drct stock
Finance 

Direct Digital (DRCT) Continues Heating Up On Positive Q4 and Full Year 2021 Earnings

Brian Riviera

What a nice trading-day begins for Direct Digital (Nasdaq: DRCT) after Q4 and full-year 2021 financial reports are released 18 hours ago. DRCT stock is soaring due to several positive news from reports.

  • For the whole of 2021, the revenue grew 206% year over year
  • In Q4 2021 the revenue surged 95%
  • The company acquired and integrated Orange142 in 2020 with its business and grew organically
  • Q4 2021 operating income soared to $1.3 million compared to roughly $40,000 in the same period of the previous year
  • A huge existing $32.0 million loan was refinanced
  • Net loss was $(-0.5) million in Q4 2020 but in the same period of 2021 was $(2.1) million
  • Adjusted EBITDA increased by $0.8 million in Q4 2021 compared to the same period of 2020.
  • Net operating cash also grew by $0.2 million in Q4 2021 compared to the same period of 2020.
  • In 2021 the revenue jumped to $38.1 million from 2020 revenue of $12.5 million
  • Operating income popped up 619%, to $4.4 million for 2021
  • Net loss increased by $(0.6) million
  • Adjusted EBITDA was $6.4 million for 2021 compared to $0.6 million for 2020

Looking at the great financial updates many long term focused buyers will come soon. DRCT may jump over $10 easily without volatile moves.

drct stock