Digital Power Corporation (NYSEAMERICAN:DPW) reported that it will present at the upcoming 10th Annual LD Micro Investor conference on December 7 in Los Angeles, CA. Members of the firm’s executive management team will be showcasing on behalf of the firm.
During the conference, senior management will enter into one-on-one meetings. The firm looks forward to making new associations and meeting current associates and investors attending the event. Digital Power reported that it will release an investor update before the market opening on the morning of presentation. Topics will comprise an update on revenue projection for the quarter and next year, a progress update on the cryptocurrency measure by Coolisys Technologies, developments recorded on the MTIX $50 million purchase order and the latest technology platform and an information on Digital Power Lending.
This event marks as the leading independent conference for micro-cap/small firms showcasing 250 firms presenting to an audience of more than 1,000 attendees. The conference is a 4-day event that includes invitation-only presentations from the most successful firms as well as the latest innovative companies.
In unrelated news, Digital Power reported that it anticipates to record losses for upcoming period and needs to raise increased funds to support is business development plan and to meet its working capital requirements, mainly in relation with the machines manufacturing for MTIX, Ltd. As of the end of September 30, 2017, the fair value of the firm’s investments stood at $3.782 million compared to $1.036 million, as of the close of December 31, 2016. These were concentrated in equity and debt securities of Avalanche International Corp., an associated party, which are marked as available-for-sale investments.
In the last trading session, the stock price of Digital Power jumped more than 5% to close the day at $3.66. The gains came at a share volume of 38.76 million compared to average share volume of 5.11 million.