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Wednesday, November 25, 2020

Directview Holdings Inc (OTCMKTS:DIRV) on a Bull Run

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Directview Holdings Inc (OTCMKTS:DIRV) is a stock we profiled a few days ago as a potential breakout in the making. The action has continued to heat up leading to an explosion higher to start this week, with shares launching nearly 100% higher on the day on a continued ramp in trading volume. There doesn’t appear to be any particular clear catalyst for the move, but the company has put out a series of catalysts of late, and this one is certainly no stranger to “investor awareness” activity over the years.

The most recent tangible catalyst doesn’t scream of an explanation for this move, but it should be noted: a few days ago, the company announced that it intends to relaunch a fully redesigned ApexCCTV.com website in the summer of 2018. This refers to a recent acquisition by the company, and one that, reportedly, has been strong on the top-line. Perhaps the reminder of this asset has helped to foment enthusiasm over the course of this move.

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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As noted above, DIRV shares have been on a major bull trend over the past month – one that boiled over on Monday in the form of a high-volume breakout leading to nearly triple-digit single-day gains.

This comes in the context of strong company performance in revenue growth, but also into the teeth of a troubled balance sheet featuring a low cash balance that contends with over $5M in current liabilities. But the ApexCCTV deal apparently continues to be a bull item.

Roger Ralston, DirectView CEO, stated: “ApexCCTV.com generated over $10 million since its inception, and approximately $2.7 million in revenue in 2016 alone. We strongly believe that an investment in the redesign of the ApexCCTV.com site will enable us to unlock additional growth potential for this important aspect of DirectView’s business. By providing an interactive experience with in-depth product information that is fully SEO optimized, we are confident that we can expand our customer base, attract new product suppliers, grow revenue and build lasting value for our shareholders.”

Now commanding a market cap of $308.54k, DIRV has a store ($203K) of cash on the books, which must be weighed relative to 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%. As more color becomes clear on the name, we will review the situation and update our take. 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.

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