Diverse holdings company DPW Holdings (NYSE American: DPW)
this morning reported preliminary financial results for its second quarter
ended June 30, 2018. Among other highlights, the company reported preliminary
gross revenue for the second quarter to be between $7.1 million and $7.4
million, representing an increase from $1.8 million in the second quarter of
2017 and $5.2 million in the first quarter of 2018. DPW also updated its gross
revenue guidance for fiscal year 2018 to between $34 million and $39 million,
compared to its previous guidance of $44 million to $49 million. The updated
guidance is in response to the later than expected closing of its Enertec
Systems and I.AM, Inc. acquisitions. DPW expects to release final results for
the period on or before August 20, 2018. In addition, the company is hosting a
conference call at 5:00 p.m. ET on Wednesday, August 15, 2018 to discuss the
preliminary second quarter results, provide a business update and answer
questions. “We continue to execute our stated strategic plan to create a
diverse portfolio of assets with global growth potential. Our successful
acquisition of Enertec Systems 2001, Ltd. during the second quarter added
important engineering talent, which expands the technical design and
manufacturing capabilities of each of the companies within our Coolisys
subsidiary. As we move forward, we intend to continually evaluate our diverse
portfolio of assets, seeking opportunities to capitalize on new market
opportunities in advanced technologies and manufacturing, as well as monetize
existing assets for the benefit of all DPW Holdings’ shareholders,” DPW
Holdings CEO and Chairman Milton “Todd” Ault III stated in the news release.
To join the webcast online or by calling in, use this link
to register prior to 4:00 P.M. ET on August 15, 2018: http://ibn.fm/KchFO
To view the full press release, visit http://ibn.fm/figbO
About DPW Holdings, Inc.
Headquartered in Newport Beach, California, DPW Holdings,
Inc. is a diversified holding company pursuing a growth strategy of acquiring
undervalued assets and disruptive technologies with a global impact. The
company invests in diverse industries within the commercial, defense/aerospace,
industrial, communication, medical, crypto-mining, hospitality, textile and
corporate investment/lending sectors. DPW has evolved and grown from being a
leader in advanced power products. Through its subsidiaries, the company
continues to be a leader and supplier of innovative technologies, advanced
design and development services, and state-of-the-art power products and
solutions. For more information, visit the company’s website at www.DPWHoldings.com
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