secwatch.observer — SEC 8-K summary
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Issuer:     Digital Media Solutions, Inc. (—)
CIK:        0001725134
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001628280-24-023606
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725134/000162828024023606/0001628280-24-023606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725134/000162828024023606/dms-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-023606

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