Digital Turbine Reports Fiscal 2025 First Quarter Financial Results First Quarter Revenue Totaled $118.0 Million 1 First Quarter GAAP Net Loss of $25.2 Million, or GAAP EPS of ($0.25); First Quarter Non-GAAP Adjusted Net Income of $7.3 Million and Non-GAAP Adjusted EPS of $0.07 1 2 First Quarter Non-GAAP Adjusted EBITDA Totaled $14.5 Million Austin, TX – August 7, 2024 – Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal first quarter ended June 30, 2024. Recent Financial Highli ...

First Quarter Revenue Totaled $118.0 MillionFirst Quarter GAAP Net Loss of $25.2 Million, or GAAP EPS of ($0.25); First Quarter Non-GAAP Adjusted Net Income1 of $7.3 Million and Non-GAAP Adjusted EPS1 of $0.07First Quarter Non-GAAP Adjusted EBITDA2 Totaled $14.5 MillionAUSTIN, Texas, Aug. 7, 2024 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal first quarter ended June 30, 2024.Recent Financial Highlights:Fiscal first quarter of 2025 revenue totaled $118.0 mill ...

AUSTIN, Texas, July 29, 2024 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS), a global mobile platform company, announced it will host a conference call and webcast to discuss its fiscal 2025 first quarter financial results and operating progress on Wednesday, August 7th, at 4:30pm ET/1:30pm PT. The call, hosted by Digital Turbine's Chief Executive Officer Bill Stone and Chief Financial Officer Barrett Garrison, can be accessed via webcast link: https://app.webinar.net/ze2pJnEO7wo. The call can also be ...

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sankai/E+ via Getty ImagesDigital Turbine (NASDAQ:APPS) financial results continue to disappoint, dragging the stock lower, despite a very low valuation. Extremely weak Q4 results were largely attributed to soft device sales and the migration of the company's tech stack onto a consolidated platform. Digital Turbine’s performance has been poor for the past two years though, making it difficult to continue shifting blame onto the macro environment. While there is doubt hanging over the company, and a size ...

An advertising and tech veteran with almost two decades of experience in technology growth, Akkerman will lead the company's global business teamAUSTIN, Texas, June 10, 2024 /PRNewswire/ -- Digital Turbine, the global leader in growth solutions for the mobile ecosystem, is excited to announce the appointment of Michael Akkerman as the company's new Chief Business Officer. In this role, Michael will lead DT's global go-to-market efforts, including sales, partnerships, marketing, product, and business operati ...

Digital Turbine, Inc. (NASDAQ:APPS) Q4 2024 Earnings Conference Call May 28, 2024 4:30 PM ET Company Participants Brian Bartholomew - Senior Vice President, Capital Markets and Strategy Bill Stone - Chief Executive Officer Barrett Garrison - Executive Vice President and Chief Financial Officer Conference Call Participants Omar Dessouky - Bank of America Darren Aftahi - ROTH MKM Tim Nollen - Macquarie Operator Good day and welcome to the Digital Turbine Reports Fourth Quarter and Fiscal 2024 Financial Result ...

Digital Turbine (APPS) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this mobile software company would post earnings of $0.18 per share when it actually produced earnings of $0.15, delivering a surprise of -16.67%.Over the last four quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-35958 DIGITAL TURBINE, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 22-2267658 (State or Other Jurisdiction of Incorporation or Organization)(I.R. ...

Revenue Performance - Q4 2024 revenue totaled $112.2 million, a 20% YoY decline compared to Q4 2023[2] - FY 2024 revenue totaled $544.5 million, with On Device Solutions revenue at $370.1 million and App Growth Platform revenue at $178.8 million[6] - Net revenue for Q4 2024 was $112.2 million, a decrease of 19.9% compared to $140.1 million in Q4 2023[28] - Revenue for Q1 2024 decreased by 20% to $112.2 million compared to $140.1 million in Q1 2023[36] - On Device Solutions revenue declined 19% to $78.5 million in Q1 2024 compared to $96.9 million in Q1 2023[36] - App Growth Platform revenue decreased 23% to $34.4 million in Q1 2024 compared to $45.0 million in Q1 2023[36] Net Loss and Impairment Charges - Q4 2024 GAAP net loss was $236.5 million, including a noncash goodwill impairment charge of $189.5 million[2] - FY 2024 GAAP net loss was $420.4 million, including a noncash goodwill impairment charge of $336.6 million[6] - Net loss for Q4 2024 was $236.5 million, compared to a net loss of $13.9 million in Q4 2023[28] - Goodwill impairment of $189.5 million was recorded in Q4 2024, contributing to the significant net loss[28] - Net loss for Q1 2024 was $236.5 million, compared to a net loss of $13.9 million in Q1 2023[34] - Goodwill impairment charge of $189.5 million was recorded in Q1 2024[34] Non-GAAP Financial Metrics - Q4 2024 Non-GAAP adjusted net income was $12.6 million, or $0.12 per share[2] - Q4 2024 Non-GAAP adjusted EBITDA was $12.3 million, compared to $23.1 million in Q4 2023[2] - FY 2024 Non-GAAP adjusted net income was $60.3 million, or $0.58 per share[6] - FY 2024 Non-GAAP adjusted EBITDA was $92.4 million, compared to $163.2 million in FY 2023[7] - Non-GAAP gross profit margin improved to 46% in Q1 2024 from 44% in Q1 2023[37] - Non-GAAP adjusted EBITDA was $12.3 million in Q1 2024, down from $23.1 million in Q1 2023[40] Cash Flow and Financial Position - Cash and cash equivalents decreased to $33.6 million in Q4 2024 from $75.6 million in Q4 2023[31] - Cash and cash equivalents decreased to $33.6 million at the end of Q1 2024 from $49.5 million at the beginning of the quarter[34] - Capital expenditures were $6.9 million in Q1 2024, up from $5.3 million in Q1 2023[42] - Non-GAAP free cash flow was negative $15.6 million in Q1 2024 compared to positive $12.5 million in Q1 2023[42] Balance Sheet Changes - Total assets decreased to $865.5 million in Q4 2024 from $1.27 billion in Q4 2023[31] - Accounts receivable increased to $191.0 million in Q4 2024 from $178.2 million in Q4 2023[31] - Long-term debt decreased to $383.5 million in Q4 2024 from $410.5 million in Q4 2023[31] Operating Expenses and Costs - Total costs of revenue and operating expenses increased to $320.1 million in Q4 2024 from $149.3 million in Q4 2023[28] Comprehensive Loss - Comprehensive loss attributable to Digital Turbine, Inc. was $239.0 million in Q4 2024, compared to $11.7 million in Q4 2023[28] Earnings Per Share - Basic and diluted net loss per share was $2.32 in Q4 2024, compared to $0.14 in Q4 2023[28] Future Guidance - FY 2025 revenue guidance is between $540 million and $560 million, with Non-GAAP adjusted EBITDA between $85 million and $95 million[8] Partnerships and Growth - New partnerships are expected to add over 70 million new devices globally[2]