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APPS Digital Turbine

Digital Turbine, Inc. engages in the innovation of media and mobile communications which helps to deliver an end-to-end platform solution for mobile operators, application developers, device original equipment manufacturers (OEM), and other third parties. It operates through the Advertising segment, which is comprised of Operator and OEM (O&O) business. The O&O is an advertiser solution for unique and exclusive carrier and OEM inventory. The company was founded on November 6, 1998 and is headquartered in Austin, TX.

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

3 Feb 21
27 Feb 21
31 Mar 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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 20 Mar 19 Mar 18 Mar 17
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.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Feb 21 Wesch David Common Stock Sell Dispose S No No 88.23 25,000 2.21M 0
8 Feb 21 Wesch David Common Stock Option exercise Aquire M No No 0.71 25,000 17.75K 25,000
8 Feb 21 Wesch David Employee Stock Options Common Stock Option exercise Dispose M No No 0.71 25,000 17.75K 11,675
4 Jan 21 Christopher Thomas Rogers Common Stock Sell Dispose S No Yes 53.01 30,000 1.59M 297,198
5 Nov 20 Robert M Deutschman Common Stock Sell Dispose S No No 40.64 200,000 8.13M 390,531
4 Nov 20 Karish Jeff Common Stock Sell Dispose S No No 36.57 11,847 433.24K 308,600
3 Nov 20 Karish Jeff Common Stock Sell Dispose S No No 34.39 20,000 687.8K 320,447
1 Oct 20 Christopher Thomas Rogers Common Stock Sell Dispose S No Yes 34.35 30,000 1.03M 327,198
57.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 256 197 +29.9%
Opened positions 81 66 +22.7%
Closed positions 22 30 -26.7%
Increased positions 69 37 +86.5%
Reduced positions 86 82 +4.9%
13F shares
Current Prev Q Change
Total value 6.7B 1.75B +283.3%
Total shares 51.76M 53.42M -3.1%
Total puts 2.57M 763.9K +235.9%
Total calls 2.19M 1.13M +93.5%
Total put/call ratio 1.2 0.7 +73.6%
Largest owners
Shares Value Change
FMR 9.62M $543.9M -7.9%
BLK Blackrock 6.26M $353.9M +10.9%
Vanguard 6.07M $343.53M +37.8%
Granahan Investment Management 1.81M $102.3M +46.7%
STT State Street 1.79M $100.97M -7.7%
Wellington Management 1.78M $100.53M +145.9%
D. E. Shaw & Co. 1.7M $96.41M -41.3%
Lord, Abbett & Co. 1.65M $93.11M +2.5%
Geode Capital Management 1.37M $77.73M +8.8%
Greenhaven Road Investment Management 1.1M $62.21M -15.4%
Largest transactions
Shares Bought/sold Change
Vanguard 6.07M +1.66M +37.8%
D. E. Shaw & Co. 1.7M -1.2M -41.3%
Renaissance Technologies 544.31K -1.06M -66.2%
Wellington Management 1.78M +1.05M +145.9%
Arrowstreet Capital, Limited Partnership 541.23K -1.04M -65.8%
FMR 9.62M -821.32K -7.9%
TROW T. Rowe Price 781.29K +755.18K +2892.2%
BLK Blackrock 6.26M +614.94K +10.9%
MNGPF Man 74.68K -596.53K -88.9%
Russell Investments 21.51K -587.43K -96.5%

Financial report summary

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Competition
OmnicomAppleBrightcoveFacebookBaiduOracleMobile IronCriteo S.ACheetah Mobile
Risks
  • The Company has a history of net losses, and may incur net losses in the future.
  • We have a limited operating history for our current portfolio of assets, which may make it difficult to evaluate our business.
  • 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, 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 3rd 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 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 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.
  • 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.
  • 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.
  • 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 may not be able to enhance its mobile advertising platform to keep pace with technological and market developments.
  • 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.
  • 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 thus 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.
  • 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.
  • Our business and growth may suffer if we are unable to hire and retain key personnel, who are in high demand.
  • Growth may place significant demands on our management and our infrastructure.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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, increase 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.
  • 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 de-listed 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 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 for 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.
Management Discussion
  •     All discussions in this Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations, unless otherwise noted, relate to the remaining continuing operations in our sole operating segment after the dispositions, the Media Distribution business.
  • During the three and nine months ended December 31, 2020, there was an approximately $52,576 or 146.0% and $119,133 or 119.9% increase in overall revenue, respectively, as compared to the three and nine months ended December 31, 2019.
  • The Company's Media Distribution business is an advertiser solution for unique and exclusive carrier and OEM inventory. During the three and nine months ended December 31, 2020 and 2019, the Media Distribution business, primarily through silent application delivery, was the main driver of our revenues. Application Media revenue totaled $56,938 and $150,228, respectively, for the three and nine months ended December 31, 2020, while Content Media revenue, primarily related to the Acquisition, totaled $31,654 and $68,269, 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. This increase in net revenues was attributable to increased demand for our core services, which led to higher CPI and CPP revenue per available placement, and which was driven primarily by increased revenue from advertising partners as placement across existing commercial partners expands, as well as expanded distribution with new partners and the deployment or expansion of new services and features and through acquisition.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: accordion, anniversary, Article, attached, bringing, brought, De, Exhibit, feature, Fourth, Intermediacao, LATAM, LTDA, mailed, Midia, nomination, notice, order, procedure, proper, revising, Secretary, stockholder, submitted, thereunder, therewith, unissued, untimely, whichever, writing
Removed: repurchase