Turbine
Company
Documents about Turbine
Digital Turbine Quarterly Report: Q2 FY2020
Digital Turbine demonstrated robust financial growth during the second quarter of fiscal year 2020, characterized by a 37.5% year-over-year increase in net revenues to $32.8 million.
- Digital Turbine reported consolidated net revenue of $32.8 million for the quarter ended September 30, 2019, representing a 37.5% increase compared to $23.9 million in the same period of 2018.
- Revenue growth was driven significantly by the Europe, Middle East, and Africa (EMEA) region, where quarterly revenue more than doubled from $3.2 million in 2018 to $7.8 million in 2019.
- The company successfully exited its 'Content' business segment on July 1, 2018, following the sale of its Direct Carrier Billing assets to Chargewave Ptd Ltd.
Digital Turbine Quarterly Report: Q1 Fiscal Year 2020
Digital Turbine experienced a period of significant financial growth during the first quarter of fiscal year 2020, characterized by a strategic pivot toward its core Ignite platform.
- Digital Turbine expanded its senior secured credit facility with Western Alliance Bank from $5 million to $20 million on May 22, 2019, to support operational liquidity.
- The company reported a net loss of $1.8 million for the quarter ended June 30, 2019, resulting in a basic and diluted net loss per share of $0.02.
- As of June 30, 2019, the company had 82.5 million shares of common stock outstanding, up from 81.6 million shares at the end of the previous fiscal year.
Digital Turbine Fiscal Year 2019 Form 10-K
Digital Turbine’s fiscal year 2019 performance reflects a strategic pivot toward a streamlined business model centered exclusively on its Operator and OEM (O&O) advertising segment.
- Digital Turbine, headquartered in Austin, Texas, operates at the intersection of mobile media and communications, providing monetization and user acquisition solutions for mobile operators, OEMs, and application developers.
- The company's financial results are subject to significant variability driven by factors such as product release timing, deck placement prominence, and shifts in advertising sales models (CPI, CPP, CPA, and license fees).
- As of March 31, 2019, the company reported $11.06 million in cash and restricted cash, down from $13.05 million in the prior fiscal year.
Digital Turbine Q3 FY2019 Form 10-Q
Digital Turbine’s financial performance for the third quarter of fiscal year 2019 reflects a successful transition toward a streamlined, profitable business model.
- Digital Turbine is heavily dependent on two major carrier partners, Verizon Wireless and AT&T Inc., which accounted for 43.7% and 38.5% of net revenues respectively during the quarter ended December 31, 2018.
- Consolidated net revenues grew to $30.4 million for the quarter ended December 31, 2018, compared to $22.7 million for the same period in 2017.
- The company reported a net loss of $3.8 million for the nine months ended December 31, 2018, reflecting a significant shift from the $3.5 million net income reported in the same period of the prior year.
Digital Turbine Quarterly Report: Q2 FY2019
Digital Turbine achieved a significant financial turnaround during the second quarter of fiscal year 2019, transitioning from substantial losses in the prior year to consistent profitability.
- Digital Turbine’s revenue is highly concentrated, with Verizon Wireless and AT&T (including Cricket) accounting for 49.7% and 38.8% of net revenues respectively during the quarter ended September 30, 2018.
- Oath Inc. represented 39.0% of net revenues for the quarter ended September 30, 2018, marking a significant increase from 25.0% in the same period of the prior year.
- Consolidated net revenues grew to $23.85 million for the quarter ended September 30, 2018, compared to $15.91 million in the same quarter of 2017.
Digital Turbine Quarterly Report: Q1 FY2019
Digital Turbine’s financial performance for the first quarter of fiscal year 2019 reflects a strategic pivot toward a streamlined business model centered on its core Operator and OEM advertising platform.
- Digital Turbine reported consolidated net revenues of $22.1 million for the quarter ended June 30, 2018, compared to $15.2 million for the same period in 2017.
- The company faces significant customer concentration, with carrier partners Verizon Wireless and AT&T Inc. accounting for 50.7% and 37.9% of net revenue, respectively, during the quarter.
- Revenue growth was driven by the United States and Canada, which generated $15.8 million in revenue, while the Asia Pacific and China region saw a sharp decline from $6.2 million in 2017 to $2.0 million in 2018.
Digital Turbine Annual Report: Fiscal Year 2018
Digital Turbine’s 2018 fiscal year marked a pivotal strategic transition toward a streamlined business model centered exclusively on its Operator and OEM (O&O) advertising segment.
- Digital Turbine faces significant revenue concentration risk, with Oath Inc. accounting for 23.5% and Machine Zone Inc. for 16.1% of total revenue during the fiscal year ended March 31, 2018.
- The company is heavily dependent on a limited number of wireless carrier and OEM relationships, making revenue projections difficult and susceptible to fluctuations in device sell-through rates.
- Digital Turbine entered into agreements in April 2018 to divest its Direct Carrier Billing business assets to Chargewave Ptd Ltd, shifting focus away from that specific business line.
Digital Turbine Quarterly Report: Q3 FY2018
Digital Turbine experienced substantial financial expansion during the third quarter of fiscal year 2018, characterized by a 70.7% year-over-year increase in net revenues to $38.0 million.
- Digital Turbine reported a significant improvement in operating performance for the nine months ended December 31, 2017, reducing its operating loss to $3.37 million from $18.17 million in the same period of the previous year.
- Total net revenue for the nine months ended December 31, 2017, grew to $92.04 million, compared to $69.16 million for the same period in 2016.
- The company faces high customer concentration risk, with AT&T (via Cricket) accounting for 24% of net revenue in the nine months ended December 31, 2017, while Verizon accounted for 26.6% of revenue in the same period of 2016.
Digital Turbine Quarterly Report: Q2 FY2018
Digital Turbine’s financial performance for the second quarter of fiscal year 2018 reflects a strategic transition toward higher-margin advertising services, characterized by revenue growth and narrowing losses.
- Digital Turbine reported a significant improvement in profitability for the three months ended September 30, 2017, with gross profit rising 133.5% to $7.36 million and operating loss narrowing by 80.2% to $1.25 million compared to the prior year.
- Net revenue for the quarter grew 22.2% year-over-year to $27.89 million, driven by the company's advertising and content distribution services.
- Revenue concentration remains high, with four major customers—Singapore Telecommunications (20.0%), AOL (14.2%), Telstra (12.5%), and Machine Zone (10.6%)—accounting for a combined 57.3% of net revenues during the quarter.
Digital Turbine Q1 Fiscal 2018 10-Q
Digital Turbine’s financial performance for the first quarter of fiscal 2018 reflects a strategic pivot toward high-margin advertising solutions, specifically the Ignite platform, which experienced a 120.6% revenue surge.
- Digital Turbine's core product, Ignite, is a mobile application management platform that monetizes device activations and life-cycle usage for mobile operators and OEMs through CPI, CPP, and CPA advertising arrangements.
- Total operating expenses decreased by 13.3% year-over-year for the quarter ended June 30, 2017, falling from $9.38 million to $8.14 million, primarily driven by a 25.1% reduction in general and administrative costs.
- As of June 30, 2017, the company reported $20.14 million in net accounts receivable, up from $16.55 million at the end of March 2017, with $8.96 million of that balance representing unbilled revenue.
Digital Turbine Annual Report: Fiscal Year 2017
Digital Turbine’s 2017 fiscal year report details a strategic transition toward a mobile media and communications business model, primarily focused on its proprietary Ignite platform.
- Digital Turbine reported a net loss of $24.26 million for the fiscal year ended March 31, 2017, an improvement from the $28.03 million loss recorded in fiscal 2016.
- Total operating expenses decreased slightly to $35.38 million in fiscal 2017 from $35.76 million in the prior year, driven by a reduction in general and administrative costs.
- The company carries $21 million in total debt, consisting of $5 million in secured indebtedness and $16 million in unsecured indebtedness, which limits financial flexibility and liquidity.
Digital Turbine Q3 FY2017 Form 10-Q
Digital Turbine’s financial performance for the nine months ending December 31, 2016, reflects a strategic transition toward mobile monetization and user acquisition services.
- Digital Turbine reported a net loss of $2.59 million for the quarter ended December 31, 2016, an improvement from the $5.76 million loss recorded in the same period of 2015.
- Total revenue for the nine months ended December 31, 2016, grew 8.9% to $69.16 million, though quarterly revenue for the three-month period ending December 31, 2016, declined 7.5% to $22.29 million.
- The quarterly revenue decline was driven by a 7.1% drop in advertising revenue and an 8.6% drop in content revenue, the latter impacted by policy changes at a major Australian partner.