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

Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001628280-24-025409
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Turbine Q4 revenue $112.2M (-20% YoY); GAAP net loss $236.5M includes $189.5M goodwill impairment
--------------------------------------------------------------------------------

- Q4 GAAP EPS ($2.32); adjusted EPS $0.12 versus $0.14 YoY; adjusted EBITDA $12.3M (down from $23.1M).
- FY2024 revenue $544.5M; GAAP net loss $420.4M with $336.6M goodwill impairment; adjusted EBITDA $92.4M (down from $163.2M).
- On-Device Solutions revenue $78.5M; App Growth Platform $34.4M (both before intercompany eliminations).
- FY2025 guidance: revenue $540-560M, adjusted EBITDA $85-95M, implying roughly flat to slight decline.
- CEO reports new device partnerships adding 70M+ devices; sees return to growth ahead.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828024025409/0001628280-24-025409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828024025409/apps-20240528.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-025409

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