secwatch.observer — SEC 8-K summary
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Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001628280-23-037848
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Turbine Q2 revenue down 18% YoY; GAAP net loss $161.5M including $147.2M goodwill impairment
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- Revenue $143.3M vs $174.9M YoY; On-Device Solutions $99.1M, App Growth Platform $46.2M.
- GAAP net loss ($1.61)/share vs income $0.11; non-GAAP adjusted EPS $0.13 vs $0.34.
- Non-GAAP adjusted EBITDA $27.7M, down 43% YoY but up 3% sequentially; free cash flow $23.9M.
- Q3 guidance: revenue $144-150M, adjusted EBITDA $27-31M, adjusted EPS $0.16-0.19.
- Long-term debt reduced $21.9M to $383.8M; goodwill impairment of $147.2M in App Growth Platform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828023037848/0001628280-23-037848-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828023037848/apps-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-037848

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