DMS reports FY 2023 revenue $334.9M, net loss $122.7M; secures $22M financing, strategic review

Digital Media Solutions, Inc.

2024-Q1 EPS reported -$5.96 revenue$70,709,000

FY 2023 net revenue $334.9M, down 14.4% YoY; net loss $122.7M vs $52.5M.
Q4 2023 net revenue $86.1M; gross margin 27.8%, Variable Marketing Margin 31.2%.
FY 2023 Adjusted EBITDA $9.9M vs $25.7M; EPS $(31.96) vs $(12.38).
Secured $22M in new financing from existing lenders on April 17, 2024.
Board initiated strategic alternatives review, may include sale; Houlihan Lokey retained.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Digital Media Solutions, Inc. reported the full year ended December 31, 2023 results: revenue $334.9 million, net income Net loss of $122.7 million, EPS $(31.96).

Period: the full year ended December 31, 2023
Revenue: $334.9 million
Net income: Net loss of $122.7 million
EPS: $(31.96)
Result: reported results

Exact text from the filing

Announces Fourth Quarter And Full Year 2023 Financial Results • Fourth-quarter net revenue of $86.1 million • Full year 2023 revenue of $334.9 million • Fourth-quarter gross margin of 27.8% and Variable Marketing Margin (VMM) of 31.2% 1 • Full year gross margin of 24.7% and VMM of 28.9% • Receives $22 million in new financing from existing lenders • Initiates review of potential strategic alternatives to maximize value Clearwater, Fla.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Digital Media Solutions, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $86.1 million.

Period: the fourth quarter ended December 31, 2023
Revenue: $86.1 million
Result: reported results

Exact text from the filing

in such a filing. --- EX-99.1 (EX-99.1) --- Digital Media Solutions, Inc. Announces Fourth Quarter And Full Year 2023 Financial Results • Fourth-quarter net revenue of $86.1 million • Full year 2023 revenue of $334.9 million • Fourth-quarter gross margin of 27.8% and Variable Marketing Margin (VMM) of 31.2% 1 • Full year gross margin of 24.7% and VMM of

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Source: SEC EDGAR

accession 0001628280-24-016705

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