APPS - Earnings call transcript Q2 2018

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Operator

Good day and welcome to the Digital Turbine reports Fiscal Q2 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Brian Bartholomew, Senior Vice President of Capital Markets and Strategy. ahead. go Please

Brian Bartholomew

afternoon Second Good to Digital the Thank XXXX and Earnings Fiscal Quarter Conference Turbine you. welcome Call.

Barrett Joining me are our and results discuss to CFO. Garrison, on the Bill call Stone, today our CEO;

and would I that future beliefs, forward-looking forward-looking including expectations you today other statements started, get based remarks market and we like take services, our to our statements. this forward-looking include metrics, and on projected products to anticipated will are operating remind opportunity These demand topics. assumptions, Before current

Although that not assumptions inevitably reasonable, guarantees forward-looking Except we are of be any will update law, as statements. to we some undertake our believe to they no required by future are performance prove obligation incorrect. and

of our our to contemplated during will file Commission. a from those measures measures this information statements, materially performance. forward-looking Non-GAAP with actual Exchange today’s of we GAAP results to the the release these the discussion the the could For for financial well reconciliations non-GAAP substitutes refer of documents Please most by differ Also of using are to limitations call, as refer risk please to our measures. for factors about measures and important measures. results we certain as press non-GAAP Securities cause discuss that GAAP non-GAAP comparable not

Now, it Mr. is my pleasure Stone. to turn to the call Bill over

Bill Stone

for all progress want I today. thanks to prepared us and stated our against our joining goal. remarks my Brian, with to Thanks, start

in quarter, profitable was our while I'm that the strategy. than we our Our report goal to sustainable the which quarter. solid demonstrating pleased has been September against execution profitable a momentum business more June build to and continued

into out review some our strategic this quarter break I’ll business. of an quarter; and the comments partner expect continue September finally, to my December favorable the about direction and customer some We future operational updates; trend. of the remarks

performance. operational on First the

year up This by quarter the September $XX.X and was Our North million, Galaxy which quarter, of million million year. in overall American XX% June $XX.X the primarily a quarter driven for which launch O&O ago. our successful X. business last Samsung OEM September Operator from $XX.X to and In at the a million the and for Note revenues success with $XX.X were operators particular, our was in compared finished

We have O&O very business expect current our continue good momentum in and momentum to with quarter. that the

A&P, Publisher, Advertiser Our business at or million. and $X.X finished

need the have business higher-margin away said resources I the from has revenue an prior past to from structural refocusing September As on combined margins there of O&O calls, declines, have last Despite quarter. been to A&P address. XX% that we grown with intentional issues our this to XX%

This XX% Our business sequentially. double-digit quarter of represents was content sequential third consecutive up growth. our

we expect subsidiary to migrate impacts as continue some Australian away XXXX and as quarter to types, success operators those XXXX games, SingTel’s such videos have Vodafone transition effect December subscription from do already the merchants mobile in event-based Australian negative in of at charging. driving March go for music, most in been revenues. Our We quarter for expect Australian the into change revenue has and Optus. This and effect will for modest services new Telstra for services the content and traditional

and still tolls, pay our to when growth We content of magazine, sequentially types revenues Australia. total compared Pacific percentage expect region as on doubled continue of than driver in we new expand in to the future of such smaller broader become to see Australia. revenues parking, more Australia, while and new outside the Asia of newspapers connections so And

customer Next let me shift to updates.

our advertisers. with pleased receptor I to want the First advertiser. of been I've diversification

our approximately companies In the year, today. attribute Machine year such NEO; and groups: other and can ago main words, as XXX% and increased O&O by final Index. contribution our to largest top was the ranked EA, gaming declined the XX% while And America than distributors utilities, most as applications, stocks, the and of O&O just last America XX%, as Digital on. ecommerce like weather, revenues gaming in Facebook recent AppsFlyer This highlighted same Twitter. providers’ players Zone; the Bank Android non-gaming McDonald's; more to revenue and increase secondly, of for and advertising XX% are in so in growth advertising of of were North category, one behind brands Performance was King, gaming eBay, such the our such providers flashlight actually Starbucks, from thus five as comprised such year non-gaming four this Zingo, advertisers revenues. Amazon, Our social third, of Turbine our

RPS, or Galaxy momentum in in the still launch Galaxy regional in of SX $X.XX have for third-party $X.XX. North high-end global of but months at outside America as and the performance slot, was launch the to months campaigns first demand work our We have results. we devices, The positive lower-end the month RPS continues and in sales continue per revenue for people additional optimistic This SX X Our on first drive devices. those I'm improve improved combination to devices the some its Note the of do compares U.S. to to strong first $X.XX. the both being will relationships RPS and of

I our of revenues it some was less overall partners have American over as North make more seen revenues OEM want is XX% higher-margin of declining. is of Last but to which than operator, was our partner that begun We've growth also profit, our expect ramp. encouraging operator continue it a other our major to gross I ramp continue. at O&O year revenue to overall this advertising gross comments partners. largest annually, XX% that it North and American grew half to than pleased about percentage be of profit was operator large the year our and Next

about I part bear now but I'm to and feel both same our material TracFone, expected to many relationship enthusiastic accounts have the get took with to and future years about is T-Mobile story. longer-term investors prospects fruit, them. a many taken market, longer As O&O our know, this but of

Our continues Indian to footprint expand.

to We our Micromax quarters the prior Jio's expand they phones. from and volumes focused Indus. lower-end Jio, as slowed feature has do on advertising with are relationships continue device

the markets, smartphones with million approximately quarter XXX to global anticipate from in see Pacific Telenor in XX expect also to mobile is in in market We XX launch our them. operators XXXX. one Also with additional with Ignite this first including we in XX million largest them the Thailand Asia later subscribers Telenor over of top region, as Thailand.

APK OEM very pipeline American add to region region launch still new partners. performance nearly as we Archos. our finally, is Motorola, with doubled in expect pipeline And many Mobile. driven of in than tripled with both the in relationships by with strong The companies as our some also and seen Our such Latin small America of have resonating Europe growth traction revenues scale that platform more continues. We've revenues, while the potential And increased with our XXXX revenues annually. and our in improved annually, story percentage overall and O&O a is Acer, well our OEM BLU

market take traction remarks. in The to towards my really major this a to And final OEM story marketplace. push generated or open the leads We to of platform has unlock footprint business prepared are the advantage broader the devices. development section our improve making trend in

meaningful platform just of but than today's this, single same devices. business just And multiple larger be with building streams key million our business but with and growing product step in streams our scale XXXX the function key are stream We’re at and for our are build into from way. quarter the The that a how devices off not investors revenue for a a potential going This that over XXX we in new me here now response a ask is number investors XXX having platform, future devices a to catalyst that do much, results. Digital to Turbine in growth. look can at million the is accomplish is key metric are and beyond. on years, get adding the the When each few revenue with and get scale to devices hundreds a the revenue not of big view flywheel millions we how Ignite from material that is to and much

these. We’re major macro few seeing capture that a trends to were well positioned for extremely

into of there, platform, whether via tech now compound billion, advertising trialed any exclusively. of a from provide this Oath growing fiscal about scale business part to tech across delivers Ignite business another applications is trend DT and of of of and with growth year, larger the or sold be of X.X Snap, internal XX% major been story product excited access this advertising First at our and Facebook, to to We've scale, smartphone and secondly platform opportunity avenue get one those our results on growth growing $XX the overall at an side growth market is as but billion application of to at trial but can encouraging. launched as priority application this a much on any growth, company. opportunity all of the American one rate. year is consumers from advertising the future. is were smartphones partners with today one-click Media at not is large year, Delivery growth we're We��ve annual partners, our and through a We capability the that of the large this as is working Twitter, the the that while reminder North our earlier our partner this need them the

market. now problem. trend the get from is is We to customers focus don't to to devices that the open as deliver device itself. buy an longer-term operators better hard independent fees their believe operator the applications device It’s embrace the we Next for why the versus just from as customers cards pay Ignite off the as our today. SIM a dealing reach operators have device experience We approach. many is a approach license Today, the the to this think are that solves the on versus market OEM, operator to open their to ability of are this changing open-market these

rate. quarter In yield were to profit gross that to current by platform we today So profitable envision have multiplying of time the excited very are additional want internal these Analyst all numbers. multiples future saying above dedicated very strategy. device we beat this and we another value. can off to some some in potential $X.XX about by different those run that and could our large spend of this We more how I where and focused that we be to revenue shareholder Investor Day remarks why the early was most conclude anticipate will accrete solid, of having And September the for streams an expectations. the on our devices is the future illustrative XXXX, able build purposes, my

So short-terms I'll is good take but about. the the I'm long-term you what turn Barrett in numbers. really are that enthusiastic to it through over with shape and And to the optimistic

Barrett Garrison

I'm in and experienced Thanks, Company's an pleased second delivered profitable and quarter good We solid revenue growth. Bill, the EBITDA accelerating the afternoon QX. everyone. performance adjusted with consecutive of rate

progress delivering our make to profitability sustainable continue flow. generating We free and in positive objectives cash toward

now financials. the to Turning

consecutive to growth down less revenue represents and $XX.X the XX%. partners a $XX.X of of revenue our inside and E&P new our the million up business. enabled quarter. This $X.X O&O non-GAAP revenue of XX%, period second million additional to fiscal $X.X XX%; million of year-on-year of business, year-on-year business. ramping versus year. advertising, with the period O&O Advertising $X business this a on Samsung mix. the Total in stem revenue gross from testament to same launched This driven is time XXXX Note EBITDA margins our than platform. revenue compared recently of successful of in $XX.X units fiscal XXXX. quarter as the our quarter Expanded X the million unless revenue same revenue million shift in expansion continued grew of basis XX% on as up increase for quarter advertising, noted. $X improvement the quarter the of our expanded quarter largely grew mix margins prior from $X the of revenue of million QX was million XX%. gross year-on-year gross embedded quarter, to prior a the year. attraction loss leverage growth compared are All third in QX marks Combined from towards otherwise combined continued higher within adjusted improving X% the the on to quarter of margins by million $X.X our second in in year-on-year million was during margin total Non-GAAP comparisons the the $XX.X of XX% to in profit is quarter revenue in was the operating was now our margin with all XX%. positive million launch In across X, million the and the by our Content O&O sequential dollars

Let me improvement encouraged lead in noting discussion to overall. by with expand pleased our we on margin about opportunity why the our that continued an margins this gross area are

and content vary and these between in Our fluctuations gross changes margin and during licensing higher may revenue extenuated periods to be partner mix sensitive quarter-to-quarter. be rates from and can can type our advertising seasonally

financial fiscal expenses. type for down, expenses total company's the same annual in XX% lower recorded operating to year-over-year. year. for half of year quarter accrued the in company's earned $X.X by the bonus excluding employee plan, the half offset performance first These year. reductions largely stock prior expense of from through - G&A quarter to the our cash and partially were an totaled important Now efficiencies prior are down depreciation not hosing the this tied cash technology the operating the turning through costs $XXX,XXX It's the continued or expenses was Expenses point in realizing out, expenses or year. driven in first expense the million, $X.X down Overall, compensation million is to second from quarter expenses, and reduction

compared constant continue experience per dollars, $X.XX adjusted time. this expense growth the share profit XX% impressive on during of $X.XX platform, or was Non-GAAP or We delivering first to of loss million XXXX. loss scale net million expenses same in as a share loss net quarter holding the the gross quarter the in cash in while quarter $X.X to $X.X

loss quarter $X.XX net sensitive share second GAAP net the XXXX. the XX.X compared or net based on was GAAP loss $X.X or first million of the per Our shares Including per price $X.XX quarter, a million end loss $X.X the for XX% of in weighted of for million in the outstanding our to our from quarter share, is is to increased of company's end impact $X.XX September for a almost $X.X of fiscal quarter. value million to recorded the loss June of the the convertible at from liabilities derivative stock change resulting fair a of which note, the which from $X.XX highly at

liability the our reported have financials. and will reminder, a material As a our balance on derivative sheet may on GAAP our price stock moves fluctuate impact as

balance note of finished capital a first at the of convertible as We conversions of converted in operations in reduction September June principal these inclusive million by approximately in from Moving quarter, holders the offset from resulting the million common end, issued of million our were the on stock $X.X short-term these holders. by which in balance of $X facility. decrease expenditures $X.X to from quarter. the interest million was Within shares of $XXX,XXX a $X drawn during revolving debt, semiannual was million total quarter at of the $XXX,XXX $XX to $XX notes at XX payment, quarter gross positive down of million end $XXX,XXX sheet. the associated amount XX, generated quarter, with notes million of note these with Cash were a quarter. cash modest our to X the cash, the

revenues fiscal turn projected currently on million, me representing of XX%. We $XX growth a let to QX approximately of our XXXX. year-on-year Now outlook expect

to our and positive we generate let the EBITDA reaffirm it questions. operator for adjusted continued continue We and to our expectations In year strong in improvement sequential to EBITDA fiscal back up in full-year of open was a adjusted to With profitable the that profile. call quarter financial Operator? QX another XXXX. me summary, strengthen quarter. delivered EBITDA growth expect We hand

Operator

Thank you.

the from Brian question with Instructions] We Please session. begin ahead. ROTH question-and-answer go Our [Operator first Capital will comes now Partners. Alger

Brian Alger

within what's we after bit past content couple a on expecting on to business growth? the it as quarters of of we Australia. the in I of get a going there mean though want should some sound I clarity pause

Bill Stone

Yes.

seen as nice the and content we've working over Brian, transition growth few are the we Australian of ramp-up a and quarters new So in us are past the really merchant. operators with

So businesses, that cetera. touch these newspapers et like on small parking, toll, magazine,

on to something being be really get migrate and to going I XXXX focus we some the that of see over So more traditional activities, that events. subscription are we

is materially but we that direction this anticipate a and grade it our to XXXX, modest nothing impact be guidance fact we guys. want that So this have to you in in

Brian Alger

in revenues as E&P. the businesses percentage bigger O&O the and as obviously a fluctuations Well, that's masking has become content well of obviously

within tide X.X how much this curious Just content reported the for does to Australia?

Bill Stone

of majority vast that The tide Australia.

Brian Alger

we at Just as making looking forward, that delivers, you maybe ready it you steps you to Scalia. not but Can though to you then look that need sure. do and were some Great. next at quite And we're walk maybe trials we [Australia]? go go have before the to sounded milestones ready are through at

Bill Stone

quarter to but bit wouldn’t I do partner December the needle North world again inclusion story over moving have against advertising eluted the we Yes, that. partner so encouraging, this think so do of early key basically end have share some and with But in across of be here and the anything I at to and working recently able perspective, some American year. any anticipates advertising all some I of of guys terms been partners that year not a on trials fiscal to just are one all do. But we next little had of the scale. there to with are quarter things time is still results, material to trial of for a one expect work it do and progress we’ve in scale. anticipate results our March nice just of the kind side much into the material results text that of to is fiscal We've distinct albeit from of partners our our more a and technical to large a the operate

Brian Alger

more working and tide that's are that the is open licensing tide talked to separate? about going the focus device, market? a into Okay, carriers into be from something your thing that the You is open the same aspect business with on of they from or

Bill Stone

are Yes, they so them separate, streams. would of they but different are -- as I think revenue

one stream revenue So advertising would from partners. be an

So Facebook and access tail long you click whole customers. or a to Oath really of can think that to Twitter advertising partners their wanted Snap, one of and over

So we and to that those stream. will partners revenue advertising that through deliver one Ignite go work with would and out I capabilities of as view

that, able s opportunity to that do licensing those operate capability we get we point through we deliver customers? So view The to relationship. our it’s devices experience stream have if And AT&T in open-market from and the our in customers. goes to networks. the on hey, really pain experience have to second pain experience or and these our solving the can point geographies over to to operator versa same comes is these want an all got cards to as these you How having every get us Verizon other Ignite and marketplace. the revenue hear better get a customers big on to globe, sim sticky the can don’t vice our a to we would phone a of is, which out pay or those that coming to back be all on how The phones analogy we

we're So about. something excited really

Brian Alger

Yeah.

the way points targeting back years you So it's of were that back. looking guys several pain we’ve that but one original been involved, going at

those would So that a of today, do in to might it are breakdown see States, with rough those located? where assume the be along. great you that marketplace domestically of Ignite was geographic moving devices most a you have it’s in the terms United million here in I And mentioned XXX

Bill Stone

geography. we so didn’t out Yeah, break by them

we as context will forward and a time. When we get our to in we think I it. analyst day, go lot more provide texture investment around

a of get I streams we that we're that can America it revenue America. but do will going today. geographies, the they’re lot off once but this it's lot out mean, future, in see other that plan platform our conclude that to think the Latin metric a into to of and breaking investors today to on something want because all But I made really we’ve for yes, get wouldn't the in opportunity of device. India about not to North We it’s as multiple then device, progress the business a we and

is So be on will you're important. looking go-forward at a we a device metric basis something think

for on tuned that. stay yes, So more

Brian Alger

go should So phones thinking delivers off, so on it as so it's potentially be not installed sounds just that -- base? - much when like going new scale to that we that about at ready at

Bill Stone

right. That’s

Operator

Our with Mike comes from Please Malouf question Craig-Hallum next go ahead. Group. Capital

Mike Malouf

focus the little about I’m Great. be the XXXX, you go traction bit taking next little a timing more of you wondering because a Latin a on talk to can into big guys. a there you big can software America about a of and impact and to always with talk out Mobile America, as could we had look calendar little bit Thanks just that you as the if going questions in we for that thought we APK? If that. the we just my And was bit expect contributor play a year?

Bill Stone

America more lot around little me advertiser America scaling well. I'll footprint one things and so will because that broadly a on bit the in second. Yes, about pretty, Mike prettiest in a a that happening pipeline of let talk I'm of in just versus terms about some as and that now, demand our there about us We've of talk partner, excited a right Latin got and good Latin help

tuned So that for as you well. stay

now in of in Latin one seeing markets the world. fastest of OEM So growing a the America, that right traction the that's smartphone we’re lot

in there's in another my yields referenced the think catalyst remarks I OEM America. some I prepared So will nice Latin of be

that Mobile you’re the them have yes, specifically, limitations it. solution with some with American Regarding SDK correct, merged we

anticipating the them won't will devices. embedded It new out to APK base. XXXX on But We’re be be an solution. migrating over that their to

deliver important much performance, better better yield that’s will will But rates, there. install solution better much and much improved So distinction data that APK that all results.

So we're bullish in American American and relationship and expect extremely that I first to next in see Mobile -- our in the marketplace half would of Latin the with can’t APK, calendar year.

Mike Malouf

Do be you out is? the SX Samsung what new think before will the SX it or or the

Bill Stone

Yeah. No, comment no on that.

Mike Malouf

on just regards around? with start Okay. TracFone, that then when about you and little a can to And you a comment follow-up to expect do your T-Mobile and bit talk

Bill Stone

Yeah, sure.

both said long story So remarks, I following is time that just taken bear this fruit, we’ve opportunity bring have to for TracFone relationships longer think investors of who I T-Mobile been we've with my it's those time, the some a business. because and some in rewarding, liked But for we’re fruit to these why the relationships have it. I'm a so taken that’s and which about can long excited prepared relationships the and bearing than

said but we've on. taken some year with fiscal attraction we on prepared them, we they've to but to taken different than they've longer for longer see earlier reasons As of go that this get didn’t expect liked remarks, both in --

Mike Malouf

-- Other our sort than you that of that moving to next….

Bill Stone

affecting. also are --- I think yes, No, they

Operator

Sinha comes Please question Riley. go B. next from ahead. Sameet with Our

Lee Krowl

terms more filling on in Could international dig making but differences kind RPS? some product It international actually seems in there taking? give the guys the of are opportunities are Lee kind want steps commentary maybe like for the guys progress I just to and Sameet. in just great is of profile to margin between U.S., kind This and with the in new growing domestic of you of GM and you launches Krowl and

Bill Stone

sure. Yes,

think just think I about in of I talked streams I growing context about. in context international, about we all revenue the it think the I So think not when of the RPS, about

today but one example notifications there to your question licensing RPSs Brian's partner that. cycle that Reliance about will one think we and on Millicom folders with example, business, is delivers another operator such talked with and be from additional Jio we So life would some for here earlier be now then things as pattern international and are of things services, added as that

in international so drive double one broader Europe three there that those America North on get way three those some that that improve one. when to off to but drive international with remarks these than the campaigns value international on that on on just really think the is you lead to driving to be scale, popular about the then do hiring scale Latin cart So it to party and primary to scale as as can RPS to third-party local to in other majors internationally lot little talked about sales said bring would advertising we're RPS going local we're I got get Number America, third as of see I local a to and as so only we done RPS but just India applications bring areas revenue avenues. is and market in Yes, agencies as it those demand focus is challenge some to is those specifically. ground we about scale our or That's we're this devices here through companies key of additional think devices is just third don’t in want relationships those people local be streams bit the global two I markets. we've my we helping revenue in prepared of markets able And the improve us for coming so I get we've number additional global RPS, Number is specifically. streams RPS than distributors we RPS and global are of of to them. there in really

Lee Krowl

you And you sense, you reaching these are relationships More Is effort? about spend. better on opportunities? of about and consumer second. banking or beyond increasing a quarter through how kind Last institution then can just broadly spoke gaming large that of agency or that guys sales kind is social just talk direct

Bill Stone

both. Yes, it's of a combination

So our I'm new team just activities and job fantastic but direct days the or a non-gaming. has also brands continuing gaming bringing sales not the done gaming in

But relationships done bear of starting nice and brought with different agency are in fruit we've some ramping. us. they've to lot a So those job

Lee Krowl

I fixed the can What base. -- fairly And that I again on line leverage growth? expense able to of invest as to kind this then top sales to kind drive on are as you of leverage just with kind grow have of you grow revenue bit guys you just have you guys can regards continue cost of kind to Because in those a what mentioned that little going were would basis? to have drive assume curious know you to you fixed a

Barrett Garrison

Yes.

business. been remarks, our So we've been very scale - we we concluded from as impressive would the have with from have the

making to large operating We globally. leverage have have and amount the scale our But than to domestically of and investments we in here. been expect teams force technology sales continue both

delivers, make will the variable our expense as to our deploy the increases cost technology continue be. of environment. we're related I the some investments but Those do will to think We will and about like achieve. overall we things will about continue increase the to where we have host scale in optimistic some

Operator

National Ilya from [Operator ahead. go with Instructions] next Our Grozovsky Please question Securities. comes

Ilya Grozovsky

a couple questions. I So of just had

in had color to October you mentioned additional prepared be some or was the get you did supposed on about you I your think, month, September? September, where that remarks Bill, mean

Bill Stone

any Yeah, September. really it We was on the current color didn't provide quarter.

Ilya Grozovsky

of quarter. business, little given how kind you O&O the me that a XX bit devices the the growth just sequential the give then sequential And Okay. kind million in on of of of color Ignite in in Can growth correlates?

Barrett Garrison

Yeah.

and as well in about as coming while rest think the our at device both of would regions. we're our all the out, you as all world. American launched not a So America stages different North growth, several and over Ignite our new all came growth and in other fortunately our But in we've number we're Bill of as in well areas Latin those But partners across India as it legacy and I from right, breaking growth regions of regions, large in last partners seeing alluded, partners different quarters. each in

growth across So I'd say seen all areas. sequential most we've

Ilya Grozovsky

what you’re have My just - at I did were thought your to just in that unit translates that quarter, about in in that a revenue Thanks. Because June to XX growth. given sequential how growth. how it have probably would question million trying and O&O, growth been revenue I XX% was sequential now refers to if growth? I'm look the you growth would million. larger sequential you XX.X

Barrett Garrison

late But substantial, X is was June that the the be Yeah. reminder lift, but modest September year-on-year thing here, Note contribute I obviously sequential had quarter, our launch in O&O some quarter, a gave so to as the just quarter. unusually in the we revenues, and lift recall, over Ignite a messed growth XX% the fact year-on-year the SX that while revenue don't was want grew the the launched which in One then of to which in kind high September

Operator

This concludes Bill over I any to our the conference closing Stone to like session. would back remarks. for turn question-and-answer

Bill Stone

on you Thank and Thanks all today. everyone a on fiscal Great. you. for made our call. great the look again the points call third on We joining we'll have talk and reporting to progress night. against for quarter today's to call our Thanks forward

Operator

concluded. has now you presentation. attending today’s for Thank conference The

You may now disconnect.

Brian Bartholomew	SVP, Capital Markets and Strategy
Bill Stone	Chief Executive Officer
Barrett Garrison	Chief Financial Officer
Brian Alger	ROTH Capital Partners
Mike Malouf	Craig-Hallum Capital Group
Sameet Sinha	B. Riley
Ilya Grozovsky	National Securities

Digital Turbine (APPS) 7 Nov 172018 Q2 Earnings call transcript