Document Security Systems (DSS) Reports Q3 Loss of $0.08/Share

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Go back to Document Security Systems (DSS) Reports Q3 Loss of $0.08/Share

Document Security Systems, Inc. Announces 2016 Third Quarter Financial Results

November 14, 2016 4:15 PM EST

ROCHESTER, NY -- (Marketwired) -- 11/14/16 -- Document Security Systems, Inc. (NYSE MKT: DSS) ("Company"), a leader in anti-counterfeiting and authentication solutions, reported results for the third quarter of 2016.

The third quarter of 2016 was a very strong quarter for DSS. Sales increased 13% driven by strength in our packaging, printing and ID card manufacturing groups along with an increase in licensing revenue which was positively impacted by a one-time Intellectual Property (IP) monetization settlement. This increase in revenue combined with continued cost reduction initiatives resulted in a significant increase in... More