GBA Presents: RADIO SAVANT-!
- Thread starter stonedinvestor
- Start date
HAS THIS EVER BEEN DONE BEFORE?!!!Good Morning Readers!
Hopefully Stoney took a tablet with him to SC... all his stocks will be falling AGAIN today. I warned him.
We need QQQ at $300 and SPY at $395 in 30 days (my 10% drop prediction last week... we're 2% of the way already!) before we can have the first October ever to see a HUGE rally.
CAN HE DO IT AGAIN?!
>>>STONEY!!!!
CHECK IT OUT:
It closed at $4.56 yesterday
An 11.5% overnight winner!!!!
WHERE'S THE LOVE STONEY?!!!
HOW DO I DO IT STONEY?!
APPS check in-
Healthy free cash flow from the quarter grew 120% to $31.5 million in the quarter, up versus prior year $14.3 million. We exited the quarter with $89.3 million in cash after paying down $60.5 million in debt using free cash flows from operations to further deleverage our debt position. Our debt balance ended the quarter at $47.1 million, drawn on our revolving credit facility.
And as our business continues to produce strong cash flow, we would expect to continue to pay down our revolver. We are confident in our balance sheet and our capital position, with a low-cost credit facility, strong free cash flows, combined with the strategic acquisitions integrated on the platform. We're excited and poised to execute on our growth plans for fiscal 2023 and beyond.
Now let me turn to our outlook. As we consider the ongoing macro environment, we currently expect revenue for Q2 to be between $170 million and $180 million; and adjusted EBITDA to be between $46 million and $50 million; and non-GAAP adjusted net income per diluted share to be between $0.32 and $0.34 based on approximately 104 million diluted shares outstanding, with an effective tax rate of 25% on our non-GAAP adjusted net income.
Anthony Stoss
Pretty solid execution, especially on EBITDA in a tough environment, so hats off on that. Bill, of the 10 SingleTap licenses that you expect to have live by the end of the December quarter, how many are you planning will be Tier 1? And what impact, as you ramp SingleTap licensee revenue, will that have on overall gross margins? Would take it up or take it down? Then add a couple of follow-ups after that for Barrett.
William Stone
Yes, sure. So the first point is on the gross margins. We absolutely expect it to be accretive since this is more of a licensing SaaS model for us and something we're excited about. In terms of kind of the breakout of the partners, it's definitely a mix of partners in there in terms of what I would call kind of Tier 1s and Tier 2s.
But if you think about our business today on our device business, we have Tier 1 partners like AT&T and Verizon and Samsung, and then we have a variety of Tier 2 partners as well. And I wouldn't sleep on the Tier 2s in terms of paying the bill and generating that EBITDA you're just talking about. So it's really going to, be for us a blend of both on SingleTap licensing as well.
Anthony Stoss
Okay. And then Barrett, not asking for a guide for the December quarter, but December is typically strong seasonally for you guys. And if you expect to ramp quite a bit of SingleTap licensing revenue in the December quarter, should we expect December to be up sequentially from September as you see things right now?
Barrett Garrison
Yes. I think it would be unusual to not have a December quarter above September, absent something odd. That would be our normal kind of plan for that seasonality. So yes.
<<<< >>>>>>>
There are two important growth drivers that, at a minimum, have been delayed. The first is the rollout of their Mobile Posse product with AT&T (T) and Verizon (VZ), both of whom are moving slower than previously forecasted. Given their sheer size and market power, Digital Turbine does not have a lot of leverage with these customers.
The second delay is in generating revenue from partners using the company’s SingleTap technology, which makes mobile advertising more effective by improving app download and open rates. Management has said publicly that companies like Twitter and SNAP are testing the technology, and also that they should start recognizing a small amount of licensing revenue in the third quarter, growing from there. //
APPS now has a PE of 12.
Healthy free cash flow from the quarter grew 120% to $31.5 million in the quarter, up versus prior year $14.3 million. We exited the quarter with $89.3 million in cash after paying down $60.5 million in debt using free cash flows from operations to further deleverage our debt position. Our debt balance ended the quarter at $47.1 million, drawn on our revolving credit facility.
And as our business continues to produce strong cash flow, we would expect to continue to pay down our revolver. We are confident in our balance sheet and our capital position, with a low-cost credit facility, strong free cash flows, combined with the strategic acquisitions integrated on the platform. We're excited and poised to execute on our growth plans for fiscal 2023 and beyond.
Now let me turn to our outlook. As we consider the ongoing macro environment, we currently expect revenue for Q2 to be between $170 million and $180 million; and adjusted EBITDA to be between $46 million and $50 million; and non-GAAP adjusted net income per diluted share to be between $0.32 and $0.34 based on approximately 104 million diluted shares outstanding, with an effective tax rate of 25% on our non-GAAP adjusted net income.
Anthony Stoss
Pretty solid execution, especially on EBITDA in a tough environment, so hats off on that. Bill, of the 10 SingleTap licenses that you expect to have live by the end of the December quarter, how many are you planning will be Tier 1? And what impact, as you ramp SingleTap licensee revenue, will that have on overall gross margins? Would take it up or take it down? Then add a couple of follow-ups after that for Barrett.
William Stone
Yes, sure. So the first point is on the gross margins. We absolutely expect it to be accretive since this is more of a licensing SaaS model for us and something we're excited about. In terms of kind of the breakout of the partners, it's definitely a mix of partners in there in terms of what I would call kind of Tier 1s and Tier 2s.
But if you think about our business today on our device business, we have Tier 1 partners like AT&T and Verizon and Samsung, and then we have a variety of Tier 2 partners as well. And I wouldn't sleep on the Tier 2s in terms of paying the bill and generating that EBITDA you're just talking about. So it's really going to, be for us a blend of both on SingleTap licensing as well.
Anthony Stoss
Okay. And then Barrett, not asking for a guide for the December quarter, but December is typically strong seasonally for you guys. And if you expect to ramp quite a bit of SingleTap licensing revenue in the December quarter, should we expect December to be up sequentially from September as you see things right now?
Barrett Garrison
Yes. I think it would be unusual to not have a December quarter above September, absent something odd. That would be our normal kind of plan for that seasonality. So yes.
<<<< >>>>>>>
There are two important growth drivers that, at a minimum, have been delayed. The first is the rollout of their Mobile Posse product with AT&T (T) and Verizon (VZ), both of whom are moving slower than previously forecasted. Given their sheer size and market power, Digital Turbine does not have a lot of leverage with these customers.
The second delay is in generating revenue from partners using the company’s SingleTap technology, which makes mobile advertising more effective by improving app download and open rates. Management has said publicly that companies like Twitter and SNAP are testing the technology, and also that they should start recognizing a small amount of licensing revenue in the third quarter, growing from there. //
APPS now has a PE of 12.
Shootings on Charleston’s King St. and in West Ashley injure 6, including minor
A mass shootout erupted on downtown Charleston’s King Street in the early morning hours of Sept. 4, leaving five adults injured.
All of the victims were being treated for non-life threatening injuries, said Charleston Police Sgt. Beth Wolfsen.
Officers responded just before 1 a.m. to the area of King and Morris streets for reports of gunshots. The intersection, flanked by dozens of bars, clubs, restaurants and shops, is part of downtown Charleston’s bustling nightlife scene.
Five people were struck by gunfire and a sixth person was injured after they fell amid the chaos, Wolfsen said.
Officers detained several people as they investigated the shooting. Two suspects were arrested and charged with firearm violations.
Tyvone Davis, 20, was booked around 6:45 a.m. into the Charleston County jail on one count of unlawfully carrying a weapon, records show. Davis is scheduled to appear at 2 p.m. for a bond hearing.
- 30 min ago
A mass shootout erupted on downtown Charleston’s King Street in the early morning hours of Sept. 4, leaving five adults injured.
All of the victims were being treated for non-life threatening injuries, said Charleston Police Sgt. Beth Wolfsen.
Officers responded just before 1 a.m. to the area of King and Morris streets for reports of gunshots. The intersection, flanked by dozens of bars, clubs, restaurants and shops, is part of downtown Charleston’s bustling nightlife scene.
Five people were struck by gunfire and a sixth person was injured after they fell amid the chaos, Wolfsen said.
Officers detained several people as they investigated the shooting. Two suspects were arrested and charged with firearm violations.
Tyvone Davis, 20, was booked around 6:45 a.m. into the Charleston County jail on one count of unlawfully carrying a weapon, records show. Davis is scheduled to appear at 2 p.m. for a bond hearing.
Attachments
King st is the main st of College of Charleston. King st I walked maybe a dozen times when I visited. This is where I was splashed by the trucks on purpose. And I thought that was nasty!
Obviously I am real shook up today. My son was at a beach house in Kikawa? Kiawa something like that. Thank god! This is the same exact stretch where just last week he and his buddies rescued the girl and got into a big incident with crazy ass locals..
Obviously I am real shook up today. My son was at a beach house in Kikawa? Kiawa something like that. Thank god! This is the same exact stretch where just last week he and his buddies rescued the girl and got into a big incident with crazy ass locals..
SENDING YOUR CHILD TO COLLEGE IN 2022 NOT EASY....
Another Van S&P 4,000 call!
it worked out so well for you last time. 
Van you asked me to be nice don't get me searching for your follies.
Ayyyyyyyy. When markets are this dicey it pays to turn down the foolish factor if you can.
Simply say Thank you stoney for that work last week you are the only cat who made anyone money TY TY TY TY.
Wonder if this could be a rival to tic toc
Kuaishou Technology initiated with a Buy at Goldman Sachs 09:05 KUASF Goldman Sachs analyst Lincoln Kong initiated coverage of Kuaishou Technology with a Buy rating and HK$112 price target. The analyst notes that Kuaishou is China's 2nd-largest short-form video player and one of the fastest-growing online platforms in today's China internet sector, with both time spent and revenue projected to grow at an 18%/19% 2021-2024 CAGR, as well as having a visible path towards breakeven and margin expansion. As one of the top 3 Apps by time spent share in China, Kuaishou has built a trust-based online community by establishing a close bond between KOLs and users, Kong adds. The analyst expects the company to unlock value of its expanding yet under-monetized 350M daily active users base, driven by its strategy of evolving from an entertainment-oriented content community to a multi-scenario online platform.
SHORT INTEREST DECLINERS
SEPT 8th Alert***
ICPT
SEPT 8th Alert***
ICPT
- Estimated short interest in Intercept Pharmaceuticals (ICPT) collapsed from a record high of around 50% seen last Wednesday to a one-year low of 26.1% this Thursday. Lagging exchange reported short interest on the stock remains elevated at 46.8% as of August 1. As announced on Monday, Intercept Pharmaceuticals is heading into one-on-one meetings with investors at Citi’s annual biopharma conference on September 8 and the squaring of shorts might be in preparation for the event. In the five-day period covered through Thursday, the stock was down 4.5%.