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Digital Turbine, Inc.

(NASDAQ CM: APPS)

Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Digital Turbine, Inc. ("Digital" or the "Company") on behalf of stockholders.  A class action complaint has been filed against Digital.  The complaint alleges that defendants made materially false and/or misleading, and failed to disclose material adverse facts about the Company's business, operations, and prospects.  Specifically, defendants failed to disclose to investors that: (i) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (ii) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (iii) the Company's internal control over financial reporting as to revenue recognition was deficient; (iv) as a result of the foregoing, the Company's net revenues was overstated throughout fiscal 2022; and (v) 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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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: 10/01/2022


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