secwatch.observer — SEC 8-K summary
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Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001628280-23-028179
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828023028179/0001628280-23-028179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828023028179/apps-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028179

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