17 Sep Attached is a horizontal analysis that I completed of Digital Turbine?Inc’s Income Statement which they call a Consolidated Statement of Operations. This compares 2020 first quarter v
Attached is a horizontal analysis that I completed of Digital Turbine Inc's Income Statement which they call a Consolidated Statement of Operations. This compares 2020 first quarter versus 2019 first quarter results. Digital Turbine helps mobile operators to monetize their devices.
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Horizontal Income Statement
| 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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