Digital Media Solutions Q1 net revenue $70.7M (-21.7% YoY); net loss $26.3M; adjusted EBITDA negative $4.3M

Digital Media Solutions, Inc.

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

Net revenue $70.7M, down 21.7% YoY; gross margin 20.2%, down 4.5 ppts from 24.7%.
Net loss $26.3M compared to $20.7M loss in Q1 2023; EPS loss $(5.96) vs $(4.67).
Adjusted EBITDA loss $(4.3)M vs positive $3.4M a year ago; adjusted EPS loss $(3.50) vs $(0.78).
Segment: Marketplace Solutions revenue up 4.1% to $38.8M; Brand Direct down 24.1% to $42.0M.
Cash $14.2M; total debt $301.9M; operating expenses cut 20% to $26.1M.

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 0.7

Digital Media Solutions, Inc. reported financial results for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 15, 2024, Digital Media Solutions, Inc. issued a press release announcing its financial results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001628280-24-023606

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