digital turbine (APPS)

[Liam859]

She’s busting loose anyway now $34 $APPS

[JohnCM]

Digital Turbine Reports Fiscal 2022 Third Quarter Financial Results

FEB 8, 2022 4:05PM EST

Third Quarter Revenue Totaled $375.5 Million, Representing Year-over-Year Growth of 324% on an As-Reported Basis and Year-over-Year Growth of 38% on a Pro Forma Basis

Strong Top-Line Growth and Operating Leverage Continue to Drive Significant Profitability Growth and Free Cash Flow Generation
Integrated End-to-End Platform Positioned to Address Greatly Expanded Market Opportunity

AUSTIN, Texas, Feb. 8, 2022 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal third quarter ended December 31, 2021. The Company completed the acquisitions of AdColony Holdings AS and Fyber N.V. on April 29 and May 25, 2021, respectively. Specific references made to "pro forma" results in this release provide investors with quarterly results and comparisons as if all acquired businesses were owned for the entirety of the third quarter of fiscal 2021. The Company believes that pro forma results, where applicable, can provide investors with more relevant year-over-year comparisons. The reconciliations between the pro forma and GAAP financial results for the relevant periods are provided in the tables following the Unaudited Consolidated Statements of Cash Flows below.

Recent Financial Highlights:

Fiscal third quarter of 2022 revenue totaled $375.5 million, representing a 324% increase year-over-year on an as-reported basis and a 38% increase year-over-year as compared to the comparable pro forma figure for the fiscal third quarter of 2021.

GAAP net income for the fiscal third quarter of 2022, inclusive of a $18.2 million fair value adjustment to the contingent acquisition-related earn-outs, was $7.1 million, or $0.07 per share, as compared to GAAP net income of $14.5 million, or $0.15 per share for the fiscal third quarter of 2021. Non-GAAP adjusted net income1 for the fiscal third quarter of 2022 was $50.9 million, or $0.49 per share, as compared to Non-GAAP adjusted net income of $20.0 million, or $0.21 per share, in the fiscal third quarter of 2021.

Non-GAAP adjusted EBITDA2 for the fiscal third quarter of 2022 was $57.0 million, representing growth of 153% as compared to Non-GAAP adjusted EBITDA of $22.5 million in the fiscal third quarter of 2021.
"Very few companies can walk and chew gum at the same time," said Bill Stone, CEO. "We made material progress on our integration strategy in the December quarter, while simultaneously delivering record financial results. Many companies experience difficulties in the present with their execution, because they are overly focused on building the future, or vice versa. I'm proud of our team's hustle and ability to do both. Integration for the future and execution in the present are becoming core competencies of Digital Turbine."

"Top-line growth of 324% and 38%, on an as-reported basis and pro forma basis, respectively, is certainly a great result, but I am even more encouraged by the continued operating leverage exhibited by the business model. Non-GAAP adjusted EBITDA of more than $57 million during the December quarter increased by 153% on a year-over-year basis, and Non-GAAP adjusted EPS of $0.49 during the December quarter increased by 133% on a year-over-year basis."

Mr. Stone concluded, "Calendar 2021 was a pivotal year for Digital Turbine, during which we strategically re-positioned the Company to leverage its inherent on-device competitive advantages to more effectively capitalize on a significantly expanded market opportunity in calendar 2022 and beyond. We are already seeing both revenue and cost synergies from our acquisitions bearing fruit and it is early days. Our strategy is winning in the marketplace. I am grateful for the hard work and shared dedication exhibited by all of Digital Turbine's employees, O&O partners and platform advertisers."

[JohnCM]

Outstanding Shares
96,961,158
01/31/2022

[JohnCM]

Nibbling ...

[JohnCM]

[gastric]

Market cap is approaching 2x trailing revenues which seems rediculous for a company smashing triple digit growth. But what do I know?

[buby89]

Woah. When to buy?

[gastric]

$375.5M Q3, YoY growth of 324%.

[gastric]

Was over $100 mere months ago.

[gastric]

Only 2-3 weeks from the next financial filing. Usually dips then pops before the filing hits the wire. Let's see if the PPS follows that same cycle.

Pretty concerning it's broken new 52 week lows. Little odd considering the monumental revenue growth the company has achieved. Now trading a 2-3x future gross revenue which is extremely low for adtech much less one constantly posting huge growth.

[buby89]

Movin on down? What gives?

[gastric]

Movin' on up!

[Mr Fox]

Digital Turbine Announces Strategic Partnership with Google

Source: PR Newswire (US)

AUSTIN, Texas, Dec. 28, 2021 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS), a leading independent mobile growth & monetization platform, today announced a multi-year strategic partnership with Google that accelerates Digital Turbine's product and growth strategy to support the Android ecosystem by enabling nearly a billion devices with intelligent app discovery. Digital Turbine will work with Google Cloud premier partner SADA to implement  Google's enterprise and cloud solutions to rapidly enhance and expand globally while broadening growth and monetization solutions for its partners.
"We are excited to partner with Digital Turbine to support the expansion and scale of its products and services globally," said Rob Enslin, President of Google Cloud. "Digital Turbine has been a longtime supporter of the Android ecosystem, and with this new partnership, it will utilize our advanced cloud and enterprise infrastructure to expand support of its value-added mobile experiences to end users around the globe."
"For the past 10 years Digital Turbine has helped expand the Android ecosystem with our intelligent app discovery, growth and monetization products supporting many of the leading Android app developers in the market today," said Bill Stone, CEO of Digital Turbine. "We are thrilled to further deepen and expand our partnership with Google. By partnering with Google we are efficiently  powering app discovery for nearly a billion Android devices globally while simultaneously expanding our footprint across the Android ecosystem including mobile, TV and connected devices."

[gastric]

Next quarterly is expected early Feb. Expect PPS to spike before the filing comes out. At least based on how this undulates every quarter for the past year or so.

[gastric]

Guess not.

[gastric]

Hit the new support? 10%+ higher than last quarter.

[buby89]

I’m jumping in again haven’t seen it this low in quite sometime

[gastric]

Almost dip buying time.

[buby89]

Ya think I’m gna take my gains

[gastric]

Today it's trading at only about 5x trailing revenues. While revenues are constantly growing double/triple digits.

[DL114]

I AM SO DONE WITH DIGITAL TURBINE,

[gastric]

Look at the past charts. This has always had seriously wild swings. If you're a flipper this is a money maker. If you're a holder, this is also a money maker, just keep buying the dips. Seems horribly undervalued for a company that keeps posting monster growth and breaking all estimates.

[buby89]

Seems to be the norm nowadays. Up on bad news. Down on good news. Beat earnings and sink .

[buby89]

Gross correction. Uncalled for.

[buby89]

After hours isn’t that telling anyways. It could bounce hard in the morning

[gastric]

Was $50 in August. Buy the dips.

[buby89]

This seems senseless for the stock to go down like this. Below 80 would really be upsetting and uncalled for. Manipulation or are we doing something wrong?

[gastric]

No reason other than this ticker swings wildly, constantly. They’re busting out major revenue growth constantly. Now generating $1B+ in rev, increased rev forecast for next quarter, market cap is 8x or less trailing revs at this point.

[DL114]

what am i missing??? on the conference call they say they are doing great so why is their stock going down (fast)

[gastric]

Now breaking $1B+ in annual revenue.

[gastric]

Guessing more triple digit monster growth like always.

[buby89]

Think earnings will be good today? Any thoughts?

[gastric]

Getting closer...

[Mr Fox]

$87,12 Earnings report data coming close, tic toc.

[gastric]

C'mon, let's hit $100 again.

[gastric]

Hard to believe this was $50 recently.

[gastric]

You’re the only one making any comparisons.

[dealerschool2006]

APPS was a big board back then...so what??? very successful company that found a niche and its in a totally different industry ... this isn't a competition, why make it so??? How long has the company been in existence??? was APPS ever an otc pinky???

[gastric]

OTC companies can uplist if they file audits and meet the other financial and asset requirements. Nobody is stopping them except themselves.

APPS was $0.80 a few years ago. Look what happens when you execute successfully?

[dealerschool2006]

isn't APPS a NASDAQ company as opposed to an otc pinksheet??? I wonder how long it took this company to go IPO from it's birth...I wonder how many setbacks they had...AND its in a totally different industry than game board cafes, so how can a pink sheet company be legitimately compared to a software company...too f u n n e e ...I'm not knocking this company, I have NO idea what it is and I am NOT willing to know either...

[thehumanchessmachine]

The uncertainty in the country worries me

[gastric]

Should be hot between now and Nov 4 when next filing comes out.

[thehumanchessmachine]

Markets are all a mess so I am thinking of taking profits

[gastric]

Think we'll hit $100PPS this quarter?

[gastric]

Always buy the dips. Constant triple digit revenue growth here.

[Mr Fox]

A higher stock price for APPS now comparing to TTD. Next step: a higher market cap?

[thehumanchessmachine]

Right on ! Good move ! Congratulations

[buby89]

I’m still here!! I just loaded more at 59 bucks and waited. Now I’m just richer lol

[thehumanchessmachine]

Magnifico

[gastric]

I haven't left the saddle. Meant the PPS.