Cerberus Capital & Owl Creek Buy More Shares of Pacific DataVision Inc. (PDVW)

The company has recently launched its two-way radio solution DispatchPlus, which is incorporated with the company’s proprietary cloud-based mobile resource management solutions including workforce tracking, status mapping and intelligent call prioritization. Reportedly, Pacific DataVision has received promising feedback from its dealers and customers and seems to be on the right track towards unlocking a thriving revenue stream. Over the last few months, Pacific DataVision has been primarily focusing on creating and finding distribution channels, and developing suitable sales and marketing programs for its newly-launched product, so it might take a while until the company realizes benefits from its DispatchPlus.

Pacific DataVision, also known as pdvWireless, has recently reported its financial results for the first quarter of the fiscal 2016, ended June 30, 2015. The company posted revenue of $841,000 for the quarter, compared to $831,000 reported a year ago. Simultaneously, pdvWireless delivered a net loss of $4.35 million or $0.32 per share, compared to a net loss of $2.59 million or $0.92 per share posted for the same quarter of the previous year. Considering the fact the Pacific DataVision has been recently working on finding opportunities related to the commercialization of its DispatchPlus, the upcoming financial reports might actually bury interesting insights about the company’s future outlook.

Disclosure: None