Welcome to our dedicated page for Digital Media Solutions news (Ticker: $DMSL), a resource for investors and traders seeking the latest updates and insights on Digital Media Solutions stock.
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Digital Media Solutions (DMS) reported Q1 2024 financial results, showing a net revenue of $70.7 million, down 21.7% compared to Q1 2023. The gross margin was 20.2%, a decline of 4.5 percentage points (PPTS), with a Variable Marketing Margin (VMM) of 23.7%, down 6.1 PPTS. Net loss for the quarter was $26.3 million, compared to a net loss of $20.7 million in Q1 2023. Adjusted EBITDA was $(4.3) million versus $3.4 million, and EPS was $(5.96) compared to $(4.67) last year. The Marketplace Solutions segment saw a 4.1% revenue increase to $38.8 million, while Brand Direct Solutions and Technology Solutions experienced declines. Total operating expenses decreased by 20% to $26.1 million, and the company ended the quarter with $14.2 million in cash and $301.9 million in total debt.