secwatch / observer

Direct Digital Holdings, Inc. — fact timeline

Source-grounded facts extracted from Direct Digital Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

DRCT Direct Digital Holdings, Inc. JSON
Earnings Releases

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

“Revenue in fiscal year 2022 was $88.0 million, an increase of $49.9 million, or 131%, over the $38.1 million in fiscal year 2021.”
Earnings Releases

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

“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.”
Earnings Releases

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.

“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”
Earnings Releases

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

“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.”

Mistelle Locke was appointed as Director at Direct Digital Holdings, Inc..

“On January 16, 2023, the Board of Directors (the “Board”) of Direct Digital Holdings, Inc. (the “Company”) appointed Mistelle Locke to its Board”
Debt Financings

Direct Digital Holdings, Inc. incurred revolving credit of $5 million with Silicon Valley Bank at greater of (i) 6.25% and (ii) the prime rate plus the prime rate margin maturing September 30, 2024.

“”) and Orange142, LLC (“ Orange ”), as borrowers. The Loan Agreement provides for a revolving credit facility (the “ Credit Facility ”) in the original principal amount of $5 million, subject to a borrowing base determined based on eligible accounts, and up to an additional $2.5 million incremental revolving facility subject to the lender’s consent, which may”
Material Agreements

Direct Digital Holdings, Inc. amended Third Amendment with Lafayette Square Loan Servicing, LLC (effective 2023-01-09).

“On January 9, 2023, DDH LLC entered into the Third Amendment (the “ Amendment ”) to the Term Loan and Security Agreement, dated December 3, 2021 (the “ 2021 Credit Facility ”) with the Company, Colossus, HM, and Orange, as guarantors, and Lafayette Square Loan Servicing, LLC (“ Lafayette Square ”), as administrative agent, and the various lenders thereto.”
Material Agreements

Direct Digital Holdings, Inc. entered into Loan Agreement with Silicon Valley Bank valued at $5 million (effective 2023-01-09).

“On January 9, 2023, Direct Digital Holdings, Inc. (the “ Company ”) entered into a Loan and Security Agreement (the “ Loan Agreement ”), by and among Silicon Valley Bank (“ SVB ”), as lender, and Direct Digital Holdings, LLC (“ DDH LLC ”), the Company, Huddled Masses LLC (“ HM ”), Colossus Media, LLC (“ Colossus ”) and Orange142, LLC (“ Orange ”), as borrowers.”
Material Agreements

Direct Digital Holdings, Inc. entered into Exclusive License and Sale Agreement with SmartyAds, Inc. valued at $500,000 (effective 2022-11-09).

“On November 9, 2022, Colossus Media, LLC (“ Colossus ”), a wholly owned subsidiary of Direct Digital Holdings, Inc., entered into that certain Exclusive License and Sale Agreement (the “ License Agreement ”), by and between Colossus and SmartyAds, Inc. (“ SmartyAds ”), pursuant to which SmartyAds provided an exclusive license to Colossus for the use, development and improvement of certain technology related to the fully functional, standalone, independently functioning, Supply-Side Platform currently being operated by Colossus under the trademarked banner of Colossus SSP, for a one-time license fee of $500,000, excluding fees for technical transfer, support, or maintenance services.”
Earnings Releases

Direct Digital Holdings, Inc. reported third quarter ended September 30, 2022 results: revenue $26.0 million, net income $0.8 million, EPS $0.06 per share. Guidance raised.

“Direct Digital Holdings Reports Third Quarter 2022 Financial Results Third Quarter 2022 Revenue Up 211% Year-Over-Year to $26.0 Million Third Quarter Net Income Up Year-Over-Year to $0.8 Million, or $0.06 per Share Company Raises Revenue Guidance to $85 Million-$90 Million for Full-Year 2022”
Material Agreements

Direct Digital Holdings, Inc. terminated Credit Agreement with East West Bank valued at approximately $403,696.28 (effective 2022-07-26).

“On July 26, 2022, Direct Digital Holdings, Inc. (the “ Company ”) terminated its Credit Agreement, dated as of September 30, 2020 (as amended, the “ Credit Agreement ”), by and among the Company, Colossus Media, LLC, Huddled Masses LLC, Orange142, LLC, Universal Standards for Digital Marketing, LLC, and East West Bank (“ EWB ”), after having repaid in full all indebtedness under the Credit Agreement.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.