Digital Turbine's stock rose by nearly 50% following the announcement of strong Q4 fiscal results, where the company outperformed both sales and earnings expectations. Their non-GAAP adjusted earnings per share reached $0.10 compared to estimates of $0.04, with sales of $119.15 million. The guidance for the current fiscal year also appears promising, projecting annual sales of $515 to $525 million, reflecting about 6% growth. Additionally, their adjusted EBITDA forecast ranged between $85 to $90 million, also surpassing market expectations, leading to a surge in stock prices amid a declining broader market.
Digital Turbine's fiscal Q4 results surpassed expectations, boosting stock prices significantly as investors respond positively to the company's strong forward guidance and performance.
The company reported a non-GAAP adjusted earnings per share of $0.10, exceeding Wall Street's expectation of $0.04, along with sales of $119.15 million.
Digital Turbine issued an optimistic sales forecast of $515 to $525 million for the current fiscal year, indicating a solid growth trajectory despite a modest decline in per-share profit.
This positive outlook is further supported by expectations of adjusted EBITDA between $85 million and $90 million, which also beat analyst estimates.
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