APPS Stock Is Up 60%. What’s Going On With Digital Turbine Today?

InvestorPlace

One of today’s biggest earnings movers is Digital Turbine . The company has shed more than 70% of its value over the past year; however, the mobile growth platform reported earnings yesterday and APPS has been rising steadily all day. The company has demonstrated quarter over quarter (Q/Q) growth in several key areas since the year began, including revenue from app growth platform and device solutions. After months of struggling, the penny stock may finally be on the verge of a turnaround.

Does this earnings success mean that APPS stock can finally rise above the $5 mark? Let’s take a closer look at this news and assess what investors should expect in the second half of 2024.

What’s Happening With APPS Stock

Today marks the company’s best trading day in months. As of this writing, APPS stock is up 60% and is poised to close out the day at almost $3 per point. Since the penny stock began trading today at just over $2, this is progress is notable, as is the growth reported in the earning report.

Digital Turbine highlighted in its recent earnings statement, “Fiscal first quarter of 2025 revenue totaled $118.0 million, representing an increase of 5% quarter-over-quarter as compared to the fiscal fourth quarter of 2024, and a decline of 19% year-over-year as compared to the fiscal first quarter of 2024.” The company certainly needed to show progress. When Digital Turbine reportedearnings for Q4 2024 in May, it beat earnings-per-share (EPS) estimates but missed on revenue. As InvestorPlace contributor Matthew Farley reported:

“In Q4 2024, the company achieved revenue of $112.2 million. That’s a 20% decline from $140.1 million in the same quarter the previous year. The company experienced a significant net loss of $236.5 million. This was primarily influenced by a non-cash goodwill impairment charge of $189.5 million.”

Now APPS stock is back in the green after a more promising earnings report. While this growth has helped boost shares in the short term, the company’s long term future remains highly uncertain. The fact that shares are down roughly 60% since the year began should compel investors to approach this stock with caution, even as the recent earnings success sparks optimism.

On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Samuel O’Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O’Brient writes a weekly column on recent political news that investors should be following.

Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

InvestorPlace

Conduit Pharmaceuticals

+4.47%

Conduit Pharmaceuticals Inc. Warrant

0.00%

Harrow

+2.93%

Harrow, Inc. 8.625% Senior Notes due 2026

0.00%

1847 Holdings

0.00%

It’s time to dive into the biggest pre-market stock movers on Thursday morning with all of the latest news this morning!

Moving stocks on Thursday are loads of earnings reports, a public stock pricing, and exclusive license deal and more.

Let’s get into that news below!

Biggest Pre-Market Stock Movers: 10 Top Gainers

Conduit Pharmaceuticals stock is rocketing more than 68% after announcing an exclusive license agreement.
Anew Medical W shares are soaring over 49% alongside heavy pre-market trading.
Harrow stock is surging more than 39% with its latest earnings report.
1847 Holdings E shares are rising over 30% despite a lack of news this morning.
LuxUrban Hotels stock is increasing more than 26% without any clear news today.
Coeptis Therapeutics shares are climbing over 24% on Thursday morning.
Aspen Aerogels stock is heading close to 23% higher with its new guidance.
CompoSecure shares are gaining more than 19% on Q2 earnings and revenue beats.
Digital Turbine stock is jumping over 18% with its most recent earnings report.
Klaviyo shares are up more than 18% after a guidance increase.

10 Top Losers

Cardlytics stock is crashing over 54% with its earnings report and a CEO change.
Outset Medical shares are plummeting more than 47% after missing Q2 revenue estimates.
Bumble stock is diving over 40% after cutting its revenue guidance.
Viracta Therapeutics shares are tumbling nearly 39% without any obvious news today.
Greenlane G stock is taking a more than 36% beating following a recent rally.
JFrog shares are sliding over 26% on missed Q2 estimates.
Dutch Bros stock is dropping more than 21% after missing estimates.
Know Labs shares are decreasing over 21% after pricing a public offering.
Vertex Energy stock is falling more than 20% with its Q2 earnings report,
Fastly shares close out our pre-market stock movers down over 19% on a lackluster guidance.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Why Digital Turbine Shares Are Trading Higher By Over 20%; Here Are 20 Stocks Moving Premarket

Benzinga

LuxUrban Hotels Inc. 13.00% Series A Cumulative Redeemable Preferred Stock

0.00%

Coeptis Therapeutics

-1.91%

Shares of Digital Turbine, Inc. rose sharply in today's pre-market trading after the company reported better-than-expected quarterly financial results.

Revenue declined 19% Y/Y to $118.0 million, beating the consensus of $116.03 million. Adjusted EPS stood at 7 cents, surpassing the consensus of 4 cents.

Digital Turbine shares jumped 20.8% to $2.15 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

Expion360 Inc. rose 36.5% to $0.1140 in today's pre-market trading. Expion360 shares dipped 68% on Wednesday after the company priced a $10 million underwritten public offering.
Anew Medical, Inc. W gained 25% to $1.360 in pre-market trading. Anew Medical announced the grant and issuance of patent number HK1259628 protecting the development of novel genetic approaches for neurodegenerative diseases to include Alzheimer’s disease, Parkinson’s diseases, and amyotrophic lateral sclerosis.
Luxurban Hotels Inc gained 26.3% to $0.12 in pre-market trading after falling 11% on Wednesday.
Coeptis Therapeutics Holdings Inc jumped 24.8% to $0.26 in pre-market trading.
Aspen Aerogels Inc shares gained 21% to $22.38 in pre-market trading after the company reported better-than-expected second-quarter revenue results.
Sezzle Inc. gained 18% to $93.02 in pre-market trading after the company reported better-than-expected quarterly financial results.
Color Star Technology Co., Ltd. shares gained 17.3% to $0.5725 in pre-market trading after surging 39% on Wednesday.
Fluence Energy, Inc. gained 13.7% to $15.73 in pre-market trading after the company reported better-than-expected third-quarter revenue results..
Staffing 360 Solutions, Inc. S shares rose 11.4% to $1.56 in pre-market trading after declining 8% on Wednesday.

Losers

Cardlytics, Inc. shares dipped 49.6% to $3.48 in pre-market trading after the company reported worse-than-expected second-quarter financial results.
Outset Medical, Inc. shares declined 47.1% to $1.80 in pre-market trading after the company reported worse-than-expected second-quarter financial results and cut its FY24 revenue guidance.
Bumble Inc. shares declined 39.8% to $4.85 in pre-market trading after the company reported worse-than-expected second-quarter revenue results.
Viracta Therapeutics, Inc. declined 38.9% to $0.2744 in pre-market trading.
Greenlane Holdings, Inc. G shares fell 36.1% to $2.59 in pre-market trading after jumping 58% on Wednesday.
JFrog Ltd. fell 27.4% to $24.73 pre-market trading after the company reported worse-than-expected second-quarter revenue results. Additionally, the company issued FY24 guidance below estimates.
Know Labs, Inc. fell 21.5% to $0.22 in today's pre-market trading after the company priced its $3.445 million public offering of 13.25m units at $0.26 per unit.
Dutch Bros Inc. shares fell 20.7% to $29.89 in pre-market trading after the company reported second-quarter results.
Fastly, Inc. fell 20.5% to $5.42 in pre-market trading after the company issued FY24 and Q3 guidance below estimates.
Precigen, Inc. shares fell 18.1% to $0.9660 in pre-market trading after the company priced $30 million public offering of 35,294,118 common stock at $0.85/share.

Now Read This:

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Risk Warnings and Disclaimers

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Digital Turbine Q1 Results Exceed Estimates, Sees Continued Demand In H2 FY25

Benzinga

Digital Turbine

-1.40%

Digital Turbine, Inc. shares are trading higher after the company reported better-than-expected first-quarter FY25 financial results.

Revenue declined 19% Y/Y to $118.0 million, beating the consensus of $116.03 million.

Revenue from On Device Solutions was $80.7 million, and from the App Growth Platform was $38.4 million, before intercompany eliminations.

On Device Solutions revenue grew 3% Q/Q, driven by new international devices and higher average revenue per device.

App Growth Platform revenue rose 11% Q/Q, fueled by increased demand for the high-performance Brand and Exchange offerings.

Adjusted EBITDA fell 46% Y/Y to $14.5 million in the quarter. Top-line growth and disciplined expenses improved the profit margins, with a 135-basis point sequential increase in EBITDA margin for the quarter.

Adjusted EPS stood at $0.07, surpassing the consensus of $0.04.

Outlook: Digital Turbine reaffirmed its FY 2025 revenue guidance of $540 million-$560 million (vs. consensus of $545.5 million) and adjusted EBITDA guidance of $85 million-$95 million.

CEO Bill Stone said, “We expect this top-line growth and margin expansion to continue in the second half of the calendar year, as we continue to see growing interest in, and real demand for, our uniquely-designed platform features amid the global market shift favoring more profitable alternative direct app distribution models.”

Price Action: APPS shares are up 19.7% at $2.130 premarket at the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Risk Warnings and Disclaimers

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Digital Turbine Inc Reports Results For The Quarter Ended In June - Earnings Summary

Reuters

Digital Turbine

-1.40%

Digital Turbine Inc APPS.OQ reported quarterly adjusted earnings of 7 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of three analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 1 cents to 6 cents per share.
Revenue fell 19.4% to $117.99 million from a year ago; analysts expected $116.03 million.
Digital Turbine Inc's reported EPS for the quarter was a loss of 25 cents.
The company reported a quarterly loss of $25.16 million.
Digital Turbine Inc shares had risen by 7.2% this quarter and lost 74.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 58.4% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for Digital Turbine Inc is $3.00

This summary was machine generated from LSEG data August 7 at 10:30 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)