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Digital Turbine fiscal Q3 loss widens 7.1% YOY

Digital Turbine Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was a loss of 5 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 6 cents per share.

The per-share loss decreased 38.6% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.6 million, compared with a loss of $3.4 million in the year-earlier period.

The normalized profit margin increased to negative 14.9% from negative 47.9% in the year-earlier period.

Total revenue rose year over year to $24.1 million from $7.0 million, and total operating expenses climbed on an annual basis to $29.4 million from $12.4 million.

Reported net income came to a loss of $5.8 million, or a loss of 9 cents per share, compared to a loss of $5.5 million, or a loss of 15 cents per share, in the prior-year period.