|
|
|
| Digital Turbine |
|
|
|
| Horizontal Income Statement |
|
|
|
| Comparing 1st Quarter 2020 versus 1st Quarter 2019 |
|
|
|
| 6/30/20 |
6/30/19 |
|
|
|
| (in thousands) |
| % change |
|
|
| Net revenues |
$59,012 |
$30,553 |
93.15% |
|
|
| Cost of revenues |
|
|
| License fees and revenue share |
32,300 |
18,275 |
76.74% |
|
|
| Other direct costs of revenues |
560 |
278 |
101.44% |
|
|
| Total cost of revenues |
32,860 |
18,553 |
77.11% |
|
|
| Gross profit |
26,152 |
12,000 |
117.93% |
|
|
| Operating expenses |
|
|
| Product development |
4,408 |
2,794 |
57.77% |
|
|
| Sales and marketing |
4,318 |
2,278 |
89.55% |
|
|
| General and administrative |
6,804 |
3,888 |
75.00% |
|
|
| Total operating expenses |
15,530 |
8,960 |
73.33% |
|
|
| Income from operations |
10,622 |
3,040 |
249.41% |
|
|
| Interest and other income/(expense), net |
|
|
| Interest income/ (expense), net |
-306 |
18 |
-1800.00% |
|
|
| Change in fair value of warrant liability |
0 |
-5,226 |
100.00% |
|
|
| Other income (expense) net |
0 |
390 |
-100.00% |
|
|
| Total interest and other income (expense), net |
-306 |
-4,818 |
93.65% |
|
|
| Income (loss) from continuing operations before income taxes |
10,316 |
-1,778 |
680.20% |
|
|
| Income tax provision/ (benefit) |
376 |
-107 |
451.40% |
|
|
| Income (loss) from continuing operations, net of taxes |
9,940 |
-1,671 |
694.85% |
|
|
| Income (loss) from discontinued operations |
0 |
-148 |
100.00% |
|
|
| Income (loss) from discontinued operations, net of taxes |
0 |
-148 |
100.00% |
|
|
| Net income |
$9,940 |
-$1,819 |
646.45% |
|
|
| Reference: |
|
|
| Digital Turbine, Inc. 1st Qtr 10Q. (2020). Retrieved from https://ir.digitalturbine.com/quarterly-reports/content/0001628280-20-011809/0001628280-20-011809.pdf |
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DigitalTurbineIncHorizontalIncomeStatement3.xlsx
