APPS - Earnings call transcript Q1 2019

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Operator

Good afternoon and welcome to the Digital Turbine’s Fiscal 2019 First Quarter 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]. is event this note being recorded. Please now Brian Bartholomew, would Strategy. like Capital to to over conference the Senior and turn Markets I Vice of President go Please ahead.

Brian Bartholomew

quarter to Thanks, Digital and Good earnings welcome Kate. Turbine call. afternoon first fiscal XXXX conference the

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

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

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

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

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

Bill Stone

Thanks, joining build which is and to profitable growing to Brian. today. goal And stated you our start thank all for with want us a I business.

am to into with XX% consecutive quarter several break fifth my positive revenue headwinds. three quarter areas. EBITDA despite out was adjusted June our Our comments growth year-over-year going I of

around our agreement is some Verizon. First with commentary new

business. commentary a recap media growth our products three around of operational will quarter. is some and devices, final our of new levers Second be And June the

only XXXX in, year through that First, we’ve on will a also I’m interested four Verizon August but notifications post-install reached such This and products process that new products Folders, the our of new Single announce Tap, as actions. with executing are will new current deal agreement. pleased cover not to and is includes Verizon in go agreement agreement

gross accretive profit term expect contract. are tiers us no and as us. this margin identical prior are to for lowest In opportunities share to and are over percentage. revenue are to achieve prior revenue agreement, that our tiers the other words, be terms incentives our margins of There upside to agreement. gross revenue to deal we unfavorable the our higher there The revenue We commercial only improve for

incremental collaboration are We Verizon's this that also additional exploring would request be to at product opportunities agreement.

next filing are anticipate expiration minor agreement on administrative of details We some week. an the the processing current and X-K in the of advance agreement

June at revenue, on EBITDA. I our delay by of a one-time margin our US capabilities of expectations; platform. performed a finally, with social Next, prior disappointed the XX% over quarter: one major partners our million headwind was higher of quarter the revenue sales break expansion year up in below device; and our $XX.X and Tap positive flagship a $X.X headwinds for adjusted If million tailwinds partners finished it from and media side, the international key Single out in

our and demand of and On XX% revenue results large less year and social than media our X% key quarter a the RPD from $X or from and tailwinds to that of of health ago year. tailwind for driver This business over now our the advertiser large a Other strong fundamental same growth. compares per with pleased a in the showcases for included I very device $X.XX other products side, positive metric revenue partner contribution of that momentum AT&T, of our US was last to operator. see revenue, platform was is which States United

growth three our Now, platform: quarters. see future and more drivers from We devices; deeper and the turning more current and relationships. to media main more products;

added we million XXX devices now to which in the million quarter base. on us brings XX.X devices First June in devices, over our

We have annual represent incremental with million seven devices. of opportunity recently XX contracts that signed OEMs an

with have the and numerous exploring inbound be product pipeline for product. Some high-profile I’m received already We've with also launches just of screens a process. OEMs single these teams versus and very will September about launched they types in calendar expansion of The interest greater all than is beyond quarter, and our also are this moving into multiple other the very expected R&D will of our deep these excited platform just smartphones. year. in encouraging launch pipeline as

Our second business I our from ago, our as earlier, XX% from year products, mentioned a revenues were preloads. growth lever of of dynamic O&O

device particular, be has product contribution but for our this overall but in existing may partners experience While our products showing growth Single growth actions are and a that Folders longer-term all US should these be other gross continues over as now margins. Barrett comment margins remarks, muted. driver our ramp driver in to as for will a We growth, benefit partners where ramp, growth the see to particular nice declined in this their In a on as its we revenue Tap, growth. products. XX% the post-install see to his

While for of such in or Yelp web their seeing Single if about via choose. In user to where excited a as to still calling advertisers. staying engagement are device ESPN provider or we’re we app], app particular, so for the on not the [wrap list driven get This drives better XX% a Single the they Tap while still higher proving Tap or better consumer mobile on mobile we richer be application what drives are conversion consumer alike experience. and can while days, native Delta results website early experience that a disturbing

revenue our XX% media higher lift we’re on engagement, per Digital in in are partners also investments We where continue from drives their turn to seeing and results On have returns we per device revenue per from encouraging actions our device. spend. slot seeing business, media grow positive Turbine some our engagement which as post-install revenue

encouraging trend with seeing are mobile media. We

As for than incremental of you Digital Facebook most their XX% saw greater States, new a are industry platform Street They’re spend three just only rate, and on spending number spent ROI Sirius spending we Kroger our on in other advertising now the same the growth is number as Google. dollars law versus saying on name same quarter Digital advertisers platforms returns Wall are Journal, that large longer but such more distributor is to diminishing and media Turbine compound brands platforms. We annual no as mobile the growing Turbine on know, Adidas, to seeing of better generating of platforms the for dollars them. are now The the very Android that at the applications United XM a few. behind In continuing the such begin of the

GDPR expansion the direct. I numerous past turn European often app to of us The material finally, times is regarding the revenue see I to the undertakings our Our meaningful global six focus there but been over working wanted focus execution. my and outside our particular, for new are demand our with to providers leveraging In improved other company. and with things media that tech in scale only months for I’ve with it to our the calls now the and going my numbers, want before our be enthusiasm tail thank and Sarbanes-Oxley our the own Verizon outside earnings been our Union about simultaneously contributing remarks to consumed A&P hustle States, include finalizing Barrett, on can our of scaling I have partners. compliance small versus our global were and finalizing areas Oath divestitures, largely these relationship just content help requirements new inside today long completing partnerships of excited conclude And the to team United continue help team business as while with sales public compliance. increasing

nicely its the XXX% XX a Our the I’ve a with attention to and improvements turn numbers. the excited future. been prepared concludes for growth result. our and numbers With that through the past am up it seen to as levers about over as I’ll to It’s organization the now we I you talk us Barrett the remarks execution described that, setting I take over has turn to earlier days able

Barrett Garrison

afternoon, good everyone. And Bill. Thanks,

we Before the of wanted into overview numbers, of to go a a I provide updates. more couple detailed

our of the transitioning of and business new in owners. the our closing these transactions business announced are & Content First, two divestiture Advertiser fully & the process the and now with we Publisher to teams businesses Pay recently

and higher O&O divestitures greater non-core As organizational on enable focus a growth expected are a to higher these business. reminder, margin

relates on control I it provide SEC disclosed the to progress matter. internal previously to with the Secondly, wanted the update an as

this the the with We are SEC. staff subject approval is settlement finalizing of a matter of the SEC, the to of final which proposed

expect an update next We November. final before resolution report the disclose or quarterly provide our in to

the company of includes on proud terms, to team general operations expect are matter payable matter settlement material I'm and historical be This of the today, company in settlement have not very position filed pleased of controls impact the our the to on We matter the the proposed financial to parameters can settlement the on does now or diligent company. this this the be proposed have efforts by compliant. its impact internal the important or and included of any which financials. and $XXX,XXX XX-Q Based SOx a finalizing

turn in Now, to me the quarter. the performance let financial

results operations, periods refer presented on reminder, all the financials. operations results a otherwise noted. unless as today are businesses discontinued comments As our continuing in of to divested treated our for will My

of we device basis US disappointing against also by on for comparisons of delay a expansion our up Bill sales the of this one XX%. one-time of unless of media launch platform. otherwise. expectations in delivered and All Revenue a partners flagship a And major million capabilities social Tap as a our referenced, are noted was quarter growth Single year-on-year $XX.X despite

product by increased traction. on and the platform, However, these contribution were gaining headwinds other increased improvements revenue device per including offset new revenues

the up same referenced, illustrating preload of than as other Bill growing while year, core compared generated revenues revenues progress to revenues the the from is total products. products less made As platform. a last the business nicely, of new of to added XX% dynamic in portion our we other quarter X% quarter, our greater product In our

non-GAAP largely year-over-year XX% margin to by increase gross year-over-year quarter. million in two Non-GAAP margins, revenue the dollars in prior in gross down to million QX, the in -- $X.X profit from lower were $X.X to XX% over and driven growth Margins quarter profit the Turning year. enabled was factors. by gross margin

revenue share as carriers our XXXX. US a end time growing revenue First, higher achieved of same based growing they're had year This cumulative is fastest last the largest, one that calendar the of to share at on over. year thresholds volume compared

In major addition, that one revenue on certain impact new with our a share had a the have component referenced carriers that incremental I sharing negative product existing margins earlier on overall structure. based revenues revenue of

our on about that given margins Let would me while we mix, by opportunity over similar discussion current near encouraged leave generated to are revenue QX we expand the in expect margins noting margins as the our term. overall,

rates be gross revenue in partners the As and in The on ramping opportunities product growth and expansion revenues. partner from to depend margin margin can higher type new a vary and of mix launching may and for timing these changes margin quarter-to-quarter. our sensitive will fluctuations reminder,

million $X.X quarter. $X.X quarter, from were -- in year the X.X prior operations to During first operating compared total million expenses the continuing

businesses all Cash the allocated expenses were higher despite in As expenses and of which cost during. discontinued corporate are and in annual million we Sarbanes-Oxley from to our of expenses a the million, down $X.X $X.X QX divested on incurring reporting under reminder, quarter shared being continuing our accounting a now basis sequential are since approximately operations. were quarter operations, cash

a and net continuing was QX, adjusted the $X.X or from in $X.XX That’s loss negative operations in $X.XX was share $X.X share. of million, negative a EBITDA quarter million XXXX. positive or $X.X loss adjusted the $X.X loss first per million million from fiscal compared of up total quarter first quarter in the non-GAAP of During per XXXX to loss net

as loss per or net Our on first for net to $X.XX a quarter for fair reported XXXX. highly is a in to loss of as reminder, price. $X.X our sensitive the compared from balance continuing weighted million price our impact net of to loss positive from income the the our liabilities and $X.X GAAP change $X.XX which quarter is moves million on operations resulting of the based million material liabilities derivative impact stock main convertible the or a Included may the shares on debt, gain million value recorded have stock negative per quarter was XX.X in share will the a company’s And GAAP financials. share our first from of fluctuate $X.X GAAP outstanding, sheet for derivative our

changes about capital revenue businesses. divested $X.X transaction and costs quarter, as with fiscal in Now, of the moving about of from during largely driven expectations. certain due ahead the flow negative free transitioned finished a free the to in in consumed continuing $X.X which operations We end the million We by was in quarter $X.X million balance sheet. to negative quarter, payables. in had with combined growth year consuming timing one-time these our million working Discontinued cash, we flow reduction cash operations cash working changes certain capital internal

no unchanged principal Our the amount the remained on at of notes debt notes convertible and the million million conversions were the the gross levels original of end our ended at There quarter. X.X during quarter quarter. prior XX from

me We that, let turn the expect to Now, With hand revenue sequential EBITDA. back of me year-over-year open operator XX% questions. let QX million to it representing approximately projected about to the improvement a our of Operator? and currently growth expect $XX adjusted for call to outlook.

Operator

session. We will Instructions]. question-and-answer [Operator the now begin

of The Please ahead. Group. Malouf first question Capital from Craig-Hallum comes Mike go

Mike Malouf

you wanted just bit. I if just a know of to explore Verizon little could sort

we the read and understand that margin, keep with the is So margins you that said, incremental if if basically profit what experience you revenues then to I should basically to that growth have same any adds flat were would the I how gross Verizon, you it?

Barrett Garrison

Yes.

So, for gross would if higher hit existing tiers that revenue us. we about to think margins the in is to deals, changes, the but opportunity you us new the Mike, is it, new as deal products, nothing add identical result higher for then

a it's holistic deal. so, really more And

the just and of and ones new want rather years revenue years So as accreting the think well thinking to products about past next over -- margins rather than can we we the things our tiers. achieve how the as current do, about about four past the four to higher think our

Mike Malouf

go of you sort how were lot So tiers from where Verizon down. had grew than gross a would as that’s you up actually different of revenue to beginning different set your your the profit

Barrett Garrison

right. That’s

is referring but internally the with here, we’re So relationship kind that much had what think contemplating expanded it’s almost a revenue now I Verizon reverse than product how real of we it to it really in view there.

Mike Malouf

out, just helpful. like particular where And you regards Tap, us it one-time with Got out? on negatively it. June then with That’s it roll to it confused quarter, Single sounded on mentioned rollout, the that are affected update can roll based more a was You we an give so by a that. that but

Bill Stone

Yes. Sure.

grow that out is we media with One States large had was one-time there to the that had and continues able us an still thought opportunity integration So of in basically two that large operator but for go to it here Tap. for not. United going social in do generate there. really quarter one-time and event That with With nicely. the is a out Single platform, something be did June elements would is, our opportunity that, material. We a to opportunity to was them come that

still opportunity do remainder remain the as little fiscal a but go the that out we to bit to was disappointing us the that year. to So go of

AT&T. It part platforms Single yet live a of other that on partners live and Verizon is not Tap second number is with The of media and is integrating on operators. and

offering. the that We will accelerate of our help Single quarter part expect current and in second to happen that Tap the

Mike Malouf

that? so one sort I could América of make can then your on you With And this Móvil, it what all jumpstart question. to that know to ubiquitous, cover you if And to basically with final get APK, coverage? install can that regards get install to to so -- it installed great. you now extent they putting could worldwide ongoing just Samsung phones their Samsung. you were that this start Okay, Is

Bill Stone

Yes.

we as the as which know that’s that expanding well, have you new and are So América for others going dramatically the a followed story disappointment. rates with working technology them for on performance, some well that improve been as install goes, to Móvil far as

Day, that guess at some on commented improvements many So the I directly that heard the are Móvil, América rates. excited will about Analyst those improve technical they of install

you’ve that got right globally, stay for Samsung, now, to we’ve Regarding tuned so got excited I’m opportunities the more. bullish them and about very with

Operator

The of next go Please ROTH Capital from question is ahead. Partners. Darren Aftahi

Darren Aftahi

a follow-up to things question. on the wanted on I couple prior

platform, one-time the we is a to XXXX discount gauge as of opportunity can of the something event, that’s really of with kind kind sort calendar when that your that just couch should going kind social is of being on timing or of as can't So you you -- happen?

Bill Stone

done taken forward-looking our we’ve is What in Yes. -- in it our kind out. guidance of Darren we’ve

So that still rather it opportunity. but on plan the I’d one-time thing opportunity think for there's happens, of there for for the We would hope kind us. an upside be if that best, worst

our So but still it’s much of taken guidance, it’s on out table. very the

Darren Aftahi

sense Then over of quickly? Can Fair the in the in can Verizon revenue. more six that for give you as new you which kind talk with, enough. where like line the you near conjunction about of with product And in feel kind you with AT&T just a of the know products going your mix guys then you new I you up, just deal and product see Verizon improvement new will months? future, here noted strategically resonate next the your complete base us

Bill Stone

Yes.

categories. it break into I’ll three So, out

engagement I on performance, short-term post-install seen action. am really results very of about terms we’ve in the think I excited

have the those phone. drives revenue on app all had thing or a where they a slot see and notifications, Starbucks with what engagement So per revenue your as come app birthday that’s on on phone, for kind And -- your get this of better latte see remembered, Starbucks performance. of of for we not and you a things you’ll that were, we device example, free you you tremendous at the and that listen per turns in might see type

real of now. in process And time that really we’re scaling so, a right

our Time excited and that AT&T quite relates In and with Folders DirecTV, mid-term, the AT&T merger we’re apps products, that's time. as between the Warner things the about they the the different opportunities the the it -- short-term. have encouraging think So right in to like very about Time people get right how to got applications to XXX you Warner nearly right at to

And so, and there them value and with Oath with for Folders to there’s tremendous -- as with others. our opportunity as well us product add Verizon and

I in the excited Tap. So excited most about Single I am about think that I Long-term, am mid-term.

results current don’t that and But us as very the I calendar the year, some to results next on now seeing the there. material We’re am deliver about see quarter, expect then in the really AT&T we that in launched seeing step next Verizon encouraging I and grow. get into to that that prospects and the is quarter. go for excited forward September start

Darren Aftahi

And of a then couple just more.

devices On year announced by being the Is the influenced of end the in earlier you year? stem talk relationship OEMs, the Qualcomm about million you this can your just context? XX incremental by to that

Bill Stone

have in aggressive not is India. China, activities development no, being with specifically we Yes, by business which been but it’s Asia Korea, driven really in pretty our Qualcomm it in

new new mentioned for It’s of with really players with think new our of cheese cutting really a process. profile to We pipeline we’re which in the requirements. OEMs. all higher us really is region from it some learn distribution in different this international. the want them. our in sets deep They’ve It’s the products for So my us. comments obviously up channel these much And I nicely I some about

volumes, set material scale up figures to So it’s boys now getting some cut with us talking bigger with really learn but later. we’re the to when to I'm excited device eight come about cheese longer these it’s really our of OEMs tailed about volumes, of on device albeit

Darren Aftahi

last And one from me. just

are other perhaps expansion the you much or these about Can larger? of us You talked factors just factors. form -- form sort handheld into indulge something

Bill Stone

us inbounds “Hey, we’re interested or are at that these out places coming inbound now other smartphones It’s They is the screen and on say, something help you just focused we’ve create what them that’s we’re are have how and outbound, other to us. opportunity. can because demonstrated it’s platform interest. World people going televisions whether mobile they you, on delivery trying is these lot really the different seeing these of work Mobile or Congress our to tablets, largest But screens. use with screens” can It’s agnostic that, our platform large or in to and wearables what not

And the watching you and to directly looking could other that, some some television that do making your a so, so Golf see things right on advantages sharing words and to phone, enjoy have then Channel some we’re we’ve from. be we and on Golf -- delivered time app up cross-screen, seen you do Golf opportunity that a spending come things and now investments app could like in how

So it’s we things that next for the not we’re encouraging anything for think that’s but those very something term growth for definitely exciting. and investigating, the opportunity the near business as the about quarter are

Operator

ahead. Please Sinha Sameet from is question next of go B. FBR. Riley The

Lee Krowl

Hey, taking Verizon getting guys. in. deal congrats questions for Thanks is my Sameet. This in Lee and on Krowl filling the for

announced question, just product new quarter. customer a to during the in, that had current product you quarter for dig a First launch, I marquee same from guys the wanted performance weak

as Just you for kind last performance have relates kind light tepid revenue the guidance? of to quarter's of kind in it of curious what device expectation of that

Barrett Garrison

was it will I a SX that one. obviously in last the our take quarter We’ve launch. not strong perform device guidance, considered

we've think year. last have from -- been don’t rather we have But do we -- we conservative. I expect it So

has I performed. be factored it that guidance and been here While recent we launch in we’ve prudent our an could think opportunity exciting in how think most the

Lee Krowl

said performance, Okay. around over $X. And switching then guys was know I you it RPD that to

whether or the drivers is, behind such one-time because brand kind it just quarter? jump driven is a what just the event, curious maybe of a jump curious large in it's single kind Just

Bill Stone

Yes.

commentary our return some $X.XX a doing on and $X, really the investment referenced have is was using Yelp my the It $X platform seen money in in of and about spent compared about I So platforms other just others. and increased how year returns about two from demand Bank like Turbine in Digital on to driven incremental factors. advertisers remarks and a same from Facebook ago positive and and quarter. Google spending diminishing seeing dollars was Turbine by advertisers like platforms”. number the and One “Hey, a more there eBay is of my better we’re on a Digital America advertisers than on The They those are saying are US

So and us been results, number a slots able is, couple our variable is we’ve expand variable accrete of other And to then one. number two providers. AT&T with that helps

revenue that obviously So adds us an opportunity. incremental

advertisers fundamental to And a So to that’s of willing metric screen. really I spend that to want continue home spend the drive business a performance. that’s to as helping things more be on the combination improved that’s of yes, reiterate those are health our two and

I look to as something to as continue investors performance that’s our encourage far goes. So at

Lee Krowl

perhaps And by that India mean that we America it seems international really offset doing read a like headwind. is it. very that and little a is North still then it’s clear maybe to that's Got bit well and would

and to to start when on snap thoughts contribute India and maybe geographies growth? maybe can a Just back other few you

Bill Stone

Yes.

expect OEM the launched end see we jumpstart think future. they we’ve that encouraged will us Again for phones, really had that as Reliance am to well moved I and that smartphone both the into deals announced, as India in really transitioned I going initially back So Jio a with relationship smartphones. with to help featured low to new that

and we other said, to our and pretty terms agency now major international demand the with Oath in be adding really better particular wood tail in business combination force of chop we’ve But more apps. reach example as So advertising got where of we global have on our focus to excited And as get about referenced a do salespeople is structure ground, I for that European an Pacific area being our And to to scale Latin America how for which that's as margin partnerships of Asia local because is is. doing that’s and it India. some but we But need well to continue the be, right accounts, most then where some are a but on inside get we broadly. bullish also the still the for growth we that’s long and that of Pacific partnerships, us the sales factor work additional Asia to favorable. a market leveraging the

So is it a area major us. for focus

Operator

ahead. Instructions] is from of National next go Ilya [Operator The Grozovsky question Securities. Please

Ilya Grozovsky

more. Just through little the bit wanted to a gross kind of go margins

current quarter, do gross So customer, the if that have this that current largest what the you with your had you you think been quarter, given did? in you the had had contract will you in like margins that going the forward for would've next several volumes years

Barrett Garrison

Yes.

margins existing revenue certain volume driving today would contract margins. of those is upwards we’re when accrete with allow we on in proposed that the in we level or where drive So quarter incremental products us it as with as then to gross would revenue new even we’re far gross -- levels today, what the terms just core similar revenue and what But kind would the volumes margins. we are be at contract to the reemphasize have today close the the the the outlined would to at seeing current based Bill agreement, do levels new if of of what

Ilya Grozovsky

margins and to which is margin is the customers largest that products customer, have to your new is higher on that largest given the So quarter, terms next -- largest customer you’re several the low of my you the the where the here your new leads and that and the those question continuing big to that you guys, be past -- so by -- dependence over customer. your down reduce trended offset So have growth in in have the quarters from plus me XXs right? then your incremental really would how current gross

below quarter I down XX% you think level. the last were

margins And customer so, the gross non-largest shouldn't be by contribution? the helped

Barrett Garrison

wouldn’t a that’s as product understand important and a the mix Well to mix. rep one licensing the or they product But share, with lot as the well is do the partner it it’s other be. mix whether thing it’s to has --

a what contract partner that have have we’ve -- get also revenue while see less share. -- had as so structures largest mentioned partners up whereby volumes and Bill to a you Verizon last we as that fastest that higher that share this year, just over of they of fastest their outlined, sharing growing call, -- concentration, have we our versus And we’ve we growing revenue as have And grow similar of one higher revenue our partnerships one increase, seen the year. we in seen the a that year I with our make

The partner launched the around other depending gross that or aggregate and the comments is I particular thing with; product the product particular it accrete in the that margins quarter. margins. launched in a could product and and it’s in below we quarter, this this impacted particular margins for margins who this on referenced And either had compress my for

Operator

Jon of Hickman question go from The Please Ladenburg. ahead. is next

Jon Hickman

I question operating have about expenses. a

that operations that discontinued in As new you to SG&A the further transition you indicate particularly to reduction true? the are, owners, is was know their seem there

Barrett Garrison

see But because is we we think don’t the operations continuing way discontinued our the expenses, breakout our and we’ve that our recognized do on operations. what I today I Well indicated call.

in have it operations. that our OpEx the continuing call I cash referenced what for -- our We I call expenses, cash we’ve mentioned our -- reduced we

business in right and now term. declines SG&A our we ongoing but outline any overall support to wouldn't just so, And the the SG&A evaluate growing will near significant in requirements our I our

Operator

is question Maxim. from next of The go ahead. Michael Solomon Please

Michael Solomon

The some answered, an is in doesn't you're carriers these able and cost the And you something what question them. I’m you the when or sense. question a piece make on to margin with your Bill, carriers of saying you forward? companies and social do feel was and what a market why struggling happening for this carries cap and that's we same the traded handing -- the stock that can of it probably is Why are think some like you've get Do but doing, been sign seems no going the deals these hand progression more basically bigger based where get now opinion opportunity. business you’re for puzzle media

Bill Stone

for and I ball, got would different appreciate I I can’t on I experience here; lot I a we deals and think knew job, special comment all on franchise and expertise doing on that going saw -- pretty my the they out what it should it that get be ourselves with not staying point, we’re the mobile of these really things add that going on a execute but the a then person -- market a and of And a to and is here. proud and a to short-term value think But globe to are add advertising enable paying we all around That’s we’re add got continue grind I’d we this why in wouldn't I platform. about. what’s is markets the it. I now we’re put with are focus should And mean crystal the real the We continue if execute. stock and partners, great and going that. what products growth is future those may of. And we right we’ve and real belief job, built we excited we’re position that. going to the to scale long-term will the we’re as and a I those we’re the attention exponential And got some be at say excited in things on to in guess stock, to we've strategy these continue something and of We devices grind I’ve am that out that. be we doing about. TMT we’re had

Operator

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

Bill Stone

joining Thanks all, everyone call and today. appreciate the

later we apprised our keep Thanks this We have will good all in night. be year next back earnings you will in our and touch call a of to and progress.

Operator

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

disconnect. You may now

Digital Turbine (APPS) 9 Aug 182019 Q1 Earnings call transcript