DSS, Inc. (DSS) 10-Year Financial Performance & Capital Metrics

DSS • • Industrial / General

Consumer CyclicalPackagingPaper & Fiber PackagingPaperboard Packaging

AboutDSS, Inc. operates in the product packaging, biotechnology, direct, commercial lending, securities and investment management, alternative trading, digital transformation, secure living, and alternative energy businesses worldwide. It manufactures, markets, and sells custom folding cartons, mailers, photo sleeves, and 3-dimensional direct mail solutions; and markets and distributes nutritional and personal care products. The company also invests in or acquires companies in the biohealth and biomedical fields, including businesses that focuses on the advancement of drug discovery and prevention, inhibition, and treatment of neurological, oncological, and immune related diseases; and develops open-air defense initiatives for air-borne infectious diseases comprising tuberculosis and influenza. In addition, it focuses on acquiring equity positions in undervalued commercial banks, bank holding companies, and nonbanking licensed financial companies; and companies engaged in—nonbanking activities related to banking, including loan syndication services, mortgage banking, trust and escrow services, banking technology, loan servicing, equipment leasing, problem asset management, special purpose acquisition company consulting, and advisory capital raising services. Further, the company provides securities and investment management services, as well as operates a real estate investment trust for acquiring hospitals and other acute or post-acute care centers; and focuses on developing healthy living communities. Additionally, it develops and/or acquires assets and investments in the securities trading and/or funds management arena, as well as operates as a digital assets broker dealer; and offers solar farms, solar battery banks, and residential energy creation and storage services. The company was formerly known as Document Security Systems, Inc. and changed its name to DSS, Inc. in September 2021. DSS, Inc. was incorporated in 1984 and is headquartered in West Henrietta, New York.Show more

Revenue $19M -26.4%
EBITDA -$40M +11.4%
Net Income -$47M +22.6%
EPS (Diluted) -6.63 +23.5%
Gross Margin -23.26% -1210.9%
EBITDA Margin -211.33% -20.3%
Operating Margin -223.05% -13.9%
Net Margin -245.57% -5.0%
ROE -80.9% -60.1%
ROIC -28.42% -28.2%
Debt/Equity 1.96 +159.5%
Interest Coverage -150.52 -63.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.2x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.43%

5Y4.2%

3Y-1.98%

TTM10.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-3.86%

EPS CAGR

10Y-

5Y-

3Y-

TTM-0.16%

ROCE

10Y Avg-29.25%

5Y Avg-29.89%

3Y Avg-37.48%

Latest-61.29%

Peer Comparison

Paperboard Packaging

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
GPKGraphic Packaging Holding Company	4.56B	15.44	7.15	-6.59%	5.94%	15.55%	1.81
DSSDSS, Inc.	9.55M	1.05	-0.16	-26.36%	-212.07%	-164.64%	1.96
MGIHMillennium Group International Holdings Limited	16.88M	1.50	-1.92	-15.5%	-18.32%	-47.21%	0.20

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	17.5M	19.18M	18.66M	18.52M	15.55M	15.37M	20.27M	28.38M	25.93M	19.1M
Revenue Growth %	-0.04%	0.1%	-0.03%	-0.01%	-0.16%	-0.01%	0.32%	0.4%	-0.09%	-0.26%
Cost of Goods Sold+	10.66M	11.12M	11.01M	11.85M	10.34M	11.01M	12.27M	32.99M	25.39M	23.54M
COGS % of Revenue	0.61%	0.58%	0.59%	0.64%	0.67%	0.72%	0.61%	1.16%	0.98%	1.23%
Gross Profit+	6.84M	8.06M	7.65M	6.66M	5.21M	4.36M	8M	-4.61M	543K	-4.44M
Gross Margin %	0.39%	0.42%	0.41%	0.36%	0.33%	0.28%	0.39%	-0.16%	0.02%	-0.23%
Gross Profit Growth %	0.04%	0.18%	-0.05%	-0.13%	-0.22%	-0.16%	0.84%	-1.58%	1.12%	-9.18%
Operating Expenses+	9.27M	8.72M	7.88M	8.37M	7.83M	15.79M	176K	25.37M	51.32M	38.15M
OpEx % of Revenue	0.53%	0.45%	0.42%	0.45%	0.5%	1.03%	0.01%	0.89%	1.98%	2%
Selling, General & Admin	9.27M	7.33M	6.47M	6.84M	6.89M	13.47M	22.4M	20.07M	11.98M	10.37M
SG&A % of Revenue	0.53%	0.38%	0.35%	0.37%	0.44%	0.88%	1.1%	0.71%	0.46%	0.54%
Research & Development	470K	435K	106K	146K	-12K	210K	1.08M	1.26M	1.69M	278K
R&D % of Revenue	0.03%	0.02%	0.01%	0.01%	-0%	0.01%	0.05%	0.04%	0.06%	0.01%
Other Operating Expenses	2.48M	1.39M	1.41M	1.28M	943K	2.11M	5.93M	4.05M	37.66M	27.51M
Operating Income+	-14.08M	-660K	-226K	-1.71M	-2.62M	-11.43M	-23.53M	-29.98M	-50.78M	-42.6M
Operating Margin %	-0.8%	-0.03%	-0.01%	-0.09%	-0.17%	-0.74%	-1.16%	-1.06%	-1.96%	-2.23%
Operating Income Growth %	-0.49%	0.95%	0.66%	-6.56%	-0.53%	-3.37%	-1.06%	-0.27%	-0.69%	0.16%
EBITDA+	-12.52M	732K	1.19M	-427K	-1.47M	-10.36M	-18.7M	-17.8M	-45.57M	-40.36M
EBITDA Margin %	-0.72%	0.04%	0.06%	-0.02%	-0.09%	-0.67%	-0.92%	-0.63%	-1.76%	-2.11%
EBITDA Growth %	-2%	1.06%	0.62%	-1.36%	-2.43%	-6.07%	-0.81%	0.05%	-1.56%	0.11%
D&A (Non-Cash Add-back)	1.56M	1.39M	1.41M	1.28M	1.15M	1.07M	4.83M	12.17M	5.21M	2.24M
EBIT	-13.95M	-660K	-376K	1.67M	-2.6M	469K	-40.01M	-42.61M	-73.49M	-53.41M
Net Interest Income+	-335K	-279K	-373.25K	-182.44K	-103K	-122K	4.36M	503K	736K	57K
Interest Income	0	0	4.21K	8.63K	25K	69K	4.56M	629K	1.29M	340K
Interest Expense	335K	279K	377.46K	191.07K	128K	191K	196K	126K	553K	283K
Other Income/Expense	-204K	-279K	-373K	3.19M	-103K	11.71M	-16.67M	-12.76M	-23.26M	-11.1M
Pretax Income+	-14.29M	-939K	-599K	1.48M	-2.72M	286K	-40.2M	-42.74M	-74.04M	-53.7M
Pretax Margin %	-0.82%	-0.05%	-0.03%	0.08%	-0.17%	0.02%	-1.98%	-1.51%	-2.86%	-2.81%
Income Tax+	22K	10.73K	-20.96K	16.59K	-125K	-1.77M	-4.03M	172K	4K	8K
Effective Tax Rate %	1%	1.01%	0.96%	0.99%	1.06%	6.64%	0.82%	1.4%	0.82%	0.87%
Net Income+	-14.31M	-950K	-578K	1.47M	-2.89M	1.9M	-33.12M	-59.84M	-60.63M	-46.9M
Net Margin %	-0.82%	-0.05%	-0.03%	0.08%	-0.19%	0.12%	-1.63%	-2.11%	-2.34%	-2.46%
Net Income Growth %	0.65%	0.93%	0.39%	3.53%	-2.97%	1.66%	-18.44%	-0.81%	-0.01%	0.23%
Net Income (Continuing)	-14.31M	-950K	-578K	1.47M	-2.6M	2.06M	-36.17M	-42.91M	-74.04M	-53.71M
Discontinued Operations	0	0	0	0	-294K	-641K	2.13M	-26.75M	-3.48M	0
Minority Interest	0	0	0	0	0	3.43M	36.41M	31.12M	19.29M	12.48M
EPS (Diluted)+	-720.01	-42.00	-24.00	2.60	-68.00	8.40	-13.60	-10.73	-8.67	-6.63
EPS Growth %	-5.14%	0.94%	0.43%	1.11%	-27.15%	1.12%	-2.62%	0.21%	0.19%	0.24%
EPS (Basic)	-720.01	-42.00	-24.00	2.63	-61169.59	14.40	-13.22	-10.73	-8.67	-6.63
Diluted Shares Outstanding	397.99K	435.61K	480.81K	564.35K	47	300.96K	2.58M	5.58M	7M	7.07M
Basic Shares Outstanding	397.99K	435.61K	480.81K	557.47K	42.51K	177.42K	2.58M	5.58M	7M	7.07M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	5.08M	9.5M	8.38M	6.52M	7.48M	12.45M	80.31M	47.99M	74.63M	63.82M
Cash & Short-Term Investments	1.44M	5.87M	4.19M	2.32M	1.1M	5.18M	56.59M	19.29M	6.62M	11.43M
Cash Only	1.44M	5.87M	4.19M	2.32M	1.1M	5.18M	56.59M	19.29M	6.62M	11.43M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.1M	1.89M	2.03M	2.22M	4.21M	3.59M	11.98M	19.28M	12.77M	3.65M
Days Sales Outstanding	43.73	35.99	39.61	43.72	98.87	85.25	215.72	247.98	179.68	69.67
Inventory	937.83K	1.21M	1.65M	1.56M	1.37M	1.96M	8.26M	7.72M	2.82M	2.44M
Days Inventory Outstanding	32.1	39.6	54.75	48.15	48.21	64.82	245.72	85.42	40.53	37.87
Other Current Assets	606.57K	527.9K	256K	0	342K	531K	0	1.7M	52.43M	46.3M
Total Non-Current Assets+	10.58M	8.97M	9.05M	8.76M	12.67M	79.48M	202.4M	200.92M	78.56M	42.64M
Property, Plant & Equipment	5M	4.57M	4.81M	5.01M	4.47M	4.3M	18.17M	76.64M	13.63M	11.85M
Fixed Asset Turnover	3.50x	4.19x	3.88x	3.69x	3.48x	3.58x	1.12x	0.37x	1.90x	1.61x
Goodwill	2.45M	2.45M	2.45M	2.45M	2.45M	26.86M	56.61M	60.92M	26.86M	1.77M
Intangible Assets	3.02M	1.9M	1.22M	881.41K	935K	23.46M	38.63M	30.74M	20.19M	18.89M
Long-Term Investments	100.63K	0	484.93K	324.93K	2.15M	23.16M	26.25M	29M	11.39M	9.84M
Other Non-Current Assets	44.05K	45.82K	83.38K	90.32K	2.65M	1.71M	62.74M	3.62M	6.49M	291K
Total Assets+	15.66M	18.47M	17.43M	15.28M	20.15M	91.92M	282.71M	248.92M	153.19M	106.45M
Asset Turnover	1.12x	1.04x	1.07x	1.21x	0.77x	0.17x	0.07x	0.11x	0.17x	0.18x
Asset Growth %	-0.44%	0.18%	-0.06%	-0.12%	0.32%	3.56%	2.08%	-0.12%	-0.38%	-0.31%
Total Current Liabilities+	9.49M	7.7M	9.4M	5.42M	4.16M	8.87M	27.81M	73.69M	55.61M	65.03M
Accounts Payable	1.95M	2.21M	728.65K	1.35M	1.49M	1.46M	1.92M	5.91M	3.65M	2.79M
Days Payables Outstanding	66.57	72.63	24.16	41.49	52.66	48.31	57.11	65.43	52.53	43.31
Short-Term Debt	5.54M	1.2M	4.61M	713.43K	941K	278K	3.92M	47.96M	47.78M	54.78M
Deferred Revenue (Current)	0	1000K	1000K	1000K	0	25K	1000K	707K	222K	1000K
Other Current Liabilities	1.01M	3M	3.07M	1.15M	664K	1.71M	1.47M	14.32M	983K	1.75M
Current Ratio	0.54x	1.23x	0.89x	1.20x	1.80x	1.40x	2.89x	0.65x	1.34x	0.98x
Quick Ratio	0.44x	1.08x	0.72x	0.91x	1.47x	1.18x	2.59x	0.55x	1.29x	0.94x
Cash Conversion Cycle	9.26	2.96	70.2	50.38	94.42	101.76	404.34	267.97	167.67	64.22
Total Non-Current Liabilities+	2.48M	7.48M	3.24M	2.28M	3.69M	6.5M	56.71M	18.55M	14.37M	8.71M
Long-Term Debt	2.24M	5.25M	1.73M	1.72M	2.31M	1.98M	55.71M	10.18M	7.45M	2.4M
Capital Lease Obligations	0	0	0	0	19K	15K	120K	7.82M	6.92M	6.31M
Deferred Tax Liabilities	162.11K	45.62K	125.98K	168.99K	44K	3.5M	0	38K	0	0
Other Non-Current Liabilities	63.7K	2.18M	1.38M	391.32K	1.31M	1.01M	880K	507K	0	0
Total Liabilities	11.97M	15.18M	12.64M	7.71M	7.84M	15.37M	84.52M	92.23M	69.98M	73.74M
Total Debt+	7.83M	6.45M	6.35M	2.44M	3.39M	2.44M	60.14M	66.75M	62.83M	64.1M
Net Debt	6.39M	580.17K	2.16M	117.7K	2.3M	-2.75M	3.54M	47.46M	56.22M	52.67M
Debt / Equity	2.12x	1.96x	1.33x	0.32x	0.28x	0.03x	0.30x	0.43x	0.76x	1.96x
Debt / EBITDA	-	8.81x	5.34x	-	-	-	-	-	-	-
Net Debt / EBITDA	-	0.79x	1.82x	-	-	-	-	-	-	-
Interest Coverage	-42.04x	-2.37x	-0.60x	-8.94x	-20.45x	-59.83x	-120.04x	-237.92x	-91.82x	-150.52x
Total Equity+	3.69M	3.28M	4.79M	7.57M	12.3M	76.55M	198.19M	156.68M	83.21M	32.72M
Equity Growth %	-0.77%	-0.11%	0.46%	0.58%	0.62%	5.22%	1.59%	-0.21%	-0.47%	-0.61%
Book Value per Share	9.26	7.54	9.95	13.42	260481.56	254.34	76.94	28.07	11.89	4.63
Total Shareholders' Equity	3.69M	3.28M	4.79M	7.57M	12.3M	73.11M	161.78M	125.56M	63.93M	20.24M
Common Stock	1.04M	270.05K	331.99K	348.52K	24K	116K	1.59M	2.78M	140K	161K
Retained Earnings	-100.33M	-101.28M	-101.86M	-100.39M	-103.28M	-101.38M	-134.5M	-194.34M	-256.18M	-303.07M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-63.7K	-45.34K	-23.07K	-7.05K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	3.43M	36.41M	31.12M	19.29M	12.48M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-976.63K	5.47M	-1.37M	-1.38M	-5.34M	-6.15M	-8.8M	-26.95M	-19.19M	-9.08M
Operating CF Margin %	-0.06%	0.29%	-0.07%	-0.07%	-0.34%	-0.4%	-0.43%	-0.95%	-0.74%	-0.48%
Operating CF Growth %	0.59%	6.6%	-1.25%	-0.01%	-2.86%	-0.15%	-0.43%	-2.06%	0.29%	0.53%
Net Income	-14.31M	-950K	-578.16K	1.46M	-2.89M	-685K	-34.05M	-69.66M	-74.04M	-53.71M
Depreciation & Amortization	1.56M	1.39M	1.41M	1.28M	1.4M	1.07M	4.32M	12.93M	5.21M	2.24M
Stock-Based Compensation	974.14K	328.57K	214.86K	131.73K	421.67K	156K	78K	4K	0	19K
Deferred Taxes	22.18K	-95.14K	80.36K	9.67K	-125.42K	-1.77M	-4.03M	38K	0	0
Other Non-Cash Items	10.15M	39K	6.78K	-3.31M	1.9K	-8.41M	22.07M	23.53M	58.41M	38.33M
Working Capital Changes	631.14K	4.75M	-2.51M	-956.52K	-4.16M	3.49M	2.81M	6.21M	-8.77M	4.04M
Change in Receivables	238	206.45K	-134.3K	-192.59K	-1.99M	-665K	-2.08M	-1.89M	1.32M	1.14M
Change in Inventory	-68.57K	-268.55K	-444.87K	87.65K	-144.1K	-705K	-8.43M	540K	5.48M	377K
Change in Payables	907.71K	267.58K	-893.43K	618.84K	145K	-183K	463K	3.99M	-2.26M	-861K
Cash from Investing+	-115.97K	151.47K	-970.37K	-1.1M	-3.98M	-9.81M	-119.01M	-17.97M	8.94M	8.81M
Capital Expenditures	-162.26K	-3.39M	-970.37K	-1.1M	-1.36M	-325K	-32.39M	-2.8M	-818K	-133K
CapEx % of Revenue	0.01%	0.18%	0.05%	0.06%	0.09%	0.02%	1.6%	0.1%	0.03%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	46.28K	3.42M	-11.55K	-100.14K	-793.2K	306K	-74.31M	-88K	212K	9.25M
Cash from Financing+	189.19K	-1.19M	654.79K	489.83K	7.97M	20.09M	179.22M	7.62M	-2.42M	5.09M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	288K	-107K	-577K	-1.43M	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.14M	2.08M	-2.34M	-2.49M	-6.7M	-6.48M	-41.2M	-29.75M	-20.01M	-9.21M
FCF Margin %	-0.07%	0.11%	-0.13%	-0.13%	-0.43%	-0.42%	-2.03%	-1.05%	-0.77%	-0.48%
FCF Growth %	0.71%	2.83%	-2.12%	-0.06%	-1.7%	0.03%	-5.36%	0.28%	0.33%	0.54%
FCF per Share	-2.86	4.77	-4.86	-4.41	-141885.17	-21.52	-15.99	-5.33	-2.86	-1.30
FCF Conversion (FCF/Net Income)	0.07x	-5.75x	2.37x	-0.94x	1.85x	-3.24x	0.27x	0.45x	0.32x	0.19x
Interest Paid	0	0	0	0	0	0	0	0	1.29M	720K
Taxes Paid	0	0	0	0	0	0	0	0	6K	8K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-146.44%	-27.25%	-14.32%	23.71%	-29.07%	4.27%	-24.11%	-33.73%	-50.54%	-80.9%
Return on Invested Capital (ROIC)	-66.46%	-7.1%	-3.14%	-17.52%	-17.61%	-19.39%	-12.81%	-11.08%	-22.17%	-28.42%
Gross Margin	39.07%	42.01%	41.01%	35.98%	33.49%	28.35%	39.48%	-16.24%	2.09%	-23.26%
Net Margin	-81.74%	-4.95%	-3.1%	7.91%	-18.58%	12.36%	-163.35%	-210.83%	-233.78%	-245.57%
Debt / Equity	2.12x	1.96x	1.33x	0.32x	0.28x	0.03x	0.30x	0.43x	0.76x	1.96x
Interest Coverage	-42.04x	-2.37x	-0.60x	-8.94x	-20.45x	-59.83x	-120.04x	-237.92x	-91.82x	-150.52x
FCF Conversion	0.07x	-5.75x	2.37x	-0.94x	1.85x	-3.24x	0.27x	0.45x	0.32x	0.19x
Revenue Growth	-4.28%	9.55%	-2.69%	-0.79%	-16.01%	-1.18%	31.95%	39.99%	-8.63%	-26.36%

Revenue by Segment

	2014	2015	2016	2017	2018	2020	2021	2022	2023	2024
Commission Revenue	-	-	-	-	-	-	-	294K	-	972K
Commission Revenue Growth	-	-	-	-	-	-	-	-	-	-
Net Investment Income	-	-	-	-	-	-	250K	630K	-	226K
Net Investment Income Growth	-	-	-	-	-	-	-	152.00%	-	-
Management Fee Income	-	-	-	-	-	-	24K	134K	-	-
Management Fee Income Growth	-	-	-	-	-	-	-	458.33%	-	-
Printed Products	-	-	-	-	-	13M	-	-	-	-
Printed Products Growth	-	-	-	-	-	-	-	-	-	-
Direct Marketing	-	-	-	-	-	2.33M	-	-	-	-
Direct Marketing Growth	-	-	-	-	-	-	-	-	-	-
Technology Sales, Services and Licensing	-	-	-	-	-	2.08M	-	-	-	-
Technology Sales, Services and Licensing Growth	-	-	-	-	-	-	-	-	-	-
Digital Authentication Products and Services	-	-	-	-	772K	-	-	-	-	-
Digital Authentication Products and Services Growth	-	-	-	-	-	-	-	-	-	-
Royalties from Licensees	-	-	-	-	458K	-	-	-	-	-
Royalties from Licensees Growth	-	-	-	-	-	-	-	-	-	-
Information Technology Sales and Services	-	-	-	-	345K	-	-	-	-	-
Information Technology Sales and Services Growth	-	-	-	-	-	-	-	-	-	-
PackagingAndPrintingMember	-	-	-	12.56M	-	-	-	-	-	-
PackagingAndPrintingMember Growth	-	-	-	-	-	-	-	-	-	-
Plastics	-	-	-	4.47M	-	-	-	-	-	-
Plastics Growth	-	-	-	-	-	-	-	-	-	-
Technology	-	-	-	1.64M	-	-	-	-	-	-
Technology Growth	-	-	-	-	-	-	-	-	-	-
Packaging and Printing Group	-	-	12.93M	-	-	-	-	-	-	-
Packaging and Printing Group Growth	-	-	-	-	-	-	-	-	-	-
Document Security Systems Plastics Group	3.55M	3.9M	4.34M	-	-	-	-	-	-	-
Document Security Systems Plastics Group Growth	-	9.91%	11.27%	-	-	-	-	-	-	-
Technology Management	-	-	1.9M	-	-	-	-	-	-	-
Technology Management Growth	-	-	-	-	-	-	-	-	-	-
Document Security Systems Packaging Group	12.93M	11.8M	-	-	-	-	-	-	-	-
Document Security Systems Packaging Group Growth	-	-8.73%	-	-	-	-	-	-	-	-
Document Security Systems Technology Management	-	1.8M	-	-	-	-	-	-	-	-
Document Security Systems Technology Management Growth	-	-	-	-	-	-	-	-	-	-
Document Security Systems Digital Group	1.81M	-	-	-	-	-	-	-	-	-
Document Security Systems Digital Group Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

DSS, Inc. (DSS) reported $21.3M in revenue for fiscal year 2024. This represents a 59% increase from $13.4M in 2011.

DSS, Inc. (DSS) saw revenue decline by 26.4% over the past year.

DSS, Inc. (DSS) reported a net loss of $45.1M for fiscal year 2024.

Dividend & Returns

DSS, Inc. (DSS) has a return on equity (ROE) of -80.9%. Negative ROE indicates the company is unprofitable.

DSS, Inc. (DSS) had negative free cash flow of $3.3M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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DSS, Inc. (DSS) 10-Year Financial Performance & Capital Metrics

DSS • • Industrial / General

Consumer CyclicalPackagingPaper & Fiber PackagingPaperboard Packaging

Revenue $19M -26.4%
EBITDA -$40M +11.4%
Net Income -$47M +22.6%
EPS (Diluted) -6.63 +23.5%
Gross Margin -23.26% -1210.9%
EBITDA Margin -211.33% -20.3%
Operating Margin -223.05% -13.9%
Net Margin -245.57% -5.0%
ROE -80.9% -60.1%
ROIC -28.42% -28.2%
Debt/Equity 1.96 +159.5%
Interest Coverage -150.52 -63.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.2x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.43%

5Y4.2%

3Y-1.98%

TTM10.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-3.86%

EPS CAGR

10Y-

5Y-

3Y-

TTM-0.16%

ROCE

10Y Avg-29.25%

5Y Avg-29.89%

3Y Avg-37.48%

Latest-61.29%

Peer Comparison

Paperboard Packaging

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
GPKGraphic Packaging Holding Company	4.56B	15.44	7.15	-6.59%	5.94%	15.55%	1.81
DSSDSS, Inc.	9.55M	1.05	-0.16	-26.36%	-212.07%	-164.64%	1.96
MGIHMillennium Group International Holdings Limited	16.88M	1.50	-1.92	-15.5%	-18.32%	-47.21%	0.20

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	17.5M	19.18M	18.66M	18.52M	15.55M	15.37M	20.27M	28.38M	25.93M	19.1M
Revenue Growth %	-0.04%	0.1%	-0.03%	-0.01%	-0.16%	-0.01%	0.32%	0.4%	-0.09%	-0.26%
Cost of Goods Sold+	10.66M	11.12M	11.01M	11.85M	10.34M	11.01M	12.27M	32.99M	25.39M	23.54M
COGS % of Revenue	0.61%	0.58%	0.59%	0.64%	0.67%	0.72%	0.61%	1.16%	0.98%	1.23%
Gross Profit+	6.84M	8.06M	7.65M	6.66M	5.21M	4.36M	8M	-4.61M	543K	-4.44M
Gross Margin %	0.39%	0.42%	0.41%	0.36%	0.33%	0.28%	0.39%	-0.16%	0.02%	-0.23%
Gross Profit Growth %	0.04%	0.18%	-0.05%	-0.13%	-0.22%	-0.16%	0.84%	-1.58%	1.12%	-9.18%
Operating Expenses+	9.27M	8.72M	7.88M	8.37M	7.83M	15.79M	176K	25.37M	51.32M	38.15M
OpEx % of Revenue	0.53%	0.45%	0.42%	0.45%	0.5%	1.03%	0.01%	0.89%	1.98%	2%
Selling, General & Admin	9.27M	7.33M	6.47M	6.84M	6.89M	13.47M	22.4M	20.07M	11.98M	10.37M
SG&A % of Revenue	0.53%	0.38%	0.35%	0.37%	0.44%	0.88%	1.1%	0.71%	0.46%	0.54%
Research & Development	470K	435K	106K	146K	-12K	210K	1.08M	1.26M	1.69M	278K
R&D % of Revenue	0.03%	0.02%	0.01%	0.01%	-0%	0.01%	0.05%	0.04%	0.06%	0.01%
Other Operating Expenses	2.48M	1.39M	1.41M	1.28M	943K	2.11M	5.93M	4.05M	37.66M	27.51M
Operating Income+	-14.08M	-660K	-226K	-1.71M	-2.62M	-11.43M	-23.53M	-29.98M	-50.78M	-42.6M
Operating Margin %	-0.8%	-0.03%	-0.01%	-0.09%	-0.17%	-0.74%	-1.16%	-1.06%	-1.96%	-2.23%
Operating Income Growth %	-0.49%	0.95%	0.66%	-6.56%	-0.53%	-3.37%	-1.06%	-0.27%	-0.69%	0.16%
EBITDA+	-12.52M	732K	1.19M	-427K	-1.47M	-10.36M	-18.7M	-17.8M	-45.57M	-40.36M
EBITDA Margin %	-0.72%	0.04%	0.06%	-0.02%	-0.09%	-0.67%	-0.92%	-0.63%	-1.76%	-2.11%
EBITDA Growth %	-2%	1.06%	0.62%	-1.36%	-2.43%	-6.07%	-0.81%	0.05%	-1.56%	0.11%
D&A (Non-Cash Add-back)	1.56M	1.39M	1.41M	1.28M	1.15M	1.07M	4.83M	12.17M	5.21M	2.24M
EBIT	-13.95M	-660K	-376K	1.67M	-2.6M	469K	-40.01M	-42.61M	-73.49M	-53.41M
Net Interest Income+	-335K	-279K	-373.25K	-182.44K	-103K	-122K	4.36M	503K	736K	57K
Interest Income	0	0	4.21K	8.63K	25K	69K	4.56M	629K	1.29M	340K
Interest Expense	335K	279K	377.46K	191.07K	128K	191K	196K	126K	553K	283K
Other Income/Expense	-204K	-279K	-373K	3.19M	-103K	11.71M	-16.67M	-12.76M	-23.26M	-11.1M
Pretax Income+	-14.29M	-939K	-599K	1.48M	-2.72M	286K	-40.2M	-42.74M	-74.04M	-53.7M
Pretax Margin %	-0.82%	-0.05%	-0.03%	0.08%	-0.17%	0.02%	-1.98%	-1.51%	-2.86%	-2.81%
Income Tax+	22K	10.73K	-20.96K	16.59K	-125K	-1.77M	-4.03M	172K	4K	8K
Effective Tax Rate %	1%	1.01%	0.96%	0.99%	1.06%	6.64%	0.82%	1.4%	0.82%	0.87%
Net Income+	-14.31M	-950K	-578K	1.47M	-2.89M	1.9M	-33.12M	-59.84M	-60.63M	-46.9M
Net Margin %	-0.82%	-0.05%	-0.03%	0.08%	-0.19%	0.12%	-1.63%	-2.11%	-2.34%	-2.46%
Net Income Growth %	0.65%	0.93%	0.39%	3.53%	-2.97%	1.66%	-18.44%	-0.81%	-0.01%	0.23%
Net Income (Continuing)	-14.31M	-950K	-578K	1.47M	-2.6M	2.06M	-36.17M	-42.91M	-74.04M	-53.71M
Discontinued Operations	0	0	0	0	-294K	-641K	2.13M	-26.75M	-3.48M	0
Minority Interest	0	0	0	0	0	3.43M	36.41M	31.12M	19.29M	12.48M
EPS (Diluted)+	-720.01	-42.00	-24.00	2.60	-68.00	8.40	-13.60	-10.73	-8.67	-6.63
EPS Growth %	-5.14%	0.94%	0.43%	1.11%	-27.15%	1.12%	-2.62%	0.21%	0.19%	0.24%
EPS (Basic)	-720.01	-42.00	-24.00	2.63	-61169.59	14.40	-13.22	-10.73	-8.67	-6.63
Diluted Shares Outstanding	397.99K	435.61K	480.81K	564.35K	47	300.96K	2.58M	5.58M	7M	7.07M
Basic Shares Outstanding	397.99K	435.61K	480.81K	557.47K	42.51K	177.42K	2.58M	5.58M	7M	7.07M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	5.08M	9.5M	8.38M	6.52M	7.48M	12.45M	80.31M	47.99M	74.63M	63.82M
Cash & Short-Term Investments	1.44M	5.87M	4.19M	2.32M	1.1M	5.18M	56.59M	19.29M	6.62M	11.43M
Cash Only	1.44M	5.87M	4.19M	2.32M	1.1M	5.18M	56.59M	19.29M	6.62M	11.43M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.1M	1.89M	2.03M	2.22M	4.21M	3.59M	11.98M	19.28M	12.77M	3.65M
Days Sales Outstanding	43.73	35.99	39.61	43.72	98.87	85.25	215.72	247.98	179.68	69.67
Inventory	937.83K	1.21M	1.65M	1.56M	1.37M	1.96M	8.26M	7.72M	2.82M	2.44M
Days Inventory Outstanding	32.1	39.6	54.75	48.15	48.21	64.82	245.72	85.42	40.53	37.87
Other Current Assets	606.57K	527.9K	256K	0	342K	531K	0	1.7M	52.43M	46.3M
Total Non-Current Assets+	10.58M	8.97M	9.05M	8.76M	12.67M	79.48M	202.4M	200.92M	78.56M	42.64M
Property, Plant & Equipment	5M	4.57M	4.81M	5.01M	4.47M	4.3M	18.17M	76.64M	13.63M	11.85M
Fixed Asset Turnover	3.50x	4.19x	3.88x	3.69x	3.48x	3.58x	1.12x	0.37x	1.90x	1.61x
Goodwill	2.45M	2.45M	2.45M	2.45M	2.45M	26.86M	56.61M	60.92M	26.86M	1.77M
Intangible Assets	3.02M	1.9M	1.22M	881.41K	935K	23.46M	38.63M	30.74M	20.19M	18.89M
Long-Term Investments	100.63K	0	484.93K	324.93K	2.15M	23.16M	26.25M	29M	11.39M	9.84M
Other Non-Current Assets	44.05K	45.82K	83.38K	90.32K	2.65M	1.71M	62.74M	3.62M	6.49M	291K
Total Assets+	15.66M	18.47M	17.43M	15.28M	20.15M	91.92M	282.71M	248.92M	153.19M	106.45M
Asset Turnover	1.12x	1.04x	1.07x	1.21x	0.77x	0.17x	0.07x	0.11x	0.17x	0.18x
Asset Growth %	-0.44%	0.18%	-0.06%	-0.12%	0.32%	3.56%	2.08%	-0.12%	-0.38%	-0.31%
Total Current Liabilities+	9.49M	7.7M	9.4M	5.42M	4.16M	8.87M	27.81M	73.69M	55.61M	65.03M
Accounts Payable	1.95M	2.21M	728.65K	1.35M	1.49M	1.46M	1.92M	5.91M	3.65M	2.79M
Days Payables Outstanding	66.57	72.63	24.16	41.49	52.66	48.31	57.11	65.43	52.53	43.31
Short-Term Debt	5.54M	1.2M	4.61M	713.43K	941K	278K	3.92M	47.96M	47.78M	54.78M
Deferred Revenue (Current)	0	1000K	1000K	1000K	0	25K	1000K	707K	222K	1000K
Other Current Liabilities	1.01M	3M	3.07M	1.15M	664K	1.71M	1.47M	14.32M	983K	1.75M
Current Ratio	0.54x	1.23x	0.89x	1.20x	1.80x	1.40x	2.89x	0.65x	1.34x	0.98x
Quick Ratio	0.44x	1.08x	0.72x	0.91x	1.47x	1.18x	2.59x	0.55x	1.29x	0.94x
Cash Conversion Cycle	9.26	2.96	70.2	50.38	94.42	101.76	404.34	267.97	167.67	64.22
Total Non-Current Liabilities+	2.48M	7.48M	3.24M	2.28M	3.69M	6.5M	56.71M	18.55M	14.37M	8.71M
Long-Term Debt	2.24M	5.25M	1.73M	1.72M	2.31M	1.98M	55.71M	10.18M	7.45M	2.4M
Capital Lease Obligations	0	0	0	0	19K	15K	120K	7.82M	6.92M	6.31M
Deferred Tax Liabilities	162.11K	45.62K	125.98K	168.99K	44K	3.5M	0	38K	0	0
Other Non-Current Liabilities	63.7K	2.18M	1.38M	391.32K	1.31M	1.01M	880K	507K	0	0
Total Liabilities	11.97M	15.18M	12.64M	7.71M	7.84M	15.37M	84.52M	92.23M	69.98M	73.74M
Total Debt+	7.83M	6.45M	6.35M	2.44M	3.39M	2.44M	60.14M	66.75M	62.83M	64.1M
Net Debt	6.39M	580.17K	2.16M	117.7K	2.3M	-2.75M	3.54M	47.46M	56.22M	52.67M
Debt / Equity	2.12x	1.96x	1.33x	0.32x	0.28x	0.03x	0.30x	0.43x	0.76x	1.96x
Debt / EBITDA	-	8.81x	5.34x	-	-	-	-	-	-	-
Net Debt / EBITDA	-	0.79x	1.82x	-	-	-	-	-	-	-
Interest Coverage	-42.04x	-2.37x	-0.60x	-8.94x	-20.45x	-59.83x	-120.04x	-237.92x	-91.82x	-150.52x
Total Equity+	3.69M	3.28M	4.79M	7.57M	12.3M	76.55M	198.19M	156.68M	83.21M	32.72M
Equity Growth %	-0.77%	-0.11%	0.46%	0.58%	0.62%	5.22%	1.59%	-0.21%	-0.47%	-0.61%
Book Value per Share	9.26	7.54	9.95	13.42	260481.56	254.34	76.94	28.07	11.89	4.63
Total Shareholders' Equity	3.69M	3.28M	4.79M	7.57M	12.3M	73.11M	161.78M	125.56M	63.93M	20.24M
Common Stock	1.04M	270.05K	331.99K	348.52K	24K	116K	1.59M	2.78M	140K	161K
Retained Earnings	-100.33M	-101.28M	-101.86M	-100.39M	-103.28M	-101.38M	-134.5M	-194.34M	-256.18M	-303.07M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-63.7K	-45.34K	-23.07K	-7.05K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	3.43M	36.41M	31.12M	19.29M	12.48M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-976.63K	5.47M	-1.37M	-1.38M	-5.34M	-6.15M	-8.8M	-26.95M	-19.19M	-9.08M
Operating CF Margin %	-0.06%	0.29%	-0.07%	-0.07%	-0.34%	-0.4%	-0.43%	-0.95%	-0.74%	-0.48%
Operating CF Growth %	0.59%	6.6%	-1.25%	-0.01%	-2.86%	-0.15%	-0.43%	-2.06%	0.29%	0.53%
Net Income	-14.31M	-950K	-578.16K	1.46M	-2.89M	-685K	-34.05M	-69.66M	-74.04M	-53.71M
Depreciation & Amortization	1.56M	1.39M	1.41M	1.28M	1.4M	1.07M	4.32M	12.93M	5.21M	2.24M
Stock-Based Compensation	974.14K	328.57K	214.86K	131.73K	421.67K	156K	78K	4K	0	19K
Deferred Taxes	22.18K	-95.14K	80.36K	9.67K	-125.42K	-1.77M	-4.03M	38K	0	0
Other Non-Cash Items	10.15M	39K	6.78K	-3.31M	1.9K	-8.41M	22.07M	23.53M	58.41M	38.33M
Working Capital Changes	631.14K	4.75M	-2.51M	-956.52K	-4.16M	3.49M	2.81M	6.21M	-8.77M	4.04M
Change in Receivables	238	206.45K	-134.3K	-192.59K	-1.99M	-665K	-2.08M	-1.89M	1.32M	1.14M
Change in Inventory	-68.57K	-268.55K	-444.87K	87.65K	-144.1K	-705K	-8.43M	540K	5.48M	377K
Change in Payables	907.71K	267.58K	-893.43K	618.84K	145K	-183K	463K	3.99M	-2.26M	-861K
Cash from Investing+	-115.97K	151.47K	-970.37K	-1.1M	-3.98M	-9.81M	-119.01M	-17.97M	8.94M	8.81M
Capital Expenditures	-162.26K	-3.39M	-970.37K	-1.1M	-1.36M	-325K	-32.39M	-2.8M	-818K	-133K
CapEx % of Revenue	0.01%	0.18%	0.05%	0.06%	0.09%	0.02%	1.6%	0.1%	0.03%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	46.28K	3.42M	-11.55K	-100.14K	-793.2K	306K	-74.31M	-88K	212K	9.25M
Cash from Financing+	189.19K	-1.19M	654.79K	489.83K	7.97M	20.09M	179.22M	7.62M	-2.42M	5.09M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	288K	-107K	-577K	-1.43M	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.14M	2.08M	-2.34M	-2.49M	-6.7M	-6.48M	-41.2M	-29.75M	-20.01M	-9.21M
FCF Margin %	-0.07%	0.11%	-0.13%	-0.13%	-0.43%	-0.42%	-2.03%	-1.05%	-0.77%	-0.48%
FCF Growth %	0.71%	2.83%	-2.12%	-0.06%	-1.7%	0.03%	-5.36%	0.28%	0.33%	0.54%
FCF per Share	-2.86	4.77	-4.86	-4.41	-141885.17	-21.52	-15.99	-5.33	-2.86	-1.30
FCF Conversion (FCF/Net Income)	0.07x	-5.75x	2.37x	-0.94x	1.85x	-3.24x	0.27x	0.45x	0.32x	0.19x
Interest Paid	0	0	0	0	0	0	0	0	1.29M	720K
Taxes Paid	0	0	0	0	0	0	0	0	6K	8K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-146.44%	-27.25%	-14.32%	23.71%	-29.07%	4.27%	-24.11%	-33.73%	-50.54%	-80.9%
Return on Invested Capital (ROIC)	-66.46%	-7.1%	-3.14%	-17.52%	-17.61%	-19.39%	-12.81%	-11.08%	-22.17%	-28.42%
Gross Margin	39.07%	42.01%	41.01%	35.98%	33.49%	28.35%	39.48%	-16.24%	2.09%	-23.26%
Net Margin	-81.74%	-4.95%	-3.1%	7.91%	-18.58%	12.36%	-163.35%	-210.83%	-233.78%	-245.57%
Debt / Equity	2.12x	1.96x	1.33x	0.32x	0.28x	0.03x	0.30x	0.43x	0.76x	1.96x
Interest Coverage	-42.04x	-2.37x	-0.60x	-8.94x	-20.45x	-59.83x	-120.04x	-237.92x	-91.82x	-150.52x
FCF Conversion	0.07x	-5.75x	2.37x	-0.94x	1.85x	-3.24x	0.27x	0.45x	0.32x	0.19x
Revenue Growth	-4.28%	9.55%	-2.69%	-0.79%	-16.01%	-1.18%	31.95%	39.99%	-8.63%	-26.36%

Revenue by Segment

	2014	2015	2016	2017	2018	2020	2021	2022	2023	2024
Commission Revenue	-	-	-	-	-	-	-	294K	-	972K
Commission Revenue Growth	-	-	-	-	-	-	-	-	-	-
Net Investment Income	-	-	-	-	-	-	250K	630K	-	226K
Net Investment Income Growth	-	-	-	-	-	-	-	152.00%	-	-
Management Fee Income	-	-	-	-	-	-	24K	134K	-	-
Management Fee Income Growth	-	-	-	-	-	-	-	458.33%	-	-
Printed Products	-	-	-	-	-	13M	-	-	-	-
Printed Products Growth	-	-	-	-	-	-	-	-	-	-
Direct Marketing	-	-	-	-	-	2.33M	-	-	-	-
Direct Marketing Growth	-	-	-	-	-	-	-	-	-	-
Technology Sales, Services and Licensing	-	-	-	-	-	2.08M	-	-	-	-
Technology Sales, Services and Licensing Growth	-	-	-	-	-	-	-	-	-	-
Digital Authentication Products and Services	-	-	-	-	772K	-	-	-	-	-
Digital Authentication Products and Services Growth	-	-	-	-	-	-	-	-	-	-
Royalties from Licensees	-	-	-	-	458K	-	-	-	-	-
Royalties from Licensees Growth	-	-	-	-	-	-	-	-	-	-
Information Technology Sales and Services	-	-	-	-	345K	-	-	-	-	-
Information Technology Sales and Services Growth	-	-	-	-	-	-	-	-	-	-
PackagingAndPrintingMember	-	-	-	12.56M	-	-	-	-	-	-
PackagingAndPrintingMember Growth	-	-	-	-	-	-	-	-	-	-
Plastics	-	-	-	4.47M	-	-	-	-	-	-
Plastics Growth	-	-	-	-	-	-	-	-	-	-
Technology	-	-	-	1.64M	-	-	-	-	-	-
Technology Growth	-	-	-	-	-	-	-	-	-	-
Packaging and Printing Group	-	-	12.93M	-	-	-	-	-	-	-
Packaging and Printing Group Growth	-	-	-	-	-	-	-	-	-	-
Document Security Systems Plastics Group	3.55M	3.9M	4.34M	-	-	-	-	-	-	-
Document Security Systems Plastics Group Growth	-	9.91%	11.27%	-	-	-	-	-	-	-
Technology Management	-	-	1.9M	-	-	-	-	-	-	-
Technology Management Growth	-	-	-	-	-	-	-	-	-	-
Document Security Systems Packaging Group	12.93M	11.8M	-	-	-	-	-	-	-	-
Document Security Systems Packaging Group Growth	-	-8.73%	-	-	-	-	-	-	-	-
Document Security Systems Technology Management	-	1.8M	-	-	-	-	-	-	-	-
Document Security Systems Technology Management Growth	-	-	-	-	-	-	-	-	-	-
Document Security Systems Digital Group	1.81M	-	-	-	-	-	-	-	-	-
Document Security Systems Digital Group Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

DSS, Inc. (DSS) reported $21.3M in revenue for fiscal year 2024. This represents a 59% increase from $13.4M in 2011.

DSS, Inc. (DSS) saw revenue decline by 26.4% over the past year.

DSS, Inc. (DSS) reported a net loss of $45.1M for fiscal year 2024.

Dividend & Returns

DSS, Inc. (DSS) has a return on equity (ROE) of -80.9%. Negative ROE indicates the company is unprofitable.

DSS, Inc. (DSS) had negative free cash flow of $3.3M in fiscal year 2024, likely due to heavy capital investments.