Technology
Direct Digital Holdings Reports Q4 & Full-Year 2024 Financial Results
Published
1 year agoon
By
Full Year Revenue of $62.3 Million In-Line with Revised Revenue Guidance
Continued to Diversify Customer Base with Leading Sell-Side Partners and Buy-Side Customers in New Verticals
Management to Host Conference Call at 5:00 PM ET Today
HOUSTON, March 27, 2025 /PRNewswire/ — Direct Digital Holdings, Inc. (Nasdaq: DRCT) (“Direct Digital Holdings” or the “Company”), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC (“Colossus SSP”) and Orange 142, LLC (“Orange 142”), today announced financial results for the fourth quarter and full year ended December 31, 2024.
Mark D. Walker, Chairman and Chief Executive Officer, commented, “We are pleased to announce that despite the challenges faced this past year, we delivered fourth quarter results in-line with our revised revenue guidance range. The combination of our revenue optimization strategies and cost-saving initiatives has positioned Direct Digital Holdings for future growth as we look to rebuild to previous levels. Starting last year, we began further expanding sources of our revenue and conducting a cost savings review, which has resulted in a more diversified and efficient business model reflecting significant operating expense reduction sequentially when compared to the first half of the year.”
Walker continued, “In the third quarter of 2024, we announced the launch of Colossus Connections, an aggressive initiative to accelerate our direct integration efforts with leading demand-side platforms and that we have already signed up two of the leading partners in the marketplace. We are expecting to see revenue impacts as we move through 2025, once integration is complete in the second half of 2025. On the buy-side, since we unified our two divisions, Orange 142 and Huddled Masses, we have been keenly focused on small- and mid-sized clients, who are increasingly shifting advertising budgets to digital and require support to navigate its complexities and optimize their ad spend. We have already brought on clients in new verticals which are expected to generate additional incremental revenue of $5 million to $10 million in 2025, with full impact starting in the second quarter of this year.”
“As we look ahead to 2025, we are reiterating revenue guidance of $90 million to $110 million, underscoring our confidence in our ability to scale up both our buy- and sell-side businesses,” said Walker. “In particular, we expect the second half of the year to deliver strong gains as we experience the full effect of new direct sell-side partners coming online. While our first quarter tends to be slower than the fourth quarter related to seasonality in our sell-side business, we are seeing sequential improvement in the first quarter of this year over November and December of last year, and we remain confident that our recalibrated approach will continue to enable us to capture market share and strengthen our leading advertising and marketing technology offering.”
Keith Smith, President, added, “In addition to our optimized business model, our $20 million Equity Reserve Facility with New Circle Principal Investments, announced in October, has also provided us with enhanced financial flexibility to execute on our various strategic initiatives while also strengthening our balance sheet. This new financing source supports both our technology investments and growth objectives as we continue to evolve our platform capabilities and position Direct Digital Holdings for sustainable, long-term growth.”
On the topic of recent litigation, Smith commented, “I am thrilled to report that earlier this month, we secured a significant victory in the courts. Our defamation lawsuit against those who intentionally distributed misinformation about our business last May was validated with a court ruling that our case may continue despite attempts by the other party to have our complaint dismissed. We believe this decision speaks to the substance of our allegations regarding inaccurate and false statements targeting our technologies and we look forward to running our business while we continue to pursue a judgment in the case.”
Fourth Quarter and Year-to-Date Updates
For the fourth quarter ended December 31, 2024, Direct Digital Holdings processed approximately 200 billion average monthly impressions through its sell-side advertising segment, a decrease of 49% over the same period of 2023 but an increase of 53% over the same period of 2022 and a 7% sequential increase over the third quarter ended September 30, 2024.In addition, the Company’s sell-side advertising platform processed over 500 billion average monthly bid requests and received about 6 billion average monthly bid responses in the fourth quarter of 2024, a decrease of 47% and 79%, respectively, over the same period in 2023 but consistent with the same period of 2022 and the third quarter of 2024.Sell-side advertisers for the fourth quarter of 2024 increased 137% compared to the same period of 2023, increased 18% compared to the same period of 2022 and increased 13% sequentially compared to the third quarter of 2024.Sell-side media properties of 28,000 average per month for the fourth quarter of 2024 were up 24% compared to the same period of 2023 and up 1% sequentially compared to the third quarter of 2024.The Company’s buy-side advertising segment served about 230 customers in the fourth quarter of 2024, consistent with the prior year.Colossus Connections Launch: Enhanced direct integration on sell-side, optimizing supply path efficiency and securing partnerships with leading marketplace platforms.Orange 142 Momentum: Secured major new account wins on the buy-side for 2025 with a focus on small-and mid-sized advertisers and high-growth advertising opportunities in connected TV, social media and retail media, enhancing client-agency relationships and delivering premium service to clients.AI Expertise: Integrating advanced artificial intelligence capabilities to meet increasing client demand and enhance solutions and insights.Award Recognition: Recognized as the 101st fastest growing company in North America by Deloitte Technology Fast 500TM, received Silver Award for Influencer Marketing from Adrian Awards; received two Gold MARCOM Awards for display and social media ad campaigns; recognized in the Longhorn 100 as one of the fastest growing Longhorn-run businesses.Operational Optimizations: Undertook cost-saving and operational optimization strategies resulting in a more diversified business model.Securing Strategic Financing: Actively advancing multiple funding and equity financing pathways with the goal that these efforts will restore Nasdaq compliance, strengthen the Company’s financial position and support key growth initiatives.
Fourth Quarter 2024 Financial Highlights:
For the fourth quarter of 2024, revenue was $9.1 million, a decrease of $31.9 million, or a 78% decline compared to $41.0 million in the same period of 2023.Sell-side advertising segment revenue fell to $2.7 million compared to $33.4 million in the same period of 2023, a 92% decrease year-over-year. The key driver for this reduction was the suspension by one of our large customers following the defamatory article against the Company. This customer has since restored its connection and is continuing to scale.Buy-side advertising segment revenue fell to $6.4 million compared to $7.6 million in the same period of 2023, a 15% year-over-year decline.Gross profit was $2.9 million, or 32% of revenue, in the fourth quarter of 2024 compared to $9.3 million, or 23% of revenue, in the same period of 2023.Operating expenses were $7.7 million in the fourth quarter of 2024, a decrease of $10.5 million, or 58%, over $18.1 million in the same period of 2023.Operating loss was $4.7 million, compared to operating loss of $8.8 million in the same period of 2023, a $4.1 million or 46% improvement.Net loss was $6.6 million in the fourth quarter, compared to net loss of $10.1 million in the same period of 2023.Adjusted EBITDA(1) loss was $3.4 million in the fourth quarter of 2024, a $3.2 million or 48% improvement compared to the $6.6 million Adjusted EBITDA(1) loss in the fourth quarter of 2023.As of December 31, 2024, the Company held cash and cash equivalents of $1.4 million compared to $5.1 million as of December 31, 2023.
Full-Year 2024 Financial Highlights
Revenue in fiscal year 2024 was $62.3 million, a decrease of $94.8 million, or a 60% decrease over $157.1 million in fiscal year 2023.Sell-side advertising segment revenue was $35.7 million compared to $122.4 million in fiscal year 2023.Buy-side advertising segment revenue was $26.6 million compared to $34.7 million in fiscal year 2023.Operating expenses were $30.6 million in 2024, a decrease of $9.1 million, or 23%, over $39.8 million in 2023. Operating expenses were negatively impacted in 2023 by an unusual charge for $8.8 million related to payments to a few publishers and in 2024 by $1.7 million in costs to regain compliance with respect to delinquent SEC filings. Adjusted Operating Expenses(1) (which excludes these unusual items) of $28.9 million in 2024 decreased $2.0 million, or 7%, from $31.0 million in 2023. Adjusted Operating Expenses for the second half of 2024 of $13.5 million decreased by $1.9 million, or 12%, from $15.4 million for the first half of 2024.Operating loss in fiscal year 2024 was $13.2 million compared to operating loss of $2.2 million in fiscal year 2023.Net loss for fiscal year 2024 was $19.9 million, compared to net loss of $6.8 million in fiscal year 2023.Adjusted EBITDA(1) loss was $9.3 million in fiscal year 2024, compared to positive Adjusted EBITDA(1) of $2.4 million in fiscal year 2023.
Financial Outlook
Assuming the U.S. economy does not experience any major economic conditions that deteriorate or otherwise significantly reduce advertiser demand, and subject to certain uncertainties related to the ramp-up of our businesses and general market conditions, Direct Digital Holdings reiterates its full-year revenue guidance of $90 million to $110 million for FY 2025 as the Company rebuilds to previous levels.
Diana Diaz, Chief Financial Officer, stated, “As we continue to refocus the company, our lower cost structure, optimized performance and focus on driving efficiencies across the business are key to our accelerated path to return to profitability. We continue to be judicious in adding any new costs and we remain confident in our business to deliver strong performance for our shareholders this year.”
Conference Call and Webcast Details
Direct Digital will host a conference call on March 27, 2025 at 5:00 PM ET to discuss the Company’s fourth quarter and full year 2024 financial results. The live webcast and replay can be accessed at https://ir.directdigitalholdings.com/. Please access the website at least fifteen minutes prior to the call to register, download and install any necessary audio software. For those who cannot access the webcast, a replay will be available at https://ir.directdigitalholdings.com/ for a period of twelve months.
________________________________
(1) “Adjusted EBITDA” and “Adjusted Operating Expenses” are non-GAAP financial measures. The section titled “Non-GAAP Financial Measures” below describes our usage of non-GAAP financial measures and provides reconciliations between historical GAAP and non-GAAP information contained in this press release.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws that are subject to certain risks, trends and uncertainties. We use words such as “could,” “would,” “may,” “might,” “will,” “expect,” “likely,” “believe,” “continue,” “anticipate,” “estimate,” “intend,” “plan,” “project” and other similar expressions to identify forward-looking statements, but not all forward-looking statements include these words. All of our forward-looking statements involve estimates and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the information described under the caption “Risk Factors” and elsewhere in our most recent Annual Report on Form 10 K (the “Form 10-K”) and subsequent periodic and or current reports filed with the Securities and Exchange Commission (the “SEC”).
The forward-looking statements contained in this press release are based on assumptions that we have made in light of our industry experience and our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. As you read and consider this press release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions.
Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance expressed in or implied by the forward-looking statements. We believe these factors include, but are not limited to, the following: our ability to sell Class A common stock under our equity reserve facility; the restrictions and covenants imposed upon us by our credit facilities; the substantial doubt about our ability to continue as a going concern, which may hinder our ability to obtain future financing; our ability to secure additional financing to meet our capital needs; our ineligibility to file short-form registration statements on Form S-3, which may impair our ability to raise capital; our failure to satisfy applicable listing standards of the Nasdaq Capital Market resulting in a potential delisting of our common stock; failure to remedy any listing deficiencies noted in the deficiency letters from the Listing Qualifications Department of The Nasdaq Stock Market LLC; any significant fluctuations caused by our high customer concentration; risks related to non-payment by our clients; reputational and other harms caused by our failure to detect advertising fraud; operational and performance issues with our platform, whether real or perceived, including a failure to respond to technological changes or to upgrade our technology systems; restrictions on the use of third-party “cookies,” mobile device IDs or other tracking technologies, which could diminish our platform’s effectiveness; unfavorable publicity and negative public perception about our industry, particularly concerns regarding data privacy and security relating to our industry’s technology and practices, and any perceived failure to comply with laws and industry self-regulation; our failure to manage our growth effectively; the difficulty in identifying and integrating any future acquisitions or strategic investments; any changes or developments in legislative, judicial, regulatory or cultural environments related to information collection, use and processing; challenges related to our buy-side clients that are destination marketing organizations and that operate as public/private partnerships; any strain on our resources or diversion of our management’s attention as a result of being a public company; the intense competition of the digital advertising industry and our ability to effectively compete against current and future competitors; any significant inadvertent disclosure or breach of confidential and/or personal information we hold, or of the security of our or our customers’, suppliers’ or other partners’ computer systems; as a holding company, we depend on distributions from Direct Digital Holdings, LLC (“DDH LLC”) to pay our taxes, expenses (including payments under the Tax Receivable Agreement) and any amount of any dividends we may pay to the holders of our common stock; the fact that DDH LLC is controlled by DDM, whose interest may differ from those of our public stockholders; any failure by us to maintain or implement effective internal controls or to detect fraud; and other factors and assumptions discussed in our Form 10-K and subsequent periodic and current reports we may file with the SEC.
Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove to be incorrect, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and except as required by law, we undertake no obligation to update any forward-looking statement contained in this press release to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. New factors that could cause our business not to develop as we expect emerge from time to time, and it is not possible for us to predict all of them. Further, we cannot assess the impact of each currently known or new factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
About Direct Digital Holdings
Direct Digital Holdings (Nasdaq: DRCT) combines cutting-edge sell-side and buy-side advertising solutions, providing data-driven digital media strategies that enhance reach and performance for brands, agencies, and publishers of all sizes. Our sell-side platform, Colossus SSP, offers curated access to premium, growth-oriented media properties throughout the digital ecosystem. On the buy-side, Orange 142 delivers customized, audience-focused digital marketing and advertising solutions that enable mid-market and enterprise companies to achieve measurable results across a range of platforms, including programmatic, search, social, CTV, and influencer marketing. With extensive expertise in high-growth sectors such as Energy, Healthcare, Travel & Tourism, and Financial Services, our teams deliver performance strategies that connect brands with their ideal audiences.
At Direct Digital Holdings, we prioritize personal relationships by humanizing technology, ensuring each client receives dedicated support and tailored digital marketing solutions regardless of company size. This empowers everyone to thrive by generating billions of monthly impressions across display, CTV, in-app, and emerging media channels through advanced targeting, comprehensive data insights, and cross-platform activation. DDH is “Digital advertising built for everyone.”
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and par value amounts)
December 31,
2024
2023
ASSETS
CURRENT ASSETS
Cash and cash equivalents
$ 1,445
$ 5,116
Accounts receivable, net of provision for credit losses of $978 and $344
4,973
37,207
Prepaid expenses and other current assets
2,117
759
Total current assets
8,535
43,082
Property, equipment and software, net
341
599
Goodwill
6,520
6,520
Intangible assets, net
9,730
11,684
Deferred tax asset, net
—
6,132
Operating lease right-of-use assets
832
788
Other long-term assets
48
130
Total assets
$ 26,006
$ 68,935
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES
Accounts payable
7,657
33,926
Accrued liabilities
1,257
3,816
Liability related to tax receivable agreement, current portion
41
41
Current maturities of long-term debt
3,700
1,478
Deferred revenues
507
381
Operating lease liabilities, current portion
188
126
Income taxes payable
—
34
Total current liabilities
13,350
39,802
Long-term debt, net of current portion, deferred financing cost and debt discount
31,603
28,578
Liability related to tax receivable agreement, net of current portion
—
5,201
Operating lease liabilities, net of current portion
783
773
Total liabilities
45,736
74,354
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT
Class A Common Stock, $0.001 par value per share, 160,000,000 shares authorized,
5,450,554 and 3,478,776 shares issued and outstanding, respectively
6
3
Class B Common Stock, $0.001 par value per share, 20,000,000 shares authorized,
10,868,000 shares issued and outstanding
11
11
Additional paid-in capital
3,769
3,067
Accumulated deficit
(8,774)
(2,538)
Noncontrolling interest
(14,742)
(5,962)
Total stockholders’ deficit
(19,730)
(5,419)
Total liabilities and stockholders’ deficit
$ 26,006
$ 68,935
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per-share data)
Three Months Ended
December 31,
Twelve Months Ended
December 31,
2024
2023
2024
2023
(unaudited)
(unaudited)
Revenues
Sell-side advertising
$ 2,659
$ 33,428
$ 35,660
$ 122,434
Buy-side advertising
6,424
7,583
26,628
34,676
Total revenues
9,083
41,011
62,288
157,110
Cost of revenues
Sell-side advertising
3,393
28,543
34,063
105,733
Buy-side advertising
2,743
3,153
10,834
13,803
Total cost of revenues
6,136
31,696
44,897
119,536
Gross profit
2,947
9,315
17,391
37,574
Operating expenses
Compensation, taxes and benefits
4,186
4,796
16,402
17,730
General and administrative
3,465
4,481
14,222
13,199
Other Expense
—
8,830
—
8,830
Total operating expenses
7,651
18,107
30,624
39,759
Loss from operations
(4,704)
(8,792)
(13,233)
(2,185)
Other income (expense)
Other income
9
81
199
256
Revaluation of tax receivable agreement liability
—
331
—
331
Contingent loss on early termination of line of credit
—
—
—
(300)
Derecognition of tax receivable agreement liability
—
—
5,201
—
Commitment shares and expenses for Equity Reserve Facility
(532)
—
(532)
—
Interest expense
(1,342)
(1,274)
(5,410)
(4,378)
Total other expense, net
(1,865)
(862)
(542)
(4,091)
Loss before income taxes
(6,569)
(9,654)
(13,775)
(6,276)
Income tax expense
—
402
6,132
568
Net loss
(6,569)
(10,056)
(19,907)
(6,844)
Net loss attributable to noncontrolling interest
(4,388)
(7,313)
(13,671)
(4,650)
Net loss attributable to Direct Digital Holdings, Inc.
$ (2,181)
$ (2,743)
$ (6,236)
$ (2,194)
Net loss per common share attributable to Direct Digital Holdings, Inc.:
Basic
$ (0.54)
$ (0.88)
$ (1.66)
$ (0.73)
Diluted
$ (0.54)
$ (0.88)
$ (1.66)
$ (0.73)
Weighted-average number of shares of common stock outstanding:
Basic
4,029
3,134
3,758
2,988
Diluted
4,029
3,134
3,758
2,988
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
For the Year Ended December 31,
2024
2023
Cash Flows (Used In) Provided By Operating Activities:
Net loss
$ (19,907)
$ (6,844)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Amortization of deferred financing cost and debt discount
1,092
615
Amortization of intangible assets
1,954
1,954
Reduction in carrying amount of right-of-use assets
156
164
Depreciation and amortization of property, equipment and software
275
253
Stock-based compensation
1,552
706
Deferred income taxes
6,132
568
Derecognition of tax receivable agreement liability
(5,201)
—
Revaluation of tax receivable agreement liability
—
(331)
Loss on early termination of line of credit
—
300
Commitment shares and expenses for Equity Reserve Facility
532
—
Provision for credit losses/bad debt expense
619
422
Changes in operating assets and liabilities:
Accounts receivable
31,615
(11,275)
Prepaid expenses and other assets
(60)
201
Accounts payable
(26,269)
16,231
Accrued liabilities and TRA payable
(1,103)
(8)
Income taxes payable
(34)
(140)
Deferred revenues
126
(166)
Operating lease liability
(127)
(92)
Net cash (used in) provided by operating activities
(8,648)
2,558
Cash Flows Used In Investing Activities:
Cash paid for capitalized software and property and equipment
(17)
(178)
Net cash used in investing activities
(17)
(178)
Cash Flows Provided by (Used In) Financing Activities:
Proceeds from note payable
4,000
3,516
Payments on term loan
(373)
(677)
Proceeds from lines of credit
6,700
5,000
Payments on lines of credit
(6,000)
(2,000)
Payment of expenses for Equity Reserve Facility
(382)
—
Payment of deferred financing costs
(26)
(576)
Proceeds from issuance of Class A Common Stock
1,646
—
Acquisition and redemption of warrants, including expenses
—
(3,540)
Payment of tax related to shares withheld upon vesting
(878)
—
Proceeds from options exercised
92
29
Proceeds from warrants exercised
215
122
Distributions to holders of LLC Units
—
(3,185)
Net cash provided by (used in) financing activities
4,994
(1,311)
Net (decrease) increase in cash and cash equivalents
(3,671)
1,069
Cash and cash equivalents, beginning of the period
5,116
4,047
Cash and cash equivalents, end of the period
$ 1,445
$ 5,116
Supplemental Disclosure of Cash Flow Information:
Cash paid for taxes
$ 388
$ 361
Cash paid for interest
$ 4,300
$ 3,736
Non-cash Financing Activities:
Common stock issued for subscription receivable
$ 1,362
$ —
Funding of interest reserve through debt
$ 2,000
$ —
Accrued term loan exit fee
$ 3,000
$ —
Issuance of stock in lieu of cash bonus, net of tax withholdings
$ 906
$ —
Financed insurance premiums
$ 129
$ —
Outside basis difference in partnership
$ —
$ 1,536
Tax receivable agreement payable to Direct Digital Management, LLC
$ —
$ 1,286
Tax benefit on tax receivable agreement
$ —
$ 250
NON-GAAP FINANCIAL MEASURES
In addition to our results determined in accordance with U.S. generally accepted accounting principles (“GAAP”), including, in particular operating income (loss), net cash provided by (used in) operating activities, and net income (loss), we believe that certain non-GAAP financial measures are useful in evaluating our performance, specifically: earnings before interest, taxes, depreciation and amortization (“EBITDA”), as adjusted for derecognition and revaluation of tax receivable agreement liability, commitment shares and expenses for the Equity Reserve Facility, loss on early termination of line of credit and stock-based compensation (“Adjusted EBITDA”) and operating expenses, excluding certain unusual items such as non-recurring publisher payments and non-recurring compliance costs (“Adjusted Operating Expenses”). The most directly comparable GAAP measure to Adjusted EBITDA is net income (loss) and to Adjusted Operating Expenses is operating expenses.
In addition to operating income (loss) and net income (loss), we use Adjusted EBITDA and Adjusted Operating Expenses as measures of operational efficiency. We believe that these non-GAAP financial measures are useful to investors for period-to-period comparisons of our business and in understanding and evaluating our operating results for the following reasons:
Adjusted EBITDA is widely used by investors and securities analysts to measure a company’s operating performance without regard to items such as depreciation and amortization, interest expense, provision for income taxes, stock-based compensation, derecognition and revaluation of tax receivable agreement liability and certain one-time items such as acquisition costs, losses from early termination or redemption of credit agreements or costs for the Equity Reserve Facility that can vary substantially from company to company depending upon their financing, capital structures and the method by which assets were acquired;Our management uses Adjusted EBITDA in conjunction with GAAP financial measures for planning purposes, including the preparation of our annual operating budget, as a measure of operating performance and the effectiveness of our business strategies and in communications with our board of directors concerning our financial performance;Our management used Adjusted Operating Expenses to manage decisions regarding cost reduction efforts and our overall expenditures; andAdjusted EBITDA and Adjusted Operating Expenses provide consistency and comparability with our past financial performance, facilitate period-to-period comparisons of operations, and also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results.
Our use of non-GAAP financial measures has limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our financial results as reported under GAAP. The following table presents a reconciliation of Adjusted EBITDA to net income (loss) and Adjusted Operating Expenses to Operating Expenses for each of the periods presented:
NON-GAAP FINANCIAL METRICS
(unaudited, in thousands)
Three Months Ended
December 31,
Twelve Months Ended
December 31,
2024
2023
2024
2023
Net loss (1)
$ (6,569)
$ (10,056)
$ (19,907)
$ (6,844)
Add back (deduct):
Interest expense
1,342
1,274
5,410
4,378
Amortization of intangible assets
489
489
1,954
1,954
Stock-based compensation
741
160
1,552
706
Commitment shares and expenses for Equity Reserve Facility
532
—
532
—
Stock-based compensation accrued but not granted
—
1,409
—
1,409
Depreciation and amortization of property, equipment and software
70
68
275
253
Income tax expense
—
402
6,132
568
Derecognition of tax receivable agreement liability
—
—
(5,201)
—
Loss on early termination of line of credit
—
—
—
300
Revaluation of tax receivable agreement liability
—
(331)
—
(331)
Adjusted EBITDA
$ (3,395)
$ (6,585)
$ (9,253)
$ 2,393
(1) During the quarter and year ended December 31, 2023, we recorded a charge in the amount of $8.8 million for payments made in 2024 to a few publishers for which the related sell-side revenue for 2023 was short paid by a sell-side customer.
Three Months Ended
December 31,
Twelve Months Ended
December 31,
2024
2023
2024
2023
Total operating expenses
$ 7,651
$ 18,107
$ 30,624
$ 39,759
Non-recurring publisher payments
—
8,830
—
8,830
Costs to regain compliance related to delinquent SEC filings
435
—
1,726
—
Adjusted Operating Expenses
$ 7,216
$ 9,277
$ 28,898
$ 30,929
Contacts:
Investors:
Brett Milotte, ICR
investors@directdigitalholdings.com
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SOURCE Direct Digital Holdings
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DES MOINES, Iowa, July 20, 2026 /PRNewswire/ — Ever.Ag today announced the expansion of Everett, its Ag Decision Engine, to agribusiness—the third wave of an agentic AI rollout that began with dairy in April and expanded to livestock and animal protein in June. The announcement is being made at Tech Hub Live, where Ever.Ag is a key sponsor, at the Iowa Events Center in Des Moines. Everett connects data across a customer’s operation with Ever.Ag intelligence, turning insights into decisions by orchestrating, evolving, and creating workflows woven into the products ag retailers, cooperatives, and agronomists already rely on.
“We said from the beginning that this rollout would go deep in every vertical we serve,” said Ever.Ag CEO Scott Sexton. “FieldAlytics monitors over 220 million active acres. Merchant Ag powers ag retailers and cooperatives across the country. Bringing Everett into those products means agentic AI is now at work for the people who advise, supply, and serve growers every day.”
Agentic AI Built for Ag Retail and the Grower Adviser Network
Ag retailers and cooperatives manage agronomic advice, logistics, grain merchandising, energy delivery, and grower relationships simultaneously, and the margin for a missed signal is real. Everett proactively monitors what matters across that complexity, recommends actions with full context, and enables execution without requiring teams to jump between systems.
“Whether you’re a sales agronomist looking for the next opportunity to improve a grower’s yield, a grain merchandiser settling contracts under deadline, or a dispatcher routing energy deliveries ahead of a cold snap, Everett arrives knowing how operations like yours work and where those decisions happen,” said Simon Drake, Chief Product Officer. “General-purpose AI tools don’t.”
Everett works within each customer’s own data environment. Data stays within their operation and is never shared with or used to inform recommendations for other customers. Everett’s intelligence deepens as it learns the patterns of each customer’s own operation, so the value compounds for that customer without their data ever leaving it. This approach is reinforced by Ever.Ag’s SOC 2 Type II compliance, reflecting decades of experience safeguarding customer data with rigorous, independently validated controls.
What Everett Can Do: A Few Examples
FieldAlytics — Everett predicts which growers are likely to order, and in what quantities, so sales teams can pre-sell and operations can pre-position before the call comes in. Everett delivers role-aware summaries on every FieldAlytics report, giving growers, agronomists, and managers plain-language insights and clear next steps. It also continuously monitors connected equipment, detecting silent connectivity failures before operators encounter them.
Merchant Ag — Everett delivers a unified view of every customer across divisions, surfacing churn signals and expansion opportunities before they would be identified manually. For co-op finance teams, Everett models patronage scenarios and produces board-ready outputs in minutes. Everett also automates AP entry, reading and processing expense and product invoices for validation. Additional capabilities include energy demand forecasting and route optimization, grain settlement validation, and cross-division credit risk scoring and collections prioritization.
What’s Next
The expansion of Everett is not finished. Additional products across dairy, livestock, and agribusiness will carry Everett capabilities in the months ahead, further deepening the intelligence available to customers within each vertical.
“Every product we add makes the value compound,” Sexton added. “We’re not done within any of these verticals. And Everett keeps getting better. The more a customer uses it, the more it understands their operation, and the more value it delivers back to them.”
Learn more about Everett at Tech Hub Live, Iowa Events Center, Des Moines, Iowa, July 20–22, 2026. For more information, visit: www.ever.ag/everett
ABOUT EVER.AG
Ever.Ag is a leading provider of innovative AgTech solutions and services that connect and empower the entire agricultural supply chain, from farm to consumer. With a deep commitment to advancing how agriculture works, Ever.Ag delivers market intelligence, risk management, and cutting-edge software that enable smarter, more sustainable operations across dairy, livestock, crops, and agribusiness sectors. Backed by decades of experience and a passion for industry innovation, Ever.Ag helps producers, processors, and partners make data-driven decisions, improve efficiency, and feed a growing world with confidence.
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SOURCE Ever.Ag
Technology
Replenish Nutrients Announces Strategic Relationship with SRC Agrominerals, including $15 Million Strategic Investment, Beiseker Facility Expansion and Supply Agreement
Published
40 minutes agoon
July 20, 2026By
OKOTOKS, AB, July 20, 2026 /CNW/ — Replenish Nutrients Holding Corp. (CSE: ERTH) (OTC: VVIVF) (“Replenish” or the “Company”) is pleased to announce that it has entered into a securities purchase agreement (the “Investment Agreement”) dated July 17, 2026 with SRC Agrominerals (“SRC”) to support and accelerate Replenish’s near-term growth, including an expansion of the Beiseker facility (the “Beiseker Pelletization Expansion”). Additionally, Mr. Tim Close, the CEO of SRC, and Dr. David Morris, the founder and chairman of Morris Group Canada will join Replenish’s Board of Directors as a director and board advisor, respectively, with Dr. Morris being put forth as a director at Replenish’s next annual shareholder meeting.
Pursuant to the Investment Agreement, SRC will (a) subscribe for 50 million units of the Company (the “Units”) at a price of $0.15 per Unit for gross proceeds of $7.5 million (the “Equity Investment”), each Unit will consist of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”), each Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.225 for a period of four years from closing, and (b) purchase a senior secured (second lien) convertible debenture (the “Debenture”) in an aggregate principal amount of $7.5 million (the “Debenture Investment”, and together with the Equity Investment, the “Strategic Investment”). The Debenture will bear fixed interest of 10% per annum, payable quarterly, in cash or Common Shares at the Company’s election, will mature four years from closing, and will be convertible into Common Shares at a price of $0.225 per Common Share.
As part of the Strategic Investment, the parties will enter into a supply agreement (the “Supply Agreement”) for the supply and delivery to Replenish of carbonatite, a calcium, phosphorus, trace-mineral and microbial-rich resource used for its soil-enhancing properties, and an investor rights agreement (the “Investor Rights Agreement”), as described below.
Highlights:
SRC will take an initial 19.9% interest (non-diluted) in Replenish through the $7.5 million Equity Investment, providing Replenish access to key growth capital and a long-term strategic partner.Each Unit includes one-half of a Warrant – 25 million Warrants in aggregate – exercisable at $0.225 for four years from closing, subject to an acceleration provision if the Common Shares trade at or above $0.28 for twenty consecutive trading days, representing potential additional proceeds to the Company of up to approximately $5.63 million for future growth.SRC will invest $7.5 million, pursuant to the Debenture Investment, representing flexible and cost-effective capital during a period of rapid expansion.Aggregate investment proceeds will support a separate 150,000 metric tonne pelletizing facility at the Company’s existing Beiseker property, along with additional storage, load-out and processing infrastructure supporting the existing Beiseker granulation facility and the new Beiseker Pelletization Expansion.The Supply Agreement provides a long-term supply of carbonatite to be incorporated into Replenish’s proprietary regenerative fertilizer products, securing a key input that enhances Replenish’s product line.In connection with the Strategic Investment, Tim Close, CEO of SRC Agrominerals, will be appointed to the Replenish board. Mr. Close brings significant leadership and expertise across capital markets, corporate strategy, operational execution and commercial governance. Mr. Close previously served as CEO of Ag Growth International (“AGI”), a large, publicly traded global leader in storage, handling and blending equipment for the fertilizer, seed, grain and food-processing sectors. During his 10-year tenure, Mr. Close led AGI’s transformation from a regional provider of grain-handling equipment into a global leader in food infrastructure, with revenue growing fivefold during that span. He built and led a high-performing team, strengthened operational execution and advanced the company’s global growth strategy, including overseeing the deployment of more than $700 million of capital across 19 strategic transactions. Dr. David Morris, Director of SRC Agrominerals, will also join the Replenish board as an advisor and will be put forward as a director at Replenish’s next annual shareholder meeting. Dr. Morris is the founder and former Chairman of Morris Group Canada Inc., which provided innovative solutions for the construction and resource sectors across Canada and South America, including modular construction, workforce housing, site services, labour management, and safety training. Dr. Morris brings deep operational expertise at a time when Replenish is moving into significant operational and commercial expansion.
CEO Commentary
Neil Wiens, CEO, Replenish Nutrients
“This strategic relationship marks a pivotal step in Replenish’s growth strategy,” said Neil Wiens, CEO of Replenish Nutrients. “SRC’s investment gives us the capital to accelerate our Beiseker pelletizing expansion, while our new supply agreement gives Replenish access to a key input for our regenerative fertilizer platform. Beyond the capital, we’re gaining a strategic partner in Tim, David and the SRC team, whose operational and capital markets experience will be a significant asset to Replenish as we scale.”
Tim Close, CEO, SRC Agrominerals
“Replenish has built a capital-efficient, scalable platform for regenerative fertilizer production, and this investment reflects our confidence in their team and their growth trajectory,” said Tim Close, CEO of SRC Agrominerals. “Pairing Replenish’s manufacturing and distribution capabilities with SRC’s carbonatite reserves creates a compelling opportunity to bring the proven soil health benefits of Spanish River Carbonatite to growers across North America. I look forward to joining the Replenish board and supporting the Company through its next phase of growth.”
Beiseker Pelletization Expansion & Facility Pipeline
The planned owned Beiseker Pelletization Expansion will consist of a separate 150,000 metric tonne pelletizing facility, along with additional storage, load-out and processing infrastructure supporting the existing Beiseker granulation facility and the new Beiseker Pelletization Expansion. The Beiseker Pelletization Expansion is expected to be completed by the first quarter of 2028.
The Company expects annualized production from its existing owned and licensed facilities is made up of the following:
Owned Beiseker granulation facility: 24,000 metric tonnesOwned Beiseker colony pelletization facility: 12,000 metric tonnesLicensed Farmers Union Enterprises (FUE) pelletization facility: 100,000 metric tonnesLicensed MJ Ag pelletization facility: 10,000 metric tonnes
The Beiseker Pelletization Expansion will be on the same site as the Company’s existing Beiseker granulation facility and will have no impact to the current production from the Beiseker granulation facility. Upon completion of the new Beiseker Pelletization Expansion, both facilities will benefit from additional shared storage, processing and load-out infrastructure. These capacity estimates have been prepared by management in good faith based on information available to management as of the date hereof and actual results may differ from these expectations.
Consistent with previous guidance, the Company expects gross margins of the new Beiseker Pelletization Expansion to be 25% to 35%. Replenish expects the new pelletization facility to be completed in the first quarter of 2028.
Strategic Investment
Equity Investment – SRC will subscribe for 50 million Units at a price of $0.15 per Unit for gross proceeds of $7.5 million, each Unit will consist of one Common Share and one-half of one Warrant. Each Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.225 for a period of four years from closing of the Equity Investment, subject to an acceleration provision if the Company’s common shares trade at or above $0.28 for twenty consecutive trading days, in accordance with the terms of the warrant certificate governing the Warrants.
Debenture Investment – SRC will also purchase the Debenture in an aggregate principal amount of $7.5 million. The Debenture will bear fixed interest of 10% per annum, payable quarterly, in cash or Common Shares at the Company’s election, will mature four years from closing of the Debenture Investment, and will be convertible into Common Shares at a price of $0.225 per Common Share.
Proceeds from the Strategic Investment shall be applied to the Beiseker Pelletization Expansion, which is expected to be completed in the first quarter of 2028, working capital, inventory purchases, debt repayment, and general corporate purposes.
Closing of the Equity Investment is expected to occur on or about July 24, 2026 and closing of the Debenture Investment is expected to occur on or about August 14, 2026. In accordance with applicable securities laws, the Units and the Debenture will be subject to a hold period expiring four months and one day following the date of issuance. Closing of the Equity Investment and the Debenture Investment is subject to certain customary conditions, including the receipt of all necessary consents, regulatory approvals and the approval of the Canadian Securities Exchange.
Supply Agreement
On closing of the Equity Investment, Replenish and SRC will enter into the Supply Agreement for the supply and delivery to Replenish of carbonatite, a calcium, phosphorus, trace-mineral and microbial-rich resource used for its soil-enhancing properties. Pursuant to the Supply Agreement, Replenish has agreed to purchase a minimum specified quantity per year of carbonatite over a 10-year period, and has agreed to ensure its products contain a minimum specified percentage of carbonatite, subject to product efficacy optimization. Payment terms for the initial volumes are $1 million upon execution of the Supply Agreement.
About Carbonatite
Carbonatite is a carbonate-rich igneous rock formed from volcanic activity. The Spanish River deposit is distinguished by high concentrations of loosely bonded calcium, phosphorus, potassium, and magnesium, along with trace rare earth elements — and, notably, without the radioactive or toxic heavy metals found in many other carbonatite deposits worldwide.
What makes the mineral agriculturally valuable is its reactivity: its fragile primary mineral structure breaks down quickly once applied to soil, releasing nutrients directly into the root zone rather than remaining chemically locked in rock. In its natural setting, this process has visibly transformed the surrounding landscape — the deposit has saturated the local water table with calcium, phosphorus, and potassium, producing decades of exceptional forest growth around the site.
That same effect has been documented repeatedly in independent and field research. A Wilfrid Laurier University study1 found that SRC raises and stabilizes soil pH, more than doubles beneficial soil microbe populations, supports mycorrhizal fungi, and increases seed weight and crop yield at recommended application rates. Trials2 on wheat, soybeans, and cucumbers have shown statistically significant gains in root and shoot biomass, and soybean trials recorded a marked increase in nitrogen-fixing root nodules. In a multi-year Norfolk Soil and Crop Improvement Association trial3 on asparagus, SRC-treated plots produced 75% greater root mass, brix (sugar/nutrient) readings nearly double the control plots (12–13% vs. 7–8%), and a 10%+ yield increase — with no supplemental fertilizer. A test plot4 at Kerr Farms in Chatham, Ontario, a carbonatite application suppressed aluminum toxicity in soil by 78% while increasing plant calcium uptake by over 200% within five weeks, alongside improved crop density, weed suppression, and overall soil tilth and microbial activity.
Collectively, this body of evidence positions carbonatite as a natural, reactive mineral platform for regenerative soil fertility — restoring soil chemistry, rebuilding microbial ecosystems, and improving nutrient uptake without reliance on synthetic inputs.
Investor Rights Agreement
On closing of the Equity Investment, Replenish and SRC will enter into the Investor Rights Agreement. Pursuant to the Investor Rights Agreement, SRC will have the right to nominate one director to Replenish’s board of directors and the right to participate in future equity issuances of the Company to maintain SRC’s pro rata equity interest on the terms set out in the Investor Rights Agreement. Following closing of the Debenture Investment, SRC will have the right to nominate two directors to Replenish’s board of directors.
Following the closing of the Equity Investment, SRC CEO, Tim Close, will join Replenish’s board of directors, and SRC Director, Dr. David Morris, will join the Replenish board as an advisor until he is put forward as a director at Replenish’s next annual shareholder meeting.
About SRC Agrominerals
SRC is a privately-owned Canadian company and the owner of Spanish River Carbonatite reserves — a mineral deposit located outside of Sudbury, Ontario. SRC has spent 15 years commercializing the deposit, with its flagship product — Spanish River Carbonatite (SRC) — now OMRI and ProCert-listed for organic use and applied across hundreds of thousands of acres in row crops, vegetables, fruit, vineyards, landscaping, and environmental remediation.
About Replenish Nutrients
Replenish Nutrients manufactures and sells proprietary fertilizer products containing essential macro and micro nutrients and biological material while using a proprietary zero-waste manufacturing process. Replenish Nutrients is a wholly-owned subsidiary of Replenish Nutrients Holding Corp. (CSE: ERTH) (OTC: VVIVF). To learn more about Replenish visit our website at www.replenishnutrients.com.
For additional information, please contact:
Replenish Nutrients Investor Relations
Email: info@replenishnutrients.com
Sophic Capital
Sean Peasgood
Email: sean@sophiccapital.com
Notes
The fact sheets for carbonatite can be viewed here:
(1)
srcagrominerals.ca/fact-sheets
(2)
srcagrominerals.ca/a%26l-biological-report
(3)
srcagrominerals.ca/fact-sheets
(4)
srcagrominerals.ca/fact-sheets
Cautionary Note Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding: the completion, timing and terms of the $15 million Strategic Investment by SRC, including the closing of the $7.5 million Equity Investment and the $7.5 million Debenture Investment on or about July 24, 2026 and August 14, 2026, respectively, and the conditions to such closings, including the receipt of all necessary consents and regulatory approvals, including the approval of the Canadian Securities Exchange; the potential exercise of the Warrants, including the anticipated additional proceeds to the Company of up to approximately $5.63 million; the anticipated use of proceeds from the Strategic Investment, including the Beiseker Pelletization Expansion, working capital, inventory purchases, debt repayment and general corporate purposes; the anticipated timing for completion of the Beiseker Pelletization Expansion, its expected annual production capacity of 150,000 metric tonnes, and its expected gross margins of approximately 25% to 35%; the anticipated appointment of Tim Close and Dr. David Morris to the Replenish board of directors, the timing of those appointments, and the anticipated benefits of SRC’s board representation and governance rights, including SRC’s right under the Investor Rights Agreement to nominate two directors and to participate in future equity issuances to maintain its pro rata equity interest; the terms, duration and anticipated benefits of the 10-year Supply Agreement with SRC, including the incorporation of carbonatite into Replenish’s regenerative fertilizer products; the anticipated agronomic, soil health, crop yield and product-differentiation benefits of incorporating carbonatite into Replenish’s products, including as referenced in third-party research and field trial results; SRC’s initial 19.9% (non-diluted) equity interest in the Company and the potential for further dilution to existing shareholders; and the Company’s plans and opportunity to build a scalable regenerative fertilizer platform through strategic partnerships of this kind.
Forward-looking information is based on the beliefs, estimates and opinions of management as of the date such statements are made and involves a number of assumptions, including: the Strategic Investment will close on the anticipated terms and timing; all required regulatory and exchange approvals will be obtained; the Investor will fulfill its subscription and funding commitments; the Beiseker Pelletization Expansion will be completed on time; anticipated production capacity and gross margins will be achieved; the Supply Agreement will be executed and performed as contemplated; the anticipated agronomic and product benefits will be realized; key personnel will be appointed to the board of directors as expected; and the Company will have sufficient working capital to execute its growth plans.
These forward-looking statements also involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information, including, but not limited to: risks that the Strategic Investment does not close on the anticipated terms, timing, or at all, or that one or both tranches fail to close; risks related to shareholder and regulatory (including CSE) approval of the transaction; dilution to existing shareholders from the Equity Investment, Warrant exercise, and Debenture conversion; risks that the anticipated board appointments do not occur as contemplated or that governance changes affect the Company’s strategic direction; risks that the Supply Agreement does not deliver the anticipated commercial or product benefits, or that SRC is unable to fulfill its supply obligations; risks associated with reliance on a single or limited number of suppliers of carbonatite; risks that the anticipated agronomic, soil health, or product-differentiation benefits of carbonatite are not realized or cannot be substantiated, including because such benefits are based in part on third-party research not independently verified by the Company; risks associated with the commissioning, construction and ramp-up of the Beiseker Pelletization Expansion, including construction delays or cost overruns; risks that anticipated timelines, production volumes, or gross margins for the Beiseker Pelletization Expansion are not achieved; risks related to fertilizer commodity pricing and demand; risks related to the Company’s ability to raise additional capital and to maintain or expand its credit facilities; risks related to the Company’s going concern status; general business, economic, competitive, geopolitical and social uncertainties; regulatory risks; and the other risk factors disclosed in the Company’s public disclosure, which can be found under the Company’s profile on SEDAR+ at www.sedarplus.ca. Readers are cautioned that the foregoing list of risk factors is not exhaustive.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
Certain information contained in this press release regarding carbonatite, including statements regarding its composition, properties, agronomic benefits and referenced research and field trial results, has been obtained from third-party sources believed by the Company to be reliable. While such information is believed to be accurate, it has not been independently verified by the Company, and neither the Company nor its officers or directors makes any representation as to the accuracy or completeness of such third-party information.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Replenish Nutrients Holding Corp.
Technology
HomeWAV Launches Exclusive Staff-to-Inmate Messaging™ Feature for Correctional Facilities
Published
40 minutes agoon
July 20, 2026By
New solution enables staff instant two-way communication to reach inmates
ST. LOUIS, July 20, 2026 /PRNewswire/ — HomeWAV, the leader in simple, secure inmate communication and technology solutions, is proud to announce the launch of Staff-to-Inmate Messaging™, a groundbreaking, exclusive new product feature that gives correctional facilities a powerful new way to communicate directly with inmates, streamlining operations while improving visibility, accountability, and information delivery across the facility.
Staff-to-Inmate Messaging™ gives facility staff a secure, instant way to send text-based messages directly to inmates. While Forms provides a valuable, guided outlet for inmates to submit the right information to staff, it does not allow staff to initiate those communication threads when outreach is needed. Staff-to-Inmate Messaging™ fills that gap while creating guardrails that help staff confirm inmates have reviewed a message and prevent teams from being inundated with unnecessary replies.
“As we invested in strengthening our Forms platform, we continually looked for ways our system could better support administrators throughout their daily operations where every minute matters,” said Andrew Lewis, Senior Director of Product at HomeWAV. “Through that process, we identified a need for a faster, more efficient way for staff to initiate communication. Staff-to-Inmate Messaging™ transforms routine communication from a manual process into a secure, text-based conversation, allowing facilities to communicate with individuals or groups in seconds while maintaining the visibility and controls required in a correctional environment.”
Launching in a phased approach, Staff-to-Inmate Messaging™ will be available on both HomeWAV kiosks and tablets. This exclusive feature gives facilities an innovative, purpose-built product capability competitors do not offer, helping staff quickly share housing changes, program schedules, facility-wide announcements, and other critical updates without relying on time-consuming in-person communication.
Staff-to-Inmate Messaging™ empowers facilities to:
Deliver secure messages to individual inmates, specific PODs, or the entire facility in secondsReduce staff time spent communicating routine announcements and operational updatesMaintain a centralized, trackable record of communications for greater visibility and accountabilityRequire inmate acknowledgment for critical messages when confirmation is neededControl inmate response permissions based on facility policies and operational requirementsImprove coordination across shifts, departments, and housing units
The launch of Staff-to-Inmate Messaging™ reinforces HomeWAV’s commitment to developing innovative technology that helps correctional facilities operate more efficiently, communicate more effectively, and maintain safer, better-connected environments for staff and inmates alike.
Current HomeWAV facility partners interested in enabling Staff-to-Inmate Messaging™ should contact their dedicated Regional Operations Manager to learn more. Correctional facilities interested in HomeWAV’s communication and technology solutions can visit https://www.homewav.com/corrections/contact-homewav/ for additional information.
About HomeWAV
Founded in 2011, HomeWAV LLC has remained the industry leader in providing simple, secure inmate communication and technology solutions to correctional facilities across the country. Headquartered in St. Louis, Missouri, HomeWAV’s all‑in-one patented platform offers video and voice calling, secure messaging, investigative tools, background filtering, tablet‑based access to education, entertainment, reentry resources, and more. Serving facilities in over 30 states, HomeWAV supports millions of users nationwide and reinvests in its purpose-built technology, upholding its pillars of Integrity, Innovation, and Impact to keep facilities safe and communities connected. For more information, visit HomeWAV at www.homewav.com and on LinkedIn and Facebook.
Media Contact:
Amanda Jasper
View original content to download multimedia:https://www.prnewswire.com/news-releases/homewav-launches-exclusive-staff-to-inmate-messaging-feature-for-correctional-facilities-302827607.html
SOURCE HomeWAV
Ever.Ag Advances Everett, Its Ag Decision Engine, to Agribusiness
Replenish Nutrients Announces Strategic Relationship with SRC Agrominerals, including $15 Million Strategic Investment, Beiseker Facility Expansion and Supply Agreement
HomeWAV Launches Exclusive Staff-to-Inmate Messaging™ Feature for Correctional Facilities
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