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Digital Turbine, Inc. (APPS)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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14.56+0.03 (+0.21%)
At close: 04:00PM EDT
14.63 +0.07 (+0.48%)
After hours: 07:54PM EDT

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  • F
    FT
    Aside from some energy areas, everything is tanking - all currencies against the dollar, tech, high growth, UK stocks, Europe, US.

    From a watchlist of 120 items across multiple sectors and territories only 13 have returned a positive share price result in the last 12 months and that reduces to just 6 if you want anything above a 10 percent return. Names such as Enphase, Serica (UK), Vaalco, Afentra (UK) and Kistos (UK).

    36 of the companies on that list have lost more than 70 percent in value in the last 12 months, including such names as Shopify, Roku, Unity, Zoom, and Applovin.

    I found $APPS 21st in this list, so 20 names have performed worse over the last 12 months, losing around 80 percent or more each.

    But it interesting to look at this group - many have seen sales collapse, or already ran on thin or negative earnings, and had or now have various red flags.

    $APPS, despite the share price slide, like just a few others still retain strong present and most-recent quarter numbers for things like Revenue, earnings, and FCF. In fact, aside from taking on a debt that is now reported as 36 percent of MCap (due to the share price slide), $APPS, at the most recent quarter, can still boast YoY increases for shareholder equity, Revenue, EPS, Op profit, gross profit, net profit, free cashflow, and EBIDTA - all of these items are up in absolute numbers vs the Q1 of last year, yet we were then trading 5x to 6x above this price at $75 to $85.

    And when you apply a forecast of just 2 ratios against the entire list of more than 120 items - so, just supposing I want only stocks that are still forecast to have an EPS change over 100 percent, and companies that today still report a more than 20 percent return on capital, $APPS is the ONLY company that meets that criteria from my watchlist. In fact, only 22 companies across the whole of the US main indexes meet that criteria, and $APPS has seen both the biggest selloff of those 22 in the last year but also returned the highest annualised change over the last 5 years.

    So, how to interpret this. The biggest red flags against $APPS right now are size of debt, sales growth and profit margin contraction. In absolute terms they are still performing very well but the pace of growth and margins slowed, likely due to acquisition digestion that brought them a much bigger TAM. In the latest quarter margins began to expand again and though revenue was not as strong as some hoped, the company confirmed they took a small hit on sales to instead focus more resource to margins. At the end of the day, profit is what ultimately matters and will allow the company to become debt free again, and then throw off surplus FCF which it can use for buybacks, dividends, growth etc.

    The numbers suggest to me that the selloff in $APPS is partly justified, but way overdone, and that the company should continue to focus on debt repayment (stronger balance sheet) and profit margins rather than unprofitable sales growth. I hope next quarter reveals another uptick in margins, and a further reduction in gross debt, but in this market I don't expect miracles for the share price, just as so many other investors are finding across the board.
  • R
    RICHARD
    My Professional Advice 😲 is the calvary for the stock market is coming in about 7 weeks and it should be a force to reckon with. It should wipe the dims out.
    Most of the damage has already been done in the stock market. The Big Guy in Washington is wiping out our strategic oil reserves to keep prices down for the election, but it doesn't matter. This will be a huge Calvary coming. Just worry about the hurricane headed for Tampa🙄 and it's not the Green Bay Packers 🟢
  • S
    Starwoody
    HOW MUCH MONEY WILL INVESTORS LOSE WITH DIGITAL DISASTER THIS WEEK?
  • E
    Ed
    the fed going 75 or 100 points?
  • B
    Billy Budd
    Thought I would stop in and say Hi. Trying to figure out if APPS is an opportunity at this price.
  • Y
    Yiza
    Their advertising is worthless. Most sites/apps have their own internal platforms for ads now. All they got is app installs on android which isn’t that great and patent will expire. This is an under $5 stock easily.
  • C
    Christoph
    Anyone have a guess why DT wanted to extend secrecy with SEC?

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION September 21, 2022
    ORDER GRANTING CONFIDENTIAL TREATMENT UNDER THE SECURITIES EXCHANGE ACT OF 1934
    Digital Turbine, Inc.
    File No. 001-35958 - CF#37163
    Digital Turbine, Inc. submitted an application under Rule 24b-2 requesting an extension of a previous grant of confidential treatment for information it excluded from the Exhibits to a Form 10-Q filed on February 5, 2019.
    Based on representations by Digital Turbine, Inc. that this information qualifies as confidential commercial or financial information under the Freedom of Information Act, 5 U.S.C. 552(b)(4), the Division of Corporation Finance has determined not to publicly disclose it. Accordingly, excluded information from the following exhibit(s) will not be released to the public for the time period(s) specified:
    Exhibit 10.25.2 through January 13, 2025
    For the Commission, by the Division of Corporation Finance, pursuant to delegated authority:
    Dana Hartz
    Chief, Knowledge Management Office
  • H
    Hanan
    interesting to know how much money does they pay with the newly interest rates for the debt...
  • S
    Spider-Man
    Now we are affected by FedEx Shipping. Any excuse to take this down.
  • C
    Chris
    Amazing how we beat earnings and then drop 35% in the last 20 trading days...
  • d
    dorleans
    I love starting my day with the daily emails from http://alert-sounds.com/. They equip me with what I need to make wiser investment decisions!
  • P
    Patrick
    Down 75 percent ytd and nothings changed. I'm not selling
  • R
    RICHARD
    Let's see how long this post holds up:

    If I was a Republican this year running for office, I would run on 3 things in this order, and you would easily be elected.

    (1) Clean up crime in this country.
    (2) Inflation.
    (3) Secure the boarder.

    😏
  • N
    Nooch
    Keep accumulating. See you guys in 2025 when they start cutting interest rates.
  • T
    Thomas
    APPS is going to maybe hit new lows this week, after Powell speaks. But the stock action will have nothing to do with company specifics. It will reflect a Fed determined to cause a hard recession, while saying they're only trying for a 'soft landing'. There'll be texts here ripping DT and Stone. I'll buy a few more 2024 Calls. Yawn.
  • K
    Kenneth
    As we enter the fourth quarter of the year, retail businesses are going to need to advertise if they hope to come anywhere near making it for the year.
    I believe I have seen where single tap increases digital ad revenues up to 60%. If this is true and my company was fighting for an increase share of the pie in quarter four, I would seriously look at single tap.
    If I’m correct, Stone forecasted 5 new tier 1 single tap customers for Q322 and a total of 10 by the end of the year. If this happens, Q422 could be a decent quarter.
    Hopefully FCF will be between $35 and $40 Million this and the next quarter, profit margins expand and DT gets those 10 single tap customers by the end of the year.
  • B
    Blue
    Easy come Easy go
  • M
    Mark
    Powell will crash our economy by hiking rates too much, too fast. Sad part is I think they’re doing it on purpose.
  • S
    Starwoody
    I KNEW DIGITAL DOGSCHEIERT WOULD GO RED
  • K
    Kenneth
    Scary times in the stock market, but that is when the money is made. If you’re going to be in the market to benefit from the fear, the best place to be is in a high growth, FCF, low P/E stock with high institutional ownership, good management, and known catalyst for growth. This is a good description of APPS. The markets have been through these times before. We will be rewarded.