DSEN Datascension Inc. featured news, full reports, and detailed charts
Datascension Inc. (DSEN/DSEN.OB) Wrap Up:
Datascension, Inc., through its subsidiary, Datascension International, Inc., operates as a data gathering and research company in the United States, Costa Rica, and the Dominican Republic. The company offers business process outsourcing services, such as collection, storage, processing, and interpretation of data. Its services include telephone interviewing, Internet data collection, database engineering, data storage, document processing, data reporting and mining, in-bound customer service, and bilingual interviewing. The company serves various industries, including hospitality, entertainment, and automotive sectors. Datascension was incorporated in 1991 under the name Swiss Technique, In...www.datascension.com
7 Employees
Founded in 1991
Datascension Inc. (DSEN:OTC Bulletin Board Market)
LAST $0.09 USD
CHANGE TODAY +0.032 58.18%
VOLUME 21.2K
As of 3:16 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Datascension Inc. (DSEN)
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OPEN
$0.07
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PREVIOUS CLOSE
$0.06
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DAY HIGH
$0.09
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DAY LOW
$0.07
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52 WEEK HIGH
11/9/09 - $0.15
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52 WEEK LOW
12/31/08 - $0.01
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MARKET CAP
1.9M
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AVERAGE VOLUME 3 mo
27.7K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
21.4M
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DSEN Does Not Pay Dividends
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P/E TTM
NM
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DSEN Top Compensated Officers
Mr. Lou Persico MBA, CPA
Chairman, Chief Executive Officer and Preside...
Age: 53
Total Annual Compensation: --
Mr. David P. Lieberman
Chief Financial Officer, Chief Acounting Offi...
Age: 63
Total Annual Compensation: $173.1K
Mr. Joseph Harmon
Chief Operating Officer, Vice President of Sa...
Age: 34
Total Annual Compensation: $235.3K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Datascension Inc. (DSEN)
Datascension Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/16/2009
Datascension Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $49,978 compared to a year ago net loss of $5,044,809, an improvement of $4,994,831. Total net revenues decreased to $3,550,457, from $3,975,576 in the prior year period, a decline of $425,119 or approximately 10.7%. Basic and diluted loss per share was $0.00 as compared to basic and diluted loss per share of $0.20 for the quarter ended September 30, 2008. Net income for the nine months ended September 30, 2009, was $160,367 compared with a loss of $5,785,590 in the year-ago period, an improvement of $5,945,957. Diluted earnings per share were $0.01 compared with a loss of $0.18 per diluted share for the 2008 period. Revenue totaled $11,138,267, a decrease of 20.5% compared with $14,014,679 for the nine months of 2008.
Datascension Inc. Announces Financial Results for the Second Quarter Ended June 30, 2009
08/10/2009
Datascension Inc. announced financial results for the second quarter ended June 30, 2009. For the quarter, the Company recorded positive earnings up $875,325 over the prior year period as the Company's turnaround plan continued to build momentum. Total net revenues decreased to $3,814,623, from $4,691,116, a decline of $876,493 or approximately 18.7% year-over-year and 2.3% sequential increase over the first quarter results. For the quarter ended June 30, 2009, the Company generated a gross profit of $770,877 compared to $277,629 for the quarter ended June 30, 2008, an increase of $493,248 or 178%. The Company generated net income of $201,434 for the three months ended June 30, 2009, compared to a net loss of $673,891 for the three months ended June 30, 2008, an increase in net income of $875,325. Basic and diluted income per share was $0.01 for the quarter ended June 30, 2009, as compared to basic and diluted loss per share of $0.02 for the quarter ended June 30, 2008. The company reported operational net cash flow of $193,647, as compared to $243,647 in the prior period, a significant increase of $437,294 over the prior year period attributable to the effectiveness of the turnaround plan. As of June 30, 2009, the Company had cash and cash equivalents of $139,080.
Datascension Inc. Reports Financial Results for the First Quarter Ended March 31, 2009
05/21/2009
Datascension Inc. reported financial results for the first quarter ended March 31, 2009. For the quarter, the company recorded positive earnings up $75,801 over the prior year period as the company's turnaround plan gained positive traction. Total net revenues decreased to $3,773,187, from $5,347,987, a decline of approximately 29.4%. The decrease in revenue and in cost of goods sold was primarily attributable to the current general economic downturn, which has affected the company's customers resulting in reduced demand for the services provided by the company. The company generated net income of $8,911 compared to a net loss of $66,890 for the three months ended March 31, 2008, an increase in net income of $75,801. Basic and diluted loss per share was $0.00 for both the quarter ended March 31, 2009, and the quarter ended March 31, 2008. The company reported operational net cash flow of $343,949, as compared to $31,700 in the prior period, a significant increase of $312,249 over the prior year period attributable to the effectiveness of the turnaround plan.
DSEN Competitors
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Industry Analysis
| Valuation | DSEN | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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More Recent News About Datascension Inc.
More news for DSEN
Datascension, Inc. Reports Third Quarter Financial Results
LAS VEGAS, Nov. 16 /PRNewswire-FirstCall/ -- Datascension, Inc. (OTC Bulletin Board: DSEN - News), a global outsourcing solutions company, today announced financial results for the Company's third quarter ended September 30, 2009. For the quarter ended September 30, 2009, the Company recorded a net loss of ($49,978) compared to a year ago net loss of ($5,044,809), an improvement of $4,994,831. Total net revenues decreased to $3,550,457, from $3,975,576 in the prior year period, a decline of $425,119 or approximately 10.7%. Cost of goods sold decreased to $2,873,921 from $3,479,922, a reduction of $606,001, or approximately 17.4%, from the prior year period. For the quarter ended September 30, 2009, the Company generated a gross profit of $675,536 compared to $495,654 for the quarter ended September 30, 2008, an increase of $179,882 or 36.2%.Total selling, general and administrative expenses decreased by $125,804, or 20.6%, to $486,002 for the three months ended September 30, 2009, from $611,806 in the prior year period.Interest expense declined by $54,320, or 24.6%, to $166,538 for the three months ended September 30, 2009, as compared to $220,858 for the three months ended September 30, 2008.Basic and diluted loss per share was $0.00 for the quarter ended September 30, 2009, as compared to basic and diluted loss per share of ($0.20) for the quarter ended September 30, 2008. As of September 30, 2009, the Company had cash and cash equivalents of $299,378.Year-To-Date 2009 ResultsNet income...Click here to read the whole Article (external link)
DATASCENSION INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Introduction The following discussion and analysis should be read in conjunction with our accompanying financial statements and the notes to those financial statements included elsewhere in this Annual Report. The following discussion includes forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in these forward- looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this Annual Report. Overview Revenue Recognition. We recognize revenues when survey data is delivered to the client in accordance with the terms of our agreements. Research products are delivered within a short period, generally ranging from a few days to approximately eight weeks. An appropriate deferral is made for direct costs related to contracts in process, and no revenue is recognized until delivery of the data has taken place. Billings rendered in advance of services being performed, as well as customer deposits received in advance, are recorded as a current liability included in deferred revenue. We are required to estimate contract losses, if any, and provide for such losses in the period they are determined and estimable. We do not believe that there are realistic alternatives to our revenue recognition policy given the short period of service delivery and the requirement to deliver completed surveys to our customers. We do not believe there is significant risk of recognizing revenue prematurely since our contracts are standardized, the earnings process is short, and no single project accounts for a significant portion of our revenue. Plan of Operation (a) Cash Requirements Estimated future cash requirements As discussed above DSEN intends to meet its financial needs...Click here to read the whole Article (external link)
DATASCENSION INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
DATASCENSION INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Introduction The following discussion and analysis should be read in conjunction with our accompanying financial statements and the notes to those financial statements included elsewhere in this Annual Report. The following discussion includes forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in these forward- looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this Annual Report. Overview Revenue Recognition. We recognize revenues when survey data is delivered to the client in accordance with the terms of our agreements. Research products are delivered within a short period, generally ranging from a few days to approximately eight weeks. An appropriate deferral is made for direct costs related to contracts in process, and no revenue is recognized until delivery of the data has taken place. Billings rendered in advance of services being performed, as well as customer deposits received in advance, are recorded as a current liability included in deferred revenue. We are required to estimate contract losses, if any, and provide for such losses in the period they are determined and estimable. We do not believe that there are realistic alternatives to our revenue recognition policy given the short period of service delivery and the requirement to deliver completed surveys to our customers. We do not believe there is significant risk of recognizing revenue prematurely since our contracts are standardized, the earnings process is short, and no single project accounts for a significant portion of our revenue. Plan of Operation (a) Cash Requirements Estimated future cash requirements As discussed above DSEN intends to meet its financial needs...Click here to read the whole Article (external link)
DATASCENSION INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Introduction The following discussion and analysis should be read in conjunction with our accompanying financial statements and the notes to those financial statements included elsewhere in this Annual Report. The following discussion includes forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in these forward- looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this Annual Report. Overview Revenue Recognition. We recognize revenues when survey data is delivered to the client in accordance with the terms of our agreements. Research products are delivered within a short period, generally ranging from a few days to approximately eight weeks. An appropriate deferral is made for direct costs related to contracts in process, and no revenue is recognized until delivery of the data has taken place. Billings rendered in advance of services being performed, as well as customer deposits received in advance, are recorded as a current liability included in deferred revenue. We are required to estimate contract losses, if any, and provide for such losses in the period they are determined and estimable. We do not believe that there are realistic alternatives to our revenue recognition policy given the short period of service delivery and the requirement to deliver completed surveys to our customers. We do not believe there is significant risk of recognizing revenue prematurely since our contracts are standardized, the earnings process is short, and no single project accounts for a significant portion of our revenue. Plan of Operation (a) Cash Requirements Estimated future cash requirements As discussed above DSEN intends to meet its financial needs...Click here to read the whole Article (external link)
DATASCENSION INC Files SEC form 10-K, Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Introduction The following discussion and analysis should be read in conjunction with our accompanying financial statements and the notes to those financial statements included elsewhere in this Annual Report. The following discussion includes forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in these forward- looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this Annual Report. Overview Revenue Recognition. We recognize revenues when survey data is delivered to the client in accordance with the terms of our agreements. Research products are delivered within a short period, generally ranging from a few days to approximately eight weeks. An appropriate deferral is made for direct costs related to contracts in process, and no revenue is recognized until delivery of the data has taken place. Billings rendered in advance of services being performed, as well as customer deposits received in advance, are recorded as a current liability included in deferred revenue. We are required to estimate contract losses, if any, and provide for such losses in the period they are determined and estimable. We do not believe that there are realistic alternatives to our revenue recognition policy given the short period of service delivery and the requirement to deliver completed surveys to our customers. We do not believe there is significant risk of recognizing revenue prematurely since our contracts are standardized, the earnings process is short, and no single project accounts for a significant portion of our revenue. Plan of Operation (a) Cash Requirements Estimated future cash requirements As discussed above DSEN intends to meet its financial nee...Click here to read the whole Article (external link)
DATASCENSION INC Files SEC form 8-K, Change in Directors or Principal Officers
Item 5.02 Departure of Director and Officer; Appointment of Officer. On December 31, 2008, Scott Kincer resigned as the CEO, President and a Director of the issuer to pursue other opportunities. Pursuant to a Separation Agreement between the parties which is effective as of December 31, 2008, the issuer is paying Mr. Kincer the sum of $64,750 over a period of five and one half months as well as reimbursing him for accrued and unpaid expenses. The agreement contains other standard terms and provisions as to releases and the like. Also as of December 31, 2008, the issuer's Board of Director's appointed Lou Persico, a member of the issuer's Board of Directors, as the issuer's Chairman, CEO and President. Lou Persico, MBA, CPA has over 25 years of financial and operational experience in private and public corporations. Persico began his career in public accounting and subsequently, he was employed by a series of "Fortune 100 Companies" beginning with American Cyanamid/Wyeth Pharmaceuticals where he held the roles of controller and finance director for almost 10 years operating at overseas locations in Madrid, Spain, San Juan, Puerto Rico and Rio de Janeiro, Brazil. Persico continued his tenure with other "Blue Chip" companies in a natural succession of increasingly responsible senior financial positions at The PerkinElmer Co., Pearle Vision, Technicolor, Sara Lee, Cambridge Technology Partners and Arthur D. Little as CFO. However, for the past 7 years Persico's focus has been with venture-backed start-up companies as CFO (the lead investor being Insight Venture Partners, a $3 billion private equity firm). Persico went on to sell one of the early stage companies to Quest Software (QSFT), a publicly traded company, after scaling the business from $1.5M to $20M in 13 months for $61M. At a large public enterprise, Cambridge Technology Partners (CATP), Persico was instrumental in building out the global infrastructure of the company from $200M to nearly $700M in world...Click here to read the whole Article (external link)
DATASCENSION INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc. Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. R...Click here to read the whole Article (external link)
DATASCENSION INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following is a discussion of certain factors affecting DSEN's results of operations, liquidity and capital resources. You should read the following discussion and analysis in conjunction with the Registrant's condensed consolidated financial statements and related notes that are included herein under Item 1 above. Overview Datascension Inc, ("DSEN"), through its sole subsidiary Datascension International, Inc., is engaged in data gathering and conducting outsourced market research. Its expertise is in the collection, storage, and processing of data. Datascension International's management team has over 30 years of experience in working with clients to gather the information they need to make changes or advancements to their operations. Datascension International services a variety of industries and customers (including the hospitality, entertainment, and automotive sectors) with emphasis and commitment to customer service, quality assurance and on-time project management. Critical Accounting Policies and Estimates Our discussion and analysis of financial condition and results of operations is based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. These estimates and assumptions provide a basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may d...Click here to read the whole Article (external link)
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