Digital Turbine, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 24, 2023 at 04:05 pm EDT
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Digital Turbine, Inc. reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was USD 140.12 million compared to USD 184.14 million a year ago. Net loss was USD 13.93 million compared to net income of USD 20.1 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to basic earnings per share from continuing operations of USD 0.21 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to diluted earnings per share from continuing operations of USD 0.19 a year ago.
For the full year, sales was USD 665.92 million compared to USD 747.6 million a year ago. Net income was USD 16.67 million compared to USD 35.55 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.35 a year ago.
Digital Turbine, Inc. is a provider of independent mobile growth platform that levels up the landscape for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The Company offers end-to-end products and solutions leveraging technology to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its segments include On Device Solutions (ODS) and App Growth Platform (AGP). Its ODS segment consists of products and services that simplify the discovery and delivery of mobile applications and content media for device end-users. Its AGP segment consists of Advertising Solutions and Ad Monetization Solutions. Its Advertising Solutions serve two key segments: App Developers, and Brands and Agencies, which enables them to execute targeted mobile campaigns on the Companyâs direct application inventory.
DIGITAL TURBINE, INC. 
