Apps earnings

2022-06-30 | NDAQ: APPLICATIONS | Press release

NEW YORK, June 30, 2022 /PRNewswire/ — Levi & Korsinsky, LLP advises investors of Digital Turbine, Inc. (“Digital Turbine” or the “Company”) (NASDAQ: APPS) a securities class action lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Digital Turbine investors who were harmed by an alleged securities fraud between August 9, 2021 and May 17, 2022. Follow the link below for more information and to be contacted by a member of our team:

APPLICATIONS investors can also contact Joseph E. Levi, Esq. by email at [email protected] or by phone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that the defendants misrepresented and/or concealed that: (1) the company’s recent acquisitions, AdColony and Fyber, act as agents in some of their respective product lines; (2) therefore, revenues from these product lines should be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company’s internal control over financial reporting with respect to revenue recognition was deficient; and (4) as a result of the foregoing, the Company’s net revenues were overestimated throughout fiscal 2022; and (5) as a result of the foregoing, defendants’ positive statements regarding the Company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.

AND AFTER? If you have suffered a loss in Digital Turbine during the relevant period, you have until August 5, 2022 ask the court to appoint you as the main plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.

AT NO CHARGE TO YOU: If you are a class member, you may be entitled to compensation without payment of disbursements or fees. There is no cost or obligation to participate.

WHY LEVI AND KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for aggrieved shareholders and built a track record winning high-stakes cases. Our firm has extensive expertise in representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 report as one of the top securities litigation firms in United States.


Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

55 Broadway, 10th Floor

New York, NY 10006

[email protected]

Tel: (212) 363-7500

Fax: (212) 363-7171

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SOURCE Levi & Korsinsky, LLP