Digital Turbine Crashed, Now What?

  • The shares have crashed with the rest of tech but took another lurch down on a slowdown of growth, which is likely to be cyclical in nature.
  • The secular growth story is likely to be intact and will get another boost from additional drivers like licensing SingleTap, a huge and high-margin generating opportunity.
  • At roughly 3x EV/S and 10x EV/EBITDA, we think the shares are cheap and already well into ‘undershoot’ territory and we have quite a few of these in our marketplace.
  • The company is profitable and produces considerable amounts of cash flow.

Digital Turbine Crashed, Now What?