DSG Global Inc’s (OTCMKTS:DSGT) Subsidiary Releases Earnings
DSG Global Inc (OTCMKTS:DSGT), which operates as a fully owned listed subsidiary of DSG Global, was in the news yesterday after it provided an update with regards to its sales performance in the first quarter.
Vantage-TAG continues rapid Q1 sales pace of industry-leading GPS Fleet Management System adding $2 Million to existing order book of $14 Million.
The company announced that the sales it made to as many as 20 golf courses in the first fiscal quarter of 2023 represented $2 million in total sales. That brought the value of the total loan book to $16 million. In this context, the company noted that its participation in the PGA Show in January earlier on this year had been one of the reasons behind the performance. It had helped in accelerating the sales performance of its recently launched product Infinity 10’ orientable HD screen.
The company announced that it signed deals with 20 different golf courses following its participation in the event. The company’s senior Vice-President of global sales Patrick Parenti noted that DSG Global was now on track to do 100 new golf course installations, which could lead to GPS revenues to the tune of more than $10 million. He went on to note that the response from the operators had been quite encouraging.