2024-03-18 06:11:57 ET
Summary
- Digital Turbine's stock has dropped 82% since my last coverage in 2021.
- On-Device Solution Revenue declined by 9.8% YoY, primarily due to lower mobile device sales and the loss of a major partner, T-Mobile.
- The App-Growth Platform revenue declined by 30% YoY due to weaker demand and the integration of legacy platforms.
- SingleTap's revenue generation remains below expectations.
- While the pursuit of alternative app stores holds potential, revenue generation from this segment remains nascent and requires careful monitoring for future growth.
Investment Thesis
The last that I covered this stock was back in Nov. 2022 , and wow, the stock has dropped a staggering 82%....
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For further details see:
Digital Turbine: Why I Will Stay Clear For Now