DAC TECHNOLOGIES GROUP INTERNATIONAL INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following Management Discussion and Analysis of Financial Condition is qualified by reference to and should be read in conjunction with our Condensed Consolidated Financial Statements and the Notes thereto as set forth at the end of this document. We include the following cautionary statement in this Form 10Q for any forward-looking statements made by, or on behalf of, the Company. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, future events or performances and underlying assumptions and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. Historically, the identification and development of new products and expansion of the Company's sales organization have achieved growth. There can be no assurance that we will be able to continue to develop new products or expand sales to sustain rates of revenue growth and profitability in future periods. Any future success that the Company may achieve will depend upon many factors including those that may be beyond the control of the Company or which cannot be predicted at this time. Although we believe that our expectations are based on reasonable assumptions within the bounds of our knowledge of...
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DAC Technologies Announces Third Quarter 2009 Results

LITTLE ROCK, AR--(Marketwire - 11/16/09) - DAC Technologies (OTC.BB:DAAT - News) today announced results for the quarter ending September 30, 2009. For the nine months ending September 30, 2009 the Company reported net income of $386,241 on net sales of $9,774,701, as compared to net income of $133,548 and net sales of $9,360,487 for the same period in 2008. This is an increase in net income of $252,693, or 189%. Earnings per share for the nine months ending September 30, 2009 were seven cents per share as compared to two cents per share in 2008, an increase of 250%. For the three months ending September 30, 2009 the Company reported net income of $73,375 and net sales of $3,098,204 as compared to $83,484 and $3,920,460, respectively, in 2008.David A. Collins, Chairman and CEO, stated, "As discussed in previous press releases, the Company is not manufacturing the low gross margin items, such as fireplace accessories and game processing equipment. This business was all done in the 3rd and 4th quarters of 2008 and totaled $4,796,387 in revenue during that period. Although we knew this would affect sales in 2009, the Company has chosen to concentrate on its core business of gun cleaning kits and gun accessories and in increasing its gross margins. The Company has increased its core business in 2009 by $1,901,049, or 32%. Gross margins have increased from 25% in 2008 to 30% in 2009. Although sales for the nine months increased only 4%, the Company's net income has increased 189%, in large part due to the increase in gross...
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DAC TECHNOLOGIES GROUP INTERNATIONAL INC Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue3,143  3,533  7,682  3,920  Cost of Revenue2,195  2,462  6,176  2,999  Gross Profit948  1,072  1,506  921  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative698  724  1,013  689  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss250  348  493  232  Income from Continuing OperationsTotal Other Income/Expenses Net -  0  0   -  Earnings Before Interest And Taxes250  348  493  232  Interest Expense41  47  105  64  Income Before Tax209  301  388  169  Income Tax Expense80  117  164  85  Minority Interest -   -   -   -  Net Income From Continuing Ops129  184  223  83  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting C...
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DAC Technologies Receives Large Holiday Purchase Orders

LITTLE ROCK, AR--(Marketwire - 09/03/09) - DAC Technologies (OTC.BB:DAAT - News) today announced it has received the largest single purchase order in its 16 year history. The purchase order from Wal-Mart is for the Company's deluxe gun cleaning kit and will ship in October and November of 2009. The purchase order is for a Holiday promotion and is well in excess of seven figures. David A. Collins, Chairman and CEO, stated, "The Company is very excited about receiving POs of this magnitude and continues to concentrate on its core business of gun cleaning kits and firearm accessories. The Company is experiencing large sales increases in this area and expects the trend to continue. The Company reaffirms its higher guidance of 14 to 16 cents earnings per share and sales of $16 to $18 million."About DAC:DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking state...
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DAC Technologies Announces Second Quarter 2009 Results

LITTLE ROCK, AR--(Marketwire - 08/17/09) - DAC Technologies (OTC.BB:DAAT - News) � -- Positive Trends Continue -- Gross Margins Continue to Increase -- FY2009 Guidance Increased DAC Technologies (OTC.BB:DAAT - News) today announced net income for the quarter ending June 30, 2009 of $128,566 versus $8,090 for the same period in 2008. This is an increase of $120,476, or 1489%. Net sales for the second quarter 2009 were $3,143,041 versus $2,724,258 for the second quarter 2008. This is an increase of $418,783, or 15%.David A. Collins, Chairman and CEO, stated, "The Company continues to benefit from a positive trend in firearm accessories and concentrating on its core business of gun cleaning kits, gun locks and firearm accessories. The Company also continued to increase its gross margins, from 25% in the second quarter of 2008 to 30.2% for the second quarter of 2009, an increase of 5.2%. Gross margins also increased in the first quarter by 3.5% over 2008. The Company is also benefiting from lower shipping costs, elimination of low gross margin products such as fireplace equipment and game processing items, and lower commodity prices. We expect this trend to continue through 2009 into 2010, even as comm...
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DAC TECHNOLOGIES GROUP INTERNATIONAL INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following Management Discussion and Analysis of Financial Condition is qualified by reference to, and should be read in conjunction with, our Condensed Consolidated Financial Statements and the Notes thereto as set forth at the end of this document. We include the following cautionary statement in this Form 10Q for any forward-looking statements made by, or on behalf of, the Company. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, future events or performances and underlying assumptions and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. Historically, the identification and development of new products and expansion of the Company's sales organization have achieved growth. There can be no assurance that we will be able to continue to develop new products or expand sales to sustain rates of revenue growth and profitability in future periods. Any future success that the Company may achieve will depend upon many factors including those that may be beyond the control of the Company or which cannot be predicted at this time. Although we believe that our expectations are based on reasonable assumptions within the bounds of our knowledge ...
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DAC Technologies Named "Company of the Month" in July Issue of The Bowser Report and Announces Second Quarter and Six Months Sales Increase of 23%

LITTLE ROCK, AR--(Marketwire - 07/22/09) - DAC Technologies (OTC.BB:DAAT - News) today announced that it has been selected as the "Company of the Month" in the July 2009 edition of The Bowser Report. The Bowser Report is a monthly, subscription-based, newsletter that highlights small cap stocks trading on the NYSE, NASDAQ and AMEX at $3.00 per share or less. Companies featured in the publication do not pay for coverage or research. The Bowser Report, founded by Max Bowser, now in its 33rd year, was selected as one of the top ten newsletters in 2005 by the Hulbert Financial Digest. David A. Collins, Chairman and CEO, stated, "We are pleased to be selected as the featured company in The Bowser Report. The Newport News, Virginia company uses fundamental analysis to select and recommend companies. Companies do not pay for the research and coverage and do not edit the newsletter's recommendation. In fact, I knew nothing of the report until I was told about it by a third party."Collins also stated, "Everyone at the Company has worked very hard to build a sound financial base and consistently profitable company."The Company today also announced net sales for the six month period ending June 30, 2009 of $6,676,702 versus $5,440,027 for the same period in 2008. This is an increase of $1,236,675, a 23% increase. For the three months ending June 30, 2009, the Company announced net sales of $3,143,261, versus $2,724,258 in 2008. This is an increase of $419,003, a 16% increase.Collins further stated, "The Company has...
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DAC Technologies Announces a 23% Increase in Sales for April and May

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DAC TECHNOLOGIES GROUP INTERNATIONAL INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following Management Discussion and Analysis of Financial Condition is qualified by reference to and should be read in conjunction with our Condensed Consolidated Financial Statements and the Notes thereto as set forth at the end of this document. We include the following cautionary statement in this Form 10Q for any forward-looking statements made by, or on behalf of, the Company. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, future events or performances Table of Contents and underlying assumptions and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. Historically, the identification and development of new products and expansion of the Company's sales organization have achieved growth. There can be no assurance that we will be able to continue to develop new products or expand sales to sustain rates of revenue growth and profitability in future periods. Any future success that the Company may achieve will depend upon many factors including those that may be beyond the control of the Company or which cannot be predicted at this time. Although we believe that our expectations are based on reasonable ...
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DAC Technologies Announces First Quarter Results -- 30% Increase in Revenue and 339% Increase in Net Income

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