Digital Turbine(US:APPS) prnewswire.comยท2024-05-28 20:05Financial 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]