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

Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

Net Loss Per Share

3 Months Ended

Jun. 30, 2018

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 has net losses. Because the Company was in a net loss position for the three months ended June 30, 2017, 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 three months ended June 30, 2018, 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 period of $1.71.

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



	Three Months Ended June 30,
	2018		2017
Net income / (loss)	$	1,528	$	(4,087	)
Weighted-average common shares outstanding, basic	76,204		66,599
Weighted-average common shares outstanding, diluted	79,598		66,599

Basic and diluted net income / (loss) per common share	$	0.02	$	(0.06	)
Common stock equivalents included in net income per diluted share	3,394		—
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive	—		1,033