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Income Statement
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Direct Digital Holdings, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   8-K10-K10-KS-1/AS-1/A
Revenues:  
    Buy-side advertising  29.326.1   
    Sell-side advertising  58.712.0   
Total revenues  88.038.112.517.010.0
            Revenue growth   [+]130.9%205.6%-26.4%68.9% 
Cost of goods sold  60.019.77.35.34.1
Gross profit  28.018.45.211.75.9
            Gross margin  31.8%48.3%41.5%68.8%58.9%
Selling, general and administrative   [+]7.25.51.81.51.2
Other operating expenses  14.18.54.24.62.5
EBITDA   [+] 8.30.1  
            EBITDA margin  7.6%21.7%1.1%32.8%21.8%
Depreciation   2.00.5  
EBITA  6.76.3-0.45.62.2
            EBITA margin  7.6%16.6%-2.9%32.8%21.8%
Amortization of intangibles   2.00.5  
EBIT   [+]6.74.4-0.85.62.2
            EBIT margin  7.6%11.5%-6.8%32.8%21.8%
Non-recurring items   [+]   0.0 
Interest income     0.00.0
Other income (expense), net   [+]-3.5-6.0-0.10.0 
Pre-tax income  3.2-1.6-0.95.62.2
Income taxes  0.3-0.10.00.10.0
            Tax rate  8.0%4.0%1.3%0.9%1.3%
Net income  2.9-1.5-0.95.52.2
            Net margin  3.3%-4.0%-7.3%32.5%21.5%
   
Basic EPS  $0.17    
Diluted EPS  $0.17    
   
Shares outstanding (basic)  16.9    
Shares outstanding (diluted)  16.9    
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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