Digital Turbine (NasdaqCM:APPS) Climbs 135% Following CFO Appointment

Simply Wall St.
04 Mar

Digital Turbine experienced a 134.93% share price surge over the last quarter, a period marked by notable executive changes and revised corporate guidance. Despite announcing a weaker-than-expected third-quarter performance with sales decreasing to $135 million and a net loss widening to $23 million, the appointment of Stephen Lasher as the new CFO likely instilled renewed investor confidence. The company's upward revision of its fiscal year 2025 revenue guidance to between $485 million and $490 million may have further supported market enthusiasm. This robust performance contrasts sharply with wider market trends, where major indexes like the Nasdaq Composite fell by 0.4% amidst economic concerns and manufacturing data downturns. Throughout this period, Digital Turbine's strategic initiatives like partnering with TIM Brazil and expanding its service footprint likely positioned the company favorably relative to broader tech sector volatility and investor sentiment towards emerging tech solutions.

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NasdaqCM:APPS Earnings Per Share Growth as at Mar 2025

Digital Turbine's total shareholder return was 7.52% over the past year. Although this exceeded the US Software industry return of 4.4%, it underperformed against the broader US Market, which returned 15.3%. During this period, the company's financial position was impacted by dropping from key growth indexes like the Russell 2000 and 3000 Growth indexes in July 2024. Despite this, efforts to reinforce its global footprint were evidenced by a strategic partnership with TIM Brazil in January 2025 to enhance mobile services in that market.

Executive changes also shaped the company's trajectory. Stephen Lasher was appointed as CFO in February 2025, succeeding Barrett Garrison, and his familiar presence in the tech sector might have brought renewed market confidence. However, challenges persist, highlighted by earnings results showing a widening net loss and lower-than-expected sales for Q4 2024. These intricate factors collectively contributed to the mixed performance of Digital Turbine's shares over the past year.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqCM:APPS.

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