secwatch.observer — SEC 8-K summary
======================================

Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2022-05-17T23:59:59+00:00
Accession:  0001628280-22-014669
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 4.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Turbine Restates Quarterly Results Due to Revenue Recognition Change for Acquired Businesses
--------------------------------------------------------------------------------

- Revenue for three months ended June 30, 2021 restated from $212.6M to $158.1M (net recognition).
- No changes to GAAP income from operations, net income, or cash flows; gross profit unchanged.
- Reaffirms FY2022 adjusted EBITDA guidance of $195M-$197M and adjusted EPS of $1.66-$1.68.
- Restated Form 10-Qs for three interim periods to be filed by May 31, 2022.
- Audit Committee concluded prior financials should no longer be relied upon due to principal vs agent analysis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828022014669/0001628280-22-014669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828022014669/form8-kitem402.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-014669

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer