Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited)

v3.22.1
Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]        
Net revenue [1] $ 216,818 $ 88,592 $ 563,461 $ 218,497
Costs of revenue and operating expenses        
License fees and revenue share [1] 109,053 50,144 284,369 122,976
Other direct costs of revenue [1] 9,090 749 21,385 1,971
Product development [1] 13,755 5,202 40,594 13,827
Sales and marketing [1] 15,857 5,219 47,072 14,372
General and administrative [1] 39,924 6,761 105,225 22,096
Total costs of revenue and operating expenses [1] 187,679 68,075 498,645 175,242
Income from operations [1] 29,139 20,517 64,816 43,255
Interest and other income / (expense), net        
Change in fair value of contingent consideration [1] (18,200) (4,662) (40,287) (15,419)
Interest expense, net [1] (2,195) (266) (5,307) (859)
Foreign exchange transaction gain 2,122 [1] 0 [1] 1,603 [1] 0 [2]
Other expense, net [1] (86) (13) (598) (51)
Total interest and other income / (expense), net [1] (18,359) (4,941) (44,589) (16,329)
Income before income taxes [1] 10,780 15,576 20,227 26,926
Income tax provision [1] 3,718 1,061 4,799 2,098
Net income [1] 7,062 14,515 15,428 24,828
Less: net income / (loss) attributable to non-controlling interest [1] 48 0 (18) 0
Net income attributable to Digital Turbine, Inc. [1] 7,014 14,515 15,446 24,828
Other comprehensive loss        
Foreign currency translation adjustment (8,389) [1] (132) [3] (45,062) [1] (319) [1]
Comprehensive income / (loss) [1] (1,327) 14,383 (29,634) 24,509
Less: comprehensive loss attributable to non-controlling interest [1] (11) 0 (932) 0
Comprehensive income / (loss) attributable to Digital Turbine, Inc. [1] $ (1,316) $ 14,383 $ (28,702) $ 24,509
Net income per common share        
Basic (in dollars per share) [1] $ 0.07 $ 0.16 $ 0.16 $ 0.28
Diluted (in dollars per share) [1] $ 0.07 $ 0.15 $ 0.15 $ 0.26
Weighted-average common shares outstanding        
Basic (in shares) [1] 96,548 89,003 94,620 88,140
Diluted (in shares) [1] 103,287 96,976 101,346 95,563
[1] In the fiscal quarter ended June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 4 in the accompanying condensed consolidated financial statements.
[2] In the fiscal quarter ended June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 4 in the accompanying condensed consolidated financial statements.
[3] In the fiscal quarter ended June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 4 in the accompanying condensed consolidated financial statements.