The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Digital Turbine, Inc. (“Digital Turbine” or “the Company”) (NASDAQ: APPS) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Digital Turbine’s recent acquisitions including AdColony and Fyber are agents in certain product lines. Revenue for these product lines should be reported as not of license fees and revenue share instead of on the basis of gross sales. The Company failed to maintain appropriate internal controls over financial reporting. The Company overstated its net revenues through fiscal year 2022. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Digital Turbine, investors suffered damages.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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