DSS, Inc. Issues Letter to Shareholders

Core Insights - DSS, Inc. has appointed a new Interim Chief Executive Officer, Jason Grady, who brings over 25 years of leadership experience across various sectors [2] - The company is focused on optimizing operational efficiencies and positioning itself for sustainable long-term growth [3] Financial Performance - For the nine months ended September 30, 2024, DSS reported a decrease in operating loss by approximately $1.3 million (8$17.3 million (52%) year-over-year, with a reduction of $1.0 million (15$11.8 million (56%) for the nine months ended September 30, 2024 [6] - The net cash position strengthened from $6.9 million to$11.6 million [6] Strategic Initiatives - The company is focusing on the strategic expansion of promising business units, such as Premier Packaging, to fuel continued growth [6] - DSS is committed to identifying and investing in high-growth markets to create scalable and recurring revenue streams [6] - A comprehensive review of all business units is underway to identify underperforming segments for restructuring or divestment [6] - Targeted cost reduction aims to achieve a 15-20% decrease in costs in the upcoming fiscal year [6] Innovation and Partnerships - DSS plans to leverage research and development capabilities to drive solutions in emerging sectors like biomedical technologies and sustainable packaging [10] - The company is actively forging alliances with key industry players to accelerate the market introduction of innovative products [10] Shareholder Engagement - DSS is exploring initiatives designed to directly reward shareholders for their continued trust and support [10] - The company commits to providing regular, transparent updates on progress and strategic objectives to keep shareholders informed [10]