AP NEWS

Digital Turbine: Fiscal 4Q Earnings Snapshot

June 3, 2019

AUSTIN, Texas (AP) _ Digital Turbine Inc. (APPS) on Monday reported a loss of $6.9 million in its fiscal fourth quarter.

The Austin, Texas-based company said it had a loss of 9 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 3 cents per share.

The mobile software company posted revenue of $27.2 million in the period.

For the year, the company reported that its loss narrowed to $6 million, or 8 cents per share. Revenue was reported as $103.6 million.

For the current quarter ending in July, Digital Turbine said it expects revenue in the range of $28 million to $28.5 million.

In the final minutes of trading on Monday, the company’s shares hit $3.68. A year ago, they were trading at $1.81.

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