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Digital Media Solutions (NYSE: DMS) announced it received a notice from the NYSE on March 30, 2023, for failing to maintain the minimum stock price requirement of $1.00 over 30 consecutive trading days. The company has six months to comply and plans to notify the NYSE of its intent to rectify the issue, possibly considering a reverse stock split if necessary. Despite the notice, DMS's stock will remain listed during the compliance period. The company emphasizes its focus on regaining compliance with NYSE standards and outlines the potential challenges ahead.
Digital Media Solutions, Inc. (DMS) reported fourth-quarter 2022 net revenue of $100.8 million, a 15.3% decline year-over-year, with a net loss of $25.1 million. Full-year revenue reached $391.1 million, exceeding guidance but down 8.6% from 2021. Adjusted EBITDA for the fourth quarter was $7.1 million, down from $14.7 million. DMS completed the acquisition of HomeQuote.io and ClickDealer, which are expected to enhance growth opportunities. The company ended 2022 with $48.8 million in cash and $256.8 million in total debt. Guidance for Q1 2023 projects net revenue between $90 million and $92 million.
Digital Media Solutions, Inc. (NYSE: DMS) will release its fourth quarter and full year 2022 results on March 31, 2023, at 6:45 a.m. ET. A conference call is set for 8:45 a.m. ET that same day. Investors can access the call via a U.S. toll-free number at 1-844-200-6205 or internationally at 1-646-904-5544 with the access code 437128. The call will also be available through a live webcast on the company's investor relations page. A replay will be accessible from March 31 to April 7, 2023.