Consumer Cyclical · Packaging & Containers
Price
$0.54
Market Cap
$4.6M
Employees
100
Beta
1.00
Avg Volume
1,470,403
CEO
Jason T. Grady
Business Description
DSS, Inc. is a globally diversified enterprise with operations across numerous industries. In product packaging, the company specializes in manufacturing and distributing custom folding cartons, mailers, photo sleeves, and advanced three-dimensional direct mail products. It also engages in the marketing and distribution of nutritional and personal care items. Within the biotechnology and biohealth sphere, DSS makes strategic investments in and acquires companies dedicated to pioneering drug discovery, prevention, and treatment methodologies for neurological, oncological, and immune-system diseases. Furthermore, it develops innovative open-air defense systems designed to combat airborne infectious agents like tuberculosis and influenza. The firm's financial services and commercial lending activities involve acquiring equity positions in undervalued commercial banks, bank holding companies, and licensed non-banking financial institutions. Its related non-banking ventures include loan syndication, mortgage banking, trust and escrow services, banking technology solutions, loan servicing, equipment leasing, problem asset management, consulting for special purpose acquisition companies (SPACs), and advisory capital raising services. For securities and investment management, DSS offers a range of services, including managing a real estate investment trust (REIT) focused on acquiring hospitals and various acute and post-acute care facilities, with an emphasis on fostering healthy living communities. The company also develops and invests in assets within the securities trading and fund management sectors, and operates as a broker-dealer for digital assets. In the alternative energy sector, DSS provides solutions such as solar farms, solar battery storage systems, and services for residential energy generation and storage. Established in 1984, the company was formerly known as Document Security Systems, Inc. before officially changing its name to DSS, Inc. in September 2021. Its headquarters are located in West Henrietta, New York.
Business History
Price Overview
Last updated: Jun 27, 2026 9:00am (just now)$0.54
-0.02 (-3.05%)
Day Range
$0.54 – $0.57
52-Week Range
$0.36 – $1.90
50-Day MA
$0.57
200-Day MA
$0.95
Volume
157,056.00
Share Structure
Outstanding
8,489,025.00
Float
2,307,045.00
Free Float
27.2%
Low free float
— 27.2% of shares trade freely, ~72.8% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Small absolute float (2.3M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.20
Stock Price: $0.54
EPS (Diluted): -2.66
EPS (Diluted): -2.66
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-10.03
Stock Price: $0.54
Total Equity: -$832,000
Shares: 8,991,425
Total Equity: -$832,000
Shares: 8,991,425
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-1.49
Market Cap: $4.58M
Total Debt: $36.76M
Cash: $6.21M
EBITDA: -$23.69M
Total Debt: $36.76M
Cash: $6.21M
EBITDA: -$23.69M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$45.2M
Market Cap: $4.58M
Total Debt: $36.76M
Cash: $6.21M
Total Debt: $36.76M
Cash: $6.21M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.40
Stock Price: $0.54
Revenue: $20.76M
Shares: 8,991,425
Revenue: $20.76M
Shares: 8,991,425
EV/Sales (Total value vs revenue — works when P/E can't)
API2.18
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
-10.4%
Gross Profit: -$2.17M
Revenue: $20.76M
Revenue: $20.76M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-69.5%
Operating Income: -$14.43M
Revenue: $20.76M
Revenue: $20.76M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-115.3%
Net Income: -$23.93M
Revenue: $20.76M
Revenue: $20.76M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-308.7%
Net Income: -$23.93M
Total Equity: -$832,000
Total Equity: -$832,000
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-29.0%
Operating Income: -$14.43M
Tax Rate: 0.0%
Equity: -$832,000
Total Debt: $36.76M
Cash: $6.21M
Tax Rate: 0.0%
Equity: -$832,000
Total Debt: $36.76M
Cash: $6.21M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.30
Current Assets: $14.35M
Current Liabilities: $47.50M
Current Liabilities: $47.50M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
-44.18
Short-Term Debt: $31.03M
Long-Term Debt: $5.73M
Total Debt: $36.76M
Total Equity: -$832,000
Long-Term Debt: $5.73M
Total Debt: $36.76M
Total Equity: -$832,000
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$2.31
Revenue: $20.76M
Shares: 8,991,425
Shares: 8,991,425
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$-0.09
Total Equity: -$832,000
Shares: 8,991,425
Shares: 8,991,425
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-1.05
Operating CF: -$9.13M
CapEx: -$306,000
Shares: 8,991,425
CapEx: -$306,000
Shares: 8,991,425
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.54
Stock Price: $0.54
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$23.93M
Net Income: -$23.93M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares DSS against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 27, 2026 2:26am (6h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $20.3M | $28.4M | $25.9M | $19.1M | $20.8M |
| Cost of Revenue | $16.8M | $33.0M | $25.4M | $23.5M | $22.9M |
| Gross Profit | $3.5M | -$4.6M | $543,000 | -$4.4M | -$2.2M |
| Operating Expenses | $27.0M | $25.4M | $24.1M | $16.5M | $12.3M |
| Operating Income | -$23.5M | -$30.0M | -$23.6M | -$20.9M | -$14.4M |
| Net Income | -$33.1M | -$59.8M | -$60.6M | -$46.9M | -$23.9M |
| EBITDA | -$35.7M | -$30.4M | -$68.3M | -$50.4M | -$23.7M |
| EPS | $-13.22 | $-10.73 | $-8.67 | $-6.63 | $-2.66 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 2:26am (6h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $56.6M | $19.3M | $6.6M | $11.4M | $6.2M |
| Total Current Assets | $80.3M | $48.0M | $74.6M | $63.8M | $14.3M |
| Total Assets | $282.7M | $248.9M | $153.2M | $106.5M | $67.6M |
| Current Liabilities | $27.8M | $73.7M | $55.6M | $65.0M | $47.5M |
| Long-Term Debt | $55.7M | $10.2M | $7.5M | $2.4M | $5.7M |
| Total Liabilities | $84.5M | $92.2M | $70.0M | $73.7M | $58.9M |
| Total Equity | $161.8M | $125.6M | $63.9M | $20.2M | $-832,000 |
| Retained Earnings | -$134.5M | -$194.3M | -$256.2M | -$303.1M | -$327.0M |
Cash Flow (Annual)
Last updated: Jun 27, 2026 2:26am (6h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$8.8M | -$27.0M | -$19.2M | -$9.1M | -$9.1M |
| Capital Expenditure | -$32.4M | -$2.4M | $-818,000 | $-133,000 | $-306,000 |
| Free Cash Flow | -$41.2M | -$29.3M | -$20.0M | -$9.2M | -$9.4M |
| Acquisitions (net) | $3.4M | -$2.0M | $40,000 | $0 | $15.7M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $51.4M | -$37.3M | -$12.7M | $4.8M | -$5.1M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:00am (just now)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue |
$22.2M $22.2M – $22.2M
|
$24.7M $24.7M – $24.7M
|
$21.7M $21.7M – $21.7M
|
$19.5M $19.5M – $19.5M
|
| EBITDA |
-$17.3M -$17.3M – -$17.3M
|
-$24.7M -$24.7M – -$24.7M
|
-$21.7M -$21.7M – -$21.7M
|
-$19.5M -$19.5M – -$19.5M
|
| Net Income |
-$77.2M -$77.2M – -$77.2M
|
-$7.2M -$7.2M – -$7.2M
|
-$12.7M -$12.7M – -$12.7M
|
-$12.4M -$12.4M – -$12.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 2:26am (6h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +40.0% | -8.6% | -26.4% | +8.7% |
| Gross Profit Growth | -233.6% | +111.8% | -918.0% | +51.2% |
| Operating Income Growth | -27.4% | +21.3% | +11.3% | +31.0% |
| Net Income Growth | -80.7% | -1.3% | +22.6% | +49.0% |
| EBITDA Growth | +14.7% | -124.3% | +26.1% | +53.0% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2025-08-28 | Chan Heng Fai Ambrose | S-Sale | 130,679.00 | $1.35 | $176,090 |
| 2025-08-20 | Chan Heng Fai Ambrose | J-Other | 0.00 | $0.00 | $0 |
| 2025-08-20 | Chan Heng Fai Ambrose | J-Other | 581,395.00 | $0.86 | $500,000 |
| 2025-02-06 | Chan Heng Fai Ambrose | A-Award | 1,000,000.00 | $0.00 | $0 |
| 2024-12-10 | Chan Heng Fai Ambrose | P-Purchase | 820,597.00 | $0.97 | $800,000 |
| 2024-12-10 | Chan Heng Fai Ambrose | P-Purchase | 205,149.00 | $0.97 | $200,000 |
| 2023-12-29 | Wu William Wai Leung | S-Sale | 1,020.00 | $0.13 | $134 |
| 2023-12-28 | Chan Heng Fai Ambrose | P-Purchase | 672,173.00 | $0.15 | $98,137 |
| 2023-10-02 | Lim Sheng Hon Danny | 0.00 | $0.00 | $0 | |
| 2023-04-10 | Heuszel Frank D | A-Award | 1,247,078.00 | $0.22 | $270,367 |
| 2022-12-13 | Chan Heng Fai Ambrose | P-Purchase | 334,921.00 | $0.23 | $75,893 |
| 2022-12-09 | Chan Heng Fai Ambrose | P-Purchase | 51,385.00 | $0.19 | $9,922 |
| 2022-07-11 | WONG HIU PAN | 0.00 | $0.00 | $0 | |
| 2022-07-08 | Wong Shui Yeung | 0.00 | $0.00 | $0 | |
| 2022-07-12 | Alset International Ltd | J-Other | 21,366,177.00 | $0.00 | $0 |
| 2022-07-12 | Chan Heng Fai Ambrose | J-Other | 21,366,177.00 | $8,350,000.00 | $178.4T |
| 2022-07-12 | Alset International Ltd | J-Other | 21,366,177.00 | $0.00 | $0 |
| 2022-07-12 | Alset International Ltd | 0.00 | $0.00 | $0 | |
| 2022-07-12 | Alset International Ltd | 0.00 | $0.00 | $0 | |
| 2022-07-07 | Alset EHome International Inc. | P-Purchase | 17,570,948.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for DSS — it's generated by the pipeline (
market-narrative step).
No community reviews yet for DSS.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30