Categories Earnings, Technology

Digital Turbine, Inc. (NASDAQ: APPS): Q3 2020 Earnings Snapshot

— Digital Turbine, Inc. (NASDAQ: APPS) reported adjusted earnings of $0.05 per share for the third quarter of 2020, vs. 0.05 per share expected.

— Net income, on un-adjusted basis, was $3.3 million or $0.04 per share, compared to a loss of $1.1 million or $0.01 per share in the third quarter of 2019

— Revenues increased 18% to $36 billion from $30.41 billion last year, vs. $37.7 million expected

— Mobile Posse acquisition is expected to diversify mobile platform and create new growth opportunities

— Surpasses 365 million total devices with Ignite installed to date

— Signed a global partnership agreement with LG Electronics, a leading mobile communications and consumer electronics company

— Expects fourth-quarter revenue of between $33.2 million and $34.5 million; sees adjusted EBITDA of between $3.5 million and $4.0 million

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

IPO Alert: Here’s what to look for when CaliberCos goes public

The massive slowdown in the IPO market continued in the second half as the challenges posed by high inflation and interest rate hikes weighed on investor confidence. Meanwhile, there is

CarMax (KMX) Stock: Does the current dip offer a buying opportunity?

The automotive sector is one of the worst affected by the combination of high inflation and rising interest rates. Consumers have become more cautious and are prioritizing their purchases with

Ultimax Digital gears up for $10mln IPO. Here’s all you need to know

The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top