Directview Holdings Inc (OTCMKTS:DIRV) is an interesting stock. The company has been a leading emerging name in the tailored security solutions space, with ties to the cannabis patch as a specialist service provider with a growing client list. Shares have been holding support of late and waiting for a new catalyst to come along and provide some vigor and potential upside. The latest from the company may provide some help there.
The company just announced that it has seen a rise in new requests from a number of key markets, adding to the company’s client base. According to the release, “Requests have been coming in from schools, aviation, data centers and hotels. The company is currently working with a number of clients who wish to either replace their current systems or fortify what they have with new surveillance technology.”
Directview Holdings Inc (OTCMKTS:DIRV) casts itself as a company that, through its subsidiaries, operates as a full-service provider of teleconferencing services to businesses and organizations. The company operates in two divisions, Security and Surveillance, and Video Conferencing Services.
The Security and Surveillance division provides surveillance systems, and digital video recording and services, including DVR recorders and cameras, video intercoms, NVR recorders and IP cameras, laser and video beam perimeter security products, motion detection and thermal imagery products, security design and consulting, remote control device management, equipment maintenance service plans, and access control solutions.
It also develops customized software programs; and DirectView Security App, a mobile application to enable full remote management of deployed surveillance devices, such as positioning cameras, setting recording parameters, and replay of selected video. This division serves transportation, hospitality, industrial, educational, and residential markets. The Video Conferencing Services division provides multipoint video conferencing, network integration, custom room design, staffing, document conferencing, and IP/Web conferencing services that enable its clients to conduct remote meetings by linking participants in geographically dispersed locations. It is also involved in the sale of conferencing services based upon usage, sale and installation of video equipment, and sale of maintenance agreements.
This division provides its services to organizations, such as professional service firms, investment banks, high tech companies, law firms, investor relations firms, and other domestic and multinational companies in commercial, government, medical, and educational sectors. The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Website. DirectView Holdings, Inc. was founded in 2006 and is based in Boca Raton, Florida.
DIRV is pulling in trailing 12-month revenues of $4M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 839%. Currently trading at a market capitalization of $1.7M, DIRV has a chunk ($184K) of cash on the books, which is balanced by about $5.5M in total current liabilities.
The company’s latest announcement suggests performance could be set to accelerate, which has the potential to push shares higher and fuel some buzz in the name.
Roger Ralston, DirectView’s CEO said, “It’s projected that the video surveillance system market will reach a value of $43.8 billion by 2025, and if you gave me that projection a decade ago, I wouldn’t have believed it. With advancements in cloud computing and artificial intelligence, a projection like this is not only feasible, it’s also something that we at DirectView can relate to. DirectView is seeing a substantial increase in orders this year. The surveillance systems of today are beginning to use AI technology to detect the behaviors that lead to crime like shoplifting, vandalism and terror attacks, all done in real-time.”