Welcome to our dedicated page for Digital Media Solutions news (Ticker: DMS), a resource for investors and traders seeking the latest updates and insights on Digital Media Solutions stock.
Digital Media Solutions, Inc. (DMS) is a prominent player in the digital advertising industry, leveraging data-driven and technology-enabled solutions. Headquartered in Clearwater, Florida, DMS connects consumers with advertisers in various sectors, including auto, home, health, and life insurance. The company's core offerings include a first-party data asset, proprietary advertising technology, and extensive media distribution, enabling clients to optimize their advertising budgets while expanding their customer bases.
Recently, DMS announced a reverse stock split at a 1-for-15 ratio, effective after market close on August 28, 2023. This strategic move aims to enhance the market price per share of DMS's Class A common stock, ensuring compliance with NYSE listing standards. The company expects this action to improve trading price, liquidity, and market perception, maintaining its NYSE listing.
In addition to the stock split, DMS has secured unanimous support from its bank lender group to amend its Credit Agreement, offering increased business flexibility amid challenges in the insurance industry. This amendment includes covenant relief and an optional ability to pay in kind for the next four quarters, underscoring the lender group's confidence in DMS's strategic direction.
DMS's financial performance has been bolstered by its ability to adapt to market dynamics and its commitment to technology and data privacy. The company continually seeks to safeguard its data assets, ensuring compliance with evolving data privacy regulations. DMS's robust technology infrastructure supports its innovative advertising solutions, which have earned the trust of numerous clients and partners.
Furthermore, DMS remains proactive in identifying growth opportunities, including acquisitions like ClickDealer, which enhance its service offerings and international presence. Despite market volatility and other challenges, DMS's strategic initiatives position it for sustained growth and industry leadership.
For the latest updates and detailed information, visit the official DMS website.
Digital Media Solutions (NYSE: DMS) announced it received a notice from the NYSE on March 30, 2023, for failing to maintain the minimum stock price requirement of $1.00 over 30 consecutive trading days. The company has six months to comply and plans to notify the NYSE of its intent to rectify the issue, possibly considering a reverse stock split if necessary. Despite the notice, DMS's stock will remain listed during the compliance period. The company emphasizes its focus on regaining compliance with NYSE standards and outlines the potential challenges ahead.
Digital Media Solutions, Inc. (DMS) reported fourth-quarter 2022 net revenue of $100.8 million, a 15.3% decline year-over-year, with a net loss of $25.1 million. Full-year revenue reached $391.1 million, exceeding guidance but down 8.6% from 2021. Adjusted EBITDA for the fourth quarter was $7.1 million, down from $14.7 million. DMS completed the acquisition of HomeQuote.io and ClickDealer, which are expected to enhance growth opportunities. The company ended 2022 with $48.8 million in cash and $256.8 million in total debt. Guidance for Q1 2023 projects net revenue between $90 million and $92 million.
Digital Media Solutions, Inc. (NYSE: DMS) will release its fourth quarter and full year 2022 results on March 31, 2023, at 6:45 a.m. ET. A conference call is set for 8:45 a.m. ET that same day. Investors can access the call via a U.S. toll-free number at 1-844-200-6205 or internationally at 1-646-904-5544 with the access code 437128. The call will also be available through a live webcast on the company's investor relations page. A replay will be accessible from March 31 to April 7, 2023.
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