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Dex Media (DXM)

  • Thu, Mar. 26, 3:19 PM
    • Today's notable tech gainers include ultracapacitor maker Maxwell (MXWL +4.6%), SMB Web services firm (WWWW +3.7%), health site owner WebMD (WBMD +3.7%), and RF chipmaker Anadigics (ANAD +11.3%).
    • Notable decliners include NAND flash controller/4G transceiver maker Silicon Motion (SIMO -4%), hybrid storage array vendor Nimble Storage (NMBL -3.8%), local ad services provider Dex Media (DXM -8.5%). The Nasdaq is down 0.2%.
    • Maxwell's gains come a day after the company announced an ultracapacitor-based engine start module will be offered for two new Kenworth trucks. Silicon Motion has joined a slew of other chip stocks in selling off for the second day in a row. Nimble is trading near its January lows, while Dex has made fresh 52-week lows.
    • Previously covered: Cybersecurity stocks, SolarEdge, Infinera, Accenture, SuperCom, Neustar, Textura, ASML, GoPro, SanDisk, Red Hat
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  • Mon, Mar. 16, 6:55 PM
    • Media listings firm Dex Media (NASDAQ:DXM) says it's sold off its car site to a private LLC taking the site's name.
    •, the company, is backed by auto veteran Tim Gamwell (its new CEO) and a private financier.
    • Terms were undisclosed, but the transfer of assets is effective now.
    • Today: DXM -4.2%; the stock is down 43.4% YTD.
  • Thu, Mar. 12, 8:57 AM
    • Dex Media (NASDAQ:DXM) is off 7.7% premarket as it finishes its first full year as the combined Dex One/SuperMedia with a $145M Q4 loss.
    • The company, which offers local business marketing via websites and Yellow Pages ads, grew revenue slightly despite a heavy decline in print ad sales.
    • Ad sales overall were down 16.7% Y/Y (Print products sales -24.5%; Digital sales, +4.8%).
    • For the full year, losses narrowed to $371M from the prior $819M, helped by a 9.2% increase in digital ad sales growth.
    • Free cash flow of $370M for the year, which ended with a cash balance of $171M.
    • Conference call at 10 a.m. ET.
    • The shares touched their 52-week lows yesterday and closed at $5.96.
    • Press release
  • Mon, Feb. 9, 12:48 PM
    • Dex Media (DXM +7.4%) is bouncing, now up 8.7% from recent lows a week ago, and up 20.5% from its 52-week low.
    • The company reports Q4 earnings premarket March 12; For Q3, the company reported adjusted EBITDA of $167M (on a 36.9% margin) and a GAAP net loss of $59M.
    • For the nine months ended in Q3, the firm had retired $314M of bank debt and grew digital ad sales by 10.9%.
  • Fri, Jan. 30, 6:41 PM
    • Dex Media (NASDAQ:DXM) fell 7% in trading today, hitting levels last seen in April. Shares fell 24% over the whole of January.
    • Earlier today, Dex filed a Q4 report for one-time merger partner SuperMedia, done to comply with the reporting requirements of the Delaware court that handled Dex/SuperMedia's 2013 Chap. 11 filing. The report states SuperMedia had cash/equivalents of $64.7M at the end of December, $270.4M in cash available, and $2.49B in notes receivable.
  • Dec. 11, 2014, 12:47 PM
    • Dex Media (NASDAQ:DXM) plans "workforce reductions and job reassignments through 2015 that will impact approximately 1,000 employees or 25% of the company's employee base, including 350 field sales representatives."
    • The company expects restructuring costs of $70M-$100M, and to eventually achieve cost savings of $130M-$150M/year ($90M-$110M/year within 2015). In addition, management "expects to identify further expense reductions in 2016 and beyond."
    • Dex, which had $2.4B in debt at the end of Q3, says it now "expects to begin deleveraging." It also plans to overhaul its sales ops - among other things, a "virtual sales office" will be created, sales processes will be automated, and a management layer will be eliminated - and introduce a slew of product changes meant to boost ad sales.
    • The shakeup comes two months after Joe Walsh was named CEO.
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  • Nov. 5, 2014, 12:27 PM
    • Dex Media (NASDAQ:DXM) is up sharply a day after posting Q3 results and announcing a huge management shakeup that included a CFO change.
    • On a merger-adjusted basis, Dex's ad revenue fell 12.5% Y/Y in Q3 - print revenue fell 22.2%, and digital revenue grew 10.3%. Adjusted EBITDA margin fell to 36.9% from 40.4% a year ago.
    • $314M in bank debt was retired in Q3. Dex ended Q3 with $2.4B in debt, and $145M in cash.
    • The company's Q3 10-Q was posted this morning.
  • Jul. 1, 2014, 5:36 PM
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  • May. 6, 2014, 12:45 PM
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  • Mar. 13, 2014, 12:48 PM
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  • Nov. 21, 2013, 2:53 PM
    • Dex Media (DXM +28.5%) soars after SA Pro's Wavelength Asset Management spots multi-bagger potential in the beaten-down shares as it transitions from traditional print to a multi-platform strategy, and uses its heavy free cash flow to pay down debt. Don't be fooled by GAAP EPS as amortization of intangibles from the SuperMedia merger masks true profitability. The article is embargoed for a few more minutes.
    • SAExploration (SAEX +6.9%) pops higher after SA Pro's Carbondale Capital says the recent heavy decline in the stock offers investors a great opportunity to get in below the price at which moneymakers Eric Rosenfeld and Joel Greenblatt added to their already large stakes. The article is embargoed until tomorrow afternoon.
  • Nov. 15, 2013, 12:45 PM
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  • Nov. 5, 2013, 12:46 PM
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  • Oct. 3, 2013, 1:16 PM
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  • Aug. 12, 2013, 12:59 PM
    • Top 10 gainers: PTIX +47%. CNYD +46%. MCOX +32%. GALT +26%. PLCC +18%. CARV +15%. RGDX +13%. SSRI +13%. NOAH +13%. GURE +12%.
    • Top 10 Losers: ECTY -77%. VICL -56%. GRH -29%. INO -17%. CREG -17%. ALTV -15%. OCRX -14%. MKTY.PK -12%. DXM -12%. NYNY -11%.
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  • Mar. 18, 2013, 9:11 AM
    Shares of SuperMedia (SPMD) fall 12.5% premarket after the company files a "pre-packaged" bankruptcy filing in a desperate gambit to save its merger with Dex One. DEXO -5.3%.
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Company Description
Dex Media Inc is a provider of local marketing solutions that include websites, print, mobile, search engine and social media solutions for local businesses. The Company's brands include Dex One and SuperMedia.