Directview Holdings Inc (OTCMKTS:DIRV) is a penny stock that has started to garner attention as the stock bounces up the chart on steadily increasing volume. Note that there may be factors other than fundamentals at work in this case. However, the company did very recently announce that it has been selected to provide comprehensive security solution installations of “all security surveillance equipment and infrastructure at all current and upcoming production plants and distribution locations, including an ongoing service contract,” for a $3.7B publicly-traded player in the food production space.
According to the release, “the client has several production plants, operating 24 hours a day, 7 days a week producing food products. This prestigious company has several distribution locations and subsidiaries across the nation and around the world. The client’s locations range anywhere from a few thousand square feet to a million square feet, requiring hundreds of surveillance cameras and numerous network video management servers designed by DirectView. The company is also installing access control, including thousands of feet of required cabling, where necessary, at the client’s desired locations. The first production location is in its final stage of completion and is valued at just under $300,000 for that one location. DirectView is also in the process of designing and providing quotes for a number of other locations for the client, across the United States. The company has already completed some distribution locations for the client.”
Directview Holdings Inc (OTCMKTS:DIRV) casts itself as a company that, through its subsidiaries, operates as a full-service provider of teleconferencing services to businesses and organizations. The company operates in two divisions, Security and Surveillance, and Video Conferencing Services.
The Security and Surveillance division provides surveillance systems, and digital video recording and services, including DVR recorders and cameras, video intercoms, NVR recorders and IP cameras, laser and video beam perimeter security products, motion detection and thermal imagery products, security design and consulting, remote control device management, equipment maintenance service plans, and access control solutions.
It also develops customized software programs; and DirectView Security App, a mobile application to enable full remote management of deployed surveillance devices, such as positioning cameras, setting recording parameters, and replay of selected video. This division serves transportation, hospitality, industrial, educational, and residential markets. The Video Conferencing Services division provides multipoint video conferencing, network integration, custom room design, staffing, document conferencing, and IP/Web conferencing services that enable its clients to conduct remote meetings by linking participants in geographically dispersed locations. It is also involved in the sale of conferencing services based upon usage, sale and installation of video equipment, and sale of maintenance agreements.
This division provides its services to organizations, such as professional service firms, investment banks, high tech companies, law firms, investor relations firms, and other domestic and multinational companies in commercial, government, medical, and educational sectors. The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Website. DirectView Holdings, Inc. was founded in 2006 and is based in Boca Raton, Florida.
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Roger Ralston, DirectView CEO, states, “We continue to find massive opportunities with current and new clients in the surveillance camera and VMS space we serve. Being selected by a world leading company such as this serves as a testament to our accomplishments in 2018, as we quickly become one of the fastest growing companies in the security industry. DirectView is currently realizing record sales and increasing profits and looks to parlay that into continued growth both organically and through its rollup strategy.”
Traders will note above 250% during the past month in terms of shareholder gains in the name, a bounce that has taken root amid largely bearish action over the larger time frame. Moreover, the listing has seen a growing influx of trading interest, with the stock’s recent average trading volume running just shy of 520% over the long run average.
Now commanding a market cap of $306k, DIRV has a bankroll ($203K) of cash on the books, which compares with about $5.3M in total current liabilities. One should also note that debt has been growing over recent quarters. DIRV is pulling in trailing 12-month revenues of $2.8M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 1342%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $DIRV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $DIRV, either long or short, and we have not been compensated for this article.