Marketing Solutions

We have written a 16-page Update Report on DATA Communications Management (DCM) after it released Q1/2024. DCM is a Canadian-based communications and marketing solutions provider. Revenue increased to $129.3 million in Q1/2024, up 69.9% from $76.1 million in Q1/2023, but lower than our estimate of $139.0 million. Revenue fell short of expectations mainly because several projects from larger clients were postponed to later quarters this year. DCM reported Adjusted EBITDA of $18.7 million in Q1/2024, an increase of 46.2% from $12.8 million in the same quarter last year. The EBITDA growth reflects the positive impact of the MCC acquisition and ongoing efforts to improve margins and reduce expenses. [more]

We have written a 17-page Update Report on DATA Communications Management (DCM) after it released Q4/2023 and 2023 financial results. DCM is a Canadian-based communications and marketing solutions provider. Revenue increased to $130.0 million in Q4/2023, up 77.9% from Q4/2022, and in-line with our estimate of $131.0 million. For the full year, Revenue hit $447.7 million, up 63.5% from 2022, and in-line with our estimate of $448.8 million. The Adjusted EBITDA for 2023 was $53.4 million, a 30.3% increase from the previous year. The Revenue and EBITDA growth were mainly attributable to the acquisition of Moore Canada Corporation, which closed in Q2/2023. The report provides an overview of DCM‘s financial results, strategic directions for 2024, and our financial estimates and target price calculations. [more]