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Stock impact report

Digital Turbine up 2.1% as revenues grow 46% [Seeking Alpha]

Digital Turbine, Inc. (APPS) 
Last digital turbine, inc. earnings: 2/10 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.digitalturbine.com
Company Research Source: Seeking Alpha
Digital Turbine (NASDAQ: APPS ) is in late trading after fiscal Q1 earnings where it missed expectations but grew revenues by 46%. Revenue grew to $22.1M, paced mainly by higher revenue per device with large U.S. carrier partners, but missed expectations for $23M. Adjusted gross margin fell to 31% from 37%. EBITDA came to $0.16M, light of consensus for $0.47M. For Q2, it's guiding to revenues of $23M (below consensus for $24.2M) and sequential EBITDA improvement. Press release See all stocks on the move » Now read: Everspin Technologies -10.8% on mixed Q2, downside guidance » Subscribe for full text news in your inbox Show less Read more
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