Company Update: DPW Holdings Maintains Revenue Guidance for 2018
DPW Holdings Inc (NYSE:DPW) announced that it still anticipates the Company’s gross consolidated revenues for 2018 will range from $44 to $49 million thus maintaining its original revenue guidance reported on January 4, 2018. The Company highlighted the diversification of its subsidiaries that span multiple sectors with a wide customer base of commercial clients and government agencies. DPW’s consolidated revenues are derived from manufacturing advanced power supplies and solutions for commercial, medical, military and aerospace applications as well as from financial and other services provided. These varied revenue streams have continued to sustain DPW’s performance projections and planned growth despite the recent volatility with the top cryptocurrencies that has generated concern within the crypto-marketplace. DPW noted it has received many inquiries from investors and shareholders during the past month.
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Coolisys Technologies, Inc., the Company’s wholly-owned subsidiary, remains committed to completing its acquisition of Enertec Systems 2001 Ltd. (“Enertec”), the Israeli-based defense/aerospace electronics manufacturer supplying advance power solutions and systems during the 2018 current quarter. Enertec remains one of the key factors that supports the current revenue guidance.
“We remain committed to our holding company business model as well as our acquisition and organic growth strategies. One of our corporate strengths is our diversification,” said Milton “Todd” Ault, III, the Company’s CEO and Chairman. Ault continued, “With any disruptive new technology there is a healthy vetting process. We would argue the recent downturn of cryptocurrencies is a positive step, necessary for its longevity and success. We believe in the long-term value proposition of cryptocurrency and blockchain technologies. DPW is dedicated to our crypto-mining efforts and to our development and manufacturing products and services for the crypto-marketplace.”
Shares of DPW Holdings are up nearly 12% to $1.81 in pre-market trading Wednesday. DPW has a 1-year high of $5.95 and a 1-year low of $0.40. The stock’s 50-day moving average is $2.81 and its 200-day moving average is $1.45.
DPW Holdings engages in the design, development, manufacture, and sale of customized and flexible power system solutions. Its products include adapters, open frame, capacitor chargers, compact peripheral component interface, and front end. It operates though the North America and Europe geographic segments. The North America segment comprises sales through Digital Power Corporation. The Europe segment includes sales through Digital Power Limited.