AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Digital Turbine Inc. (APPS) on Wednesday reported a loss of $25.2 million in its fiscal first quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 25 cents. Earnings, adjusted for amortization costs and stock option expense, came to 7 cents per share.
The mobile software company posted revenue of $118 million in the period.
Digital Turbine expects full-year revenue in the range of $540 million to $560 million.
In the final minutes of trading on Wednesday, the company’s shares hit $1.78. A year ago, they were trading at $10.46.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APPS at https://www.zacks.com/ap/APPS
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
