Financial business

InvestorNewsBreaks – DSG Global Inc. (DSGT) Releases Third Quarter 2021 Financial and Business Report

DSG Global (OTCQB: DSGT) has released its financial figures and operational highlights for the third quarter of 2021, the period ending September 30, 2021. Financial figures of note include 49.1% revenue growth in the third quarter 2021 compared to the third quarter of 2020. Sales for the quarter increased from $ 334,161 to $ 498,380, growth the company attributed to its new version of the Infinity product. In addition, the gross margin for the quarter reached $ 271,928 compared to $ 165,950 for the third quarter of 2020, and total inventories increased by $ 430,177. Total property, plant and equipment increased from $ 2,030,732 in June 2021 to $ 3,561,470 as of September 30, 2021, with total cash reaching $ 1,317,646 for the quarter, compared to $ 148,084. For the first nine months of 2021, DSGT reported sales of $ 1,380,324, up from $ 608,328 for the same period last year, with a gross margin also increased from $ 361,466 last year to $ 822,026. , an increase of 127.4%. Commercial highlights for the third quarter of 2021 include approval of the approval of the ET5 SUV in Europe; the company renamed the vehicle to SEV. DSGT also introduced new models of electric vehicles as well as the new 12-meter class bus and cargo and multi-passenger vans. The company continues to expand its network of candidate dealers, has received a manufacturing license and a worldwide manufacturing identification code for the Terra Truck and SEV, and has started production of its first SEV vehicles, all of which have been pre-sold. In addition, the company has participated in several leading auto shows, where it has showcased its new vehicles and taken pre-orders. “As we continue to generate interest and orders for our vehicles, this is an exciting time for our business,” said Robert Silzer, CEO of DSG Global, in the press release. “With the acceleration of golf course installations and the start of vehicle deliveries shortly, we expect revenue to multiply several-fold each quarter in 2022 and for the foreseeable future. All segments of our business, including Infinity HD, 4G Beacons, Golf Carts, Electric Bikes, and Electric Vehicles, are growing. In the current quarter, we expect orders to increase rapidly and begin to start delivering vehicles to end customers. Large-scale deliveries will begin at the end of the first quarter of 2022. We expect to become one of the leaders in the electric vehicle industry very quickly.

To view the full press release, visit https://ibn.fm/Dhn4k

About DSG Global Inc.

DSG Global is an emerging global technology company with a range of interconnected businesses in some of the fastest growing market sectors. With roots in the golf industry where it specializes in fleet management with patented analytics, mobile touchscreen engagement and electric golf carts under the Vantage Tag Systems (“VTS”) brand, the society is changing rapidly with the sale of electric vehicles ready for the road. in the first quarter of 2021 via its subsidiary Imperium Motor Company. For more information about the company, please visit www.DSGTGlobal.com.

NOTICE TO INVESTORS: The latest news and updates relating to DSGT are available in the company newsroom at https://ibn.fm/DSGT

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