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The chairman of DSS's board of directors, Robert Fagenson, said that during the quarter the company benefited from its cost cutting efforts of the past year. Operating expenses decreased by 42% year-on-year despite the inclusion this year of approximately USD397,000 in operating expenses at DSS's newly acquired commercial printing operation.
Revenue for the second quarter was up 2% at USD2.2m, while security and commercial print sales increased by 68%, reflecting the impact of the company's acquisition of commercial printer DPI Secuprint in December 2008.
Adjusted EBITDA for the second quarter was a loss of USD400,000 or USD0.03 per share, from a positive adjusted EBITDA of USD85,000 or USD0.01 per share in the same quarter last year.
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