Stock in Motion: Digital Turbine, Inc. (NASDAQ: APPS)

Digital Turbine, Inc. (NASDAQ: APPS) negotiated 363,135 shares against it an average volume of 495,427 shares. The stock concluded the recent trade at $1.40 with negative trend move of -2.78%. The company has total market value of 107.535M billion. The company has got a 52-week exceptional price of $2.59 and reached a 52-week lowest of the share price at $1.11. The daily trading range was observed between a day’s low price of $1.38 to a day’s high price of $1.44.

Digital Turbine, Inc. (NASDAQ: APPS) reported financial results for the fiscal first quarter ended June 30, 2018.

First Quarter Fiscal 2019 Financial Results

Revenue for the fiscal first quarter of 2019 was $22.1M, representing a raise of 46% year-over-year. Revenue growth was largely attributable to higher revenue-per-device with our larger U.S.-based carrier partners, which reflected incremental contributions from new product offerings added to the platform.

GAAP gross margin was 29% for the first quarter of fiscal 2019, as contrast to a 34% GAAP gross margin in the fiscal first quarter of 2018.  Non-GAAP adjusted gross margin3 was 31% for the fiscal first quarter of 2019, as contrast to 37% for the fiscal first quarter of 2018. The reconciliation between GAAP and Non-GAAP financial results for all referenced periods is provided in a table immediately following the Unaudited Consolidated Statements of Operations and Comprehensive Income/(Loss) below.

 

Net income from continuing operations for the first quarter of fiscal 2019 was $1.5M, or $0.02 per share, as contrast to a net loss from continuing operations for the fiscal first quarter of 2018 of $4.1M, or ($0.06) per share.  Non-GAAP adjusted net loss1 for the first quarter of fiscal 2019 was $0.6M, or ($0.01) per share, as contrast to a Non-GAAP adjusted net loss of of $1.1M, or ($0.02) per share, during the fiscal first quarter of 2018.

 

Non-GAAP adjusted EBITDA2 was $0.2M for the first quarter of fiscal 2019, as contrast to a Non-GAAP adjusted EBITDA loss of $0.1M for the first quarter of fiscal 2018.  Please see ‘Use of Non-GAAP Measures’ at the end of this press release for the definition of Non-GAAP adjusted EBITDA and a reconciliation to GAAP net income/(loss) from continuing operations.

Business Outlook

Based on information accessible as of August 9, 2018, the Company expects second quarter of fiscal 2019 revenue of about $23M and sequential improvement in non-GAAP adjusted EBITDA2.  It is not reasonably practicable to provide a business outlook for GAAP net income from continuing operations because the Company cannot reasonably estimate the changes in the fair value of derivatives and warrants related to the September 2016 convertible notes offering, which are directly influenced by changes in the Company’s stock price.

In the liquidity ratio analysis; Digital Turbine, Inc.’s (APPS) debt to equity ratio was 0.19 while current ratio was 0.80. The company has the institutional ownership of 35.10% while the Beta factor was 1.28. The stock’s RSI amounts to 45.49

 

Mitchell Howe- Technology

I am Mitchell Howe and I have worked with words mostly, in both my education and my career level. I have graduated in English and I have a Master’s Degree in Communication. I taught business and creative writing at the university for five years and now I work as a corporate teacher and a Technology writer. I adored writing as soon as I discovered it and started to write Tech articles. I am more of an extrovert and like to travel around the world.

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