Digital Turbine (NASDAQ:APPS) Second Quarter 2023 Results
Key Financial Results
Revenue: US$174.9m (down 7.3% from 2Q 2022).
Net income: US$11.7m (up from US$5.85m loss in 2Q 2022).
Profit margin: 6.7% (up from net loss in 2Q 2022).
EPS: US$0.12 (up from US$0.061 loss in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Digital Turbine EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in the US.
The company's shares are up 37% from a week ago.
You still need to take note of risks, for example - Digital Turbine has 3 warning signs we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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