Direct Digital Holdings, Inc. Stock Price, News & Analysis

Direct Digital Holdings (Nasdaq: DRCT) will release its financial results for the first quarter of fiscal year 2023, ending March 31, 2023, on May 11, 2023, after the U.S. market closes. A conference call and webcast will follow at 5:00 PM ET on the same day to discuss the results. The Company operates through its subsidiaries, Colossus Media, Huddled Masses, and Orange142, providing advertising and marketing technology solutions. They manage over 100,000 clients monthly, generating more than 100 billion impressions across various media channels. Direct Digital Holdings is notable for being the ninth black-owned company to go public in the U.S. and has been recognized as a top minority-owned business by The Houston Business Journal.

Direct Digital Holdings (Nasdaq: DRCT) has revised its FY 2022 financial results, reporting a revenue increase of $1.3 million, resulting in total revenue of $89.4 million and EPS of $0.33. This revision, announced on April 17, 2023, reflects the performance of its subsidiary, Colossus SSP, and is detailed in the Company’s Annual Report filed with the SEC. Despite this positive revision, the updated figures do not impact cash flows or the revenue guidance for 2023, which remains between $118 million and $122 million. Direct Digital Holdings continues to provide advanced advertising solutions to approximately 90,000 clients, generating over 100 billion impressions across various media channels.

Direct Digital Holdings (Nasdaq: DRCT) will present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023, at 2:30 PM PST. Company President Keith Smith and CFO Susan Echard will lead the presentation, followed by a Q&A session. Additionally, they will host 1x1 meetings on April 27, 2023. The company is experiencing significant growth in the digital advertising sector, focusing on underserved mid-sized and multicultural markets. This aligns with their recent research whitepaper on engaging diverse communities. Direct Digital Holdings is a notable player in programmatic advertising, managing 90,000 clients monthly and generating over 100 billion impressions across various media channels. As the ninth black-owned company to go public in the U.S., it has been recognized as a top minority-owned business by The Houston Business Journal.

Direct Digital Holdings, Inc. (Nasdaq: DRCT) reported impressive financial results for the fiscal year 2022, with a total revenue of $88.0 million, marking a 131% increase year-over-year. In Q4 2022, revenue reached $29.4 million, up 128% compared to Q4 2021. The sell-side advertising segment was particularly strong, with revenues growing 231% to $22.3 million. The company anticipates 36% revenue growth in FY 2023, forecasting revenues between $118 million and $122 million. Net income for 2022 was $2.9 million, compared to a net loss of $1.5 million in the prior year, displaying a positive shift in financial performance.

Direct Digital Holdings (Nasdaq: DRCT) announced key executive appointments to bolster growth. Calvin Scharff joins as the first Vice President of Marketing, leveraging his experience from Pixalate, where he launched a Publisher Trust Index. He will focus on digital marketing strategies to enhance customer acquisition. Michael Ivancic is named Head of Product, coming from EMX, where he developed product strategies for programmatic advertising. His role will involve overseeing product strategy for both buy-side and supply-side initiatives. Both executives will report to senior company leaders, enhancing Direct Digital Holdings' operational capabilities in the advertising technology sector.

Direct Digital Holdings (Nasdaq: DRCT) will announce its financial results for Q4 and the fiscal year ending December 31, 2022, on March 23, 2023, following market closure. A conference call will occur at 5:00 PM ET on the same day for discussions regarding the results. Direct Digital Holdings, which operates through subsidiaries Colossus SSP, Huddled Masses, and Orange142, serves around 90,000 clients per month, generating over 100 billion impressions across various media channels. Recognized as the ninth black-owned public company in the U.S., it is also noted as a top minority-owned business by The Houston Business Journal.

Direct Digital Holdings (Nasdaq: DRCT) will participate in the 35th Annual Roth Conference from March 12-14, 2023 at The Ritz Carlton in Dana Point, California. Key executives, including Mark D. Walker, Keith Smith, and Susan Echard, will represent the company. Walker is set to engage in a fireside chat on March 14 at 12:30 PM PT, while Smith will participate in an IPO Readiness panel at 10:00 AM PT the same day. The company operates Colossus SSP, Huddled Masses, and Orange142, servicing approximately 90,000 clients monthly, generating over 100 billion impressions across various media channels.

Direct Digital Holdings, Inc. (Nasdaq: DRCT) announced a new $5 million revolving credit facility with Silicon Valley Bank, enhancing its liquidity position. The facility includes an additional $2.5 million that may raise total access to $7.5 million, with loans maturing on September 30, 2024. CEO Mark D. Walker emphasized that this partnership diversifies access to capital and supports working capital needs. Direct Digital Holdings, a leader in advertising technology, manages approximately 90,000 clients monthly and generates over 100 billion impressions across various media channels.