2024-06-11 17:16:14 ET
Summary
- Digital Turbine's financial results continue to disappoint, pressuring the stock, despite a low valuation.
- Poor results have been attributed to soft device sales and a tech stack migration, but after several years of weakness it is difficult to continue blaming macro conditions.
- While SingleTap has potential, this part of the business doesn't appear to have any momentum.
- Until Digital Turbine focuses on efficiency, it is hard to be optimistic about the company's prospects.
Digital Turbine ( APPS ) financial results continue to disappoint, dragging the stock lower, despite a very low valuation. Extremely weak Q4 results were largely attributed to soft device sales and the migration of the company's tech stack onto a consolidated platform. Digital Turbine’s performance has been poor for the past two years though, making it difficult to continue shifting blame onto the macro environment....
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Digital Turbine: Call Of The Void