Digital Turbine reports Q1 FY2024 revenue $146.4M, GAAP EPS ($0.08), adj EBITDA $27.0M

Digital Turbine, Inc.

2024-Q1 EPS reported -$0.08 revenue$146,366,000

Revenue $146.4M (-22% YoY, +4% seq); GAAP net loss $8.4M ($0.08 EPS) vs prior-year income $15.0M ($0.15).
Non-GAAP adj net income $18.2M ($0.18 EPS) vs $38.7M ($0.38) YoY; adj EBITDA $27.0M vs $51.9M YoY.
Segment rev: On Device Solutions $98.3M; App Growth Platform $49.0M (before intersegment eliminations).
Q2 FY2024 guidance: rev $141M-$149M; adj EBITDA $25M-$27M; adj EPS $0.13-$0.15 (~104M diluted shares).
CEO highlighted sequential growth, upgrades to ad-tech, and progress on SingleTap and DT Hub.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Digital Turbine, Inc. reported fiscal first quarter ended June 30, 2023 results: revenue $146.4 million, net income GAAP net loss of $8.4 million, EPS ($0.08).

Period: fiscal first quarter ended June 30, 2023
Revenue: $146.4 million
Net income: GAAP net loss of $8.4 million
EPS: ($0.08)
Result: reported results

Exact text from the filing

Digital Turbine Reports Fiscal 2024 First Quarter Financial Results First Quarter Revenue Totaled $146.4 Million First Quarter GAAP Net Loss of $8.4 Million and GAAP EPS of ($0.08); First Quarter Non-GAAP Adjusted Net Income 1 of $18.2 Million and Non-GAAP Adjusted EPS of $0.18 First Quarter Non-GAAP Adjusted EBITDA 2 Totaled $27.0 Million Austin, TX – August 8, 2023 – Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal first quarter ended June 30, 2023. Recent Financial Highlights: • Fiscal first quarter of 2024 revenue totaled $146.4 million, representing a 4% sequential increase as compared to the fiscal fourth quarter of 2023 and a 22% decline year-over-year as compared to the fiscal first quarter of 2023. • GAAP net loss for the fiscal first quarter of 2024 was $8.4 million, or ($0.08) per share, as compared to GAAP net income for the fiscal first quarter of 2023 of $15.0 million, or $0.15 per share.

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Source: SEC EDGAR

accession 0001628280-23-028179

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