NASDAQ: APPS

Digital Turbine, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Digital Turbine, Inc. (NASDAQ: APPS) between August 9, 2021 and May 17, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than August 5, 2022.

If you purchased Digital Turbine securities and would like to join the prospective action, please click “Join This Class Action.”

Class Period:August 9, 2021 to May 17, 2022

Deadline:

32 Days
If you purchased Digital Turbine securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

The complaint filed in this class action 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, Defendants failed to disclose to investors that:

  • the Company’s recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines;
  • as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis;
  • the Company’s internal control over financial reporting as to revenue recognition was deficient;
  • as a result of the foregoing, the Company’s net revenues was overstated throughout fiscal 2022; and
  • 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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Company Name: Digital Turbine, Inc.
Stock Symbol: APPS
Class Period: August 9, 2021 to May 17, 2022
Court: United States District Court for the Western District of Texas

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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