Digital Turbine (APPS)

Company Profile

Digital Turbine simplifies content discovery and delivers relevant content directly to consumer devices. The Company's on-demand media platform powers frictionless app and content discovery, user acquisition and engagement, operational efficiency and monetization opportunities. Digital Turbine's technology platform has been adopted by more than 40 mobile operators and OEMs worldwide, and has delivered more than three billion app preloads for tens of thousands of advertising campaigns. The Company is headquartered in Austin, Texas, with global offices in Arlington, Durham, Mumbai, San Francisco, Singapore and Tel Aviv.

Company profile

Ticker

APPS

Exchange

NASDAQ

Website

www.digitalturbine.com

CEO

William Stone

Incorporated

Delaware

Location

Texas

Fiscal year end

Mar 31

Sector

Real Estate and Rental and Leasing > Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

Industry (SIC)

Patent Owners & Lessors

Dolby Laboratories • Interdigital • Acacia Research • Franchise • American Acquisition Opportunity • Xcel Brands • Virnetx Holding • Network-1 • Finjan • Research Frontiers ...

Former names

DYNAMICWEB ENTERPRISES INC, EB2B COMMERCE INC /NY/, EB2B COMMERCE INC //, EB2B COMMERCE INC /NY/, Mandalay Digital Group, Inc., Mandalay Media, Inc., Mediavest, Inc., NeuMedia, Inc., SEAHAWK CAPITAL CORP

SEC CIK

0000317788

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

AdColony AB • AdColony ApS • AdColony GmbH • AdColony Holdings • AdColony India Pte Ltd • AdColony Japan LLC • AdColony Korea Ltd • AdColony Singapore Pte Ltd • AdColony, Inc. • Digital Turbine (EMEA) Ltd. ...

IRS number

222267658

APPS stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$13.00

Low target

$9.00

High target

$20.00

Latest filings (excl ownership)

View all

25 May 23

Digital Turbine Reports Fiscal 2023 Fourth Quarter and Fiscal Year 2023 Financial Results

8 Feb 23

Digital Turbine Reports Fiscal 2023 Third Quarter Financial Results

9 Nov 22

Digital Turbine Reports Fiscal 2023 Second Quarter Financial Results

9 Nov 22

CT ORDER

Confidential treatment order

21 Sep 22

8-K

Submission of Matters to a Vote of Security Holders

8 Aug 22

Digital Turbine Reports Fiscal 2023 First Quarter Financial Results

8 Aug 22

Transcripts

View all

APPS

Earnings call transcript

2023 Q4

24 May 23

APPS

Earnings call transcript

2023 Q3

8 Feb 23

APPS

Earnings call transcript

2023 Q2

10 Nov 22

APPS

Earnings call transcript

2023 Q1

9 Aug 22

APPS

Earnings call transcript

2022 Q4

31 May 22

APPS

Earnings call transcript

2022 Q3

9 Feb 22

APPS

Earnings call transcript

2022 Q2

3 Nov 21

APPS

Earnings call transcript

2022 Q1

10 Aug 21

APPS

Earnings call transcript

2021 Q4

2 Jun 21

APPS

Earnings call transcript

2021 Q3

4 Feb 21

Latest ownership filings

View all

Senthilkumaran Kanagaratnam

25 May 23

Matthew Gillis

25 May 23

WILLIAM GORDON STONE III

WILLIAM GORDON STONE III

3 May 23

J. BARRETT GARRISON

3 May 23

Michael Benjamin Miller

14 Apr 23

Financial summary

Financial statements Chart APPS financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 23	Mar 22	Mar 21	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	75.56 mm	75.56 mm	75.56 mm	75.56 mm	75.56 mm	75.56 mm
Cash burn (monthly)	1.43 mm	4.30 mm	5.62 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	2.95 mm	8.84 mm	11.57 mm	n/a	n/a	n/a
Cash remaining	72.61 mm	66.71 mm	63.99 mm	n/a	n/a	n/a
Runway (months of cash)	50.6	15.5	11.4	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

APPS institutional ownership history Ownership history

68.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	245	269	-8.9%
Opened positions	32	36	-11.1%
Closed positions	56	26	+115.4%
Increased positions	76	92	-17.4%
Reduced positions	84	94	-10.6%

13F shares	Current	Prev Q	Change
Total value	835.46 bn	1.49 tn	-44.0%
Total shares	68.61 mm	65.37 mm	+5.0%
Total puts	2.18 mm	2.51 mm	-13.3%
Total calls	2.29 mm	3.13 mm	-26.9%
Total put/call ratio	1.0	0.8	+18.6%

Largest owners	Shares	Value	Change
BLK Blackrock	14.27 mm	$176.38 bn	-5.4%
Vanguard	11.13 mm	$137.51 bn	+3.2%
Granahan Investment Management	4.41 mm	$54.49 bn	+28.1%
STT State Street	3.48 mm	$43.02 bn	+8.3%
American Century Companies	2.43 mm	$30.02 bn	+13.4%
Rice Hall James & Associates	1.85 mm	$22.88 bn	-1.3%
Geode Capital Management	1.77 mm	$21.85 bn	+4.6%
D. E. Shaw & Co.	1.36 mm	$16.81 bn	-33.0%
MS Morgan Stanley	1.14 mm	$14.12 bn	-18.0%
Voloridge Investment Management	1.03 mm	$12.72 bn	+2.1%

Largest transactions	Shares	Bought/sold	Change
Pacer Advisors	1.01 mm	+1.01 mm	NEW
Granahan Investment Management	4.41 mm	+968.40 k	+28.1%
Norges Bank	0.00	-861.23 k	EXIT
BLK Blackrock	14.27 mm	-818.05 k	-5.4%
Divisadero Street Capital Management	805.00 k	+805.00 k	NEW
FHI Federated Hermes	707.30 k	+707.18 k	+579654.9%
Arete Wealth Management	0.00	-681.19 k	EXIT
D. E. Shaw & Co.	1.36 mm	-670.41 k	-33.0%
AIGH Capital Management	670.05 k	+670.05 k	NEW
IVZ Invesco	1.01 mm	+657.16 k	+184.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

APPS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 May 23	Chestnutt Roy H	Common Stock	Buy	Acquire P	No	No	9.17	6,515	59.74 k	124,125
30 May 23	Robert M Deutschman	Common Stock	Buy	Acquire P	No	No	8.765	5,000	43.83 k	304,017
22 May 23	Garrison J. Barrett	Common Stock	Grant	Acquire A	No	No	0	43,524	0.00	405,412
22 May 23	Garrison J. Barrett	Performance Stock Units Common Stock	Grant	Acquire A	No	No	0	34,819	0.00	34,819
22 May 23	Garrison J. Barrett	Performance Stock Units Common Stock	Grant	Acquire A	No	No	0	87,047	0.00	87,407
22 May 23	Garrison J. Barrett	Common Stock	Grant	Acquire A	No	No	14.36	64,291	923.22 k	64,291
22 May 23	Stone William Gordon Iii	Common Stock	Grant	Acquire A	No	No	0	106,198	0.00	1,717,248
22 May 23	Stone William Gordon Iii	Performance Stock Units Common Stock	Grant	Acquire A	No	No	0	69,638	0.00	69,638
22 May 23	Stone William Gordon Iii	Performance Stock Units Common Stock	Grant	Acquire A	No	No	0	212,396	0.00	212,396
22 May 23	Stone William Gordon Iii	Common Stock	Grant	Acquire A	No	No	14.36	156,893	2.25 mm	156,893