secwatch.observer — SEC 8-K summary
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Issuer:     Direct Digital Holdings, Inc. (DRCT)
CIK:        0001880613
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001104659-23-035874
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Direct Digital Holdings reports FY2022 revenue $88.0M, up 131% YoY; guides FY2023 revenue $118-122M
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- Q4 revenue $29.4M (+128% YoY); full-year revenue $88.0M (+131% YoY).
- Net income $2.9M vs net loss $1.5M in 2021; adjusted EBITDA $8.8M vs $6.4M.
- Sell-side segment revenue $58.7M (389% growth); buy-side $29.3M (12% growth).
- FY2023 revenue guidance $118M-$122M (36% YoY growth at midpoint).
- Terminated planned SVB credit facility; cash & AR $29.1M as of Dec 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/0001104659-23-035874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880613/000110465923035874/tm2310270d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-035874

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer