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Jun 30, 2020
Digital Turbine Q1 2021 Earnings Report
Digital Turbine's momentum accelerated and diversified, driving revenue to $59.0 million, with a GAAP net income of $9.9 million and a non-GAAP adjusted EBITDA of $14.1 million.
Key Takeaways
Digital Turbine reported a strong fiscal first quarter with revenue of $59.0 million, a 93% increase year-over-year. GAAP net income was $9.9 million, or $0.11 per share, and non-GAAP adjusted EBITDA was $14.1 million, representing a 235% growth.
First quarter revenue was $59.0 million, representing 93% growth year-over-year.
GAAP net income was $9.9 million, or $0.11 per share, compared to a net loss last year.
Non-GAAP adjusted EBITDA was $14.1 million, a 235% increase year-over-year.
Application Media software was installed on more than 43 million devices during the quarter.
Forward Guidance
The Company expects revenue between $59 million and $61 million, Non-GAAP adjusted EBITDA between $11 million and $12 million, and Non-GAAP adjusted EPS between $0.11 and $0.12 for the fiscal second quarter.
Positive Outlook
- Revenue between $59 million and $61 million
- Non-GAAP adjusted EBITDA between $11 million and $12 million
- Non-GAAP adjusted EPS of between $0.11 and $0.12
- Based on approximately 95 million diluted shares outstanding
Historical Earnings Impact
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Avg. Return Before/After Earnings
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