter ended March 31, 2017 and provided an investor update highlighting its major accomplishment for the quarter and the Company’s future.

Digital Power’s revenues for the first quarter 2017 were $1,628,000, a decrease of 5% from revenues of $1,713,000 for the first quarter 2016. The Company recorded an operating loss of $787,000 for the first quarter 2017 compared to an operating loss of $200,000 for the comparable 2016 period.

Non-GAAP operating losses were $630,000 and $156,000 for the first quarters of 2017 and 2016, respectively. The net loss for the first quarter 2017 was $994,000 compared to the loss of $193,000 for comparable 2016 period.

Non-GAAP net losses were $629,000 and $149,000 for the first quarters of 2017 and 2016, respectively. Gross margins in first quarters of 2017 and 2016 were 43.5% and 36.2% respectively. The Company raised $950,000 in new capital for the quarter ended March 31, 2017 in comparison to no capital being raised for the same quarter in 2016.

Commenting on the results, President and CEO Amos Kohn said: “Our net loss for the first quarter of 2017 included $157,000 of stock option expenses and $208,000 of non-cash interest expenses that is primarily from our capital raising efforts and represents approximately 36% of the first quarter net loss. Excluding these non-cash related expenses, our net loss would have been $629,000 for the first quarter of 2017. While this loss may appear large to some, its magnitude was anticipated and reflects the cost of the Company to restructure and transition to the new directives and strategies borne from the Company’s change in control last year. We are pleased that the Company’s cash balance improved from the prior 2016 fourth quarter to over $1.13M and investments improved from the prior quarter to over $1.67M. We are confident in the Company’s new direction and new initiatives.”

Digital Power Corporation (NYSEMKT:DPW) started its session at $0.58 and traded between a day low of $0.58 and a day high of $0.62. DPW stock stands -17.92% away from its 50-day simple moving average and also -16.11% away from the 200-day average. Recently, the company stands -66.86% away from the 52-week high and 65.71% from the 52-week low. The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 40.18.

A look at performance overview of Digital Power Corporation’s (DPW) depicts that Performance for Week is 0.00% while Performance for Month is -12.12%. Quarterly performance shows a value of -6.45% and Half Year Performance value stands at -17.14%.

Digital Power Corporation (DPC) is engaged in the design, manufacture and sale of power system solutions for applications in the medical, military, telecom and industrial markets. The Company operates through two segments: North America (sales through DPC) and Europe (sales through Digital Power Limited (DPL)).

About the Author

Jacob Roark
Jacob Roark
Jacob Roark also covers the business news across all market sectors for mostvolatilestocks.com. He also has an enormous knowledge of stock market.  Jacob holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers Business news section for mostvolatilestocks.com. Email Contact - Jacob@mostvolatilestocks.com.

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