Direct Digital | 10-Q: FY2025 Q3 Revenue: USD 7.984 M

LB filings
2025.11.12 13:12
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Revenue: As of FY2025 Q3, the actual value is USD 7.984 M.

EPS: As of FY2025 Q3, the actual value is USD -0.24.

EBIT: As of FY2025 Q3, the actual value is USD -2.807 M.

Segment Revenue

  • Sell-side advertising: $641 thousand for the three months ended September 30, 2025, a decrease of 71% from $2,202 thousand for the same period in 2024. For the nine months ended September 30, 2025, sell-side advertising revenue was $5,153 thousand, a decrease of 84% from $33,001 thousand for the same period in 2024.
  • Buy-side advertising: $7,343 thousand for the three months ended September 30, 2025, an increase of 7% from $6,873 thousand for the same period in 2024. For the nine months ended September 30, 2025, buy-side advertising revenue was $21,133 thousand, an increase of 5% from $20,204 thousand for the same period in 2024.

Operational Metrics

  • Gross Profit: $2,214 thousand for the three months ended September 30, 2025, a decrease of 37% from $3,514 thousand for the same period in 2024. For the nine months ended September 30, 2025, gross profit was $8,169 thousand, a decrease of 43% from $14,444 thousand for the same period in 2024.
  • Operating Expenses: $6,125 thousand for the three months ended September 30, 2025, a decrease of 15% from $7,172 thousand for the same period in 2024. For the nine months ended September 30, 2025, operating expenses were $18,429 thousand, a decrease of 20% from $22,973 thousand for the same period in 2024.
  • Net Loss: $5,000 thousand for the three months ended September 30, 2025, a decrease of 22% from $6,377 thousand for the same period in 2024. For the nine months ended September 30, 2025, net loss was $15,136 thousand, an increase of 13% from $13,338 thousand for the same period in 2024.

Cash Flow

  • Net Cash Used in Operating Activities: $7,036 thousand for the nine months ended September 30, 2025, compared to $7,095 thousand for the same period in 2024.
  • Net Cash Used in Investing Activities: $38 thousand for the nine months ended September 30, 2025, compared to $17 thousand for the same period in 2024.
  • Net Cash Provided by Financing Activities: $6,500 thousand for the nine months ended September 30, 2025, compared to $6,083 thousand for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company is actively working with its partners to achieve prior volume levels in the sell-side segment, which has been disrupted due to a defamatory article. The company is also focusing on reducing expenses through staff reduction, pausing hiring, and implementing cost-saving measures.
  • Non-Core Business: The company is exploring raising additional funds through registered or private offerings to maintain compliance with Nasdaq’s minimum stockholders’ equity requirement.
  • Priority: The company aims to rebuild sell-side volumes and maintain compliance with Nasdaq’s listing requirements by raising additional capital and converting debt to equity.
Source: LB filings The copyright of this article belongs to the original author/organization.
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