Direct Digital corrects FY2022 EPS to $0.23; revenue up 131% to $88M

Direct Digital Holdings, Inc.

Corrected net income per basic/diluted share to $0.23 from $0.17; weighted-average shares 12,637,551 vs 16,896,360.
Full-year 2022 revenue $88.0M, up 131% YoY; Q4 revenue $29.4M, up 128% YoY.
FY2022 net income $2.9M vs loss of $1.5M in 2021; Adjusted EBITDA $8.8M vs $6.4M.
Sell-side advertising revenue $58.7M (+389% YoY); buy-side $29.3M (+12% YoY).
FY2023 revenue guidance $118M-$122M, 36% growth at midpoint.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Direct Digital Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $29.4 million, net income $0.2 million. Guidance initiated.

Period: the fourth quarter ended December 31, 2022
Revenue: $29.4 million
Net income: $0.2 million
Guidance: initiated
Result: reported results

Exact text from the filing

Revenue was $29.4 million in the fourth quarter of 2022, an increase of $16.5 million, or 128% over the $12.9 million in the same period of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Direct Digital Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $88.0 million, net income $2.9 million, EPS $0.23. Guidance initiated.

Period: the fiscal year ended December 31, 2022
Revenue: $88.0 million
Net income: $2.9 million
EPS: $0.23
Guidance: initiated
Result: reported results

Exact text from the filing

release follows: Correction: Direct Digital Holdings Reports Fourth Quarter & Full-Year 2022 Financial Results Full-Year 2022 Revenue Up 131% Year-Over-Year to $88.0 Million Fourth Quarter 2022 Revenue Up 128% to $29.4 Million Houston, March 23, 2023 -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a

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Source: SEC EDGAR

accession 0001104659-23-036111

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