Direct Digital Sees Double-Digit Growth for 8th Consecutive Quarter [Yahoo! Finance]
Direct Digital Holdings, Inc. (DRCT)
Company Research
Source: Yahoo! Finance
Fourth quarter revenue was $41 million, an increase of $10.3 million, or 33%, from the fourth quarter of 2022. The digital advertising company processed close to 1 trillion bid requests and received over 83 billion monthly bid responses, an increase of 367% year over year, it said. For full year 2023 revenue increased $67.8 million to $157.1 million, an increase of 76% compared to 2022. The company announced fiscal year 2024 revenue guidance of $170 million to $190 million. “2023 was another transformational year for Direct Digital Holdings, achieving remarkable year-over-year revenue growth of 76% as well as dramatic operational expansion, and impressive results for our shareholders,” said Chairman and CEO Mark Walker. IPO Edge published a detailed financial analysis of the company last year, which is available here Contact: executives-edge.com editor@executives-edge.com
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DRCT
News
- Direct Digital Holdings, Inc. (NASDAQ: DRCT) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $23.00 price target on the stock.MarketBeat
- Direct Digital Holdings Announces Receipt of Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) [Yahoo! Finance]Yahoo! Finance
- Direct Digital Holdings Announces Receipt of Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)PR Newswire
- SHAREHOLDER ALERT: Direct Digital Holdings Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the FirmGlobeNewswire
- DIRECT DIGITAL ALERT: Bragar Eagel & Squire, P.C. is Investigating Direct Digital Holdings, Inc. on Behalf of Direct Digital Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
DRCT
Earnings
- 3/26/24 - Miss
DRCT
Sec Filings
- 4/23/24 - Form 8-K
- 4/2/24 - Form NT
- 3/26/24 - Form 8-K
- DRCT's page on the SEC website