WEB NEWS Comments & Business Outlook
SANTA CLARA, CA--(Marketwired - Aug 21, 2013 ) - Document Capture Technologies (DCT) (OTCBB : DCMT) today announced a partnership with D&H Distributing, the nation's leading Information technology distributor, to help launch the SimpleScan document capture and management service. At the core of DCT's revolutionary product is a next-generation portable scanner which is seamlessly integrated with a wide range of cloud services, applications and even smart phone apps. Designed for the Small and Medium Size Business (SMB), these stylish scanners realize the true potential of mobility and give people the choice to scan documents to a local drive or directly into popular cloud services, such as Box, Dropbox, Expensify and Evernote. As part of their agreement, DCT is joining the D&H Business Assurance credit program that supports VAR's and independent resellers in driving success and ensuring support.
The pioneering hardware design and flexible configuration of the USB-powered SimpleScan SP (simplex) and SimpleScan DP (duplex) portable desktop scanners make it easy and efficient to digitize single or double sided documents on-the-go or at the desk.
With every scanner, the user enjoys a complimentary online account to SimpleScan Connect, where they can access favorite online storage and processing services. Mobile apps for iOS and Android are also part of the SimpleScan Connect productivity suite.
"D&H is the perfect partner for the launch of SimpleScan and the relationship underscores the commitment we've made to designing and delivering disruptive document management products for the SMB," said Karl Etzel, Chief Marketing Officer at DCT. "D&H are the experts in the SMB market with a strong and loyal channel. Together we will meet the growing need to capture and manage important information: no matter where we are or how we interact with that information."
PRICING & AVAILABILITY*Available in white or black. MSRP $159.
The SimpleScan DP is a mobile duplex (double-sided) scanner that offers an optical resolution of 300 dpi. Scanning speed is 10ppm B&W and 4ppm Color. Weight 19 oz.*Available in white or black. MSRP $199.
Both scanners are available and ready to ship now. DCT's commitment to independent retailers and channel partners includes enforcement of a Minimum Advertised Price (MAP) policy.
Comments & Business Outlook
SANTA CLARA, CA--(Marketwired - Aug 14, 2013 ) - Document Capture Technologies, Inc. (DCT) (OTCBB : DCMT), a diversified provider of document capture and information management technologies, today announced Q2 2013 sales of $4.2 million. DCT reported gross profit of $1.7M during Q2 2013. Total operating expenses during Q2 2013 were $1.5 million. Q2 2013 EBITDA* (earnings before interest, taxes, depreciation and amortization) was $260,000. DCT ended Q2 2013 with no debt, working capital of $5.2 million, and an available borrowing capacity on its bank line of credit of $1.8 million.
DOCUMENT CAPTURE TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in thousands, except per share amounts)
Three Months Ended June 30,
Six Months Ended June 30,
2013
2012
2013
2012
Net sales
$
4,247
$
4,615
$
7,700
$
9,025
Cost of sales
2,576
3,125
4,708
5,834
Gross profit
1,671
1,490
2,992
3,191
Operating expenses:
Selling, general and administrative
1,071
1,409
2,725
2,843
Research and development
438
368
881
835
Total operating expenses
1,509
1,777
3,606
3,678
Operating income (loss)
162
(287
)
(614
)
(487
)
Non-operating (expense) income, net
(24
)
303
(42
)
446
Net income (loss)
$
138
$
16
$
(656
)
$
(41
)
Basic income (loss) per common share – basic and diluted
$
0.01
$
0.00
$
(0.03
)
$
(0.00
)
Weighted average common shares outstanding –
Basic
22,420
21,567
22,248
20,637
Diluted
22,794
22,225
22,248
20,637
Comments & Business Outlook
Third Quarter 2011 Results (Reported on 11/14/2011)
Third quarter 2011 revenues of $5.3 million, up 48% over Q3 2010.
Third quarter fully diluted income of 3 cents a share for the quarter
"For the eighth consecutive quarter, through the worst economic landscape in a generation, DCT continues to deliver consistent revenue growth as we execute our aggressive business plan," said David P. Clark, Chief Executive Officer of Document Capture. "Q3 revenues are the best so far in our history and management remains confident that the momentum of our global sales and partnership initiatives will continue this trend and deliver a record 2011 and beyond."
