Birner Dental Management Servi (DMS) Misses Q3 EPS by 5c

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Digital Media Solutions, Inc. Announces Third Quarter Fiscal 2020 Financial Results

November 10, 2020 4:05 PM EST

Delivered record quarterly revenue of $82.8 million and Adjusted Revenue of $85.1 million,1 up 10% and 11% quarter over quarter, respectively, and up 44% and 43% year over year, respectively. Increased insurance revenue growth by 13%, including 8% from top 10 insurance clients, with strong open enrollment acceleration expected in the fourth quarter. Gross profit of $25.1 million, or 30.2% gross margin. Net loss of $2.2 million (which includes $3.2 million of business combination and acquisition-related costs and $1.0 million of facilities lease restructuring costs). Combined Adjusted EBITDA of $14.0 million,1 up 7.7% from the second quarter. Surpassed 6 million milestone for number of consumers matched with... More