Daily Journal Corporation publishes newspapers and websites covering in California, Arizona, and Utah. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, The Daily Transcript, Business Journal, and The Record Reporter. It also provides specialized information services; and serves as an advertising and newspaper representative for commercial and public notice advertising. In addition, the company offers case management software systems and related products, including eCourt, eProsecutor, eDefender, and eProbation, which are browser-based case processing systems; eFile, a browser-based interface that allows attorneys and the general public to electronically file documents with the court; and ePayIt, a service primarily for the online payment of traffic citations. It provides its software systems and related products for courts; prosecutor and public defender offices; probation departments; and other justice agencies, including administrative law organizations, city and county governments, and bar associations to manage cases and information electronically, to interface with other justice partners, and to extend electronic services to bar members and the public in 42 states and internationally. Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California.
IPO Year:
Exchange: NASDAQ
Website: dailyjournal.com
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LOS ANGELES, Aug. 14, 2024 (GLOBE NEWSWIRE) -- During the nine months ended June 30, 2024, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $50,058,000 as compared to $46,159,000 in the prior year period. This increase of $3,899,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $3,438,000, and other public service fees of $1,251,000, partially offset by decreased consulting fees of $1,209,000, and (ii) the Traditional Business' advertising revenues of $441,000. The Traditional Business' pretax income decreased by $711,000 to $1,601,000 from $2,312,000 in the prior fiscal year period. This decrease was primarily from
LOS ANGELES, May 14, 2024 (GLOBE NEWSWIRE) -- During the six months ended March 31, 2024, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $32,564,000 as compared to $28,455,000 in the prior year period. This increase of $4,109,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $3,337,000, and other public service fees of $904,000, partially offset by decreased consulting fees of $254,000, and (ii) the Traditional Business' advertising revenues of $209,000. The Traditional Business' pretax income decreased by $782,000 to $861,000 from $1,643,000 in the prior fiscal year period, primarily due to increased personnel costs of $
LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- During the three months ended December 31, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $15,993,000 as compared to $12,301,000 in the prior year period. This increase of $3,692,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $2,162,000, consulting fees of $980,000, and other public service fees of $450,000, and (ii) the Traditional Business' advertising revenues of $97,000. The Traditional Business' pretax income decreased by $648,000 to $287,000 from $935,000 in the prior fiscal year, primarily due to increased personnel costs of $331,000 to $2,549,000 from $2,218,
LOS ANGELES, Dec. 27, 2023 (GLOBE NEWSWIRE) -- During fiscal 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $67,709,000 as compared to $54,009,000 in the prior year. This increase of $13,700,000 was primarily from increases in (i) Journal Technologies' consulting fees of $7,911,000, license and maintenance fees of $4,311,000 and other public service fees of $1,147,000, and (ii) the Traditional Business' advertising revenues of $364,000, partially offset by a decrease in the Traditional Business' advertising service fees and other of $42,000. The Traditional Business' pretax income increased by $1,682,000 to $2,384,000 from $702,000 in the prior fiscal year,
LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) -- During the nine months ended June 30, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $46,159,000 as compared to $35,502,000 in the prior year period. This increase of $10,657,000 was primarily from increases in (i) Journal Technologies' consulting fees of $6,451,000 mainly resulting from more project go-lives (i.e. signoffs by the clients), license and maintenance fees of $3,413,000 and other public service fees of $649,000 and (ii) the Traditional Business' advertising revenues of $114,000 and circulation revenues of $27,000. The Traditional Business' pretax income increased by $870,000 to $2,31
LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- During the six months ended March 31, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $28,455,000 as compared to $22,685,000 in the prior year period. This increase of $5,770,000 was primarily from increases in (i) Journal Technologies' consulting fees of $4,325,000 mainly resulting from more project go-lives (signoffs by the clients), license and maintenance fees of $986,000 and other public service fees of $307,000 and (ii) the Traditional Business' advertising revenues of $64,000, advertising service fees and other of $64,000 and circulation revenues of $24,000. The Traditional Business' pretax income decr
LOS ANGELES, Feb. 13, 2023 (GLOBE NEWSWIRE) -- During the three months ended December 31, 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $12,301,000 as compared with $11,736,000 in the prior year period. This increase of $565,000 was primarily from increases in (i) Journal Technologies' consulting fees of $561,000 and other public service fees of $84,000 and (ii) the Traditional Business' advertising service fees and other of $28,000, partially offset by decreases in (i) Journal Technologies' license and maintenance fees of $85,000 and (ii) the Traditional Business' advertising revenues of $11,000 and circulation revenues of $12,000. The Tradi
LOS ANGELES, Dec. 16, 2022 (GLOBE NEWSWIRE) -- During fiscal 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $54,009,000 as compared with $49,925,000 in the prior year. This increase of $4,084,000 was primarily from increases in Journal Technologies' consulting fees of $5,546,000 and the Traditional Business' advertising revenues of $420,000 and advertising service fees and other of $253,000, partially offset by decreases in (i) Journal Technologies' license and maintenance fees of $1,852,000 and other public service fees of $101,000, and (ii) the Traditional Business' circulation revenues of $182,000. The Traditional Business' pretax income increa
LOS ANGELES, Aug. 12, 2022 (GLOBE NEWSWIRE) -- During the nine months ended June 30, 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $34,797,000 as compared with $37,952,000 in the prior year period. This decrease of $3,155,000 was primarily from decreases in (i) Journal Technologies' license and maintenance fees of $3,269,000 and public service fees of $21,000, and (ii) the Traditional Business' circulation revenues of $179,000, partially offset by increases in Journal Technologies' consulting fees of $48,000 and the Traditional Business' advertising net revenues of $30,000 and advertising service fees and other of $236,000. The Traditional Bu
LOS ANGELES, May 12, 2022 (GLOBE NEWSWIRE) -- During the six months ended March 31, 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $22,245,000 as compared with $24,390,000 in the prior year period. This decrease of $2,145,000 was primarily from decreases in (i) Journal Technologies' license and maintenance fees of $2,300,000, consulting fees of $119,000 and public service fees of $23,000, and (ii) the Traditional Business' circulation revenues of $150,000, partially offset by increases in the Traditional Business' advertising net revenues of $236,000 and advertising service fees and other of $211,000. The Traditional Business' pretax income increased by $2,94
On March 13, 2024, the company received a letter from Nasdaq indicating that the company has a cure period in order to regain compliance as follows: until the earlier of the company's next annual shareholders' meeting or November 28, 2024; or if the next annual shareholders' meeting is held before May 27, 2024, then the company must evidence compliance no later than May 27, 2024. The company intends to fill the vacancy on the company's board of directors and audit committee with a qualified individual who meets the criteria of the Nasdaq listing rules in advance of the compliance deadline.
Daily Journal (NASDAQ:DJCO) reported quarterly earnings of $9.16 per share. This is a 29.27 percent decrease over earnings of $12.95 per share from the same period last year. The company reported $15.99 million in sales this quarter. This is a 30.01 percent increase over sales of $12.30 million the same period last year.
In the wake of the potential departure of the current CEO, Warren Buffett, Berkshire Hathaway Inc. (NYSE:BRK) might be at risk from activist investors, alerts a member of the company’s board. What Happened: Chris Davis, one of the directors of Berkshire Hathaway, cautioned about the possibility of activist investor pressure on the company once Buffett exits. Buffet, 93, is nearing the conclusion of his tenure as CEO of Berkshire following the demise of his right-hand man, Charlie Munger. Davis recognized Buffett and Munger’s dedication to their shareholders as “the greatest stewards almost in the history of capitalism," on the latest Excess Returns podcast, as reported by Business I
In the aftermath of renowned investor Charlie Munger‘s death in November, the Daily Journal Corp. (NASDAQ:DJCO) has cautioned its shareholders about the likelihood of lower future returns, saying it's "impossible to ever replace" Warren Buffett's investment partner. What Happened: Munger, who was known for being Buffett‘s confidant and the vice-chairman of Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK), led the Daily Journal for around 45 years. He initiated the strategy of investing the publisher’s surplus cash into the stocks of other enterprises during the height of the financial crisis. “Although the Board will work to ensure that the portfolio remains well-managed, it’s impossible
During fiscal 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $67,709,000 as compared to $54,009,000 in the prior year. There was consolidated net income of $21,452,000 ($15.58 per share) for fiscal 2023, as compared to a consolidated net loss of $75,624,000 (-$54.81 per share) in the prior fiscal year
“The whole secret of investment is to find places where it is safe and wise not to diversify,” were the words of Charlie Munger, who died on Tuesday at the age of 99. This principle stood as one of the central tenets of his approach to investing. Working on the belief that good investment ideas are few and far between — “Life is not just bathing you with unlimited opportunities” — Munger held very few stocks in his personal investment portfolio. But those he did hold, he was rigidly committed to. At his death, Munger owned stock positions in just three companies: Berkshire Hathaway (NYSE:BRK) (NYSE:BRK): Munger was vice-chairman and helped chairman Warren Buffett turn the company fr
Charles Munger, the billionaire businessman and attorney best-known as Warren Buffett’s right-hand man at Berkshire Hathaway, died on Tuesday at the age of 99. With no thought of retirement, the finance sage had worked with Buffett since 1959, when the two were introduced at a dinner. Together, they ran Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK-B), with Buffett at the helm and Munger as vice chairman. Together they build Berkshire into a giant holding company with a market captilization of over $784 billion. Munger also served as chairman of the Daily Journal Corporation (NASDAQ:DJCO) and as a director at Costco Wholesale Corporation (NASDAQ:COST). Munger spent some time in real estat
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Throughout almost a century of life experience, billionaire and Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) vice chairman Charlie Munger has discovered the secret to a happy, healthy, wealthy life is learning to recognize and ignore one basic human emotion that weighs people down like an anchor. Forbes estimates Munger's wealth at roughly $2.4 billion, and he has spent a large portion of his career in the shadow of partner and Berkshire CEO Warren Buffett, who has an estimated net worth of $113.6 billion. However, instead of comparing himself to Buffett or any other billionaire, Munger says he simply focuses on his own financial success. "Someone will always be getting richer faster
LOS ANGELES, Aug. 14, 2024 (GLOBE NEWSWIRE) -- During the nine months ended June 30, 2024, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $50,058,000 as compared to $46,159,000 in the prior year period. This increase of $3,899,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $3,438,000, and other public service fees of $1,251,000, partially offset by decreased consulting fees of $1,209,000, and (ii) the Traditional Business' advertising revenues of $441,000. The Traditional Business' pretax income decreased by $711,000 to $1,601,000 from $2,312,000 in the prior fiscal year period. This decrease was primarily from
LOS ANGELES, May 14, 2024 (GLOBE NEWSWIRE) -- During the six months ended March 31, 2024, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $32,564,000 as compared to $28,455,000 in the prior year period. This increase of $4,109,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $3,337,000, and other public service fees of $904,000, partially offset by decreased consulting fees of $254,000, and (ii) the Traditional Business' advertising revenues of $209,000. The Traditional Business' pretax income decreased by $782,000 to $861,000 from $1,643,000 in the prior fiscal year period, primarily due to increased personnel costs of $
LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- As previously announced on December 1, 2023, due to the death of director Charles T. Munger, Daily Journal Corporation (NASDAQ:DJCO) notified the Nasdaq Stock Market ("Nasdaq") that the company's audit committee has only two members, which is contrary to Nasdaq Listing Rule 5605(c)(2)(A)'s requirement that listed companies have an audit committee of at least three members. On March 13, 2024, the company received a letter from Nasdaq indicating that the company has a cure period in order to regain compliance as follows: until the earlier of the company's next annual shareholders' meeting or November 28, 2024; orif the next annual sharehol
LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- During the three months ended December 31, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $15,993,000 as compared to $12,301,000 in the prior year period. This increase of $3,692,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $2,162,000, consulting fees of $980,000, and other public service fees of $450,000, and (ii) the Traditional Business' advertising revenues of $97,000. The Traditional Business' pretax income decreased by $648,000 to $287,000 from $935,000 in the prior fiscal year, primarily due to increased personnel costs of $331,000 to $2,549,000 from $2,218,
LOS ANGELES, Dec. 27, 2023 (GLOBE NEWSWIRE) -- During fiscal 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $67,709,000 as compared to $54,009,000 in the prior year. This increase of $13,700,000 was primarily from increases in (i) Journal Technologies' consulting fees of $7,911,000, license and maintenance fees of $4,311,000 and other public service fees of $1,147,000, and (ii) the Traditional Business' advertising revenues of $364,000, partially offset by a decrease in the Traditional Business' advertising service fees and other of $42,000. The Traditional Business' pretax income increased by $1,682,000 to $2,384,000 from $702,000 in the prior fiscal year,
LOS ANGELES, Nov. 29, 2023 (GLOBE NEWSWIRE) -- There is deep sadness across Daily Journal and Journal Technologies following news of the passing of Charles T. Munger on November 28, 2023. Above all, our condolences go to Charlie's family and his many friends. Charlie will be remembered for generations to come as a person of deep integrity and wisdom. He was an extraordinary thinker, investor, philanthropist, polymath, and human being. His life and approach have touched many people and organizations. In business, Charlie is of course most famous for his legendary contributions at Berkshire Hathaway. However, following his original acquisitions of what eventually became Daily Jour
LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) -- During the nine months ended June 30, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $46,159,000 as compared to $35,502,000 in the prior year period. This increase of $10,657,000 was primarily from increases in (i) Journal Technologies' consulting fees of $6,451,000 mainly resulting from more project go-lives (i.e. signoffs by the clients), license and maintenance fees of $3,413,000 and other public service fees of $649,000 and (ii) the Traditional Business' advertising revenues of $114,000 and circulation revenues of $27,000. The Traditional Business' pretax income increased by $870,000 to $2,31
LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- During the six months ended March 31, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $28,455,000 as compared to $22,685,000 in the prior year period. This increase of $5,770,000 was primarily from increases in (i) Journal Technologies' consulting fees of $4,325,000 mainly resulting from more project go-lives (signoffs by the clients), license and maintenance fees of $986,000 and other public service fees of $307,000 and (ii) the Traditional Business' advertising revenues of $64,000, advertising service fees and other of $64,000 and circulation revenues of $24,000. The Traditional Business' pretax income decr
LOS ANGELES, Feb. 13, 2023 (GLOBE NEWSWIRE) -- During the three months ended December 31, 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $12,301,000 as compared with $11,736,000 in the prior year period. This increase of $565,000 was primarily from increases in (i) Journal Technologies' consulting fees of $561,000 and other public service fees of $84,000 and (ii) the Traditional Business' advertising service fees and other of $28,000, partially offset by decreases in (i) Journal Technologies' license and maintenance fees of $85,000 and (ii) the Traditional Business' advertising revenues of $11,000 and circulation revenues of $12,000. The Tradi
LOS ANGELES, Dec. 16, 2022 (GLOBE NEWSWIRE) -- During fiscal 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $54,009,000 as compared with $49,925,000 in the prior year. This increase of $4,084,000 was primarily from increases in Journal Technologies' consulting fees of $5,546,000 and the Traditional Business' advertising revenues of $420,000 and advertising service fees and other of $253,000, partially offset by decreases in (i) Journal Technologies' license and maintenance fees of $1,852,000 and other public service fees of $101,000, and (ii) the Traditional Business' circulation revenues of $182,000. The Traditional Business' pretax income increa