Digital Turbine Inc. (NASDAQ: APPS) is betting on the word of mouth to get the message about its products out to potential customers and partners. The company has recently favored investor conference presentations to drum up publicity for its solutions and the latest conference presentation was this week at the B. Riley 17th Annual Investor Conference.
The event that took place in Los Angeles, California saw Digital Turbine Inc. (NASDAQ: APPS)’s CEO, Bill Stone, make a presentation. Other officials of the company hosted one-on-one meetings at the B. Riley annual conference. In a securities filing, the company said its presentation would include certain balance sheet information.
In the coming weeks, the company is scheduled to participate in another annual investor conference organized by Craig-Hallum Institutional. The event will take place in Minneapolis, Minnesota on June 1. Digital’s CEO Stone, will again represent his company at the investor conference, especially hosting meetings throughout the day.
There is no doubt that Digital Turbine Inc. (NASDAQ: APPS) is putting a high premium on conference presentations. It appears the management has got to a point where they think that the company needs to actively and directly reach out to potential partners and customers.
In a recent commentary about Digital Turbine Inc. (NASDAQ: APPS)’s financial results for the March quarter, CEO Stone talked about the strong demand they were seeing for their products. He said that the company will in the future focus intently on actions that will ensure that it takes maximum advantage of the underlying demand to deliver better financial results going forward.
Digital Turbine Inc. (NASDAQ: APPS) F4Q2016 financials
Digital released preliminary F4Q2016 results that showed revenue in the range of $23 to $23.5 million. Although the revenue range suggests that revenue increased by a factor of 45% over the previous quarter, the management said the performance would have been much better had it not been for delays in Galaxy S7 launch. Unfavorable development with one of the company’s major North American telco accounts also adversely impacted the quarter’s topline.
Digital Turbine Inc. (NASDAQ: APPS) finished the quarter with $11.3 million of cash and equivalents. But the management didn’t say whether the amount was enough to finance operations through F2017.