After another terrific quarter by $APPS, we provide a thread on the “still under the radar” company, posting three-digit revenue growth in the last 4 quarters.

Digital Turbine, a mobile advertising company that makes it easier for people to discover new apps and content. The...

company is profitable and revenue growth is accelerating at a rapid pace. Yet, it’s still only scratching the surface of its huge total addressable market (TAM).

Customers include Samsung, $VZ, $T, Xiaomi, $UBER, $TMUS, $TEF, $SNE, $TWTR, $Z, $TGT, $DPZ, $BKNG, $FB etc

Revenue per device is growing nearly 70% internationally and 25% in the US. With the rapid growth of mobile apps and limited space on phones, revenue per device can continue to accelerate.

Digital Turbine has been aggressively recruiting for the past 1 year, as you will see on their twitter page. That to me, signifies strength and signs of good things to come.

Recently, the company received a company culture award for best business practices and promoting a strong work environment. https://ir.digitalturbine.com/press-releases/detail/598/digital-turbine-earns-company-culture-award

Valuation metrics (as of 7/2/21): P/S of 30.54, P/E of 213, Market Cap of $7.88B, Cash of $43.66M, Debt of $24.88M. Outstanding shares of 89.41M. With its mind-blowing growth, valuation is not as steep as it seems. https://finance.yahoo.com/quote/APPS/key-statistics?p=APPS

Full Year 2021 Forecast- revenue of $298M-$300M (+115% midpoint) with adjusted EBITDA at $71M-$72M (+260% at midpoint) and adjusted EPS at $0.67.

We are bullish!
More info here: https://seekingalpha.com/article/4403955-digital-turbine-seems-unstoppable