Direct Communication Solutions, which provides IoT hardware, software, and connectivity solutions, filed on Friday with the SEC to raise up to $15 million in an initial public offering. The company is currently listed on the OTC, CSE, and Frankfurt Stock Exchange under the symbols "DCSX", "DCSI", and "7QU0", respectively. The company had previously filed for a NYSE American uplisting in July 2022, but later withdrew its prospectus in October 2023.
Direct Communication Solutions provides 4G/5G IoT sensor hardware, SaaS-based platforms, and managed connectivity solutions to multiple industries such as fleet management, retail point-of-sale, and energy and utilities. It maintains partnerships with Verizon, United States Cellular, Synnex, and Hyperion Partners for device deployment, and offers platforms including MiFleet, MiSensors, and video telematics. Its solutions deliver real-time data insights, predictive maintenance, and global connectivity to a vast client base.
The San Diego, CA-based company was founded in 2006 and booked $9 million in revenue for the 12 months ended September 30, 2025. Direct Communication Solutions filed confidentially on September 9, 2022. It plans to list on the NYSE American under the symbol DCSX. Revere Securities and Chaince Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
