2023-03-31 09:36:41 ET
- Digital Media Solutions press release ( DMS ): Q4 GAAP EPS of -$0.38 misses by $0.29 .
- Revenue of $100.8M (-15.3% Y/Y) beats by $2.72M .
- First Quarter and Second Quarter 2023 Guidance:
- DMS anticipates Revenue, Gross Margin, Variable Marketing Margin and Adjusted EBITDA to be in the following ranges:
- Our guidance for Q1 2023 reflects typical seasonality along with continued challenging market conditions in our P&C vertical. Q2 reflects the financial contribution we expect to realize from closing the Homequote.io and ClickDealer acquisition. We are not providing full year 2023 guidance at this time.
- First Quarter 2023:
- Net Revenue: $90 – $92 million vs $92.06Mconsensus
- Gross Margin: 24% – 26%
- Variable Marketing Margin: 30% – 35%
- Adjusted EBITDA: $3 – $5 million
- Second Quarter 2023:
- Net Revenue: $108 – $112 million vs $93.47M consensus
- Gross Margin: 24% – 26%
- Variable Marketing Margin: 30% – 35%
- Adjusted EBITDA: $6 – $8 million
For further details see:
Digital Media Solutions GAAP EPS of -$0.38 misses by $0.29, revenue of $100.8M beats by $2.72M