LONDON, UK / ACCESSWIRE / July 10, 2018 / If you want access to our free earnings report on Digital Turbine, Inc. (NASDAQ: APPS), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=APPS. The Company reported its fourth quarter fiscal 2018 and full fiscal year 2018 operating and financial results on June 12, 2018. The mobile software Company beat earnings estimates. Additionally, the Company provided its guidance for the first quarter of the fiscal year 2019. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Digital Turbine most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=APPS

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2018, Digital Turbine's total revenues were $21.0 million, representing an increase of 81% compared to $11.6 million in Q4 FY17, driven by a growth with large pre-existing carrier partners, as well as incremental contributions from new carrier and OEM partners more recently added to the Ignite platform. The Company's revenue numbers lagged analysts' estimates by $5.57 million.

During Q4 FY18, Digital Turbine's GAAP gross margin increased to 33% compared to 28% in Q4 FY17. The Company's non-GAAP adjusted gross margin was 36% in the reported quarter compared to 38% in the year earlier same quarter.

Digital Turbine's non-GAAP adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was approximately zero in Q4 FY18 compared to loss of $0.8 million in Q4 FY17.

For Q4 FY18, Digital Turbine reported a net loss of $4.2 million, or $0.06 loss per share, compared to a net loss of $5.8 million, or $0.09 loss per share in Q4 FY17. The Company's non-GAAP adjusted net loss was $0.6 million, or $0.01 loss per share, in the reported quarter versus a loss of $1.5 million, or $0.02 loss per share, in the year earlier comparable quarter. Digital Turbine?s earnings numbers were better than Wall Street's estimates for a loss of $0.03 per share.

Digital Turbine's revenues totaled $74.8 million in the full fiscal year 2018, representing an annual growth of 86% compared to revenues of $40.2 million in FY17.

For FY18, Digital Turbine recorded a net loss of $19.7 million, or $0.28 loss per share, compared to a net loss of $19.1 million, or $0.29 loss per share, in FY17. The Company's non-GAAP adjusted net loss was $3.6 million, or $0.05 loss per share, in FY18 compared to a net loss of $14.1 million, or $0.21 loss per share, in FY17.

Cash Matters

During Q4 FY18, Digital Turbine's GAAP net cash provided by operating activities was $7.7 million compared to a net cash used in operating activities of $1.1 million in Q4 FY17. The Company's non-GAAP free cash flow increased to $6.9 million in the reported quarter compared to a negative free cash flow of $1.3 million in the year earlier corresponding quarter. Digital Turbine's non-GAAP free cash flow totaled $5.3 million in FY18 compared to a negative free cash flow of $13.0 million in FY17.

As of March 31, 2018, Digital Turbine's cash balance was $12.7 million, up $5.8 million from $6.9 million as of December 31, 2017. The Company?s leverage on the balance sheet was further reduced in the reported quarter in addition to reducing the revolving credit by $0.25 million. $2.9 million of the convertible notes were converted by noteholders in Q4 FY18.

Business Outlook

Based on information available as of June 12, 2018, the Company is forecasting revenues of approximately $23 million and positive non-GAAP adjusted EBITDA for Q1 FY19.

Stock Performance Snapshot

July 09, 2018 - At Monday's closing bell, Digital Turbine's stock climbed 4.03%, ending the trading session at $1.55.

Volume traded for the day: 355.99 thousand shares.

Stock performance in the past twelve-month period - up 47.62%

After yesterday's close, Digital Turbine's market cap was at $116.40 million.

The stock is part of the Technology sector, categorized under the Application Software industry. This sector was up 0.7% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors