Digital Turbine: Fiscal 2Q Earnings Snapshot

November 4, 2019 GMT

AUSTIN, Texas (AP) _ Digital Turbine Inc. (APPS) on Monday reported a fiscal second-quarter loss of $1.4 million, after reporting a profit in the same period a year earlier.

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

The mobile software company posted revenue of $32.8 million in the period.

For the current quarter ending in January, Digital Turbine said it expects revenue in the range of $37 million to $38.2 million.

Digital Turbine shares have nearly quadrupled since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.11, climbing fivefold 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