Digital Turbine: Fiscal Q1 Earnings Snapshot

August 8, 2022 GMT

AUSTIN, Texas (AP) _ Digital Turbine Inc. (APPS) on Monday reported fiscal first-quarter net income of $14.9 million.

The Austin, Texas-based company said it had profit of 15 cents per share. Earnings, adjusted for amortization costs and stock option expense, were 38 cents per share.

The mobile software company posted revenue of $188.6 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $184.7 million.

For the current quarter ending in October, Digital Turbine expects its per-share earnings to range from 32 cents to 34 cents.

The company said it expects revenue in the range of $170 million to $180 million for the fiscal second quarter.

Digital Turbine shares have declined 61% since the beginning of the year. In the final minutes of trading on Monday, shares hit $23.70, a decline of 64% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APPS at https://www.zacks.com/ap/APPS