Digital Turbine, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings per Share

Earnings per Share

12 Months Ended

Mar. 31, 2024

Basic net (loss) income per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net (loss) income per share is computed based on the weighted average number of common shares outstanding plus the effect of potentially dilutive common shares outstanding during the period using the applicable methods. The Company excludes equity instruments from the calculation of diluted earnings per share if the effect of including such instruments is antidilutive.

The following table sets forth the computation of basic and diluted net (loss) income per share of common stock (in thousands, except per share amounts):


	Year ended March 31,
		2024		2023		2022
Net (loss) income per common share		(420,448)		16,870		35,569
Less: net (loss) income attributable to non-controlling interest		(220)		197		23
Net (loss) income to Digital Turbine, Inc.		$	(420,228)	$	16,673	$	35,546
Weighted-average common shares outstanding, basic		100,975		98,783		95,198
Basic net (loss) income per common share attributable to Digital Turbine, Inc.		$	(4.16)	$	0.17	$	0.37
Weighted-average common shares outstanding, diluted		100,975		101,816		102,640
Diluted net (loss) income per common share attributable to Digital Turbine, Inc.		$	(4.16)	$	0.16	$	0.35

Potentially dilutive outstanding securities of 4,405,087, 1,390,650, and 559,190 for the years ended March 31, 2024, 2023, and 2022, respectively, were outstanding but not included in the calculation of diluted earnings per share because inclusion of the securities in the calculation would be antidilutive due to their exercise prices exceeding the average market price of the common shares during the periods.