Recent Securities Litigations

Digital Turbine Inc. Common Stock (NASDAQ: APPS)

40 Days left to seek lead plaintiff status.

Company Name:Digital Turbine Inc. Common Stock
Stock Symbol:NASDAQ: APPS
Class Period Start:08/09/2021
Class Period End (inclusive):05/17/2022
Filing Deadline:08/05/2022

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company’s recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) that, as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) that the Company’s internal control over financial reporting as to revenue recognition was deficient; and (4) that, as a result of the foregoing, the Company’s net revenues was overstated throughout fiscal 2022; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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