Digital Turbine Inc
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 7, 2024
APPS$7.25-35.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
(in thousands, except per share amounts)
| Three months ended December 31, | Nine months ended December 31, | |||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| Net revenue | $142,634 | $162,310 | $432,259 | $525,802 |
| Costs of revenue and operating expenses | ||||
| Revenue share | 70,364 | 73,370 | 208,675 | 237,618 |
| Other direct costs of revenue | 8,614 | 9,324 | 27,244 | 27,438 |
| Product development | 13,036 | 14,218 | 42,873 | 43,087 |
| Sales and marketing | 14,432 | 16,469 | 45,546 | 48,017 |
| General and administrative | 45,455 | 39,132 | 127,339 | 114,328 |
| Impairment of goodwill | — | — | 147,181 | — |
| Total costs of revenue and operating expenses | 151,901 | 152,513 | 598,858 | 470,488 |
| (Loss) income from operations | (9,267) | 9,797 | (166,599) | 55,314 |
| Interest and other income (expense), net | ||||
| Change in fair value of contingent consideration | — | — | 372 | — |
| Interest expense, net | (7,666) | (6,913) | (22,900) | (16,224) |
| Foreign exchange transaction (loss) gain | 338 | 17 | 155 | (595) |
| Other income / (expense), net | (311) | 8 | (67) | 392 |
| Total interest and other expense, net | (7,639) | (6,888) | (22,440) | (16,427) |
| (Loss) income before income taxes | (16,906) | 2,909 | (189,039) | 38,887 |
| Income tax (benefit) provision | (2,845) | (1,153) | (5,097) | 8,164 |
| Net (loss) income | (14,061) | 4,062 | (183,942) | 30,723 |
| Less: net (loss) income attributable to non-controlling interest | — | 43 | (220) | 118 |
| Net (loss) income attributable to Digital Turbine, Inc. | (14,061) | 4,019 | (183,722) | 30,605 |
| Other comprehensive loss | ||||
| Foreign currency translation adjustment | 3,585 | 10,144 | (3,809) | (4,644) |
| Comprehensive (loss) income | (10,476) | 14,206 | (187,751) | 26,079 |
| Less: comprehensive income attributable to non-controlling interest | — | 59 | 519 | 334 |
| Comprehensive (loss) income attributable to Digital Turbine, Inc. | $(10,476) | $14,147 | $(188,270) | $25,745 |
| Net (loss) income per common share | ||||
| Basic | $(0.14) | $0.04 | $(1.83) | $0.31 |
| Diluted | $(0.14) | $0.04 | $(1.83) | $0.30 |
| Weighted-average common shares outstanding | ||||
| Basic | 101,376 | 99,108 | 100,643 | 98,623 |
| Diluted | 101,376 | 103,348 | 100,643 | 103,674 |
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