secwatch.observer — SEC 8-K summary
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Issuer:     Direct Digital Holdings, Inc. (DRCT)
CIK:        0001880613
Form:       8-K/A
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001104659-23-036111
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880613/000110465923036111/0001104659-23-036111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880613/000110465923036111/tm2310406d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-036111

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