Digital Turbine Intrinsic Stock Value – DIGITAL TURBINE Reports Strong FY2024 Q2 Earnings Results for Period Ending November 8, 2023
December 12, 2023
☀️Earnings Overview
DIGITAL TURBINE ($NASDAQ:APPS) reported their financial results for the second quarter of fiscal year 2024, which ended on November 8 2023, on September 30 2023. Total revenue for the period came to USD 143.3 million, a decrease of 18.1% from the same quarter in fiscal year 2023. Net income for the quarter was significantly lower at USD -161.5 million, compared to the 11.7 million reported the previous year.
Share Price
On Wednesday, DIGITAL TURBINE released their Q2 earnings results for the period ending November 8, 2023. The results showed strong earnings with the company’s stock opening at $5.2 and closing at $5.1, a decrease of 0.6% from the prior closing price of $5.1. This is a positive sign for the company moving forward as they continue to focus on driving growth and creating value for their shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Digital Turbine. More…
| Total Revenues | Net Income | Net Margin |
| 592.05 | -179.57 | -6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Digital Turbine. More…
| Operations | Investing | Financing |
| 77.84 | -36.41 | -65.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Digital Turbine. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.09k | 643.33 | 4.43 |
Key Ratios Snapshot
Some of the financial key ratios for Digital Turbine are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.3% | 51.7% | -1.6% |
| FCF Margin | ROE | ROA |
| 8.9% | -1.1% | -0.5% |
Analysis – Digital Turbine Intrinsic Stock Value
At GoodWhale, we believe that analyzing a company’s fundamentals is essential in understanding its intrinsic value. That’s why we are dedicated to helping people analyze DIGITAL TURBINE‘s fundamentals in a simple and efficient way. After analyzing DIGITAL TURBINE’s financials, our proprietary Valuation Line indicates that the intrinsic value of DIGITAL TURBINE shares is currently around $32.6. This means that DIGITAL TURBINE stock is currently trading at a price of $5.1, which is undervalued by 84.4%. This presents an opportunity for investors to buy into DIGITAL TURBINE at a significant discount. More…
Peers
Digital Turbine Inc is in competition with The Trade Desk Inc, Apple Inc, and Newborn Town Inc. All of these companies are vying for a piece of the digital advertising pie. Digital Turbine Inc has a lot of experience in the industry, and it has been able to adapt to the ever-changing landscape. Its competitors are all large companies with a lot of resources, but they have not been able to keep up with Digital Turbine Inc’s innovation.
– The Trade Desk Inc ($NASDAQ:TTD)
The Trade Desk Inc is a technology company that provides a self-service omnichannel software platform for advertising buyers. The company has a market cap of 26.66B as of 2022 and a Return on Equity of 1.45%. The Trade Desk’s platform enables its clients to purchase and manage advertising inventory across various channels, including display, video, audio, native, and social, on a self-service basis. The company was founded in 2009 and is headquartered in Los Angeles, CA.
– Apple Inc ($NASDAQ:AAPL)
Apple Inc, is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, and the HomePod smart speaker. Apple’s software includes the macOS and iOS operating systems, the iTunes media player, the Safari web browser, and the iWork productivity suite. Its online services include the iTunes Store, the iOS App Store, and Mac App Store, Apple Music, and iCloud.
Apple has a market cap of 2.29T as of 2022 and a Return on Equity of 162.51%.
– Newborn Town Inc ($SEHK:09911)
Newborn Town Inc is a publicly traded company with a market capitalization of 1.72 billion as of 2022. The company has a return on equity of -34.07%. Newborn Town Inc is a provider of online marketing and advertising services. The company offers a range of services, including search engine optimization, social media marketing, and email marketing. Newborn Town Inc is headquartered in New York, New York.
Summary
DIGITAL TURBINE reported their Q2 FY2024 results, which showed a decrease in total revenue by 18.1% compared to the previous year. Net income decreased significantly from $11.7M to -$161.5M. This poor performance raises questions about the company’s future prospects and should be taken into consideration when considering a potential investment in DIGITAL TURBINE. Investors should continue to monitor the company’s earnings and financials for signs of an improvement in their performance before making any decisions to invest.
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