Welcome to our dedicated page for DMS news (Ticker: DMS), a resource for investors and traders seeking the latest updates and insights on DMS stock.
Digital Media Solutions, Inc. (DMS) delivers innovative digital advertising solutions through its proprietary technology and data-driven approach. This news hub provides investors and industry professionals with essential updates on corporate developments, financial strategies, and market positioning.
Access timely information about DMS's operational milestones, including capital structure changes and strategic partnerships. Recent highlights include the company's NYSE compliance efforts through a reverse stock split and amended credit agreements demonstrating lender confidence.
Our curated news collection features earnings reports, regulatory filings, technology advancements, and acquisition updates. Stay informed about DMS's performance in key verticals like insurance advertising and data privacy compliance initiatives.
Bookmark this page for direct access to primary source documents and analysis-free updates. Check back for new developments as DMS continues to shape digital performance advertising through technological innovation and strategic financial management.
Digital Media Solutions (NYSE: DMS) announced its Board of Directors is evaluating strategic alternatives to maximize shareholder value. Financial advisors Goldman Sachs & Co and Canaccord Genuity have been retained for this review, while Baker McKenzie serves as legal counsel. No assurance is given regarding the outcome or timing of this process, which lacks a set timetable for completion. DMS emphasizes that strategic alternatives may not result in significant changes and notes potential risks including business disruptions and possible adverse effects on stock price.
Digital Media Solutions, Inc. (DMS) reported strong Q2 2021 results with revenues reaching $105.1 million, a year-over-year increase of $29.9 million. Adjusted revenue grew to $109.3 million. Key growth was driven by the insurance sector, doubling quote requests. Gross profit margin improved to 32.1%. Operating expenses increased by $5.6 million to $25.8 million, influenced by strategic investments. Net income rose to $4.9 million. The company projects Q3 revenues between $108 - $110 million and full-year revenues of $438 - $447 million.
Digital Media Solutions, Inc. (NYSE: DMS) will announce its second-quarter results before the U.S. market opens on August 9, 2021. A conference call will follow at 8:30 a.m. ET, where detailed results will be discussed. Investors can participate via toll-free and international dial-ins or listen to a live webcast on their investor relations page. The company provides technology-enabled digital performance advertising solutions for various sectors, including insurance, using proprietary data and technology to enhance client advertising effectiveness.
Digital Media Solutions, Inc. (NYSE: DMS) has been selected for inclusion in the Russell 3000® Index. This decision will take effect after the U.S. market opens on June 28, following the annual reconstitution of the Russell indexes. CEO Joe Marinucci expressed enthusiasm over this achievement, highlighting its potential to enhance the company's visibility in the investment community. The Russell 3000 Index encompasses the largest U.S. stocks and is widely used by investors for benchmarks and index funds.
Digital Media Solutions, Inc. (NYSE: DMS) has secured a new $275 million five-year senior secured credit facility for its operating subsidiary. The facility includes $225 million in term loans and a $50 million revolving credit line. Proceeds will repay the previous $220 million facility. The new financing enhances liquidity and provides operational flexibility, with a lower amortization schedule. S&P and Moody's assigned credit ratings of 'B' and 'B2', respectively, reflecting the company's financial stability.
Digital Media Solutions (NYSE: DMS) will host one-on-one investor meetings at several upcoming conferences. These include:
- Craig-Hallum 18th Annual Institutional Investor Conference on June 2, 2021
- Stifel 2021 Virtual Cross Sector Insight Conference from June 8-10, 2021
- Canaccord Genuity 41st Annual Growth Conference from August 10-12, 2021
DMS is a key player in technology-enabled digital advertising solutions, focusing on various sectors including insurance and consumer services.
Digital Media Solutions, Inc. (NYSE: DMS) reported a 33.1% revenue growth and 33.5% adjusted revenue growth for Q1 2021, reaching $96.8 million in total revenue. The insurance sector saw remarkable growth, with organic revenue growth of 102% and quote requests up 111%. However, the company faced a preliminary net loss of $0.6 million compared to a net income of $0.8 million in Q1 2020. Guidance for 2021 is promising, with expected adjusted revenue between $455-465 million.
Digital Media Solutions (NYSE: DMS) announced the appointment of David Cantrell as Executive Vice President of Brand Performance, effective May 1. With over 20 years of experience in digital advertising and ecommerce, Cantrell has a history of transforming companies, having doubled revenue at Lifescript and tripled it at LowerMyBills. His track record in developing data-driven strategies aligns with DMS’s goal for growth in its DMS Performance Ad Market. He will report to COO Fernando Borghese.
Digital Media Solutions, Inc. (NYSE: DMS) will announce its first-quarter results on May 10, 2021, prior to the U.S. stock market opening. A conference call is scheduled at 8:30 a.m. Eastern Time to discuss these results. Interested parties can join the call via toll-free U.S. dial-in at 1-833-772-0374 or international dial-in at 1-236-738-2220, using Conference ID 3926869. A live webcast will also be available on the company's investor relations page. A replay of the call will be accessible from May 10 to May 17, 2021.
Digital Media Solutions (NYSE: DMS) has completed an asset purchase from Crisp Marketing, focusing on enhancing its digital advertising capabilities, particularly in the Medicare insurance sector. The acquisition aims to enhance consumer engagement and expand advertiser demand, with a transaction value of $40 million, which includes cash and equity components. DMS projects 2021 revenue guidance of $455-$465 million. Preliminary Q1 results show anticipated revenue of $95-$98 million, tempered by weather disruptions in Texas. DMS continues to invest in growth initiatives, reporting $3 million in revenue from its beta site, Protect.com.
