https://assets.capyfin.com/instruments/678fdc13234e27009c5d5bec.png avatar
Digital Turbine
🇺🇸 NASDAQ:APPS
View Company
OverviewEarningsDividends
•
Jun 30, 2023

Digital Turbine Q1 2024 Earnings Report

Digital Turbine's first quarter of fiscal year 2024 experienced a revenue decline year-over-year, but showed sequential growth. The company reported a GAAP net loss, but non-GAAP adjusted net income and EBITDA were positive. The company is focused on improving platform performance and investing in growth initiatives.

Key Takeaways

Digital Turbine reported a revenue of $146.4 million for the first quarter of fiscal year 2024, a 22% decrease year-over-year but a 4% increase sequentially. The company had a GAAP net loss of $8.4 million, or ($0.08) per share, while non-GAAP adjusted net income was $18.2 million, or $0.18 per share. Non-GAAP adjusted EBITDA was $27.0 million.

Revenue totaled $146.4 million, a 22% decline year-over-year but a 4% sequential increase.

GAAP net loss was $8.4 million, or ($0.08) per share.

Non-GAAP adjusted net income was $18.2 million, or $0.18 per share.

Non-GAAP adjusted EBITDA totaled $27.0 million, a 48% decline year-over-year but a 17% sequential increase.

Total Revenue
$146M
Previous year: $189M
-22.4%
EPS
$0.18
Previous year: $0.38
-52.6%
Gross Profit
$67.2M
Previous year: $92.4M
-27.3%
Cash and Equivalents
$58.6M
Previous year: $89.3M
-34.4%
Total Assets
$1.26B
Previous year: $1.4B
-10.0%

Digital Turbine

Digital Turbine

Digital Turbine Revenue by Segment

Forward Guidance

For the second quarter of fiscal 2024, Digital Turbine expects revenue between $141 million and $149 million, non-GAAP adjusted EBITDA between $25 million and $27 million, and non-GAAP adjusted EPS between $0.13 and $0.15.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Digital Turbine