According to the company's financial report for the fourth quarter and full year ending December 31, 2023, DecisionPoint Systems, Inc. (NYSE American: DPSI), a prominent mobility-first enterprise services and solutions provider, demonstrated substantial growth in both quarterly and annual revenue. Despite a 24.8% increase in revenue, DPSI reported a diluted loss per share of $0.03 in Q4.

In the fourth quarter of 2023, DecisionPoint Systems experienced noteworthy revenue growth, reaching $30.5 million, a 24.8% increase from the same period in the preceding year. The surge in revenue was largely driven by a significant 208% increase in software and services revenue, totaling $14.4 million. However, despite this revenue growth, the company reported a GAAP net loss of $0.3 million and a diluted loss per share of $0.03, which was attributed to strategic investments aimed at fostering long-term growth. Nonetheless, adjusted EBITDA displayed an 8.4% increase to $1.9 million, indicating improvements in underlying profitability.

CEO Steve Smith emphasized the company's remarkable year, highlighting growth in both services and software, along with a hardware solutions project. Smith also mentioned the investments made in business development professionals to drive growth in these areas as the company moves forward into 2024.

DecisionPoint Systems surpassed revenue expectations but fell short of EPS estimates in Q4. The actual revenue of $30.5 million exceeded the projected $26.8 million, while the reported GAAP net loss and EPS of ($0.3) million and ($0.03), respectively, failed to meet the anticipated EPS of $0.06. This discrepancy underscores the company's strategic focus on long-term growth initiatives that are expected to enhance margins and profitability in the future.

Looking ahead to 2024, DecisionPoint Systems is optimistic about its growth trajectory and profitability. The company aims to enhance its services and software portfolio to drive recurring revenue and organic growth through investments and potential mergers and acquisitions. The introduction of PointCare Services, the acquisition of MIS, and the launch of the Vision Portal are anticipated to bolster the company's software and services mix, fueling revenue growth and gross margin expansion.