Digital Turbine, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income / (Loss) Per Share

Net Income / (Loss) Per Share

9 Months Ended

Dec. 31, 2019

Basic net income / (loss) per share is calculated by dividing net income / (loss) by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee stock-based awards in periods where the Company had net losses. Because the Company was in a net loss position for the three months ended December 31, 2018, all potentially dilutive shares of common stock were determined to be anti-dilutive and, accordingly, were not included in the calculation of diluted net loss per share. For the nine months ended December 31, 2018, and the three and nine months ended December 31, 2019, the Company was in a net income position and has included the dilutive effect of employee stock-based awards using the treasury method and assuming an average stock price over the periods of $1.55, $7.44, and $5.90, respectively .

The following table sets forth the computation of net income / (loss) from continuing operations, net of taxes, per share of common stock (in thousands, except per share amounts):



	Three months ended December 31,					Nine months ended December 31,
	2019		2018			2019		2018
Income / (loss) from continuing operations, net of taxes	$	3,261	$	(1,136	)	$	253	$	2,460
Weighted-average common shares outstanding, basic	85,876		77,645			83,869		76,977
Weighted-average common shares outstanding, diluted	92,472		77,645			89,759		79,371
Basic and diluted net income / (loss) per common share	$	0.04	$	(0.01	)	$	—	$	0.03
Common stock equivalents included in net income per diluted share	6,596		—			5,890		2,394
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive	—		2,485			—		—