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APPS Digital Turbine

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
CEO
William Stone
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
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
IRS number
222267658

APPS stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

10 Jun 21
19 Jun 21
31 Mar 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 31.12M 31.12M 31.12M 31.12M 31.12M 31.12M
Cash burn (monthly) 4.18M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 10.99M n/a n/a n/a n/a n/a
Cash remaining 20.13M n/a n/a n/a n/a n/a
Runway (months of cash) 4.8 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 21 Collins Christine Common Stock Sell Dispose S No No 70.02 40,000 2.8M 0
15 Jun 21 Collins Christine Common Stock Option exercise Aquire M No No 1.68 40,000 67.2K 40,000
15 Jun 21 Collins Christine Employee Stock Options Common Stock Option exercise Dispose M No No 1.68 40,000 67.2K 40,000
1 Jun 21 Stone William Gordon Iii Common Stock Grant Aquire A No No 0 48,000 0 1,083,989
1 Jun 21 Stone William Gordon Iii Common Stock Grant Aquire A No No 67.71 41,265 2.79M 41,265
1 Jun 21 Stone William Gordon Iii Performance Stock Units Common Stock Grant Aquire A No No 0 24,000 0 24,000
1 Jun 21 Garrison J. Barrett Common Stock Grant Aquire A No No 0 14,769 0 245,032
1 Jun 21 Garrison J. Barrett Common Stock Grant Aquire A No No 67.71 12,697 859.71K 12,697
1 Jun 21 Garrison J. Barrett Performance Stock Units Common Stock Grant Aquire A No No 0 7,384 0 7,384
10 May 21 Holyce Hess Groos Common Stock Grant Aquire A No No 0 386 0 386

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Competition
OmnicomAppleWPPQuinStreetBrightcoveFacebookBaiduOracleMobileironCriteo S.A
Risks
  • The markets for our products and services are rapidly evolving and may decline or experience limited growth.
  • We have a history of net losses, may incur substantial net losses in the future, and may not achieve or sustain profitability in the future.
  • The failure to successfully integrate the business and operations of our recent acquisitions in the expected time frame may adversely affect our future results.
  • The failure to pay the future consideration due in the AdColony and Fyber acquisitions could have a material adverse effect.
  • Growth may place significant demands on our management and our infrastructure.
  • Our operations are global in scope, and we face added business, political, regulatory, operational, financial, and economic risks as a result of our international operations and distribution, any of which could increase our costs and hinder our growth.
  • Our financial results could vary significantly from quarter to quarter and are difficult to predict.
  • If we are unsuccessful in establishing and increasing awareness of our brand and recognition of our products and services or if we incur excessive expenses promoting and maintaining our brand or our products and services, our potential revenues could be limited, our costs could increase, and our operating results and financial condition could be harmed.
  • Our business is dependent on the continued growth in usage of smartphones, tablets, and other mobile connected devices.
  • If mobile connected devices, their operating systems, or content distribution channels, including those controlled by our competitors, develop in ways that prevent advertising or content from being delivered to their users, our ability to grow our business will be impaired.
  • If we fail to deliver our products and services ahead of the commercial launch of new mobile handset models, our sales may suffer.
  • We may be unable to develop and introduce in a timely way new products or services, and our products and services may have defects, which could harm our brand.
  • If we fail to maintain and enhance our capabilities for our offerings to a broad array of mobile operating systems, our attractiveness to wireless carriers, equipment manufacturers, advertisers, and application developers will be impaired and our sales could suffer.
  • A majority of our revenues are currently being derived from a limited number of wireless carriers, advertisers, and application developers. If any one of these customers were to terminate their agreement with us or if they were unable to fulfill their payment obligations, our financial condition and results of operations would suffer.
  • We may be subject to legal liability associated with providing mobile and online services.
  • Our business is dependent on our ability to maintain and scale our infrastructure, including our employees and third parties, and any significant disruption in our service could damage our reputation, result in a potential loss of customers, and adversely affect our financial results.
  • Our products, services, and systems rely on software that is highly technical, and if it contains undetected errors, our business could be adversely affected.
  • We rely upon third-party data centers and providers of cloud-based infrastructure to host our platform. Any disruption in the operations of these third-party providers, limitations on capacity, or interference with our use could materially and adversely affect our business, financial condition, and results of operations.
  • The Company’s business is highly dependent on decisions and developments in the mobile device industry over which the Company has no control.
  • The Company’s business may depend in part on its ability to collect and use location-based information about mobile connected device users.
  • The Company does not have long-term agreements with its advertiser clients, and it may be unable to retain key clients, attract new clients, or replace departing clients with clients that can provide comparable revenue to the Company.
  • The Company’s business practices with respect to data could give rise to liabilities or reputational harm as a result of governmental regulation, legal requirements, or industry standards relating to consumer privacy and data protection.
  • The Company’s business may involve the use, transmission, and storage of confidential information, and the failure to properly safeguard such information could result in significant reputational harm and monetary damages.
  • System failures could significantly disrupt the Company’s operations and cause it to lose advertiser clients or advertising inventory.
  • System security risks, data protection breaches, cyber-attacks, and systems integration issues could disrupt our internal operations or information technology services provided to customers, and any such disruption could reduce our expected revenue, increase our expenses, damage our reputation, and adversely affect our stock price.
  • If our goodwill becomes impaired, we may be required to record a significant charge to earnings.
  • Public health issues, such as a major epidemic or pandemic, could adversely affect our business or financial results.
  • Changes to current accounting principles could have a significant effect on the Company’s reported financial results or the way in which it conducts its business.
  • Our revenues may fluctuate significantly based on mobile device sell-through, over which we have no control.
  • Activities of the Company’s advertiser clients could damage the Company’s reputation or give rise to legal claims against it.
  • Loss or reduction of business from the Company’s large advertiser clients could have a significant impact on the Company’s revenues, results of operations, and overall financial condition.
  • Mobile applications and advertising are relatively new, as are our products, which are evolving, and growth in revenues from those areas is uncertain and changes in the industry may negatively affect our revenue and financial results.
  • Our growth and monetization on mobile devices depend upon effective operation with mobile operating systems, networks, and standards that we do not control as we are largely an Android-based technology provider.
  • We currently rely on wireless carriers and OEMs to distribute our products and services and thus to generate much of our revenues. The loss of or a change in any of these significant carrier relationships could cause us to lose access to their subscribers and thus materially reduce our revenues.
  • The mobile advertising business is an intensely competitive industry and we may not be able to compete successfully.
  • The mobile advertising market may develop more slowly than expected, which could harm the business of the Company.
  • The Company does not control the mobile networks over which it provides its advertising services.
  • The Company’s advertising business depends on its ability to collect and use data to deliver applications, and any limitation on the collection and use of this data could significantly diminish the value of the Company’s services and cause it to lose clients and revenue.
  • The Company’s business depends on its ability to maintain the quality of its advertiser content.
  • Risks Related to Our Market
  • The markets in which we operate are highly competitive, and many of our competitors have significantly greater resources than we do.
  • End user tastes are continually changing and are often unpredictable. If we fail to develop and publish new products and services that achieve market acceptance, our sales would suffer.
  • We rely on the current state of the law in certain territories where we operate our business and any adverse change in such laws may significantly adversely impact our revenues and, consequently, our operating results and financial condition.
  • We rely on our current understanding of regional regulatory requirements pertaining to the marketing, advertising, and promotion of our products and services, and any adverse change in such regulations, or a finding that we did not properly understand such regulations, may significantly impact our ability to market, advertise, and promote our products and services and thereby adversely impact our revenues, our operating results, and our financial condition.
  • The strategic direction of the Company's businesses is developing and not completely proven or certain.
  • Risks Relating to Our Industry
  • Wireless communications technologies are changing rapidly, and we may not be successful in working with these new technologies.
  • The complexity of and incompatibilities among mobile handsets may require us to use additional resources for the development of our products and services.
  • If wireless subscribers do not continue to use their mobile handsets to access mobile content and other applications, our business growth and future revenues may be adversely affected.
  • Our industry is subject to risks generally associated with advertising content delivery, any of which could significantly harm our operating results.
  • A shift of technology platform by wireless carriers and mobile handset manufacturers could lengthen the development period for our offerings, increase our costs, and cause our offerings to be of lower quality or to be published later than anticipated.
  • System or network failures could reduce our sales, increase costs, or result in a loss of end users of our products and services.
  • Our business depends on the growth and maintenance of wireless communications infrastructure.
  • Actual or perceived security vulnerabilities in mobile handsets or wireless networks could adversely affect our revenues.
  • Changes in government regulation of the media and wireless communications industries may adversely affect our business.
  • Risks Related to Our Management, Employees, and Acquisitions
  • Our business and growth may suffer if we are unable to hire and retain key talent who are in high demand.
  • We plan to continue to review opportunities and possibly make acquisitions, which could require significant management attention, disrupt our business, result in dilution to our stockholders, and adversely affect our financial condition and results of operations.
  • The acquisition of other companies, businesses, or technologies could result in operating difficulties, dilution, and other harmful consequences.
  • Changes to financial accounting standards could make it more expensive to issue stock options to employees, which would increase compensation costs and might cause us to change our business practices.
  • Risks Related to the Economy in the United States and Globally
  • The effects of the past recession in the United States and general downturn in the global economy, including financial market disruptions, could have an adverse impact on our business, operating results, or financial condition.
  • Risks Related to Potential Liability, Our Intellectual Property, and Our Content
  • If we do not adequately protect our intellectual property rights, it may be possible for third parties to obtain and improperly use our intellectual property and our competitive position may be adversely affected.
  • Third parties may sue us for intellectual property infringement, which, if successful, may disrupt our business and could require us to pay significant damage awards.
  • Our platform contains third-party open source software components, which may pose particular risks to our proprietary software, technologies, and solutions in a manner that could negatively affect our business.
  • Litigation may harm our business.
  • Indemnity provisions in various agreements potentially expose us to substantial liability for intellectual property infringement, damages caused by malicious software, and other losses.
  • Our business in countries with a history of corruption and transactions with foreign governments, including with government-owned or controlled wireless carriers, increases the risks associated with our international activities.
  • Government regulation of our marketing methods could restrict our ability to adequately advertise and promote our content, products, and services available in certain jurisdictions.
  • Risks Relating to Our Common Stock and Capital Structure
  • The Company has secured and unsecured indebtedness, which could limit its financial flexibility.
  • To service our debt and fund our other capital requirements, we will require a significant amount of cash and our ability to generate cash will depend on many factors beyond our control.
  • The market price of our common stock is likely to be highly volatile and subject to wide fluctuations, and you may be unable to resell your shares at or above the current price.
  • If we fail to comply with the continued listing requirements of the NASDAQ Capital Market, our common stock may be delisted and the price of our common stock and our ability to access the capital markets could be negatively impacted.
  • The sale of securities by us in any equity or debt financing, or the issuance of new shares related to an acquisition, could result in dilution to our existing stockholders and have a material adverse effect on our earnings.
  • We may choose to raise additional capital to finance the purchase price of acquisitions or to otherwise accelerate the growth of our business, and we may not be able to raise capital to grow our business on terms acceptable to us or at all.
  • Future sales of our common stock in the public market could lower the market price of our common stock.
  • If securities or industry analysts do not publish research or reports about our business, or if they downgrade their recommendations regarding our common stock, our stock price and trading volume could decline.
  • We do not anticipate paying dividends.
  • If we fail to maintain an effective system of internal controls, we might not be able to report our financial results accurately or prevent fraud. In that case, our stockholders could lose confidence in our financial reporting, which could negatively impact the price of our stock.
  • Maintaining and improving our financial controls and the requirements of being a public company may strain our resources, divert management’s attention, and affect our ability to attract and retain qualified members for our Board of Directors.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management, and limit the market price of our common stock.
  • Our bylaws designate the Court of Chancery of the State of Delaware as the exclusive forum for certain disputes between us and our stockholders.
Management Discussion
  • During the year ended March 31, 2021, revenues increased $174,864, or 126.1%, compared to the prior year.
  • The Company's Media Distribution business is an advertiser solution for unique and exclusive carrier and OEM inventory. During the years ended March 31, 2021 and 2020, the Media Distribution business, primarily through silent application delivery, was the main driver of our revenues. Application Media revenue totaled $217,447 and $133,898, respectively, for the years ended March 31, 2021 and 2020, while Content Media revenue, primarily related to the Mobile Posse acquisition on February 28, 2020, totaled $96,132 and $4,817, respectively. Our application delivery and management software enables operators and OEMs to control, manage, and monetize applications installed at the time of activation and over the life of a device. The increase in net revenues of $83,549 related to our Application Media business was attributable to increased demand for our core services, and expanded platform offerings, which led to higher CPI and CPP revenue per available placement. Of this increase in Application Media revenue, approximately $59,900 is related to increases in demand for our core services, and approximately $23,649 is related to new and expanded platform offerings. The increase in net revenues of $91,315 related to our Content Media business, primarily from the acquisition of Mobile Posse, is a function of a full year of contribution in the current fiscal year, as opposed to one month of contribution in the previous fiscal year, as well as post acquisition technology synergies driving expansion across the existing Digital Turbine partner base.
  • With respect to customer revenue concentration, the Company defines a customer as an advertiser or a carrier that is a distinct source of revenue and is legally bound to pay for the services that the Company delivers on the advertiser’s or carrier's behalf. During the fiscal year ended March 31, 2021, no single customer represented more than 10% of net revenues. During the fiscal year ended March 31, 2020, one major customer, Oath Inc., a subsidiary of Verizon Communications, represented 15.3% of net revenues.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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