- With another late fall-off, Dex Media (DXM) is sinking yet again, -22.8% in the wake of this morning's earnings, where revenues fell another 18% Y/Y and it posted net losses of $42M, bringing the YTD loss to $101M.
- Print ad sales (down 22.8%) and digital ad sales (down 22.1%) contributed fairly equally to the sales decline. The spring has meant turmoil in the sales organization after its chief revenue officer resigned in early May.
- The company's under a delisting threat after Nasdaq gave it 180 days to reach and hold $15M in market value. Dex's market cap has fallen to $6.3M today.
- Press Release