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DRCT November stock of the month just crossed $11.00 its a bonanza!
A run to $8.00 is not out of the question for today currently $7.69
Thank you for pointing that out Monk!
Direct Digital Holdings Ranked Number 108th Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™
HOUSTON, Nov. 13, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced the Company has placed 108th on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America, now in its 29th year. During the measurement period, Direct Digital Holdings grew 1,325%, making it the 8th ranked company in Deloitte's Digital Content / Media / Entertainment division. The Company placed among the top 20% of all companies on the list and was ranked #6 in Texas.
"We are honored to be included on this prestigious list of fellow industry-leading companies, and I would personally like to thank Deloitte for recognizing our company," said Mark D. Walker, Chairman and Chief Executive Officer of Direct Digital Holdings. "This recognition is a testament to the strength and effectiveness of our business model as well as our technological capabilities and highly diversified customer base. We remain committed to providing best-in-class advertising solutions to our partners as our number of clients, average client-size and total impressions per month all continue to increase."
The Company attributes its significant growth to current market dynamics benefitting its technology-driven and differentiated approach to advertising solutions. On November 9, 2023, the Company reported its third quarter earnings ended September 30, 2023. Direct Digital Holdings' sell-side advertising segment revenue grew to $51.6 million or 174% growth over the $18.9 million of sell-side revenue in the same period of 2022. The Company's buy-side advertising segment revenue grew to $7.9 million or 10% growth over the $7.1 million of buy-side revenue in the same period of 2022.
Direct Digital Holdings' subsidiaries bring distinct offerings to the ecosystem, contributing to the Company's advancement. Colossus SSP is focused on connecting brands of all sizes with a full range of diverse and multicultural audiences, as well as the general market, serving as a one-stop-shop for media inventory needs. On the buy-side, with Huddled Masses and Orange142, the Company provides data-driven digital marketing solutions to businesses in the underserved SMB and middle market landscape. Those two buy-side companies also work seamlessly with Colossus SSP to bring the benefits of its inclusive marketplace and approach to SMB and middle market clients – with significant results.
"We are pleased that the recent strategic and operational investments in our technology stack have resulted in industry-leading growth across our sell-side advertising platforms," said Anu Pillai, Direct Digital Holdings' Chief Technology Officer. "As we also continue to capitalize on the shift in media spend from traditional to digital, as well as the growing media spend targeted at the middle market, the result has been advertising solutions that are utilized by businesses across all industries due to the strength of our technology stack and our proven, differentiated approach. We are proud to collaborate with fellow leaders in the industry such as Amazon Publisher Services, FreeWheel's Beeswax and HPE GreenLake, and look forward to continuing to offer the high-quality advertising solutions we have become known and trusted to provide."
Statements from Deloitte
"Each year, I look forward to reviewing the progress and innovations of our Technology Fast 500 winners as these companies truly demonstrate how important new ideas are to progressing our society and the world, especially during difficult times," said Paul Silverglate, Vice Chair, Deloitte LLP and U.S. Technology Sector Leader. "While software and services and life sciences continue to dominate the top 10, I am encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success."
"As a growing company, it's always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business," said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte's audit and assurance practice. "Over the nearly 30 years we've been compiling the Technology Fast 500 we've seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor."
About Direct Digital Holdings
Direct Digital Holdings (Nasdaq: DRCT), owner of operating companies Colossus SSP, Huddled Masses, and Orange 142, brings state-of-the-art sell- and buy-side advertising platforms together under one umbrella company. Direct Digital Holdings' sell-side platform, Colossus SSP, offers advertisers of all sizes extensive reach within general market and multicultural media properties. The Company's subsidiaries Huddled Masses and Orange142 deliver significant ROI for middle market advertisers by providing data-optimized programmatic solutions at scale for businesses in sectors that range from energy to healthcare to travel to financial services. Direct Digital Holdings' sell- and buy-side solutions manage on average over 125,000 clients monthly, generating over 300 billion impressions per month across display, CTV, in-app and other media channels.
About the 2023 Deloitte Technology Fast 500
Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Contacts:
Investors:
Brett Milotte, ICR
Brett.Milotte@icrinc.com
https://c212.net/c/img/favicon.png?sn=DA64985&sd=2023-11-13 View original content to download multimedia:https://www.prnewswire.com/news-releases/direct-digital-holdings-ranked-number-108th-fastest-growing-company-in-north-america-on-the-2023-deloitte-technology-fast-500-301986087.html
SOURCE Direct Digital Holdings
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Nice A>H push $4.45 to close $4.42 up 69.3%. Monday will be interesting for sure
NEWS
Direct Digital Holdings Reports Third Quarter 2023 Financial Results
Third Quarter 2023 Revenue Up 129% Year-Over-Year to $59.5 Million
Company Raises Full-Year 2023 Revenue Guidance to $170 Million - $190 Million
https://www.otcmarkets.com/stock/DRCT/news/story?e&id=2686812
CFO leaves, material weakness, increasing loan costs.........yikes.
Impressive company don’t understand why it defies the gaps, a long term gem that got away waiting for gap fills
Gaps at 1.49, 2.35, 2.56 and 3.89, no matter though until the wrong investor invests and the sell signal goes to the algorithm trading bots. That signal, however it is obtained, is not supposed to be allowed and is illegal.
With impressions numbers like these it will be tough to avoid comparison with Google
“Business Highlights
-- For the third quarter ended September 30, 2022, Direct Digital Holdings processed approximately 125 billion monthly impressions through its sell-side advertising segment, an increase of 56% over the same period of 2021, with over 1.3 trillion bid requests for the quarter.
-- In addition, the Company's sell-side advertising platforms received over 11 billion bid responses, an increase of over 120% over the same period in 2021, through 129,000 buyers for the quarter.
”
Share Structure
Outstanding Shares
3,163,214
08/12/2022
“7:00a ET 11/10/2022 - PR Newswire
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
Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced financial results for the third quarter ended September 30, 2022.
https://mma.prnewswire.com/media/1943643/DDH_Set_1.jpg
Mark Walker, Chairman and Chief Executive Officer of Direct Digital Holdings, commented, "We are pleased to report strong revenue and EBITDA for the third quarter of 2022, demonstrating strong growth across both our sell- and buy-side business segments and continued expansion of our portfolio and client reach."
Keith Smith, President of Direct Digital Holdings, added, "Our team has effectively responded to the recent uncertainty and volatility in the market, capitalizing on brands and businesses moving dollars from less efficient traditional advertising outlets towards digital media. We believe that Direct Digital Holdings is well-positioned to continue its record of strong growth and market expansion or the remainder of the year and, as such, we are thrilled to announce we will be raising revenue guidance for full-year 2022."
Third Quarter 2022 Financial Highlights:
-- Revenue increased to $26.0 million in the third quarter of 2022, an increase of $17.6 million, or up 211% over the $8.4 million in the same period of 2021.
-- Sell-side advertising segment, consisting of the Colossus SSP business, grew to $18.9 million and contributed $16.5 million of the increase, or up 710% over the $2.3 million in the same period of 2021.
-- Buy-side advertising segment, consisting of the Huddled Masses and Orange142 businesses, grew to $7.1 million and contributed $1.1 million of the increase, or up 18% over the $6.0 million in the same period of 2021.
-- Operating income increased $1.3 million, up 225%, to $1.8 million for the third quarter of 2022, compared to income of $0.6 million in the same period of 2021. Increased costs resulting from headcount additions, higher commission and bonus expense, public company related costs, as well as a one-time severance charge of approximately $0.5 million impacted operating income in the third quarter of 2022.
-- Net income was $0.8 million in the third quarter of 2022, up 458%, compared to ($0.2) million loss in the same period of 2021.
-- Adjusted EBITDA(1) increased 128% to $2.4 million in the third quarter 2022, compared to $1.1 million in the same period of 2021.
-- Net operating cash provided by operating activities for the nine-months ended September 30, 2022 was $3.4 million, compared to a net operating cash of $3.2 million generated in the same period of 2021.
Business Highlights
-- For the third quarter ended September 30, 2022, Direct Digital Holdings processed approximately 125 billion monthly impressions through its sell-side advertising segment, an increase of 56% over the same period of 2021, with over 1.3 trillion bid requests for the quarter.
-- In addition, the Company's sell-side advertising platforms received over 11 billion bid responses, an increase of over 120% over the same period in 2021, through 129,000 buyers for the quarter.
-- The Company's buy-side advertising segment served over 200 customers, an increase of 2% compared to the same period of 2021.
Financial Outlook
Direct Digital Holdings' guidance assumes that the U.S. economy continues to grow at a moderate pace, and there are no major COVID-19-related setbacks or other shocks that may cause economic conditions to deteriorate or otherwise significantly reduce advertiser demand. Direct Digital Holdings plans to offer annual guidance and update it throughout the year. Accordingly, the Company estimates the following:
-- For fiscal year 2022, Direct Digital Holdings is raising expectations for guidance by approximately 20% to increase from a range of $70 million-$75 million to $85 million-$90 million, or up 130% year-over-year growth at the mid-point, while targeting an Adjusted EBITDA Margin in the double digits.
”
Wow very similar to Google, billions of advert impressions, 90 mill annual revenue guidance raised higher, very low float and a net profit? 3 handle? Could be 30.00 soon.
Took a position here with some TBLT profit....ER to come
💥💥 NEW JUNETEENTH IDEA: DIRECT DIGITAL HOLDINGS INC $DRCT
— barry (@bstocks7) May 31, 2022
- ONLY other Black owned media stock (other than $UONE)
- new IPO trading at a 75% haircut
- no prospectuses out & they literally require a PR pump asap to raise shareholder equity
enjoy ❤️ pic.twitter.com/RpeZkZywKU
$DRCT DD Thread
— J0L (@JolTrades) May 18, 2022
Direct Digital Holdings operates as an end to end full service advertising platform for small-mid size businesses.
OS and public float: 2.8M
2022 Rev projection: $50M and net positive earnings.
Market cap as of 5/17: $5Mhttps://t.co/9cBYqX7i4N pic.twitter.com/8wyCg1zL1F
I just bought a ton here at $2. This is goofy this low.
$DRCY has some wild swings last few months...looks like a buy to me as well...
About $4.07 haha
Whoa...I walked away and it's trading at $4.25 -- WTF
4.80 now. nice buy.
Chairman and Chief Executive Officer Mark Walker said, "2021 was an incredible year for us, as we continued to execute on our vision of building a world-class buy- and sell-side advertising platform for middle-market clients. In 2021 we doubled our revenue through organic growth and the integration of Orange142 acquired in late 2020 and expect to see continued benefits from the rapid digitization of small- and mid-sized companies moving into programmatic and digital advertising, the increasing localization of programmatic advertising, and with growth of multicultural audiences and targeted ad spend. We are excited for our new journey as a publicly listed company, and to continue to achieve our ambitious goals in 2022 and beyond."
Thanks Glens,
I went for this one instead; Felt like they could make a bigger move this week:
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=TMC&insttype=Stock&freq=1&show=&time=4
In at 2.52
Discord says Float 2,940,313. It's hard to believe with the 10 day Average 12Mil.
Morning Glen, How could the OS be that low with over 100 mill trading that day? What is your opinion about the potential of this stock / company?
I wish they were ALL this easy, C-O-24!!!
Easy money!!! Biggest no-brainer in the history of Mankind!!!
That's why I bought in Pre-market. $8 target Shares Outstanding 2,940,313
Already UP 114+% on E-Turds Extended Hours view. Kinda looks like THIS one might skyrocket today!!! HA-HA-HA!!!
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