DirectView Holdings Inc. (OTCMKTS:DIRV) – This is a stock we have followed in the past. Specifically, it’s a bit of a turnaround story that is starting to catch MAJOR momentum. The evidence?
How about the company’s numbers for Q1: the company’s Form 10-Q filed yesterday reveals net sales for Q1 2018 of $1.2 Million, compared to $58,000 in Q1 2017. That’s over 1,550% growth on a y/y quarterly basis. That’s unheard of. You just don’t see it.
These guys are doing something right. And that means the shares may well be painfully underpriced. Time will tell, but it’s definitely THE stock to have on the radar today.
Symbol: DIRV
Company: DirectView Holdings Inc.
Quote: http://finance.yahoo.com/q?s=DIRV
Latest News: http://finance.yahoo.com/q/h?s=DIRV+Headlines
DirectView Holdings Inc. (OTCMKTS:DIRV) provides video surveillance solutions and teleconferencing products and services to businesses and organizations.
The company operates in two divisions, Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems; and sells maintenance agreements.
The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Websites.
The Video Conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. It is involved in the sale of conferencing services based upon usage, the sale and installation of video equipment, and the sale of maintenance agreements.
This division primarily provides conferencing products and services to numerous organizations ranging from law firms, banks, high tech companies and government organizations.
Recently, we have seen this company move into close proximity with the multi-billion dollar cannabis space, as well as ink a series of major new contracts with large-scale retailers. Naturally, this puts the company into the big leagues, as the market has started to see.
Clearly, the biggest catalyst out there right now for the stock is the 10-Q that hit the wires yesterday as a filing from the company. The quarter ended March 31 was a massive success for DIRV.
Sales boomed, coming in at $1.2M for the quarter, up 1,553% on a y/y quarterly basis. In addition, according to the 10-Q filing, “the company is in late-stage development of a proprietary software platform targeted for educational institutions/daycare, aviation, and religious organizations.”
This last note suggests the stock could be in a longer growth cycle right now as the company pushes on the organic growth button. After all, with the massive jump in sales, they will have the potential to drive new segments, which can compound to fuel coming quarters on the same growth curve.
Technically, the stock looks to be embarking on an emerging upward trend after blasting 600% higher in late March to launch out of sub-penny territory. The volume traded here has been through the roof as the company continues to expand operations.
So far, this looks every bit like a virtuous circle of growth, and the chart agrees.
About DIRV
DIRV (DirectView Holdings Inc.) provides video surveillance solutions and teleconferencing products and services to businesses and organizations.
The company operates in two divisions, Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems; and sells maintenance agreements.
The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Websites.
The Video Conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. It is involved in the sale of conferencing services based upon usage, the sale and installation of video equipment, and the sale of maintenance agreements.
This division primarily provides conferencing products and services to numerous organizations ranging from law firms, banks, high tech companies and government organizations.
Key Points:
- DIRV has put a huge number of major catalysts in play lately, including a potential uplisting, accelerating top-line growth, and new clients.
- DIRV is making real money, with Q1 2018 revenues coming in at $1.2M on massive growth.
- DIRV is starting to see major topline growth, with quarterly y/y revs increasing at 1553%.
- DIRV has technical signals suggesting a new upward trend may be underway in the stock.
