Digital Turbine, Inc. (NASDAQ:APPS) Q3 2024 Earnings Call Transcript

Anthony Stoss: Got you. And Bill, back to you. Just curious if you could talk about what you’re seeing in the competitive environment. If one source is having issues or not, just what you expect, and then I had one last question after that.

Bill Stone: Yes, I think in the competitive environment, obviously there’s been a lot of announced changes out there in the market for one of our competitors. So we’re looking at that as an opportunity for our business, especially as we talked about this softness in US device supply. And while we expect that to rebound by some of the things, I was talking about with chipset suppliers and flagship devices and all that, we also have to take matters in our own hands. And so we’re viewing some of those changes happen in the macroenvironment with some of the competitors as a positive for us. And there’s a lot of encouraging things going on in the pipeline right now.

Anthony Stoss: Got you. And then hopefully you can answer this or give everybody a sense. It’s been a frustrating stock for some time. Numbers keep going down. When you look over the next 12 months, so fiscal 2025, would you expect at least revenue growth in ‘25 over ‘24?

Barrett Garrison: Tony, your question around run rate growth?

Anthony Stoss: No, just fiscal year 2025 revenue is your next, call it June through the next March quarter. Do you expect growth? Given everything that’s going on in the tech stack and the issues that’s created?

Barrett Garrison: Yes, all the things we’re working towards, all the things we have in our planning and execution that we talked about are to drive growth next year. And that would be the expectation.

Operator: And ladies and gentlemen, with that, we’ll be ending today’s question and answer session. I’d like to turn the floor back over to our CEO, Bill Stone, for any closing remarks.

Bill Stone: Yes, thanks everyone for joining the call tonight. We’ll look forward to reporting on our progress against all the points we made on the call tonight. And we’ll talk to you again on our fiscal ‘24 fourth quarter call in a few months. Thanks, and have a great night.

Operator: Ladies and gentlemen, that will conclude today’s conference call. We thank you for attending today’s presentation. You may now disconnect your lines.