Trump Media & Technology (DJT), parent of Truth Social, reported another quarterly loss while revenue once again failed to hit $1 million. DJT stock rose slightly after the close.

X

Majority owned by former President Donald Trump, Trump Media reported an adjusted EBITDA loss of $12.1 million, with just over half of that one-time payments related to the closing of its SPAC merger with Digital World Acquisition Corp.

Revenue was just $770,500, the second straight quarter below $1 million.

Trump Media reported a GAAP loss of $327.6 million. That was largely due to $311 million in non-cash expenses from converting promissory notes and eliminating previous liabilities.

The company believes it has “sufficient working capital to fund operations for the foreseeable future.”

Donald Trump Stock

Trump Media stock rose a fraction in overnight action. Shares fell 5% to 48.38, its fourth straight decline. DJT stock hit 79.38 in late March, following its post-SPAC debut. The Donald Trump stock quickly tumbled to 22.55 by April 16 before rebounding somewhat.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

YOU MIGHT ALSO LIKE:

Best Growth Stocks To Buy And Watch

Get Full Access To IBD Stock Lists And Ratings

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today