v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net revenues [1] $ 310,205 $ 70,893 $ 522,820 $ 129,905
Costs of revenues and operating expenses        
License fees and revenue share [1] 213,145 40,532 351,493 72,832
Other direct costs of revenues [1] 3,838 662 6,371 1,222
Product development [1] 17,904 4,217 33,451 8,625
Sales and marketing [1] 17,479 4,835 31,215 9,153
General and administrative [1] 41,307 8,531 64,613 15,335
Total costs of revenues and operating expenses [1] 293,673 58,777 487,143 107,167
Income from operations [1] 16,532 12,116 35,677 22,738
Interest and other income / (expense), net        
Change in fair value of contingent consideration [1] (22,087) (10,757) (22,087) (10,757)
Interest expense, net [1] (1,955) (287) (3,112) (593)
Foreign exchange transaction loss [1] (249) 0 (519) 0
Other expense, net [1] (477) (38) (512) (38)
Total interest and other income / (expense), net [1] (24,768) (11,082) (26,230) (11,388)
Income / (loss) before income taxes [1] (8,236) 1,034 9,447 11,350
Income tax provision / (benefit) [1] (2,349) 661 1,081 1,037
Net income / (loss) (5,887) [1] 373 [2] 8,366 [3] 10,313 [1]
Less: net loss attributable to non-controlling interest [1] (35) 0 (66) 0
Net income / (loss) attributable to Digital Turbine, Inc. [1] (5,852) 373 8,432 10,313
Other comprehensive loss        
Foreign currency translation adjustment (15,892) [2] (45) [2] (36,673) [1] (187) [1]
Comprehensive income / (loss) [1] (21,779) 328 (28,307) 10,126
Less: comprehensive loss attributable to non-controlling interest [1] (128) 0 (921) 0
Comprehensive income / (loss) attributable to Digital Turbine, Inc. [1] $ (21,651) $ 328 $ (27,386) $ 10,126
Net income / (loss) per common share        
Basic (in dollars per share) [1] $ (0.06) $ 0 $ 0.09 $ 0.11
Diluted (in dollars per share) [1] $ (0.06) $ 0 $ 0.08 $ 0.11
Weighted-average common shares outstanding        
Basic (in shares) [1] 96,157 88,035 93,807 87,712
Diluted (in shares) [1] 96,157 96,057 100,457 94,988
[1] In the quarter ending June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 3 in the accompanying condensed consolidated financial statements.
[2] In the quarter ending June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 3 in the accompanying condensed consolidated financial statements.
[3] In the quarter ending June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 3 in the accompanying condensed consolidated financial statements.

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