AP NEWS
Click to copy
Click to copy

Digital Turbine: Fiscal 1Q Earnings Snapshot

August 5, 2019

AUSTIN, Texas (AP) _ Digital Turbine Inc. (APPS) on Monday reported a fiscal first-quarter loss of $1.8 million, after reporting a profit in the same period a year earlier.

The Austin, Texas-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 5 cents per share.

The mobile software company posted revenue of $30.6 million in the period.

For the current quarter ending in October, Digital Turbine said it expects revenue in the range of $31 million to $32 million.

Digital Turbine shares have more than tripled since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.66, more than tripling in the last 12 months.

_____

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

All contents © copyright 2019 The Associated Press. All rights reserved.