Digital Turbine, Inc. (NASDAQ:APPS) Q2 2024 Earnings Conference Call November 8, 2023 4:30 PM ET

Company Participants

Brian Bartholomew - SVP, Capital Markets

Bill Stone - CEO

Barrett Garrison - CFO

Conference Call Participants

Darren Aftahi - ROTH MKM

Anthony Stoss - Craig-Hallum

Tim Horan - Oppenheimer

Operator

Good afternoon and welcome to the Digital Turbine Reports Fiscal 2024 Second Quarter Results Conference Call. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the conference over to Brian Bartholomew, Senior Vice President of Capital Markets. Please go ahead.

Brian Bartholomew

Thank you. Good afternoon and welcome to the Digital Turbine fiscal year 2024 second quarter earnings conference call. Joining me today on the call to discuss our results are CEO, Bill Stone; and CFO Barrett Garrison.

Before we get started, I would like to take this opportunity to remind you that our remarks today will include forward-looking statements. These forward-looking statements are based on our current assumptions, expectations, and beliefs including projected operating metrics, future products and services, anticipated market demand and other forward-looking topics. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. Except as required by law, we undertake no obligation to update any forward-looking statements.

For discussion of the risk factors that could cause our actual results to differ materially from those contemplated by our forward-looking statements, please refer to the documents we filed with the Securities and Exchange Commission.

Also during this call, we will discuss certain non-GAAP measures of our performance. Non-GAAP measures are not substitutes for GAAP measures, please refer to today's press release for important information about the limitations of using non-GAAP measures, as well as reconciliations of these non-GAAP financial results to the most comparable GAAP measures.

Now I will turn the call over to our CEO, Mr. Bill Stone.

Bill Stone

Thanks, Brian. And thank you all for joining our call tonight.

For the September quarter, we finished in line with our guidance range and I was pleased with the cash flow generation in the quarter with sequentially higher EBITDA and free cash flow and we still have much work to do to reach both our internal expectations and the potential of our broader total addressable market or TAM.

I continue to be encouraged with our effort and execution uncontrollables and believe they will pay dividends in the future as we work through some of the uncontrollables with soft U.S. device sales and also being able to expand the reach of popular Chinese applications on our U.S. supply.