Digital Turbine delivered a solid set of results in the last quarter surpassing Wall Street expectations on all counts. The company has witnessed a strong demand for its offerings and they also went ahead and improved their SingleTap licensing product. The management’s goal is to start generating revenue in the current quarter and ramp up the product in the third quarter. Video is the placement media with the greatest potential and the company is encashing on the same as its growth for the quarter was in the high teens. They are also pivoting their Content Media business to focus increasingly on postpaid subscribers compared to predominantly prepaid subscribers. Their mediation solutions are moving along well, adding many more app publishers in the quarter. In addition, Digital Turbine is using its On-Device position, independence, direct demand, and differentiating solutions like SingleTap across the whole organization to ensure that its partners, customers, and other stakeholders realize the benefits of OneDT in the market. We give Digital Turbine a ‘Buy’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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