Document Security Systems, Inc. (DSS) is a leading global company. It is focused on businesses related to blockchain security, consumer packaging, renewable energy, digital assets security, fund management, and banking.
The price of DSS stock during the regular trading on January 20, 2022, was last checked to be $0.56 with a surge of 2.34%.
DSS: Events and Happenings
On January 19, 2022, DSS reported about its entry into a stock acquisition contract with Alset EHome International Inc. The AEI is the shareholder of DSS and owns 15.24% of its outstanding common stock shares. AEI sold the 877,248,065 ordinary shares for a price of 59,979,582 shares of the DSS’ common stock. After the completion of the deal, AEI will become the majority shareholder by owning 55.52% of its outstanding shares of common stock.
On January 11, 2022, DSS reported about its latest project of the development of Bio-plastics or plastics made from microbes. These plastics are manufactured to make everyday use items, virus-resistant and non-harmful to the planet.
On January 10, 2022, DSS reported about one of its subsidiaries was engaged in digital assets and custody law practice in relation to the company’s alternative trading system. The company launched a novel marketplace for trading online assets based on equity securities.
On December 20, 2021, DSS reported about one of its subsidiaries had issued approximately $20 million in loans since September 2021. On December 07, 2021, DSS reported that the company’s Executives presented at the Emerging Growth Conference. The conference was held on December 8, 2021.
DSS: Key Financials
On November 18, 2021, DSS reported its financial results for the quarter ended September 30, 2021. Some of the key updates are as follows.
Revenue
Revenue for the quarter in 2021 was $3.41 million compared to the same period of 2020 when it was $2.97 million.
Net Income/Loss per Share
Basic and diluted net loss for the quarter in 2021 was $6.6 million or $0.09 per share compared to Q3 2020 when net income per share was $4.9 million or $1.16 (basic) and $0.68 (diluted).
Conclusion
DSS stock is down by 62% from the past six months due to recession economic conditions because of pandemics. The company’s stock advanced forward in the recent early trading. The main reason for the surge as reported by the analysts is the company’s entry into a stock acquisition agreement.