|From: stormcat (Rep: 443)||Date: 12/07/2017 06:00|
|Forum: Digital Power Corporation - Msg #552||Thread #673971590 (Rec: 0) |
|U longs gonna love this news....Digital Power Corporation Raises 2018 Revenue Guidance 50% from Prior Estimate|
2017-12-07 05:20 ET - News Release
FREMONT, Calif., Dec. 07, 2017 (GLOBE NEWSWIRE) -- Digital Power Corporation (NYSE AMERICAN:DPW) ("Digital Power" or the "Company"), a company seeking to increase revenue through acquisitions and organic growth, stated today that it anticipates that its gross revenue for the year 2018 may increase from roughly $25M to between $36-$38M, on a consolidated basis.
The Company affirms its guidance of $4.2-$4.9M for the quarter ending December 31, 2017.
In addition, for the quarter ending December 31, 2017, Digital Power expects to report growth in comprehensive income due to significant appreciation of its marketable securities held for resale on its balance sheet.
Factors contributing to the upward revision include significant increases in orders from DPW’s defense and commercial businesses, particularly from Microphase Corporation, which received a large order from the U.S. Air Force and currently anticipates further such orders in 2018.
The Company is presently realizing improvement in all its divisions and is benefiting from synergies at Microphase Corporation and reported:
The production for the MTIX $50M purchase order over 3 years is progressing as planned;
Digital Power Lending, LLC believes approval of its California state lending license is imminent;
The development of its Hospitality division is proceeding as scheduled.
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