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.
特朗普媒体科技集团(纳斯达克股票代码：DJT)周二公布了第一季度财报，成为市场关注的焦点。
发生了什么：根据Benzinga Pro的数据，周一收盘后，前总统唐纳德·特朗普的Truth Social背后的公司特朗普媒体公布的第一季度收入为770,500美元，而分析师的估计为112万美元。该公司还报告了每股3.61美元的季度亏损。
特朗普媒体表示，截至3月31日，其现金及现金等价物余额为2.737亿美元。该公司指出，它认为自己有足够的营运资金为可预见的将来的运营提供资金。
特朗普媒体首席执行官Devin Nunes表示：“经过前所未有的长达数年的过程，我们已经完成了合并，免除了与合并相关的大量费用，使公司资本充足，并得到了大批散户股东的支持，他们相信我们的使命是提供一个反对大型科技公司审查的言论自由滩头堡。”
“在这个早期阶段，TMTG处于有利地位，可以快速发展并完成我们的使命。我们的积极营运资金使我们能够探索和实施各种举措和创新，以建立Truth Social平台，包括潜在的并购活动。”
特朗普媒体强调了其超过62.1万名投资者的股东基础，其中包括绝大多数散户投资者。
特朗普媒体表示，它仍然专注于长期产品开发，而不是季度收入。通过为Truth Social添加功能，推出电视直播并建立其生态系统，该公司的目标是开发一系列可用于增加收入和推动长期价值的产品。
特朗普媒体还指出，它已经完成了新的直播电视平台的研发阶段，并将开始扩大自己的内容交付网络。
Nunes说：“我们特别高兴通过开发自己的内容交付网络来推进电视直播，我们相信这将是该平台的重大改进。”
DJT价格走势：根据Benzinga Pro的数据，特朗普媒体的股价在发布时上涨了0.53％，至48.64美元。
照片：Shutterstock。
