$118.8 M

APPS Mkt cap, 22-Jun-2018

$74.8 M

Digital Turbine Revenue FY, 2018
Digital Turbine Gross profit (FY, 2018)25.1 M
Digital Turbine Gross profit margin (FY, 2018), %33.5%
Digital Turbine Net income (FY, 2018)-52.9 M
Digital Turbine EBIT (FY, 2018)-5.8 M
Digital Turbine Cash, 31-Mar-201812.7 M

Digital Turbine Revenue Breakdown

Embed Graph

Digital Turbine revenue breakdown by business segment: 66.8% from Advertising and 33.2% from Content

Digital Turbine Financials

Digital Turbine Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

24.4 m28.3 m86.5 m91.6 m74.8 m

Revenue growth, %

16%206%6%

Cost of goods sold

16.6 m22.1 m76.7 m78.2 m49.7 m

Gross profit

7.8 m6.1 m9.8 m13.4 m25.1 m

Gross profit Margin, %

32%22%11%15%34%

Sales and marketing expense

1.9 m2.9 m6.1 m6.5 m6.1 m

R&D expense

12 m9.7 m

General and administrative expense

13.6 m19 m18.7 m16.8 m15.1 m

Operating expense total

15.5 m22 m24.8 m35.4 m30.9 m

EBIT

(15.5 m)(23.7 m)(25.9 m)(22 m)(5.8 m)

EBIT margin, %

(64%)(84%)(30%)(24%)(8%)

Interest expense

1.4 m234 k1.8 m2.6 m2.1 m

Pre tax profit

17.5 m23.9 m27.8 m

Income tax expense

(214 k)747 k(272 k)(144 k)

Net Income

(18.7 m)(24.6 m)(28 m)(24.3 m)(52.9 m)

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

7 m7 m5.6 m5.5 m7 m18.7 m20.7 m24.1 m24 m22.8 m22.3 m26.1 m

Cost of goods sold

4.5 m5 m4.1 m3.7 m5 m16.4 m20.7 m20.3 m21.1 m19.7 m18.9 m19.5 m

Gross profit

2.5 m2.1 m1.4 m1.8 m2 m2.3 m77 k3.8 m2.9 m3.2 m3.4 m6.6 m

Gross profit Margin, %

36%29%25%33%28%12%0%16%12%14%15%25%

Sales and marketing expense

581 k555 k761 k743 k485 k1.3 m1.5 m1.7 m1.4 m1.5 m1.7 m1.6 m

R&D expense

2.5 m2.1 m2 m2.2 m1.7 m2.8 m2.4 m2.7 m2.8 m3.1 m3.1 m2.8 m

General and administrative expense

3.3 m3.6 m3.4 m3.5 m5.2 m5.4 m4.3 m4.7 m5.1 m4.8 m4 m3.8 m

Operating expense total

6.4 m6.2 m6.1 m6.4 m7.4 m9.4 m8.2 m9.1 m9.4 m9.5 m8.8 m8.1 m8.6 m

EBIT

(3.9 m)(4.2 m)(4.7 m)(4.6 m)(5.4 m)(7.2 m)(8.1 m)(5.3 m)(6.4 m)(6.3 m)(5.4 m)(1.5 m)(1.3 m)

EBIT margin, %

(56%)(60%)(84%)(85%)(77%)(38%)(39%)(22%)(27%)(28%)(24%)(6%)

Interest expense

4 k682 k622 k725 k707 k

Income tax expense

(90 k)(19 k)(72 k)114 k3 k296 k31 k

Net Income

(6.2 m)(4.2 m)(4.6 m)(9.8 m)(150 )(8.1 m)(16.4 m)(22.2 m)(7.4 m)(7.3 m)(2.6 m)(6.5 m)

Digital Turbine Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

21.8 m7.1 m11.2 m6.1 m12.7 m

Accounts Receivable

6.6 m

Current Assets

27.5 m20.2 m29.7 m23.7 m39.8 m

PP&E

465 k614 k1.8 m2.4 m2.8 m

Goodwill

4.8 m76.7 m76.6 m76.6 m42.3 m

Total Assets

45.1 m122.6 m122.1 m107.6 m86.6 m

Accounts Payable

2.9 m8.1 m15.3 m19.9 m19.9 m

Short-term debt

10.6 m3.6 m

Current Liabilities

11.9 m24 m39 m30.8 m46.4 m

Long-term debt

Total Debt

10.6 m3.6 m

Total Liabilities

12.1 m31 m39.8 m45.5 m58.9 m

Common Stock

8 k10 k

Preferred Stock

100 k100 k

Additional Paid-in Capital

193.4 m276.5 m295.4 m299.6 m318.1 m

Retained Earnings

(160.3 m)(185 m)(213 m)(237.3 m)(290.1 m)

Total Equity

33 m91.5 m82.3 m62 m27.7 m

Debt to Equity Ratio

0.1 x0 x

Debt to Assets Ratio

0.1 x0 x

Financial Leverage

1.4 x1.3 x1.5 x1.7 x3.1 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

7.8 m4.7 m18.7 m16.7 m11.4 m6.2 m4.6 m13.7 m9.4 m9.4 m5.7 m6.3 m5.9 m

Accounts Receivable

(7.5 m)

Inventories

444 k

Current Assets

14.3 m11.4 m24.4 m21.7 m17.6 m19.7 m19.8 m31.4 m25.7 m27.9 m26 m27.5 m30.5 m

PP&E

427 k459 k470 k422 k414 k878 k1.2 m1.5 m2 m2.5 m2.5 m2.5 m

Goodwill

4.8 m4.8 m6.3 m6.3 m7.3 m76.8 m76.6 m76.6 m76.6 m76.6 m76.6 m76.6 m76.6 m

Total Assets

30.5 m27.2 m38.5 m35.9 m33.3 m120.3 m115.8 m125.1 m116.5 m117.1 m112.2 m110.9 m113.8 m

Accounts Payable

5.6 m4.9 m3.5 m3.8 m3.8 m10.7 m13.2 m13.7 m15.1 m20.1 m19.8 m20.3 m23.3 m

Short-term debt

3.3 m3.2 m

Current Liabilities

11 m10.7 m9.1 m10 m11.7 m28.1 m29.8 m30.9 m39.4 m31.4 m31.5 m35.2 m39 m

Total Debt

3.3 m3.2 m

Total Liabilities

11.3 m11 m9.1 m10 m11.7 m35.3 m37.2 m38.3 m40.3 m47.1 m43.7 m52.1 m53.6 m

Common Stock

8 k8 k8 k8 k10 k

Preferred Stock

100 k100 k100 k100 k100 k

Additional Paid-in Capital

172.5 m173.8 m194.5 m196 m197.3 m278.1 m280 m294 m296.7 m297.9 m299 m300.5 m308.4 m

Retained Earnings

(153.5 m)(157.7 m)(164.9 m)(170.1 m)(175.6 m)(193.1 m)(201.4 m)(207.2 m)(220.4 m)(227.7 m)(230.3 m)(241.4 m)(247.9 m)

Total Equity

19.2 m16.3 m29.5 m25.8 m21.7 m85 m78.6 m86.8 m76.2 m70 m68.5 m58.7 m60.2 m

Financial Leverage

1.6 x1.7 x1.3 x1.4 x1.5 x1.4 x1.5 x1.4 x1.5 x1.7 x1.6 x1.9 x1.9 x

Digital Turbine Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(18.7 m)(24.6 m)(28 m)(24.3 m)

Depreciation and Amortization

1.9 m2.1 m11 m8.2 m2.7 m

Accounts Receivable

(734 k)(406 k)(5.1 m)833 k(7.1 m)

Inventories

(2.6 m)(142 k)57 k

Accounts Payable

(893 k)(379 k)7.3 m4.6 m8.1 m

Cash From Operating Activities

(7.8 m)(14.5 m)(7.1 m)(7 m)7 m

Cash From Investing Activities

(981 k)(878 k)(674 k)(596 k)

Cash From Financing Activities

29.6 m511 k12.1 m1.7 m

Interest Paid

1.4 m1.1 m

Income Taxes Paid

74 k2 k

Free Cash Flow

(8.6 m)5 m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(4.6 m)(9.8 m)(15.3 m)(8.1 m)(16.4 m)(22.2 m)(7.4 m)(14.8 m)(17.3 m)(4.2 m)(6.5 m)

Depreciation and Amortization

1 m1.6 m369 k737 k1.2 m2.2 m6.9 m8.6 m2.1 m4.2 m6.3 m888 k

Accounts Receivable

(1 m)(1.5 m)(4 k)764 k(443 k)(354 k)(2.3 m)(4.6 m)2 m35 k(1.9 m)(3.7 m)(7.5 m)

Inventories

444 k

Accounts Payable

418 k(443 k)561 k875 k438 k2.6 m5.1 m5.6 m(169 k)4.8 m4.5 m395 k23.3 m

Cash From Operating Activities

(3.9 m)(6.9 m)(3.1 m)(5.5 m)(8.7 m)(359 k)(1.7 m)(5.5 m)(1.1 m)(3.6 m)(7.8 m)(1.4 m)(1.4 m)

Purchases of PP&E

(32 k)(61 k)(32 k)(6 k)

Cash From Investing Activities

805 k(835 k)(22 k)5 k(2.1 m)(318 k)(587 k)(101 k)(472 k)(1.1 m)(382 k)(374 k)(823 k)

Cash From Financing Activities

11.3 m11.3 m375 k375 k(140 k)(251 k)12.2 m(278 k)1.9 m1.9 m

Income Taxes Paid

19 k2 k

Free Cash Flow

(1.6 m)(4.7 m)(9.2 m)(1.8 m)(2.2 m)

Digital Turbine Ratios

USDY, 2018

Revenue/Employee

512 k

Financial Leverage

3.1 x
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Digital Turbine Operating Metrics

Digital Turbine's Monthly Active Users was reported to be 31 m in May, 2017.
May, 2017

Installations

150 m

Monthly Active Users

31 m
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