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DAC Technologies Group International Inc (CE)

DAC Technologies Group International Inc (CE) (DAAT)

0.01
0.00
(0.00%)
Closed July 25 4:00PM

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Key stats and details

Current Price
0.01
Bid
0.00
Ask
0.00
Volume
-
0.00 Day's Range 0.00
0.000001 52 Week Range 0.05
Previous Close
0.01
Open
-
Last Trade
Last Trade Time
Average Volume (3m)
11,075
Financial Volume
-
VWAP
-
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
4000.010.010.0150000.01CS
12000.010.050.01110750.01902935CS
26000.010.050.01230850.01346545CS
520.009849000.00020.051.0E-6204300.00706633CS
156-0.2399-95.99839935970.24990.31.0E-677010.04378013CS
260-0.21-95.45454545450.220.523171.0E-663460.20831011CS

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DAAT Discussion

View Posts
NoNameStocks NoNameStocks 7 years ago
new blog post on DAAT

I wrote it up on my blog. It's cheap and boring and will probably stay that way...

http://www.nonamestocks.com/2017/12/daat-is-cheap.html
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Kahunasand Kahunasand 8 years ago
How can David Collins come out and say he owns more than 50% of the company. He has never disclosed any major holding. Arent you supposed to disclose holdings above 5%. Even if he bought every share that traded in the past 3 years he would not own this much. ANd what ever happened to the loan from the company to Collins? Did he use it to buy these shares? Did he ever pay it back? How about giving your shareholders some money! If the company has extra cash they should buy back shares in the market. THis company should be easily trading at $2 a share.
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VidosL VidosL 10 years ago
How come the company has not been publishing SEC filings lately?
http://www.sec.gov/cgi-bin/browse-edgar?company=DAC+technologies&owner=exclude&action=getcompany
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bbotcs bbotcs 11 years ago
timhyma: Not a bad idea. They make nearly all of their products in China, and salaries have been pushing up there for the past year or so. This aspect of the business I do not like. Buy American and Canadian!
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timhyma timhyma 11 years ago
I took the tax loss in 2011 on this one
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bbotcs bbotcs 11 years ago
timhyma: This dog seems to have awakened, though one day's trading doesn't mean much. My cost is .93, which is .01 over book.

Maybe 10bagger is starting a postion! I'd be happy if it got back to 60 cents!
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timhyma timhyma 14 years ago
I didn't see any R&D expenses in the last 10-Q, so probably no new products being developed. It trades at .3x the tangable book- so I'm holding for a possible buy out at book (92 cents). 48% of the biz is Wal-Mart:

DAC Technologies Group International, Inc. (the β€œCompany”), is in the business of developing, marketing and outsourcing the manufacture of various consumer products, patented and non-patented. Since 2003, the Company’s primary business has been gun maintenance and gun safety, with a target consumer base of sportsmen, hunters and outdoorsmen, and recreational enthusiasts. In 2005, the Company began developing products in the hunting and camping market, and in 2007 and 2008 added a line of household products. In 2009, the Company eliminated a significant portion of its hunting and camping products and some of its household products due to their relatively low gross margins.

Although a significant portion of our business is with the mass-market retailer Wal-Mart (approximately 55% during 2009 and 48% for the first nine months of 2010 ), we have been able to considerably increase our business with large sporting goods retailers, distributors and catalog companies.

Virtually all of the Company’s products are manufactured and imported from mainland China and shipped to the Company’s warehouse facilities in Little Rock, Arkansas and Los Angeles, California for distribution. These products, along with other items manufactured in the United States, are sold primarily to mass merchants and sporting goods retailers throughout the United States and international locations.


Gun Cleaning & Maintenance: We market over fifty (50) different gun cleaning kits, rod sets, tools and accessories used to clean and maintain virtually any firearm on the market......This product area accounted for 60% and 62% of gross sales.....

Hunting and Camping: This product area accounted for 15% and 13% of gross sales .....

Gun Safety: We market twelve (12) different gun safety locks and five (5) security and specialty safes....product area accounted for 19% and 17% of gross sales .....

Household Products: We market five household cleaner dusters and a line of household fireplace screens, tools and accessories. This product area accounted for 6% and 8% of gross sales.....

.....The Company’s gross margins decreased from 30% for the nine months ended September 30, 2009 to 26% for the nine months ended September 30, 2010. This decrease is attributable to the licensing fee the Company now pays for the Winchester ® name for products sold to Wal-Mart, as well as price reductions extended to Wal-Mart in mid-2009. As discussed above, these two issues only affected the first six months/......
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stock_peeker stock_peeker 14 years ago
DAAT dog don't hunt. I've held this stock for a long time, seems like forever, but am now thinking of selling it in January.

It seems the mgt of DAAT are content just working for Walmart and drawing their salary.

Can anyone say whether there is any catalyst (new product, new customer, new anything?) on the horizon?

'peeker
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timhyma timhyma 14 years ago
any interest here? Market cap at 2.1mil? Assets show it is worth 92 cents a share, and trading at 40 cents?
Very little debt, and free cash flow should work out, imo.

I'm still holding, and looking for a turn around story soon
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MikeDDKing MikeDDKing 14 years ago
Note that I have no position in DAAT.
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10 bagger 10 bagger 14 years ago
DAAT.. $0.61 Look out below..

DAC TECHNOLOGIES GROUP INTERNATIONAL, INC.
Condensed Consolidated Statements of Operations
For The Three Months Ended March 31, 2010 and 2009
Unaudited

2010 2009
Net sales $ 2,006,676 $ 3,533,456

Cost of sales 1,467,920 2,461,760


Gross profit 538,756 1,071,696


Operating expenses
Selling 334,361 445,789
General and administrative 301,049 278,049

Total operating expenses 635,410 723,838


Income (loss) from operations (96,654 ) 347,858


Other income (expense)
Interest expense (22,541 ) (47,053 )
Other income β€” 14

Total other income (expense) (22,541 ) (47,039 )


Income (loss) before income tax provision (119,195 ) 300,819

Provision (benefit) for income taxes (45,369 ) 116,520


Net income (loss) $ (73,826 ) $ 184,299


Basic and diluted earnings (loss) per share $ (0.01 ) $ 0.03


Weighted average number of common shares:
Basic and diluted 5,793,699 5,857,710

The accompanying selected notes are an integral part of these condensed consolidated financial statements.
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10 bagger 10 bagger 14 years ago
$DAAT.. $0.61

It appears that the Big Buyer CANT has become the big seller.. hank
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omanfan omanfan 14 years ago
This is a slow mover except on results which were good and in line with expectations. Pretty much all sells at the moment as weak hands dump to go elsewhere. Excellent opportunity to buy in now. This company is ripe for a takeover. Good long term relationships with Walmart and strong manufacturing background in China. I'm even looking at it as worth taking over to fit in with other manufacturing projects my partners have in China.
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timhyma timhyma 14 years ago
I agree, I'm willing disliking my positions in OTC land, lol.
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MikeDDKing MikeDDKing 14 years ago
Q4 was a little weak but I don't think this drop was justified IMO.
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timhyma timhyma 14 years ago
Why the pps dropping like a rock?
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MikeDDKing MikeDDKing 14 years ago
DAC Technologies Announces 2009 Results
On Thursday March 25, 2010, 8:30 am

LITTLE ROCK, AR--(Marketwire - 03/25/10) - DAC Technologies (OTC.BB:DAAT - News) today announced results for 2009. Net income for the year ending December 31, 2009 was $553,555 as compared to $356,694 for the same ending period in 2008. This is an increase of $196,861 or a 55% increase in net income. Gross profit margins were 28% in 2009 versus 22% in 2008 or an increase of 6%. Earnings per share for 2009 were 10 cents versus 06 cents a share in 2008. This is an increase of .04 cents per share or a 67% increase in earnings per share.

Net sales for 2009 were $14,680,709 as compared to $17,042,361 for 2008, a decrease of $2,361,652 or 14%. This decrease in sales came from the Company's decision not to manufacture low gross margin products, primarily fireplace equipment and game processing items, but instead to concentrate on its core business of gun cleaning and firearm accessories including gun locks. Non-core items accounted for $4,842,192 in gross revenue in 2008 with very little if any profit margins. The Company's core business of gun cleaning and firearm accessories increased in 2009 to $12,547,920 in gross revenues as compared to $10,060,248 in 2008. This is an increase of $2,487,672 or a 25% increase in core business sales.

David A. Collins, Chairman and CEO, noted, "Although our net sales declined, our core business increased substantially along with substantial increases in net profits, operating profits, gross margins and earnings per share. The company has also opened an office in Bentonville, AR and a distribution center in Los Angeles, CA to better serve Wal-Mart and all of our customers. The company is looking forward to a good 2010, especially in the 3rd and 4th quarter as we have new products going into most all of our customers, including Wal-Mart and Cabelas."

In addition, the Company will be filing its annual 10K Report, including audited financial statements, with the Securities and Exchange Commission, no later than March 31, 2010.

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 statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.
Contact:



For Shareholder Information please call 1-800-920-0098 or email at Email Contact.
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MikeDDKing MikeDDKing 14 years ago
LOL
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stonehenge stonehenge 14 years ago
OT: rifle discipline .. .. .. .. .. .. ..

For those that don't know him, Major General Peter Cosgrove is an Australian.
General Cosgrove was interviewed on the radio recently...
Read his reply to questions of a female interviewer regarding the sponsorship by his military headquarters to a Boy Scout Troop visiting the military Headquarters.
Regardless of how you feel about gun laws you have to love this!

This is one of the best comeback lines of all time.


FEMALE INTERVIEWER: β€œSo, General Cosgrove, what things are you going to teach these young boys when they visit your base?”

GENERAL COSGROVE: β€œWe're going to teach them climbing, canoeing, archery and shooting.”

FEMALE INTERVIEWER: β€œ Shooting?! That's a bit irresponsible, isn't it?”

GENERAL COSGROVE: β€œI don't see why, they'll be properly supervised on the rifle range.”

FEMALE INTERVIEWER: β€œDon't you admit that this is a terribly dangerous activity to be teaching children?”

GENERAL COSGROVE: β€œI don't see how. We will be teaching them proper rifle discipline before they even touch a firearm. β€œ

FEMALE INTERVIEWER: β€œ But you're equipping them to become violent killers.”

GENERAL COSGROVE: β€œWell, Ma'am, you're equipped to be a prostitute, but you're not one, are you?”

The radiocast went silent for 46 seconds and, when it returned, this interview was over…….


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MikeDDKing MikeDDKing 15 years ago
For those that don't know, DAAT is contained in the SwingTrade portfolio:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44410230
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Rawnoc Rawnoc 15 years ago
Brave.
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MikeDDKing MikeDDKing 15 years ago
Well, that proves my point that not many stocks are trading at this multiple.
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Knowledge is King Knowledge is King 15 years ago
Surprisingly, I don't know "how many"...


however, here are five that I own: SMID, SECX, GLUX, TRNT, and DAAT
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Rawnoc Rawnoc 15 years ago
I hear crickets.
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MikeDDKing MikeDDKing 15 years ago
I'm still waiting for the answer to this question:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43771304

Please post the answer here with tickers:
http://investorshub.advfn.com/boards/board.aspx?board_id=1781
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Knowledge is King Knowledge is King 15 years ago
DAAT bid is $.67. Realityyyyyyyyyyyyyyyyyyyy
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MikeDDKing MikeDDKing 15 years ago
DAAT printed $0.89. Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.
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MikeDDKing MikeDDKing 15 years ago
Thanks but I have enough shares for now :)
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houtheman houtheman 15 years ago
Mike - you can buy my shares at $0.8599 - let me know if you want it and I'll put the sell order in. Special offer just for you :)
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MikeDDKing MikeDDKing 15 years ago
I added shares of DAAT at the open. This is just crazy cheap!
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MikeDDKing MikeDDKing 15 years ago
Yes, but how many US based, non-bank, companies do you know of that are trading at less than book value, are fully taxed, have a PE of 6 or lower, and are growing earnings? Also, if you listen to the interview it sounds like the company will grow in 2010 with possibly better margins. Furthermore, it sounds like there still is a possibility of 2009 earnings in the $0.14-$0.16 range but I would stick with $0.12-$0.14 to be safe.
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Knowledge is King Knowledge is King 15 years ago
Unfortunately, guidance cut...


In the 8/17 PR for Q2 results, Collins said "the Company is raising guidance on EPS from 12 to 14 cents per share to 14 to 16 cents per share."

Now, as of 11/19, we're back to "between 12 and 14 cents".
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MikeDDKing MikeDDKing 15 years ago
David A. Collins, CEO of DAC Technologies Interviewed on Smallcaps.US
On 8:30 am EST, Friday November 20, 2009

LITTLE ROCK, AR--(Marketwire - 11/20/09) - DAC Technologies (OTC.BB:DAAT - News) is pleased to announce that Chairman and CEO, David A. Collins, was featured in an interview with Smallcaps.us. The interview took place November 19, 2009 and can be heard in its entirety by logging on to http://smallcaps.us/blog/?p=412.

In the interview, Mr. Collins stated that it was still too early in the fourth quarter to tell what revenues and earnings the Company will realize in fiscal year 2009. He did feel comfortable with his initial guidance of 2009 earnings between 12 and 14 cents per share. This would represent a 100% increase over 2008's earnings of 6 cents per share.

Furthermore, Mr. Collins confirmed that the largest purchase order in the Company's sixteen-year history was completely shipped and is in stores at the present time. The Wal-Mart purchase order was for the Company's deluxe gun cleaning kit and was in excess of seven figures.

Looking at 2010, Mr. Collins said that the Company has picked up seven new products at the world's second largest sporting goods retailer, and that it is increasing its business and product line with most all other sporting goods retailers. This way, the Company hopes to increase its revenues and gross margins in 2010.

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 statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward- looking statements.

Contact:
For Shareholder Information please call
1-800-920-0098
Email Contact
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MikeDDKing MikeDDKing 15 years ago
The Wal-Mart order is a significant part of the inventory.

From the 10-Q: "Inventories have increased significantly since December 31, 2008, but this increase is planned and normal due to the seasonality of the Company’s business. A more appropriate comparison would be to September 30, 2008 inventory of $5,449,191. A significant portion of the increase in inventory is related to the large Holiday Promotion order from Wal-Mart for the Company’s Deluxe Gun Cleaning kit that shipped in October 2009. The increase in accounts payable is directly related to the increase in inventory."
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timhyma timhyma 15 years ago
My starter position is only a dime higher than current pps, so I'm not to concerned <bg>.
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Rawnoc Rawnoc 15 years ago
It's probably related to the Walmart order. But they didn't repeat guidance so who the hell knows, especially with Walmart. Could have reduced the size of the order or something.
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timhyma timhyma 15 years ago
I guess if they burn up that large inventory, and reduce A/R, they might be able to do it.
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Rawnoc Rawnoc 15 years ago
You are right, I was looking at the 9 month number and not the 3 month number, but I do find this ironic despite being wrong....

Posted by: SSKILLZ1 Date: Monday, November 16, 2009 2:17:21 PM
In reply to: Rawnoc who wrote msg# 567 Post # of 568

Isn't it great when people don't read thing properly (Don't worry I do it enough myself). And once again it pains me to say this. LOL.

Your Wrong

Gross margins were 28.29% this quarter.

=================================

While bolding "Your wrong" you misspelled the word "you're" :)
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SSKILLZ1 SSKILLZ1 15 years ago
Isn't it great when people don't read thing properly (Don't worry I do it enough myself). And once again it pains me to say this. LOL.

Your Wrong

Gross margins were 28.29% this quarter.

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Rawnoc Rawnoc 15 years ago
Gross margins went from 30.2% to 30.0%? Is this the dangerous trend you are referring to?

Scary stuff, I agree.....lol

Of course I'm saying that with tongue in cheek. We have no idea what the margins are for the new product line which could be much higher or much lower or anything inbetween, but in the mean time if you're concerned about a 0.2% difference in gross margins on $3 million in sales, I'll tell ya what? If I buy back into the stock I'll write the company a check for $6,000 as a gift to make up the difference in margins. :)
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SSKILLZ1 SSKILLZ1 15 years ago
Yes it does, but you have to remember they cut 4.8 Million in sales out of the picture by cutting that lower margin business if I'm reading it right. So they won't be growing top line in 2009. Even if revenues grow 30% y/y (q3 + q4 combined) minus losing that 4.8 million in sales. They still don't even get to 6 million in sales for q4 if I'm calculating right.

Keep in Mind 41% of their sales was from order last year of business that they will not be doing in q3 and q4.

Margins is starting to concern me. They dropped sequentially, and you have to wonder if they are going to continue?

I think and .ob stock who is showing declining y/y revs, I fully understand why they are showing declining revs, plus 2010 revs should probably grow. So Long run, I think you may be right, short run stock may be dead money, or even drop further, until the q4 report, keep in mind q4 doesn't come out until late march. I think the uncertainty (Margins and q4 sales) will give it a 7-10 PE on the low end of guidence. Having said that this stock may trade under fair value levels until we have better visability going foward. Just my opinion.
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Rawnoc Rawnoc 15 years ago
I have no position either, but I'm watching like a hawk for reentry. Q4 onward should kick butt. Their core business is where the growth is and it's very healthy. I would guess they have a pretty good handle on Q4 based on advance orders, but you're right that they didn't repeat guidance isn't very comforting, but they seem to have a history of leaving out great details for some reason that we end up reading about in the filings later on. They've always been kind of strange with their PRs in that way.
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MikeDDKing MikeDDKing 15 years ago
I disagree with that multiple range. I'd give it 10-12.

Also, while overall revenue hasn't grown in 2009 that was never expected as they cut low margin lines. Their revenue for gun cleaning and gun safety products which is the lions share of their revenue is growing.

Finally, there is this statement in the press release today: "The Company has introduced a new line of Winchester gun cleaning kits into Wal-Mart in 2009 and looks forward to expanding its Winchester products in both Wal-Mart and other retailers in 2010." That sounds like growth in 2010 to me.
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Rawnoc Rawnoc 15 years ago
Yes, it's LITERALLY a "tall order" - did you not read the PR Mike copy and pasted for you?

"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."



Also keep in mind that .07 EPS is only $400,000 in net income. It doesn't take a lot of imagination to figure out how a "well in excess of seven figures" order could and should lead to $400,000 in net income.


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SSKILLZ1 SSKILLZ1 15 years ago
Yeah but revenue are probably going to be down y/y in q4, we went from a growth story, to a value story today. Hence a different multiple needs to be given. Those that were planning on giving 12-15 Multiples can take those number down to about 7-10 for fair value. Now granted 7 times is $0.98 if they hit the low end of FY 2009 guidence. So it is probably undervalued, but the fact that they didn't reiterate guidence does make me believe they may not hit guidence.

Gross Margins were down sequentially this quarter, and you have to wonder if they will dip some more in q4 versus q3. The question is how much sales will be down y/y in q4? Will Margins continue to drop sequentially? Today was not good news no matter how you look at it, but it is probably undervalued here in the mid 70's. Having said that I hold no position in the stock at this time, and am not looking to acquire one, My guess is if your a buyer you will have a chance to acquire shares in the low to mid 60's before q4. Then again my predictions haven't been very good lately so who knows? Just my opinion.
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MikeDDKing MikeDDKing 15 years ago
Q4 is the seasonally strongest quarter for DAAT. Last year they had revenue of $7.7M in that quarter but margins were lower due to products purchased with sky high commodity prices.

With the higher margins this year it is certainly possible for them to hit the annual EPS range of $0.14-$0.16.
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timhyma timhyma 15 years ago
Thanks- but that seems like a tall order, considering they have only .07 EPS in the previous three quarters on $9.7mil, so basically, they plan to double in one quarter, what they did all of the last three quarters?

Sounds a lot like the promises of some other speculative companies I've followed, lol.

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MikeDDKing MikeDDKing 15 years ago
It wasn't in the Q3'09 earnings release but was in the following PR from September 3rd:

DAC Technologies Receives Large Holiday Purchase Orders
Press Release
On 8:30 am EDT, Thursday September 3, 2009

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 statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward-looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.

Contact:
For Shareholder Information:1-800-920-0098Email Contact
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timhyma timhyma 15 years ago
Mike, could you tell me where/when they did this? I didn't read it in the earnings release

They just reaffirmed their guidance on September 3rd for 2009 EPS of $0.14-$0.16.
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Hegotgame Hegotgame 15 years ago
I agree..looking to add myself. eom
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