Financial Performance - Total revenue for the first quarter of fiscal 2025 was $118.0 million, reflecting a 5% increase quarter-over-quarter but a 19% decline year-over-year [2][5] - GAAP net loss for the first quarter was $25.2 million, or ($0.25) per share, compared to a net loss of $8.4 million, or ($0.08) per share in the same quarter of the previous year [2][5] - Non-GAAP adjusted net income for the first quarter was $7.3 million, or $0.07 per share, down from $18.2 million, or $0.18 per share in the prior year [2][5] EBITDA and Profitability - Non-GAAP adjusted EBITDA for the first quarter totaled $14.5 million, an 18% increase quarter-over-quarter but a 46% decline year-over-year [3][5] - The EBITDA margin increased by 135 basis points sequentially, indicating improved profit margins driven by top-line growth and expense discipline [4] Revenue Segmentation - On Device Solutions revenue was $80.7 million, while App Growth Platform revenue was $38.4 million for the first quarter [5] - The company experienced a 3% sequential growth in On Device Solutions revenue, attributed to new international devices and higher average revenue per device [4] Business Outlook - The company reaffirms its revenue expectations for fiscal year 2025 to be between $540 million and $560 million, with Non-GAAP adjusted EBITDA expected to be between $85 million and $95 million [7]

Group 1 - Digital Turbine, Inc. will host a conference call and webcast to discuss its fiscal 2025 first quarter financial results and operating progress on August 7, 2024 [1] - The call will be led by CEO Bill Stone and CFO Barrett Garrison, accessible via a provided webcast link and phone numbers for both U.S. and international participants [1] - A playback of the call will be available until August 14, 2024, with specific dial-in numbers and passcode for access [2] Group 2 - Digital Turbine specializes in enhancing mobile consumer experiences for telcos, advertisers, and publishers through its end-to-end platform [3] - The company is headquartered in North America and has a global presence with offices worldwide [3] - For more information, Digital Turbine's website is available for additional details [3]

Group 1: Small-Cap Stocks Overview - Small-cap stocks are gaining investor attention due to more attractive valuations compared to large-cap peers, presenting opportunities for substantial returns [1] - The previous year was dominated by the "Magnificent Seven," which drove nearly all gains in the S&P 500 and Nasdaq indices [1] - Small-cap stocks are perceived as undervalued and may rebound from underperformance, while larger stocks are seen as overvalued [1] Group 2: LivePerson (LPSN) - LivePerson provides AI-based messaging solutions for businesses and is a leader in AI-driven customer engagement [2] - The company reported total revenue of $85.1 million for Q1 2024, a 20.9% decrease from the previous year, but exceeded guidance [2] - Adjusted EBITDA improved to $0.5 million from a loss of $1.3 million in Q1 2023, although net loss widened to $35.6 million from $17.4 million [2][3] Group 3: Enphase Energy (ENPH) - Enphase Energy designs and manufactures software-driven home energy solutions, including solar generation and energy storage [5] - The company reported Q1 2024 revenue of $263.3 million, down from $302.6 million in the previous quarter, with a GAAP net loss of $16.1 million [5] - The outlook for Q2 2024 is optimistic, with expected revenue between $290 million and $330 million and projected gross margins of 42-47% [5][6] Group 4: Digital Turbine (APPS) - Digital Turbine offers a platform for mobile carriers and device OEMs to simplify app discovery, benefiting from the growth of mobile devices [7] - The company achieved Q4 2024 revenue of $112.2 million, a 20% decline from the previous year, with a significant net loss of $236.5 million due to a goodwill impairment charge [7] - For fiscal year 2025, Digital Turbine expects revenue between $540 million and $560 million, with non-GAAP adjusted EBITDA projected at $85 million to $95 million [7][8]

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]

Financial Performance - Total revenue for the fourth quarter of fiscal 2024 was $112.2 million, a year-over-year decline of 20% compared to the fourth quarter of fiscal 2023 [2][5] - GAAP net loss for the fourth quarter of fiscal 2024 was $236.5 million, or ($2.32) per share, which included a noncash goodwill impairment charge of $189.5 million [2][5] - Non-GAAP adjusted net income for the fourth quarter of fiscal 2024 was $12.6 million, or $0.12 per share, compared to $13.6 million, or $0.14 per share in the same quarter of fiscal 2023 [2][5] - For fiscal 2024, total revenue was $544.5 million, down from $665.9 million in fiscal 2023 [3][7] - GAAP net loss for fiscal 2024 was $420.4 million, or ($4.16) per share, compared to a GAAP net income of $16.9 million, or $0.16 per share in fiscal 2023 [3][7] - Non-GAAP adjusted net income for fiscal 2024 was $60.3 million, or $0.58 per share, down from $117.4 million, or $1.15 per share in fiscal 2023 [3][7] Operational Insights - Non-GAAP adjusted EBITDA for the fourth quarter of fiscal 2024 was $12.3 million, compared to $23.1 million in the fourth quarter of fiscal 2023 [6] - Non-GAAP adjusted EBITDA for fiscal 2024 was $92.4 million, down from $163.2 million in fiscal 2023 [8] - The company has secured new partnerships expected to add over 70 million new devices globally, which may help offset recent challenges [3][4] Business Outlook - For fiscal year 2025, the company expects revenue between $540 million and $560 million and Non-GAAP adjusted EBITDA between $85 million and $95 million [9]