Noteworthy Stock: Daseke, Inc. (NASDAQ: DSKE)

On Tuesday, Daseke, Inc. (NASDAQ: DSKE) oscillated between $5.09 and $5.17 before concluding trading period lower/higher -0.97% at $5.09. The stock recorded total trading quantity of 123,227 shares as compared to its average volume of 304,601 shares. The firm has a total market worth of $304.6k and $328.281M shares remain outstanding.

Daseke, Inc. (DSKE) recently stated financial results for the fourth quarter and full year ended December 31, 2018, and reaffirmed its 2019 financial outlook.

Fourth Quarter 2018 Summary vs. Fourth Quarter 2017

  • Revenue raised 74% to a record $447.0M (up 13% on an Acquisition Adjusted1basis).
  • Net loss was $20.1M, or $0.31 per share, basic and diluted ($0.33 net loss per share attributable to ordinary stockholders, basic and diluted), contrast to net income of $38.8M, or $0.84 basic and $0.64 diluted per share ($0.82 basic and $0.62 diluted net income per share attributable to ordinary stockholders).
  • Adjusted Net Income2 for the fourth quarter 2018 was $3.4M, or $0.05 per share, contrast to Adjusted Net Loss2 of $2.4M, or $0.05 per share.
  • Adjusted EBITDA3 raised 73% to $39.9M (Acquisition Adjusted EBITDA1,3 up 7%). This represents the fifth consecutive quarter that year-over-year Adjusted EBITDA3growth has exceeded 50%.

Full Year 2018 Summary vs. Full Year 2017

  • Revenue raised 91% to a record $1.6B (up 14% on an Acquisition Adjusted1 basis).
  • Net loss was $5.2M, or $0.08 per share, basic and diluted ($0.16 net loss per share attributable to ordinary stockholders basic and diluted), contrast to net income of $27.0M, or $0.72 basic and $0.68 diluted per share ($0.59 basic and $0.56 diluted net income per share attributable to ordinary stockholders).
  • Adjusted Net Income2 for 2018 was $39.5M, or $0.64 per share, contrast to Adjusted Net Income2 of $1.4M, or $0.04 per share.
  • Adjusted EBITDA3 raised 90% to $174.3M (Acquisition Adjusted EBITDA1,3 up 14%).

Fourth Quarter 2018 Financial Results

Revenue in the fourth quarter of 2018 raised 74% to $447.0M contrast to $257.2M in the year-before quarter. The raise was largely driven by four acquisitions made in 2018 and strong organic growth, with revenue on an Acquisition Adjusted1 basis up 13%.

Operating loss in the fourth quarter of 2018 was $8.3M contrast to a loss of $2.3M in the year-before quarter. Included in operating expenses for the fourth quarter of 2018 is $7.7M of depreciation expense related to the net impact of the step-up in basis of purchased assets, $4.5M for the amortization of intangibles and $11.1M for the write-down of goodwill, for a total non-cash impact of $23.3M.

Net loss for the fourth quarter of 2018 was $20.1M, or $0.31 per share, contrast to net income of $38.8M, or $0.84 per share, in the year-before quarter. Adjusted Net Income2, which is adjusted for acquisition or business combination related transaction expenses, non-cash asset impairments, amortization of intangible assets, the net impact of step-up in basis of purchased assets and the impact of the Tax Cuts and Jobs Act, was $3.4M, contrast to an Adjusted Net Loss2 of $1.4M in the fourth quarter of 2017.

Quick ratio for most recent quarter was 1.30 while current ratio for time period was 1.30. In most recent quarter, LT Debt/Equity ratio was listed at 1.69 and Total Debt/Equity ratio was noted at 1.87.

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