Trump Media & Technology Group Corp (NASDAQ:DJT) shares are in the spotlight Tuesday on the heels of the company's first-quarter financial results.
What Happened: After the market close on Monday, Trump Media, the company behind former President Donald Trump's Truth Social, reported first-quarter revenue of $770,500 versus analyst estimates of $1.12 million, according to Benzinga Pro. The company also reported a quarterly loss of $3.61 per share.
Trump Media said it had a cash and cash equivalents balance of $273.7 million as of March 31. The company noted that it believes it has sufficient working capital to fund operations for the foreseeable future.
"After an unprecedented, years-long process, we have consummated our merger and dispensed with the vast bulk of merger-related expenses, leaving the Company well-capitalized and supported by a legion of retail shareholders who believe in our mission to provide a free-speech beachhead against Big Tech censorship," said Devin Nunes, CEO of Trump Media.
"TMTG is well-positioned at this early stage to grow quickly and fulfill our mission. Our positive working capital allows us to explore and pursue a wide array of initiatives and innovations to build out the Truth Social platform including potential mergers and acquisitions activities."
Trump Media highlighted its shareholder base of over 621,000 investors, which consists of a vast majority of retail investors.
Trump Media said it remains focused on long-term product development, rather than quarterly revenue. By adding features to Truth Social, launching live TV streaming and building out its ecosystem, the company aims to develop a slate of products that can be leveraged to increase revenue and drive long-term value.
Trump Media also noted that it has completed the research and development phase of its new live TV streaming platform and will begin scaling up its own content delivery network.
"We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform," Nunes said.
DJT Price Action: Trump Media shares were up 0.53% at $48.64 at the time of publication, according to Benzinga Pro.
Photo: Shutterstock.
特朗普媒體科技集團(納斯達克股票代碼：DJT)週二公佈了第一季度業績，成爲市場關注的焦點。
發生了什麼：根據Benzinga Pro的數據，週一收盤後，前總統唐納德·特朗普的Truth Social背後的公司特朗普媒體公佈的第一季度收入爲770,500美元，而分析師的估計爲112萬美元。該公司還報告了每股3.61美元的季度虧損。
特朗普媒體表示，截至3月31日，其現金及現金等價物餘額爲2.737億美元。該公司指出，它認爲自己有足夠的營運資金爲可預見的將來的運營提供資金。
特朗普媒體首席執行官Devin Nunes表示：“經過前所未有的長達數年的過程，我們已經完成了合併，免除了與合併相關的大量費用，使公司資本充足，並得到了大批散戶股東的支持，他們相信我們的使命是提供一個反對大型科技公司審查的言論自由灘頭堡。”
“在這個早期階段，TMTG處於有利地位，可以快速發展並完成我們的使命。我們的積極營運資金使我們能夠探索和實施各種舉措和創新，以建立Truth Social平台，包括潛在的併購活動。”
特朗普媒體強調了其超過62.1萬名投資者的股東基礎，其中包括絕大多數散戶投資者。
特朗普媒體表示，它仍然專注於長期產品開發，而不是季度收入。通過爲Truth Social添加功能，推出電視直播並建立其生態系統，該公司的目標是開發一系列可用於增加收入和推動長期價值的產品。
特朗普媒體還指出，它已經完成了新的直播電視平台的研發階段，並將開始擴大自己的內容交付網絡。
Nunes說：“我們特別高興通過開發自己的內容交付網絡來推進電視直播，我們相信這將是該平台的重大改進。”
DJT價格走勢：根據Benzinga Pro的數據，特朗普媒體的股價在發佈時上漲了0.53％，至48.64美元。
照片：Shutterstock。
