Announcement • Aug 14
Digital Media Solutions Files Form 15 Digital Media Solutions, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A Common Stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Class A Common Stock was $0.0001 per share. Announcement • Apr 03
Digital Media Solutions, Inc. announced delayed annual 10-K filing On 04/02/2024, Digital Media Solutions, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Sep 29
Digital Media Solutions, Inc.(OTCPK:DMSL) dropped from S&P TMI Index Digital Media Solutions, Inc.(OTCPK:DMSL) dropped from S&P TMI Index Announcement • Sep 27
Digital Media Solutions Announces Delisting from the New York Stock Exchange Digital Media Solutions, Inc. announced that it will be delisted from the New York Stock Exchange. The Company’s delisting follows the NYSE’s determination under Rule 802.01B of the NYSE Listed Company Manual that the Company did not meet the NYSE’s continued listing standard that requires listed companies to maintain an average global market capitalization of at least $15 million over a period of 30 consecutive trading days. The Company’s delisting does not affect the Company’s business operations and DMS continues to be focused on its core solutions in service of its advertising clients. In addition, the delisting does not cause an event of default under the senior secured credit facility to which its subsidiaries are a party, and DMS continues to be supported by its lenders as evidenced by the recent amendment to its credit facility, which has provided the Company and management with the flexibility needed to manage through the current environment. The Company will continue to be a Securities and Exchange Commission (“SEC”) reporting company and anticipates that its Class A common stock will begin trading on the over-the-counter markets on September 26, 2023. The Company will consider relisting its Class A common stock on a national securities exchange in the future if the Board of Directors determines that doing so is in the best interest of the Company and its stakeholders. Announcement • Sep 21
Digital Media Solutions, Inc. Appoints Ms. Elizabeth LaPuma as a Director of the Company On September 18, 2023, the board of directors of Digital Media Solutions, Inc. appointed Ms. Elizabeth LaPuma as a director of the Company. Ms. LaPuma was also appointed to the boards of directors of Digital Media Solutions, LLC ("DMS LLC"), an indirect subsidiary of the Company, and Digital Media Solutions Holdings, LLC ("DMSH LLC"), an indirect subsidiary of the Company and the parent of DMS LLC. The appointments to the subsidiary boards of directors were undertaken pursuant to the terms of the senior secured credit facility to which DMSH LLC and DMS LLC are parties. The Board has not yet determined the committees upon which Ms. LaPuma will serve. Ms. LaPuma brings over two decades of financial advisory and board expertise across diverse industries. Ms. LaPuma currently sits on boards across fintech, artificial intelligence, healthcare, consumer and real estate sectors, including Enterra Solutions, a private market-leading industrial scale artificial intelligence value chain solutions provider, Surgalign Holdings Inc., a public healthcare company, Roundhill Capital Partners, a private real estate fund, Ventura Capital, a private equity firm, and WeWork Inc., a leading global flexible space provider where she also chairs the Audit Committee and is on the Compensation and Governance Committees. Ms. LaPuma is also expected to join the board of directors of Farenheit. Prior to these roles, Ms. LaPuma was a Managing Director and Head of Balance Sheet Advisory at UBS from 2020 to 2023. Prior to UBS, she was a Managing Director and head of Asset Management Services at Alvarez & Marsal from 2013 to 2020, advising governments and financial institutions on diverse assets. Ms. LaPuma’s earlier career includes roles at BlackRock, Lazard Frères & Co. LLC, Credit Suisse and Perella Weinberg Partners L.P. Ms. LaPuma received her Masters of Business Administration in Finance as a Palmer Scholar, Bachelor of Science in Finance and Bachelor of Arts in International Relations (Magna Cum Laude) from the Wharton School and The School of Arts and Sciences at the University of Pennsylvania. Announcement • Aug 30
Digital Media Solutions, Inc. Announces Resignation of Board of Directors On August 25, 2023, Robbie Isenberg and Maurissa Bell, designees of Clairvest Group Inc. on the Company's Board of Directors, resigned from the Company's Board, effective immediately. Their decision to resign from the Board was not the result of any disagreement with the Company. Clairvest Group remains a shareholder of the Company, and in submitting their resignations, Mr. Isenberg and Ms. Bell indicated that Clairvest reserves its rights to nominate directors in the future pursuant to the terms of the Director Nomination Agreement, dated July 15, 2020, to which Clairvest Group remains a party. Announcement • Aug 21
Digital Media Solutions Announces 1-for-15 Reverse Stock Split to Regain Full Compliance with the NYSE Share Price Listing Rule and to Maintain its Listing on the NYSE Digital Media Solutions, Inc. announced that its Board of Directors approved a reverse stock split of the Company’s Class A common stock and Class B common stock at a ratio of 1-for-15. Earlier, on April 28, 2023, a majority of the Company’s stockholders approved a reverse stock split subject to the Board of Directors determining the final ratio. The reverse stock split is expected to be effective after market close on August 28, 2023 (the ‘Effective Time’). The Company’s Class A common stock will begin trading on a split-adjusted basis on the New York Stock Exchange (NYSE) at the market open on August 29, 2023. The reverse stock split will not modify any rights or preferences of the Company’s Class A common stock or Class B common stock. The reverse stock split is intended to increase the market price per share of the Company’s Class A common stock to ensure the Company regains full compliance with the NYSE share price listing rule and maintains its listing on the NYSE. As previously announced, the Company can regain compliance with the NYSE’s continued listing standards if, as of the last trading day of any calendar month during the six-month cure period that ends September 29, 2023, the Company’s Class A common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the prior 30 trading-day period. The Company anticipates that the effects of the reverse stock split will be sufficient for the Company to regain compliance with the NYSE’s continued listing standards. New Risk • Aug 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$25m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$25m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-US$145m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$22m net loss in 3 years). Market cap is less than US$100m (US$17.7m market cap). Reported Earnings • Aug 15
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: US$0.72 loss per share (further deteriorated from US$0.18 loss in 2Q 2022). Revenue: US$82.6m (down 9.5% from 2Q 2022). Net loss: US$28.9m (loss widened 315% from 2Q 2022). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Media industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 17 percentage points per year, which is a significant difference in performance. Announcement • Aug 15
Digital Media Solutions, Inc. Reports Impairment Charges for the Second Quarter Ended June 30, 2023 Digital Media Solutions, Inc. reported impairment charges for the second quarter ended June 30, 2023. For the period, the company reported an impairment of goodwill of $33,795,000 and an impairment of intangible assets of $7,791,000. Announcement • Aug 04
Digital Media Solutions, Inc. to Report Q2, 2023 Results on Aug 14, 2023 Digital Media Solutions, Inc. announced that they will report Q2, 2023 results After-Market on Aug 14, 2023 Major Estimate Revision • May 22
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$447.9m to US$384.8m. Forecast losses increased from -US$0.44 to -US$0.545 per share. Media industry in the US expected to see average net income growth of 8.3% next year. Consensus price target up from US$1.92 to US$2.00. Share price fell 25% to US$0.45 over the past week. Announcement • May 19
Digital Media Solutions, Inc., Annual General Meeting, Jun 22, 2023 Digital Media Solutions, Inc., Annual General Meeting, Jun 22, 2023, at 10:00 Eastern Daylight. Agenda: To elect the seven nominees identified in the Proxy Statement as directors of the Company, each to hold office until the 2024 Annual Meeting of Stockholders and until his or her successor is duly elected and qualified; to ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023; and to consider and take action upon any other business that may properly come before the 2023 Annual Meeting or any continuations, postponements or adjournments thereof. Reported Earnings • May 17
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: US$0.32 loss per share (further deteriorated from US$0.088 loss in 1Q 2022). Revenue: US$90.3m (down 17% from 1Q 2022). Net loss: US$12.6m (loss widened 302% from 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 121%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Media industry in the US. Over the last 3 years on average, the company's earnings growth rate has exceeded its share price growth rate by 1 percentage points per year. Announcement • May 10
Digital Media Solutions, Inc. Announces Resignation of Mary Minnick as Director On May 3, 2023, Digital Media Solutions, Inc. announced Mary Minnick notified the Company that she will not stand for re-election as a director and will cease her service on the Board upon the expiration of her term at the Company’s 2023 Annual Meeting of Stockholders. Announcement • May 09
Digital Media Solutions, Inc. to Report Q1, 2023 Results on May 15, 2023 Digital Media Solutions, Inc. announced that they will report Q1, 2023 results After-Market on May 15, 2023 Announcement • May 06
Digital Media Solutions Announces Receipt of Continued Listing Standard Notice from NYSE Digital Media Solutions, Inc. announced that it received written notice on April 28, 2023, from the New York Stock Exchange (the "NYSE"), indicating that the Company is not in compliance with NYSE's continued listing standards which require it to maintain an average global market capitalization of at least $50.0 million over a consecutive 30-day trading period and, at the same time, a total stockholders’ equity equal to or greater than $50.0 million. Under NYSE rules, the Company has a period of 45 days from receipt of the notice to submit a plan advising the NYSE of definitive actions the Company has taken, or is taking, that would bring it into compliance with the market capitalization listing standard within 18 months of receipt of the notice. The Company plans to notify the NYSE that it intends to submit a plan to cure the global market capitalization listing standard deficiency. The Company is currently evaluating its available options and developing a plan to regain compliance with the minimum global market capitalization requirement. The notice does not result in the immediate delisting of the Company's common stock from the NYSE. The Company's common stock will continue to be listed and trade on the NYSE during this cure period, subject to the Company's compliance with other NYSE continued listing standards. Major Estimate Revision • Apr 02
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from US$401.5m to US$451.2m. Forecast losses expected to reduce from -US$0.363 to -US$0.35 per share. Media industry in the US expected to see average net income decline 10% next year. Consensus price target of US$2.42 unchanged from last update. Share price rose 75% to US$1.12 over the past week. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Co-Founder, COO & Director Fernando Borghese is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 10
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: US$0.15 loss per share (down from US$0.097 profit in 3Q 2021). Revenue: US$90.1m (down 16% from 3Q 2021). Net loss: US$6.11m (down 273% from profit in 3Q 2021). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Announcement • Nov 10
Digital Media Solutions, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022 Digital Media Solutions, Inc. provided earnings guidance for the fourth quarter and full year of 2022. For the fourth quarter, the company expects net revenue of $97 million to $102 million.For the full year 2022, the company expects net revenue of $385 million to $390 million. Announcement • Oct 22
Digital Media Solutions, Inc. to Report Q3, 2022 Results on Nov 08, 2022 Digital Media Solutions, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 08, 2022 Price Target Changed • Sep 10
Price target increased to US$3.83 Up from US$3.50, the current price target is an average from 3 analysts. New target price is 74% above last closing price of US$2.20. The company is forecast to post a net loss per share of US$0.51 compared to earnings per share of US$0.062 last year. Announcement • Sep 10
Prism Data, LLC made a proposal to acquire remaining 64.2% stake in Digital Media Solutions, Inc. (NYSE:DMS) from Clairvest Equity Partners V Limited Partnership, managed by Clairvest Group Inc. (TSX:CVG), Lion Capital LLP and others for approximately $110 million. Prism Data, LLC made a proposal to acquire remaining 64.2% stake in Digital Media Solutions, Inc. (NYSE:DMS) from Clairvest Equity Partners V Limited Partnership, managed by Clairvest Group Inc. (TSX:CVG), Lion Capital LLP and others for approximately $110 million on September 7, 2022. Prism Data, LLC will pay $2.50 per share in cash as a consideration. Prism holds approximately 35.8% of DMS's combined outstanding Class A and Class B Shares. Prism Data, LLC intends to fund the acquisition with combination of cash on hand and other available financing sources. B. Riley Securities, Inc. will arrange a $50 million of financing for Prism Data, LLC. Prism Data, LLC has retained B. Riley Securities, Inc. as financial advisor. Major Estimate Revision • Aug 16
Consensus revenue estimates fall by 12% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$444.1m to US$390.8m. Forecast losses increased from -US$0.26 to -US$0.53 per share. Media industry in the US expected to see average net income growth of 2.8% next year. Consensus price target down from US$5.17 to US$4.00. Share price rose 22% to US$1.55 over the past week. Reported Earnings • Aug 11
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$0.18 loss per share (down from US$0.071 profit in 2Q 2021). Revenue: US$91.2m (down 13% from 2Q 2021). Net loss: US$6.98m (down 376% from profit in 2Q 2021). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 42%. Over the next year, revenue is expected to shrink by 1.5% compared to a 2.4% growth forecast for the industry in the US. Announcement • Aug 10
Digital Media Solutions, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2022 Digital Media Solutions, Inc. provided earnings guidance for the third quarter and full year of 2022. For the quarter, the company expects net revenue in the range of $87 million and $90 million. For the year, the company expects net revenue in the range of $390 million and $400 million. Announcement • Jul 23
Digital Media Solutions, Inc. to Report Q2, 2022 Results on Aug 09, 2022 Digital Media Solutions, Inc. announced that they will report Q2, 2022 results After-Market on Aug 09, 2022 Announcement • Jun 29
Digital Media Solutions, Inc. Announces CFO Transition Digital Media Solutions, Inc. announced that Richard Rodick, CPA, will join the Company and assume the role of CFO on July 1, 2022. To ensure continuity, current CFO Vasundara Srenivas will remain in her role until July 1, at which time she will step down to pursue new career goals.With nearly two decades of significant financial executive experience, Rodick comes to DMS with noteworthy CFO and executive-level expertise from his time with multimillion and billion-dollar companies across a number of verticals. Previously serving in executive roles for global leaders including Telus International and Broadridge Financial Solutions, Rodick is known for his successful execution of financial reporting, financial planning and analysis, investor relations and acquisition valuation. To help ensure a seamless transition, Srenivas will continue to support DMS in an advisory role until August 19, 2022. Announcement • Jun 16
Digital Media Solutions, Inc., Annual General Meeting, Jun 15, 2022 Digital Media Solutions, Inc., Annual General Meeting, Jun 15, 2022, at 10:00 US Eastern Standard Time. Announcement • Jun 01
Digital Media Solutions, Inc. Announces Resignation of Joseph Liner as Chief Revenue Officer, Effective from May 31, 2022 On May 26, 2022, Joseph Liner, the Chief Revenue Officer of Digital Media Solutions, Inc. (the “Company”) resigned from the Company effective as of the close of business on May 31, 2022. Major Estimate Revision • May 17
Consensus EPS estimates fall by 56% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$468.1m to US$444.1m. Losses expected to increase from US$0.16 per share to US$0.26. Media industry in the US expected to see average net income growth of 13% next year. Consensus price target down from US$6.33 to US$5.17. Share price fell 39% to US$1.70 over the past week. Reported Earnings • May 11
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: US$0.088 loss per share (down from US$0.004 loss in 1Q 2021). Revenue: US$109.1m (up 13% from 1Q 2021). Net loss: US$3.13m (loss widened US$3.02m from 1Q 2021). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 10%, compared to a 4.1% growth forecast for the industry in the US. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorated over the past week After last week's 28% share price decline to US$2.36, the stock trades at a trailing P/E ratio of 66.6x. Average forward P/E is 12x in the Media industry in the US. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$1.93 per share. Price Target Changed • Apr 27
Price target decreased to US$6.33 Down from US$8.67, the current price target is an average from 3 analysts. New target price is 118% above last closing price of US$2.91. Stock is down 75% over the past year. The company is forecast to post a net loss per share of US$0.17 compared to earnings per share of US$0.062 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Co-Founder, COO & Director Fernando Borghese is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 09
Digital Media Solutions, Inc. to Report Q1, 2022 Results on May 10, 2022 Digital Media Solutions, Inc. announced that they will report Q1, 2022 results After-Market on May 10, 2022 Reported Earnings • Mar 16
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: US$0.062 (up from US$0.07 loss in FY 2020). Revenue: US$427.9m (up 29% from FY 2020). Net income: US$2.20m (up US$4.45m from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 63%. Over the next year, revenue is forecast to grow 9.2%, compared to a 5.3% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Price Target Changed • Mar 07
Price target decreased to US$8.67 Down from US$10.00, the current price target is an average from 3 analysts. New target price is 204% above last closing price of US$2.85. Stock is down 72% over the past year. The company is forecast to post earnings per share of US$0.16 next year compared to a net loss per share of US$0.07 last year. Announcement • Feb 16
Digital Media Solutions, Inc. to Report Q4, 2021 Results on Mar 14, 2022 Digital Media Solutions, Inc. announced that they will report Q4, 2021 results After-Market on Mar 14, 2022 Price Target Changed • Dec 03
Price target decreased to US$10.00 Down from US$11.63, the current price target is an average from 4 analysts. New target price is 131% above last closing price of US$4.33. Stock is down 41% over the past year. The company is forecast to post earnings per share of US$0.17 next year compared to a net loss per share of US$0.07 last year. Price Target Changed • Nov 17
Price target decreased to US$11.00 Down from US$12.00, the current price target is an average from 4 analysts. New target price is 75% above last closing price of US$6.28. Stock is down 17% over the past year. The company is forecast to post earnings per share of US$0.17 next year compared to a net loss per share of US$0.07 last year. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS US$0.097 (vs US$0.035 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$107.4m (up 30% from 3Q 2020). Net income: US$3.54m (up 211% from 3Q 2020). Profit margin: 3.3% (up from 1.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 20
Price target decreased to US$12.00 Down from US$14.50, the current price target is an average from 4 analysts. New target price is 88% above last closing price of US$6.39. Stock is down 12% over the past year. The company is forecast to post earnings per share of US$0.26 next year compared to a net loss per share of US$0.07 last year. Price Target Changed • Aug 19
Price target decreased to US$13.63 Down from US$15.50, the current price target is an average from 4 analysts. New target price is 71% above last closing price of US$7.98. Stock is down 7.6% over the past year. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS US$0.071 (vs US$0.017 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$105.1m (up 40% from 2Q 2020). Net income: US$2.53m (up US$3.29m from 2Q 2020). Profit margin: 2.4% (up from net loss in 2Q 2020). Announcement • May 11
Digital Media Solutions, Inc. announced delayed 10-Q filing On 05/10/2021, Digital Media Solutions, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 06
Digital Media Solutions, Inc. Updates Earnings Guidance for the Full Year of 2021 Digital Media Solutions, Inc. updated earnings guidance for the full year of 2021. For the period, the company expects revenue to be between $455 million to $465 million. Reported Earnings • Mar 19
Full year 2020 earnings released: US$0.07 loss per share (vs US$0.25 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$332.9m (up 40% from FY 2019). Net loss: US$2.25m (loss narrowed 80% from FY 2019). Executive Departure • Mar 16
Chief Financial Officer has left the company On the 13th of March, Randall Koubek's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Randall's name. Randall is the only executive to leave the company over the last 12 months. Announcement • Mar 04
Digital Media Solutions, Inc. Names Vasundara Srenivas as its Next CFO Digital Media Solutions, Inc. has named Vasundara Srenivas, formerly of Boeing Capital, as its next CFO. Srenivas will lead the company's global finance and accounting teams starting on March 13. Before joining DMS, Srenivas served as CFO of Boeing Australia and Boeing Defense Australia. From 2017 through 2020, she also served as CFO of Boeing Capital Corp. Randy Koubek, the current CFO who joined the company in December 2018 and led the team through the process of becoming a public company, is leaving to pursue other opportunities. Analyst Estimate Surprise Post Earnings • Mar 02
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 24%, compared to a 8.1% growth forecast for the Media industry in the US. Reported Earnings • Mar 02
Full year 2020 earnings released: US$0.015 loss per share (vs US$0.25 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$333.4m (up 40% from FY 2019). Net loss: US$472.0k (loss narrowed 96% from FY 2019). Announcement • Feb 18
Digital Media Solutions, Inc. Announces Executive Changes Digital Media Solutions, Inc. announced the appointment of Vasundara Srenivas, CPA, as CFO. In this role, Srenivas will lead the company’s global finance and accounting teams. Srenivas will report to DMS CEO, Joe Marinucci, with a March 13, 2021 as start date. For more than a decade, Srenivas held executive-level positions at Boeing, supporting both corporate and divisional finance. A transformational leader, Srenivas’s expertise includes strategic direction, GAAP/IFRS accounting, SEC reporting, M&A and financial operations. Srenivas’s roles at Boeing included CFO of Boeing Australia and Boeing Defense Australia, senior roles in corporate finance transformation and enterprise finance and, from 2017 through 2020, CFO of Boeing Capital Corporation. Current CFO Randy Koubek joined DMS in December 2018 and led the team through the rigorous process of becoming a public company in July 2020 via a SPAC IPO. He is leaving to pursue other opportunities. Last month, DMS announced the appointment of Tony Saldana to General Counsel and EVP of Compliance and Thomas Bock to EVP of Corporate Development and Investor Relations, and earlier this month, DMS announced the acquisition of Aimtell/PushPros. The addition of the Aimtell/PushPros technology and AI infrastructure within the DMS proprietary advertising technology stack enhances the ability of both companies to connect consumers and advertisers with relevant ads delivered to the right people at the right times. Is New 90 Day High Low • Feb 05
New 90-day high: US$12.54 The company is up 60% from its price of US$7.85 on 06 November 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$24.01 per share.