NetworkNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Subsidiaries Receive Debt Financing to Decrease Defense Sector Order Backlog
Diversified holding company DPW Holdings (NYSE American: DPW) recently announced that two of the company’s subsidiaries secured $700,000 in debt financing, driving its effort to cut the order backlog for the defense sector businesses of Coolisys Technologies, Inc. including its subsidiary, Enertec Systems 2001, Ltd. and Microphase Corporation Inc. The current backlog of these businesses encompasses $17,500,000. $10,500,000 of the backlog is estimated to have a gross profit margin of 28% for fiscal year 2019 and the remaining $7,000,000 has a gross profit margin of roughly 40%. “This funding is strategic as it begins our renewed efforts to reduce the…