pennypauly
4 years ago
IRVINE, Calif., June 04, 2020 (GLOBE NEWSWIRE) -- DynTek Services, Inc., a leading provider of professional technology solutions, announced today that CRN® a brand of The Channel Company, has named DynTek to its 2020 Solution Provider 500 list. Each year, CRN releases its list of top 500 solution providers, a ranking of the leading IT channel partner organizations across North America by revenue. CRN’s Solution Provider 500 list serves as the industry’s benchmark for recognizing the top-performing technology integrators, strategic service providers, and IT consultants, and as a valuable resource for technology vendors looking to partner with top solution providers.
“We are honored to be recognized for our growth and commitment to providing impactful technology solutions and business results to our clients,” said Tim Montgomery, DynTek’s chief executive officer. “Our team of highly certified technologists and customer service professionals have been laser focused on helping government, education and enterprise clients solve remote work, security and data center transformation challenges through the innovative use of technology from key partners, such as Cisco and Microsoft.”
“CRN’s Solution Provider 500 list showcases the top IT channel partner organizations across North America,” said Bob Skelley, CEO of The Channel Company. “This year, companies on this list represent a combined revenue of $393 billion, a data point that underscores the impact and influence these solution providers have on the IT industry. On behalf of The Channel Company, I’d like to congratulate these companies for their outstanding contributions to the growth and success of our industry.”
DynTek placed #115 on the 2020 Solution Provider 500 list, up from #126 the prior year. CRN’s complete 2020 Solution Provider 500 list is available online at www.CRN.com/SP500 and a sample from the list will be featured in the June issue of CRN Magazine.
About DynTek
As a national systems integrator and risk management partner, DynTek delivers exceptional, cost-effective professional IT consulting services, end-to-end IT solutions, managed IT services, and IT product sales to state and local government, educational, healthcare and enterprise customers in the largest IT markets nationwide. Our broad range of technical expertise and vendor partnerships allow us to deliver solutions that support digital business transformation including IT Security, Digital Infrastructure, Modern Workplace, Data Center and Cloud solutions. DynTek's multidisciplinary approach allows our clients to turn to a single source for their most critical technology requirements. For more information, visit http://www.dyntek.com.
Follow Us Online:
Twitter: @DynTek
DynTek on Facebook
DynTek on LinkedIn
pennypauly
4 years ago
DYNE ticker
Dyntek, Inc
The company is paying a Divy of $4.2465 for each share held. The Ex date is 5-11-20.So if you buy shares on 5-6-20 you would still get that Divy.
https://www.otcmarkets.com/stock/DYNE/security ;
https://www.otcmarkets.com/stock/DYNE/news ;
They have some big revenue coming in.
DynTek Announces Results for the Third Quarter Fiscal Year 2019
Press Release | 04/22/2019IRVINE, Calif., April 22, 2019 (GLOBE NEWSWIRE) -- DynTek, Inc. (DYNE.OTC), a leading provider of professional technology services, today announced results for its third fiscal quarter ended March 31, 2019. Financial & Business HighlightsThird Quarter, 2019 Ended March 31, 2019Revenues increased 28.3% to $44.5 millionGross profit increased 24.5% to $8.2 millionTotal operating expenses increased 25.0% to $6.7 millionNet earnings increased >100% to $1 millionDiluted earnings per share increased to $0.42EBITDA increased 50.3% to $2.0 millionNine Months Ended March 31, 2019Revenues increased 21.7% to $146.8 millionGross profit increased 17.8% to $25.6 millionTotal operating expenses increased 1.8% to $19.6 millionNet earnings increased >100% to $4.1 millionDiluted earnings per share increased to $0.57EBITDA increased 57.8% to $7.0 millionI believe this stock is really under the radar.
Their website.https://www.dyntek.com/ ;
Updates will be coming to their news portion on their website:https://www.dyntek.com/learning-events/newsroom ;
I think the Covid-19 crisis will help them, as far as revenue goes. They have big contracts with the Governments, Schools, Cities and many Health Care facilities. In many states.
For them to pay out such a huge Divy. Their revenues must be increasing quite a bit.
They acquired some big time awards:
https://hhinternet.blob.core.windows.net/uploads/2019/06/201906-it.pdf
ACTION ITEM #1 – MR. LYNCH
McAFEE MR. LUTZ
Authorizing the New York City Health and Hospitals Corporation (the “System”) to
enter into an enterprise license agreement (an “ELA”) with Dyntek Services, Inc.
(“Dyntek”) to provide McAfee IT security hardware, software, related maintenance
and professional services for a three-year term for an amount not to exceed
$19,949,756.08.
They have won this award year after year.
https://www.crn.com/rankings-and-lists/te2020-details.htm?c=82 ;
I bought some of this stock due to that fact it has such a good story.
Let me know what you think about this stock. I would love to hear your feedback.The stock's 52 week high was $21 so the levels right now look very attractive. They use their ticker symbol on every P.R. they put out. Also the otc markets page was just verified on 2-20 and the info is current. They just added a new CEO to the page 6 days ago.
More P.R.'s that were hard to find.
https://partner.microsoft.com/en-us/case-studies/dyntek
From Microsoft's web page.
Another P.R.
Another big deal signed.
https://www.prnewswire.com/news-releases/firescope-signs-partner-agreement-with-dyntek-services-inc-for-north-america-300900471.html
Thanks to STOCKPICKER4LIFE for the DD
Bigstud is here
13 years ago
DynTek Announces Results for Fiscal Year 2010
Fiscal Year Results
DynTek reported revenues of $85,589,000 for the fiscal year ended June 30, 2010, an increase of $715,000 from $84,874,000 in fiscal year 2009. Gross profit increased to $16,606,000 for the fiscal year ended June 30, 2010, an increase of $246,000 from $16,360,000 for the prior fiscal year. Total operating expenses decreased to $14,280,000 in the fiscal year ended June 30, 2010 compared to $19,788,000 in the prior fiscal year. This decrease in operating expenses is primarily due to a fourth quarter 2009 impairment of goodwill and intangibles charge of $4,436,000, but also contributing is a year over year decrease to general and administrative expenses of $740,000
Slojab
15 years ago
DynTek Announces First Quarter Results
Company Realizes Positive EBITDA from Continuing Operations for the First Fiscal Quarter
Irvine, CA - December 1, 2008 - DynTek, Inc. (DYNK.PK ), a leading provider of professional technology services, today announced results for its first fiscal quarter ended September 30, 2008.
The company reported positive EBITDA of $743,000 for the first fiscal quarter ended September 30, 2008, as compared to a loss of $516,000 for the same period for continuing operations in the prior fiscal year. DynTek reported revenue of approximately $22.5 million for the first quarter, down slightly from $23.4 million in the same period of the prior fiscal year.
Gross profit increased to approximately $4.4 million for the first quarter, as compared to $4.1 million for the same period of the prior fiscal year. General and administrative expenses decreased to approximately $0.9 million during the first fiscal quarter, as compared to $1.5 million during the same period in the prior fiscal year.
Net income (loss) for the first quarter ended September 30, 2008 for continuing operations was ($1.5) million as compared to a comparable net loss of ($2.7) million for the same period of the prior fiscal year. The net loss includes non-cash adjustments of approximately ($1.5) million attributable to the reduction of the payment in kind interest rate on loans, and depreciation and amortization expense of $192,000.
"We have achieved many significant milestones over the past several quarters, marked by two consecutive quarters of positive EBITDA from continuing operations," said Ron Ben-Yishay, DynTek's chief executive officer. "This achievement signifies our ability to control costs, while driving healthy operating margins in the field, which are critical factors for the growth of our organization. Our focus is on driving sustainable organic growth in our key regions and core solution areas, driven by an enhanced focus on our strategic technology partners."
EBITDA
The Company defines EBITDA as net income (loss) before interest, taxes, depreciation and amortization, and goodwill impairment charges. Other companies may calculate EBITDA differently. Although EBITDA is a widely used financial indicator of a company's ability to service debt, it is not a recognized measure for financial statement presentation under generally accepted accounting procedures (GAAP). EBITDA should not be considered in isolation or as superior or as an alternative to net income (loss) or to cash flows from operating activities as determined in accordance with GAAP. Nonetheless, the Company believes that EBITDA provides useful supplemental information for investors and others to measure operating performance, especially in situations where a company has significant non-cash operating expenses that are not indicative of core business operating results. EBITDA is widely used in the IT services industry to analyze comparable company performance, and management of the Company also uses EBITDA, in addition to GAAP information, as a measure of operating performance for assessing its business units.
DYNTEK, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS and COMPREHENSIVE LOSS
EBITDA Presentation
Unaudited - Restated prior year to reflect continuing operations
(in thousands, except per share data)
Three months ended September
2008 2007
Total revenues $ 22,486 $ 23,401
Total cost of revenues 18,084 19,313
GROSS PROFIT 4,402 4,088
OPERATING EXPENSES:
Selling 2,730 3,058
General and Administrative 929 1,546
Total Operating Expenses 3,659 4,604
EBITDA 743 (516)
Depreciation and amortization 192 534
INCOME (LOSS) FROM OPERATIONS 551 (1,050)
OTHER INCOME (EXPENSE):
Interest expense (2,011) (1,613)
Interest income 1 6
Other expense 0 0
LOSS FROM CONTINUING OPERATIONS BEFORE TAX (1,459) (2,657)
INCOME TAX 0 74
LOSS FROM CONTINUING OPERATIONS $ (1,459) $ (2,731)
About DynTek
DynTek is a leading provider of professional technology services to mid-market companies, such as state and local governments, educational institutions and commercial entities in the largest IT markets nationwide. DynTek provides a broad range of IT security, unified communication, virtualization, Microsoft Information Worker, and application infrastructure and delivery solutions. DynTek's multidisciplinary approach allows our clients to turn to a single source for their most critical technology requirements. For more information, visit http://www.dyntek.com.
Slojab
15 years ago
Get a load of this, blue.
We have a history of operating losses and may not be able to achieve long-term profitability.
Since our inception in May 1989, we have incurred substantial operating losses. During the fiscal year ended June 30, 2007, we generated a net loss of approximately $11,116,000. At June 30, 2007, we had an accumulated deficit of approximately $137,024,000. There can be no assurance that our revenues will exceed our operating expenses and cost of revenues in the future.
Slojab
15 years ago
a little insight for you.
DynTek to deregister stock
December 17th, 2007, 3:14 pm · Post a Comment · posted by Mary Ann Milbourn
Dyntek Inc. in Irvine announced today it will submit a U.S. Security and Exchange Commission filing Tuesday to deregister its stock.
The company said that it expects its common stock will no longer be eligible for trading on the Over-the-Counter Bulletin Board as it has been. The company said it expects, but cannot guarantee, that after it is delisted, stock quotes will be available on the Pink Sheets of the National Quotation Bureau.
Deregistering its stock relieves DynTek of quarterly and annual filings and other SEC public reporting requirements. The company said it will continue to provide periodic financial information, including for the fiscal quarter ending Dec. 31., on it Web site.
The company said the board approved deregistration and delisting to cut the cost of SEC reporting requirements; to eliminate expensive accounting, audit, legal and other costs required of public companies and to reduce the extra demands this work places on management. The company also cited the fact that the stock, which has less than 300 shareholders, is thinly traded, lacks analysts coverage and has minimal liquidity.
Dyntek, which provides professional technology services to mid-market companies and government agencies, has struggled in recent years. It lost $11.1 million for the year ended June 30 and $28.8 million the year before. In its most recent quarter ended Sept. 31, it reported a net loss of $3.2 million.
The announcement was made after the market closed. Dyntek shares closed at 5 cents.
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