Digital Turbine Inc (NASDAQ:APPS) Investor Investigation Over Oossible Securities Laws Violations Announced

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Company Name(s): 
Digital Turbine
Affected Securities: 

September 23, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Digital Turbine Inc (NASDAQ:APPS) shares over potential securities laws violations by Digital Turbine and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Digital Turbine Inc (NASDAQ:APPS) concerning whether a series of statements regarding Digital Turbine Inc’s business, its prospects and its operations were materially false and misleading at the time they were made.

Digital Turbine Inc (NASDAQ:APPS) reported that its Total Revenue rose from $3.85 million for the 12 months period that ended on March 31, 2013 to $86.54 million for the 12 months period that ended on March 31, 2016. However, over the same time period Digital Turbine’s Net Loss increased from $14.16 million to $28.03 million.

Shares of Digital Turbine Inc (NASDAQ:APPS) declined from $5.89 per share in September 2014 to as low as $0.75 per share in May 2016.