Loading...
•
Mar 31, 2021
Digital Turbine Q4 2021 Earnings Report
Reported a substantial increase in revenue and profitability, driven by strong demand for application and content media offerings, and the completion of the Fyber transaction.
Key Takeaways
Digital Turbine reported strong Q4 and fiscal year 2021 results, with significant revenue growth and increased profitability. Q4 revenue grew by 142% year-over-year to $95.1 million, and GAAP net income increased to $30.1 million, or $0.31 per share. The company's non-GAAP adjusted EBITDA also saw a substantial increase, reaching $22.5 million.
Q4 revenue reached $95.1 million, a 142% increase year-over-year.
Application Media revenue increased by 95% to $67.2 million.
GAAP net income was $30.1 million, or $0.31 per share.
Non-GAAP adjusted EBITDA was $22.5 million, a significant increase from $5.3 million in the prior year.
Digital Turbine
Digital Turbine
Forward Guidance
The Company currently expects revenue of between $188 million and $192 million, Non-GAAP adjusted EBITDA of between $32 million and $34 million, and Non-GAAP adjusted EPS of $0.31 for the first quarter of fiscal 2022.
Positive Outlook
- Revenue of between $188 million and $192 million
- Non-GAAP adjusted EBITDA of between $32 million and $34 million
- Non-GAAP adjusted EPS of $0.31, based on approximately 100 million diluted shares outstanding
- Business outlook incorporates the results of AdColony beginning on April 29, 2021
- Business outlook incorporates the results of Fyber beginning on May 25, 2021
Challenges Ahead
- Company cannot reasonably estimate the changes in stock-based compensation expense
- Company cannot reasonably estimate any adjustment to the contingent earn-out provision
- Acquisitions have utilized significant internal resources
- Impacted ability to provide all the necessary information to their auditors
- Impacted ability to prepare related disclosures to be included in the Company’s Annual Report on Form 10-K