Digital Turbine Third Quarter 2024 Earnings: Misses Expectations
Digital Turbine (NASDAQ:APPS) Third Quarter 2024 Results
Key Financial Results
Revenue: US$142.6m (down 12% from 3Q 2023).
Net loss: US$14.1m (down by 450% from US$4.02m profit in 3Q 2023).
US$0.14 loss per share (down from US$0.041 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Digital Turbine Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates.
Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 30% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Digital Turbine.
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