Digital Turbine, Inc. (NASDAQ:APPS) Q4 2023 Earnings Conference Call May 24, 2023 4:30 PM ET

Corporate Participants

Brian Bartholomew - Senior Vice President, Capital Markets and Strategy

Bill Stone - Chief Executive Officer

Barrett Garrison - Chief Financial Officer

Conference Call Participants

Darren Aftahi - ROTH MKM

Omar Dessouky - Bank of America

Anthony Stoss - Craig-Hallum

Dan Day - B. Riley

Operator

Good afternoon, and welcome to the Digital Turbine Fourth Quarter and Fiscal Year 2023 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded.

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

Brian Bartholomew

Thank you, Gary. Good afternoon, and welcome to the Digital Turbine fourth quarter and fiscal year 2023 earnings conference call. Joining me on the call today to discuss our results are CEO, Bill Stone, and CFO, Barrett Garrison.

Before we get started, I'd 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 a 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'll turn the call over to our CEO, Mr. Bill Stone.

Bill Stone

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

I wanted to start my commentary closing out our fiscal '23 results, provide some real-time operational commentary on the state of our business today and conclude with some thoughts about our future and specifically, the role of AI and machine learning in our current and future business.

First, turning to our fiscal '23 results. We closed the year with $666 million of revenue, $163 million of EBITDA and $1.15 of non-GAAP EPS. In addition, we reported gross margins of 49% and EBITDA margins of 25%.