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://ccw.fm/eG7aa
To view the full press release, visit http://ccw.fm/zh5B8
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
More from CryptoNewsBreaks
About CryptoCurrencyWire
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
CCW is where news, content and information converge via Crypto.
For more information, please visit https://www.CryptoCurrencyWire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re- published: http://CCW.fm/Disclaimer
CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.418.1217 Office
[email protected]