Company's Full-Year 2023 Revenue Up 76%
Year-Over-Year to $157.1 Million, the
Eighth Consecutive Quarter of Double-Digit Growth
Full-Year 2023 Net Income of $2.0 million; Adjusted EBITDA(1) Up
11% Year-Over-Year to $11.3
Million
Company Issues Full-Year 2024 Revenue Guidance
of $170 Million – $190 Million
HOUSTON, March 26,
2024 /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"),
Orange142, LLC ("Orange 142") and Huddled Masses LLC ("Huddled
Masses"), today announced financial results for the fourth quarter
and fiscal year ended December 31,
2023.
Mark D. Walker, Chairman and
Chief Executive Officer, commented, "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.
Although performance in the fourth quarter was not as strong as we
initially expected due to proactive measures we are taking in the
face of changing macro industry trends, we are confident our
company is in a position to build on the successes of 2023, expand
on emerging channel and inorganic growth opportunities and continue
our strong revenue growth and market share gains in 2024."
Keith Smith, President, added,
"The growth we saw in 2023 was primarily driven by advancements in
our technology stack, additions in our customer list and strategic
investments throughout our business. We are confident that all of
these initiatives position our company for continued growth
throughout 2024 and strengthen our foundations as we prepare for a
rapidly changing industry landscape."
Fourth Quarter 2023 Business Highlights:
- For the fourth quarter ended December
31, 2023, Direct Digital Holdings processed approximately
400 billion average monthly impressions through its sell-side
advertising segment, an increase of 201% over the same period of
2022.
- In addition, the Company's sell-side advertising platforms
processed close to 1 trillion bid requests and received over 83
billion monthly bid responses in the fourth quarter of 2023, an
increase of 367% over the same period in 2022. Sell-side revenue
per advertiser for the fourth quarter of 2023 increased 185%
compared to the same period of 2022.
- Accelerated our transition towards a "cookie-less" advertising
environment during the quarter to place the organization in a
position to successfully navigate expected changes in 2024 and
beyond.
- The Company's buy-side advertising segment served approximately
234 customers in the fourth quarter of 2023, an increase of about
7% over the prior year, with buy-side revenue per customer
consistent with the same period of 2022.
_________________________
(1) "Adjusted EBITDA" is a non-GAAP financial measure. The
section titled "Non-GAAP Financial Measures" below describes our
usage of non-GAAP financial measures and provides reconciliations
between historical GAAP and non-GAAP information contained in this
press release.
Fourth Quarter 2023 Financial Highlights:
- Revenue was $41.0 million in the
fourth quarter of 2023, an increase of $10.3
million, or 33%, over $30.7
million in the same period of 2022, the eighth consecutive
quarter of double-digital revenue growth.
- Sell-side advertising segment revenue grew to $33.4 million and contributed $9.8 million of the increase, or 41% growth, over
the $23.6 million of sell-side
revenue in the same period of 2022.
- Buy-side advertising segment revenue grew to $7.6 million and contributed $0.5 million of the increase, or 7% growth, over
the $7.1 million of buy-side revenue
in the same period of 2022.
- Operating expenses were $9.3
million in the fourth quarter of 2023, an increase of
$3.0 million, or 48%, over
$6.3 million in the same period of
2022. Operating expenses for the fourth quarter of 2023 increased
sequentially from operating expenses for the third quarter of 2023
of $7.3 million reflecting an
increase of $2.0 million, or
28%.
- Net loss was $1.2 million in the
fourth quarter of 2023, compared to net income of $1.4 million in the same period of 2022, driven
by lower operating income described above.
- Adjusted EBITDA(1) was $2.3
million in the fourth quarter of 2023, compared to
$3.1 million in the same period of
2022.
Fiscal Year 2023 Financial Highlights:
- Revenue in fiscal year 2023 was $157.1
million, an increase of $67.8
million, or 76% over $89.4
million in fiscal year 2022.
- Sell-side advertising segment revenue grew to $122.4 million and contributed $62.4 million of the increase, or 104% growth,
over $60.0 million of sell-side
revenue in fiscal year 2022.
- Buy-side advertising segment revenue grew to $34.7 million and contributed $5.3 million of the increase, or 18% growth, over
$29.3 million of buy-side revenue in
fiscal year 2022.
- Operating expenses were $30.9
million in 2023, an increase of $9.5
million, or 45%, over $21.3
million in 2022.
- Consolidated operating income in fiscal year 2023 was
$6.6 million compared to consolidated
operating income of $8.0 million in
fiscal year 2022.
- Net income for fiscal year 2023 was $2.0
million, compared to net income of $4.2 million in fiscal year 2022.
- Adjusted EBITDA(1) was $11.3
million in fiscal year 2023, compared to $10.2 million in fiscal year 2022, an increase of
11% year-over-year. Although Adjusted EBITDA was negatively
impacted by the decrease in net income year-over-year, the impact
was partially offset by the Company's decision to pay out a portion
of annual bonuses in Company stock rather than cash.
Financial Outlook
Assuming the U.S. and global economy does not experience any
major market or economic conditions that deteriorate or otherwise
significantly reduce advertiser demand, we estimate the
following:
- For fiscal year 2024, we expect revenue to be in the range of
$170 million to $190 million representing 15% year-over-year
growth at the mid-point.
Diana Diaz, Chief Financial Officer, commented, "We are pleased
to announce our fiscal year 2024 revenue guidance of $170 million to $190
million. This range demonstrates our belief that we can
continue our growth and operational optimization strategies to
deliver strong performance for our shareholders this year."
Conference Call and Webcast Details
Direct Digital will host a conference call on Tuesday, March 26, 2024 at 5:00 p.m. Eastern Time to discuss the Company's
fourth quarter and fiscal year 2023 financial results. The live
webcast and replay can be accessed at
https://ir.directdigitalholdings.com/. Please access the
website at least fifteen minutes prior to the call to register,
download and install any necessary audio software. For those who
cannot access the webcast, a replay will be available at
https://ir.directdigitalholdings.com/ for a period of twelve
months.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements within
the meaning of federal securities laws that are subject to certain
risks, trends and uncertainties. We use words such as "could,"
"would," "may," "might," "will," "expect," "likely," "believe,"
"continue," "anticipate," "estimate," "intend," "plan," "project"
and other similar expressions to identify forward-looking
statements, but not all forward-looking statements include these
words. All of our forward-looking statements involve estimates and
uncertainties that could cause actual results to differ materially
from those expressed in or implied by the forward-looking
statements. Accordingly, any such statements are qualified in their
entirety by reference to the information described under the
caption "Risk Factors" and elsewhere in our most recent Annual
Report on Form 10 K (the "Form 10-K") and subsequent periodic and
or current reports filed with the Securities and Exchange
Commission (the "SEC").
The forward-looking statements contained in this press release
are based on assumptions that we have made in light of our industry
experience and our perceptions of historical trends, current
conditions, expected future developments and other factors we
believe are appropriate under the circumstances. As you read and
consider this press release, you should understand that these
statements are not guarantees of performance or results. They
involve risks, uncertainties (many of which are beyond our control)
and assumptions.
Although we believe that these forward-looking statements are
based on reasonable assumptions, you should be aware that many
factors could affect our actual operating and financial performance
and cause our performance to differ materially from the performance
expressed in or implied by the forward-looking statements. We
believe these factors include, but are not limited to, the
following: the restrictions and covenants imposed upon us by our
credit facilities; our ability to secure additional financing to
meet our capital needs; any significant fluctuations caused by our
high customer concentration; risks related to non-payment by our
clients; reputational and other harms caused by our failure to
detect advertising fraud; operational and performance
issues with our platform, whether real or perceived, including a
failure to respond to technological changes or to upgrade our
technology systems; restrictions on the use of third-party
"cookies," mobile device IDs or other tracking technologies, which
could diminish our platform's effectiveness; unfavorable publicity
and negative public perception about our industry, particularly
concerns regarding data privacy and security relating to our
industry's technology and practices, and any perceived failure to
comply with laws and industry self-regulation; our failure to
manage our growth effectively; the difficulty in identifying and
integrating any future acquisitions or strategic investments; any
changes or developments in legislative, judicial, regulatory or
cultural environments related to information collection, use and
processing; challenges related to our buy-side clients that are
destination marketing organizations and that operate as
public/private partnerships; any strain on our resources or
diversion of our management's attention as a result of being a
public company; the intense competition of the digital advertising
industry and our ability to effectively compete against current and
future competitors; any significant inadvertent disclosure or
breach of confidential and/or personal information we hold, or of
the security of our or our customers', suppliers' or other
partners' computer systems; any failure by us to maintain or
implement effective internal controls or to detect
fraud; and other factors and assumptions discussed in
our Form 10-K and subsequent periodic and current reports we may
file with the SEC.
Should one or more of these risks or uncertainties materialize,
or should any of these assumptions prove to be incorrect, our
actual operating and financial performance may vary in material
respects from the performance projected in these forward-looking
statements. Further, any forward-looking statement speaks only as
of the date on which it is made, and except as required by law, we
undertake no obligation to update any forward-looking statement
contained in this press release to reflect events or circumstances
after the date on which it is made or to reflect the occurrence of
anticipated or unanticipated events or circumstances, and we claim
the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.
New factors that could cause our business not to develop as we
expect emerge from time to time, and it is not possible for us to
predict all of them. Further, we cannot assess the impact of each
currently known or new factor on our results of operations or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements.
About Direct Digital Holdings
Direct Digital Holdings (Nasdaq: DRCT), owner of operating
companies Colossus SSP, Orange 142 and Huddled Masses, 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 Orange 142 deliver
significant ROI for middle market advertisers by providing
data-optimized programmatic solutions at scale for businesses in
sectors that range from travel to education to energy to healthcare
to financial services. Direct Digital Holdings' sell- and buy-side
solutions manage on average over 115,000 clients monthly,
generating over 326 billion impressions per month across display,
CTV, in-app and other media channels.
CONSOLIDATED BALANCE
SHEETS
(unaudited, in
thousands, except shares and par value amounts)
|
|
|
December
31,
|
|
2023
|
|
2022
|
ASSETS
|
|
|
|
CURRENT
ASSETS
|
|
|
|
Cash and cash
equivalents
|
$
5,116
|
|
$
4,047
|
Accounts
receivable, net
|
37,207
|
|
26,354
|
Prepaid expenses
and other current assets
|
760
|
|
883
|
Total current
assets
|
43,083
|
|
31,284
|
|
|
|
|
Property, equipment and
software, net
|
599
|
|
673
|
Goodwill
|
6,520
|
|
6,520
|
Intangible assets,
net
|
11,684
|
|
13,638
|
Deferred tax asset,
net
|
6,206
|
|
5,165
|
Operating lease
right-of-use assets
|
788
|
|
799
|
Other long-term
assets
|
130
|
|
47
|
Total
assets
|
$
69,010
|
|
$
58,126
|
|
|
|
|
LIABILITIES AND
STOCKHOLDERS' EQUITY
|
|
|
|
CURRENT
LIABILITIES
|
|
|
|
Accounts
payable
|
$
25,097
|
|
$
17,695
|
Accrued
liabilities
|
4,816
|
|
4,778
|
Liability
related to tax receivable agreement, current portion
|
265
|
|
183
|
Current
maturities of long-term debt
|
1,478
|
|
655
|
Deferred
revenues
|
381
|
|
547
|
Operating lease
liabilities, current portion
|
126
|
|
92
|
Income taxes
payable
|
108
|
|
174
|
Related party
payables
|
83
|
|
1,448
|
Total current
liabilities
|
32,354
|
|
25,572
|
|
|
|
|
Long-term debt, net of
current portion and deferred financing cost
|
28,578
|
|
23,064
|
Liability related to
tax receivable agreement, net of current portion
|
4,977
|
|
4,150
|
Operating lease
liabilities, net of current portion
|
773
|
|
745
|
Total
liabilities
|
66,682
|
|
53,531
|
|
|
|
|
COMMITMENTS AND
CONTINGENCIES
|
|
|
|
|
|
|
|
STOCKHOLDERS'
EQUITY
|
|
|
|
Class A common stock,
$0.001 par value per share, 160,000,000 shares authorized,
3,478,776 and 2,900,000 shares issued and outstanding,
respectively
|
3
|
|
3
|
Class B common stock,
$0.001 par value per share, 20,000,000 shares authorized,
10,868,000 and 11,278,000 shares issued and outstanding,
respectively
|
11
|
|
11
|
Additional paid-in
capital
|
5,791
|
|
8,224
|
Accumulated
deficit
|
(3,477)
|
|
(3,643)
|
Total
stockholders' equity
|
2,328
|
|
4,595
|
Total liabilities and
stockholders' equity
|
$
69,010
|
|
$
58,126
|
CONSOLIDATED
STATEMENTS OF OPERATIONS
(unaudited, in
thousands, except shares and per-share data)
|
|
|
For the Three Months
Ended December 31,
|
|
For the Year Ended
December 31,
|
|
2023
|
|
2022
|
|
2023
|
|
2022
|
Revenues
|
|
|
|
|
|
|
|
Sell-side
advertising
|
$
33,428
|
|
$
23,677
|
|
$
122,434
|
|
$
60,011
|
Buy-side
advertising
|
7,584
|
|
7,066
|
|
34,676
|
|
29,349
|
Total
revenues
|
41,012
|
|
30,743
|
|
157,110
|
|
89,360
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
|
|
|
|
|
|
Sell-side
advertising
|
28,543
|
|
19,254
|
|
105,733
|
|
49,599
|
Buy-side
advertising
|
3,153
|
|
2,744
|
|
13,803
|
|
10,439
|
Total cost of
revenues
|
31,696
|
|
21,998
|
|
119,536
|
|
60,038
|
Gross profit
|
9,316
|
|
8,745
|
|
37,574
|
|
29,322
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
Compensation,
taxes and benefits
|
4,795
|
|
4,229
|
|
17,730
|
|
14,124
|
General and
administrative
|
4,483
|
|
2,031
|
|
13,199
|
|
7,219
|
Total operating
expenses
|
9,278
|
|
6,260
|
|
30,929
|
|
21,343
|
Income from
operations
|
38
|
|
2,485
|
|
6,645
|
|
7,979
|
|
|
|
|
|
|
|
|
Other income
(expense)
|
|
|
|
|
|
|
|
Other
income
|
81
|
|
-
|
|
256
|
|
48
|
Revaluation of
tax receivable agreement liability
|
331
|
|
-
|
|
331
|
|
-
|
Contingent loss
on early termination of line of credit
|
-
|
|
-
|
|
(300)
|
|
-
|
Forgiveness of
Paycheck Protection Program loan
|
-
|
|
-
|
|
-
|
|
287
|
Loss on
redemption of non-participating preferred units
|
-
|
|
-
|
|
-
|
|
(590)
|
Interest
expense
|
(1,273)
|
|
(961)
|
|
(4,378)
|
|
(3,231)
|
Total other
expense
|
(861)
|
|
(961)
|
|
(4,091)
|
|
(3,486)
|
|
|
|
|
|
|
|
|
Income (loss)
before income taxes
|
(823)
|
|
1,524
|
|
2,554
|
|
4,493
|
Income tax
expense
|
403
|
|
111
|
|
568
|
|
326
|
Net income
(loss)
|
$
(1,226)
|
|
$
1,413
|
|
$
1,986
|
|
$
4,167
|
|
|
|
|
|
|
|
|
Net income (loss) per
share:
|
|
|
|
|
|
|
|
Basic
|
$
(0.09)
|
|
$
0.10
|
|
$
0.14
|
|
$
0.34
|
Diluted
|
$
(0.08)
|
|
$
0.10
|
|
$
0.13
|
|
$
0.33
|
|
|
|
|
|
|
|
|
Weighted-average number
of shares of common stock outstanding:
|
|
|
|
|
|
|
|
Basic
|
14,296
|
|
14,144
|
|
14,236
|
|
12,400
|
Diluted
|
15,019
|
|
14,497
|
|
14,891
|
|
12,753
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
(unaudited, in
thousands)
|
|
|
For the Year Ended
December 31,
|
|
2023
|
|
2022
|
Cash Flows Provided
By Operating Activities:
|
|
|
|
Net income
|
$
1,986
|
|
$
4,167
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
Amortization of
deferred financing costs
|
615
|
|
598
|
Amortization of
intangible assets
|
1,954
|
|
1,954
|
Amortization of
right-of-use assets
|
164
|
|
137
|
Depreciation and
amortization of property, equipment and software
|
253
|
|
34
|
Stock-based
compensation
|
706
|
|
154
|
Forgiveness of
Paycheck Protection Program loan
|
-
|
|
(287)
|
Deferred income
taxes
|
494
|
|
105
|
Payment on tax
receivable agreement
|
(46)
|
|
(115)
|
Loss on redemption of
non-participating preferred units
|
-
|
|
590
|
Revaluation of tax
receivable agreement liability
|
(331)
|
|
-
|
Contingent loss on
early termination of line of credit
|
300
|
|
-
|
Bad debt
expense
|
422
|
|
17
|
Changes in operating
assets and liabilities:
|
|
|
|
Accounts
receivable
|
(11,275)
|
|
(18,500)
|
Prepaid expenses and
other assets
|
201
|
|
307
|
Accounts
payable
|
7,402
|
|
10,966
|
Accrued
liabilities
|
295
|
|
2,798
|
Income taxes
payable
|
(66)
|
|
174
|
Deferred
revenues
|
(166)
|
|
(801)
|
Operating lease
liability
|
(92)
|
|
(98)
|
Related party
payable
|
-
|
|
(71)
|
Net cash provided by
operating activities
|
2,816
|
|
2,129
|
|
|
|
|
Cash Flows Used In
Investing Activities:
|
|
|
|
Cash paid for
capitalized software and property and equipment
|
(178)
|
|
(688)
|
Net cash used in
investing activities
|
(178)
|
|
(688)
|
|
|
|
|
Cash Flows Used In
Financing Activities:
|
|
|
|
Proceeds from note
payable
|
3,516
|
|
4,260
|
Payments on term
loan
|
(677)
|
|
(576)
|
Payments of litigation
settlement
|
(258)
|
|
(65)
|
Proceeds from lines of
credit
|
5,000
|
|
-
|
Payments on lines of
credit
|
(2,000)
|
|
(400)
|
Payment of deferred
financing costs
|
(576)
|
|
(525)
|
Proceeds from Issuance
of Class A common stock, net of transaction costs
|
-
|
|
11,167
|
Acquisition and
redemption of warrants, including expenses
|
(3,540)
|
|
-
|
Redemption of common
units
|
-
|
|
(7,200)
|
Redemption of
non-participating preferred units
|
-
|
|
(7,046)
|
Proceeds from options
exercised
|
29
|
|
-
|
Proceeds from warrants
exercised
|
122
|
|
-
|
Distributions to
members
|
(3,185)
|
|
(1,693)
|
Net cash used in
financing activities
|
(1,569)
|
|
(2,078)
|
|
|
|
|
Net increase
(decrease) in cash and cash equivalents
|
1,069
|
|
(637)
|
Cash and cash
equivalents, beginning of the period
|
4,047
|
|
4,684
|
Cash and cash
equivalents, end of the period
|
$
5,116
|
|
$
4,047
|
|
|
|
|
Supplemental
Disclosure of Cash Flow Information:
|
|
|
|
Cash paid for
taxes
|
$
361
|
|
$
47
|
Cash paid for
interest
|
$
3,736
|
|
$
2,568
|
|
|
|
|
Non-cash Financing
Activities:
|
|
|
|
Property and equipment
purchased included in accounts payable
|
$
-
|
|
$
19
|
Transaction costs
related to issuances of Class A shares included in accrued
liabilities
|
$
-
|
|
$
1,000
|
Distributions to
members payable
|
$
83
|
|
$
1,448
|
Outside basis
difference in partnership
|
$
1,536
|
|
$
5,270
|
Tax receivable
agreement payable to Direct Digital Management, LLC
|
$
1,286
|
|
$
4,332
|
Tax benefit on tax
receivable agreement
|
$
250
|
|
$
823
|
NON-GAAP FINANCIAL MEASURES
In addition to our results determined in accordance with U.S.
generally accepted accounting principles ("GAAP"), including, in
particular operating income, net cash provided by operating
activities, and net income, we believe that earnings before
interest, taxes, depreciation and amortization ("EBITDA"), as
adjusted for stock compensation expense, contingent loss on early
termination of line of credit, revaluation of tax receivable
agreement liability, forgiveness of PPP loan, loss on early
redemption of non-participating preferred units ("Adjusted
EBITDA"), a non-GAAP financial measure, is useful in evaluating our
operating performance. The most directly comparable GAAP measure to
Adjusted EBITDA is net income (loss).
In addition to operating income and net income, we use Adjusted
EBITDA as a measure of operational efficiency. We believe that this
non-GAAP financial measure is useful to investors for
period-to-period comparisons of our business and in understanding
and evaluating our operating results for the following reasons:
- Adjusted EBITDA is widely used by investors and securities
analysts to measure a company's operating performance without
regard to items such as depreciation and amortization, interest
expense, provision for income taxes, and certain unusual, one-time
or non-recurring items that can vary substantially from company to
company depending upon their financing, capital structures and the
method by which assets were acquired;
- Our management uses Adjusted EBITDA in conjunction with GAAP
financial measures for planning purposes, including the preparation
of our annual operating budget, as a measure of operating
performance and the effectiveness of our business strategies and in
communications with our board of directors concerning our financial
performance; and
- Adjusted EBITDA provides consistency and comparability with our
past financial performance, facilitates period-to-period
comparisons of operations, and also facilitates comparisons with
other peer companies, many of which use similar non-GAAP financial
measures to supplement their GAAP results.
Our use of this non-GAAP financial measure has limitations as an
analytical tool, and you should not consider it in isolation or as
a substitute for analysis of our financial results as reported
under GAAP. The following table presents a reconciliation of
Adjusted EBITDA to net income (loss) for each of the periods
presented:
NON-GAAP FINANCIAL
METRICS
(unaudited, in
thousands)
|
|
|
Three Months
December 31,
|
|
Year Ended
December 31,
|
|
2023
|
|
2022
|
|
2023
|
|
2022
|
Net income
(loss)
|
$
|
(1,226)
|
|
$
|
1,413
|
|
$
|
1,986
|
|
$
|
4,167
|
Add back
(deduct):
|
|
|
|
|
|
|
|
|
|
|
|
Interest
expense
|
|
1,273
|
|
|
961
|
|
|
4,378
|
|
|
3,231
|
Amortization of
intangible assets
|
|
489
|
|
|
489
|
|
|
1,954
|
|
|
1,954
|
Stock-based
compensation
|
|
161
|
|
|
69
|
|
|
706
|
|
|
154
|
Stock-based
compensation accrued but not yet granted
|
|
1,493
|
|
|
-
|
|
|
1,493
|
|
|
-
|
Depreciation and
amortization of property, equipment and software
|
|
68
|
|
|
34
|
|
|
253
|
|
|
34
|
Contingent loss on
early termination of line of credit
|
|
-
|
|
|
-
|
|
|
300
|
|
|
-
|
Income tax
expense
|
|
402
|
|
|
111
|
|
|
568
|
|
|
326
|
Revaluation of tax
receivable agreement liability
|
|
(331)
|
|
|
-
|
|
|
(331)
|
|
|
-
|
Forgiveness of
Paycheck Protection Program loan
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(287)
|
Loss on redemption of
non-participating preferred units
|
|
-
|
|
|
(1)
|
|
|
-
|
|
|
590
|
Adjusted
EBITDA
|
$
|
2,329
|
|
$
|
3,076
|
|
$
|
11,307
|
|
$
|
10,169
|
Contacts:
Investors:
Brett
Milotte, ICR
investors@directdigitalholdings.com
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SOURCE Direct Digital Holdings