Trump Media & Technology (DJT), the parent company of Truth Social, reported another quarterly loss with revenue falling short of $1 million once again. Despite this, the DJT stock experienced a slight rise after the markets closed. Majority owned by former President Donald Trump, Trump Media reported an adjusted EBITDA loss of $12.1 million, with a significant portion of that attributed to one-time payments related to the closing of its SPAC merger with Digital World Acquisition Corp. Revenue for the company was just $770,500, marking the second consecutive quarter below $1 million.

The company also reported a GAAP loss of $327.6 million, reflecting non-cash expenses of $311 million from converting promissory notes and eliminating previous liabilities. Despite these losses, Trump Media believes it has sufficient working capital to fund operations for the foreseeable future.

In terms of stock performance, Trump Media stock saw a slight increase in overnight trading. However, shares have experienced a 5% decline to 48.38, marking the fourth consecutive drop. The DJT stock reached 79.38 in late March after its post-SPAC debut but quickly fell to 22.55 by April 16 before seeing some recovery. For more stock market updates and information, you can follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD\_ECarson.

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Trump Media & Technology (DJT) recently reported another quarterly loss with revenue falling short of $1 million once again despite this setback; the DJT stock experienced a slight rise after markets closed due to majority ownership by former President Donald Trump.

The company also reported an adjusted EBITDA loss of $12.1 million due to one-time payments related to its SPAC merger with Digital World Acquisition Corp., while revenue was just $770,500.

Furthermore, Trump Media recorded a GAAP loss of $327.6 million due to non-cash expenses such as converting promissory notes and eliminating previous liabilities.

Despite these losses, Trump Media believes it has sufficient working capital to fund operations for the foreseeable future.

In terms of stock performance, Trump Media stocks saw a slight increase in overnight trading before declining by 5% over four consecutive drops.

After reaching 79