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

Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001628280-24-045814
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Turbine Q2 FY2025 revenue $118.7M (-17% YoY), GAAP EPS -$0.24; guidance cut
--------------------------------------------------------------------------------

- Revenue $118.7M, down 17% YoY; GAAP net loss $25.0M vs $161.5M loss (incl. $147.2M goodwill impairment) in prior year.
- Non-GAAP adjusted EPS $0.05 vs $0.13 YoY; adjusted EBITDA $15.3M vs $27.7M YoY.
- Transformation program launched targeting >$25M in annual cash expense savings; ONE Store International acquisition announced.
- FY2025 guidance reduced: revenue $475-485M, adjusted EBITDA $65-75M; expects sequential growth but slower legacy businesses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828024045814/0001628280-24-045814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828024045814/apps-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045814

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