Revenue Update on Digital Turbine Inc(NASDAQ:APPS)

Digital Turbine Inc(NASDAQ:APPS) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $24.04M. Analysts estimated a revenue of $23.82M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.08.

In a different note, On Jun 14, 2016, Ladenburg Thalmann said it Downgrades its rating on Digital Turbine Inc. The shares have been rated ‘Neutral’ by the firm.

Digital Turbine Inc (APPS) made into the market gainers list on Wednesdays trading session with the shares advancing 1.02% or 0.01 points. Due to strong positive momentum, the stock ended at $0.99, which is also near the day’s high of $1.03. The stock began the session at $1.03 and the volume stood at 1,35,483 shares. The 52-week high of the shares is $2.64 and the 52 week low is $0.73. The company has a current market capitalization of $66 M and it has 6,66,34,005 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, Robert M Deutschman (director) purchased 45,120 shares at $1.06 per share price.Also, On Mar 16, 2016, William Gordon Iii Stone (CEO) purchased 150,000 shares at $1.05 per share price.On Oct 1, 2015, Judson Bowman (director) purchased 31,847 shares at $1.57 per share price, according to the Form-4 filing with the securities and exchange commission.

Digital Turbine Inc. formerly Mandalay Digital Group Inc. is delivering end-to-end products and solutions for mobile operators application advertisers device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company manages its business in four operating segments: Ignite IQ Appia Core and Content. The four operating segments have been aggregated into two segments: Advertising and Content. The Company’s Advertising business consists of products including the following: DT Ignite a mobile device management solution with targeted application distribution capabilities; DT IQ a customized user experience and application discovery tool; DT Media an advertiser solution for carrier and OEM inventory and Appia Core a mobile user acquisition network. Its Content business consists of the following products: DT Marketplace an application and content store and DT Pay a content management and mobile payment solution.

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