Digital Turbine Intrinsic Value Calculator – DIGITAL TURBINE Reports FY2023 Q4 Earnings Results as of March 31, 2023 on May 24th
June 24, 2023
🌥️Earnings Overview
On May 24, 2023, DIGITAL TURBINE ($NASDAQ:APPS) released their financial results for FY2023 Q4, ending on March 31, 2023. For the quarter, they reported total revenue of USD 140.1 million, a decline of 23.9% year-over-year, and net income of USD -13.9 million compared to USD 20.1 million in the same period the year prior.
Share Price
On Wednesday, May 24th, DIGITAL TURBINE released its fourth quarter earnings results for fiscal year 2023. The company opened the day with a stock price of $14.2, and at the close of the day it had risen to $14.4, a 0.6% uptick from its previous closing price of $14.4. The earnings report included information on the company’s revenue, net income, operating expenses, and other financial metrics. It also provided insight into DIGITAL TURBINE’s strategic direction and future outlook. Operating expenses were also down significantly from the previous year due to cost-cutting measures.
The report was generally viewed as positive by investors and analysts, and DIGITAL TURBINE’s stock is expected to remain strong in the near future. The company has invested heavily in research and development, which is likely to continue driving growth in the near future. Overall, DIGITAL TURBINE’s FY2023 Q4 earnings results were well-received by investors and analysts alike. The company’s financial performance is expected to remain strong in the coming quarters and years, as it continues to make strategic investments in research and development. 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 |
| 665.92 | 16.67 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Digital Turbine. More…
| Operations | Investing | Financing |
| 15.86 | -9.76 | -11.59 |
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 |
| 1.27k | 659.3 | 6.11 |
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 |
| 68.7% | 51.7% | 6.8% |
| FCF Margin | ROE | ROA |
| 1.6% | 4.7% | 2.2% |
Analysis – Digital Turbine Intrinsic Value Calculator
At GoodWhale, we have conducted a thorough analysis of the fundamentals of DIGITAL TURBINE. We have concluded that the fair value of their stock is around $49.5, which was calculated using our proprietary Valuation Line. At the moment, DIGITAL TURBINE stock is traded at $14.4, which means that it is undervalued by a massive 70.9%. Therefore, we believe DIGITAL TURBINE is worth considering as an investment opportunity for those who are looking to grow their portfolios. More…
Peers
Digital Turbine Inc is in competition with The Trade Desk Inc, Apple Inc, and Newborn Town Inc. All of these companies are vying for a piece of the digital advertising pie. Digital Turbine Inc has a lot of experience in the industry, and it has been able to adapt to the ever-changing landscape. Its competitors are all large companies with a lot of resources, but they have not been able to keep up with Digital Turbine Inc’s innovation.
– The Trade Desk Inc ($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
Investors in DIGITAL TURBINE have seen a significant dip in the company’s financial performance as it reported a 23.9% year-over-year decrease in its total revenue for the quarter ended March 31 2023. Net income was reported to be USD -13.9 million, a steep decline compared to the USD 20.1 million reported in the same period last year. This poor financial report may be a cause for concern among investors, who should take into account the current economic climate before making any investment decisions.
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