Digital Turbine reports Q2 adjusted EPS 5c, consensus 3c
Reports Q2 revenue $32.8M, consensus $31.27M. The company said, "Our ability to simultaneously drive strong growth on both the top and bottom lines demonstrates the market momentum and inherent operating leverage of our business. Spearheaded by growing partner adoption of our leading mobile platform and robust worldwide demand from advertisers, we achieved strong financial results, generating more than $4.5M in Adjusted EBITDA and $5.7M in free cash flow during the quarter. As a result of this performance, we exited the September quarter with more than $25M in cash on our debt-free balance sheet. We believe that the results reported today are further demonstration that we have successfully developed an attractive, highly scalable, and profitable platform business."