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Direct Digital Holdings (DRCT)
NASDAQ:DRCT
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.67Last Year’s EPS
-$0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -79.17%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted efforts to recover from significant declines in revenue and operating income due to external challenges. Despite strategic initiatives and cost optimization efforts, the dramatic impact on financial performance led to a negative outlook.Company Guidance
During the Q3 2024 earnings call for Direct Digital Holdings (DRCT), the company provided guidance amidst significant challenges. The revenue for Q3 2024 was reported at $9.1 million, marking an 85% decline from the $59.5 million reported in Q3 2023. The Colossus SSP platform experienced a drastic 96% year-over-year revenue decrease to $2.2 million, while the buy-side revenue declined by 12% to $6.9 million. The gross profit for the quarter was $3.5 million, a 70% drop compared to the previous year. The company faced a consolidated operating loss of $3.7 million, a stark contrast to the $4.5 million operating income in Q3 2023, resulting in an 181% year-over-year decrease. The adjusted EBITDA was a loss of $2.9 million, down from an income of $5.4 million in the previous year. For FY 2024, DRCT revised its full-year revenue guidance to $60 million to $70 million, down from the initial $170 million to $190 million target, and projected FY 2025 revenue guidance between $90 million to $110 million as the company aims to rebuild and recover from recent setbacks.Optimization Strategy and Cost Savings
Direct Digital Holdings implemented an optimization strategy, diversified revenue streams, and conducted a cost savings model. Entered into a $20 million equity reserve facility with New Circle Principal Investments to enhance financial liquidity and strengthen shareholder equity.
Launch of Colossus Connections
Announced the launch of Colossus Connections, an initiative to accelerate direct integration efforts with leading demand-side platforms for optimizing supply path efficiency and unlocking more potential demand and revenue.
Unification of Buy-Side Divisions
Unified Direct Digital Holdings' buy-side divisions, Orange 142 and Huddle Masses, to deliver new capabilities in emerging technologies such as AI and machine learning, focusing on small and midsized clients.
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DRCT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DRCT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $2.64 | $1.87 | -29.17% |
| Aug 08, 2024 | $3.07 | $3.41 | +11.07% |
| May 09, 2024 | $4.56 | $4.28 | -6.14% |
| Mar 26, 2024 | $26.51 | $16.04 | -39.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Direct Digital Holdings (DRCT) report earnings?
Direct Digital Holdings (DRCT) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Direct Digital Holdings (DRCT) earnings time?
Direct Digital Holdings (DRCT) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DRCT EPS forecast?
DRCT EPS forecast for the fiscal quarter 2024 (Q4) is -$0.67.
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