APPS · Nasdaq
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
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As previously announced, Digital Turbine, Inc. (the “Company”) consummated two significant strategic acquisitions during the fiscal year ended March 31, 2022. In addition, the Company filed amended Form 10-Q/As for the quarterly and year-to-date periods ended June 30, 2021, September 30, 2021, and December 31, 2021, on May 27, 2022 (the “Form 10-Q/As”) related to the previously-disclosed restatement of financial statements during such periods. The inclusion of the acquisitions in the audit of the Company’s Annual Report on Form 10-K (the “Form 10-K”) for the fiscal year-ended March 31, 2022 and the filing of the Form 10-Q/As have utilized significant internal resources, which has impacted the Company’s ability to provide all the necessary information to their auditors for them to complete the audit. As a result, the Form 10-K cannot be filed within the required time period. The Company expects to file the Form 10- K within the fifteen-calendar day grace period, as provided by Rule 12b-25 of the Securities Exchange Act of 1934. As disclosed in the Company’s Form 10-Q/As filed with the SEC on May 27, 2022, the Company has identified a material weakness in its internal control over financial reporting related to the presentation of certain revenue net of license fees and revenue share expense and the classification of certain hosting costs. Although the Company’s management is still in the process of assessing the effectiveness of internal control over financial reporting as of March 31, 2022, the Company expects to report such material weakness in the Company’s internal control over financial reporting in the Form 10-K, and to therefore conclude that the Company did not maintain effective internal control over financial reporting and disclosure controls and procedures as of March 31, 2022
NT 10-K, filed 2022-05-31 · material weakness
As previously announced, Digital Turbine, Inc. (the “Company”) consummated two significant strategic acquisitions during the fiscal year ended March 31, 2022. In addition, the Company filed amended Form 10-Q/As for the quarterly and year-to-date periods ended June 30, 2021, September 30, 2021, and December 31, 2021, on May 27, 2022 (the “Form 10-Q/As”) related to the previously-disclosed restatement of financial statements during such periods. The inclusion of the acquisitions in the audit of the Company’s Annual Report on Form 10-K (the “Form 10-K”) for the fiscal year-ended March 31, 2022 and the filing of the Form 10-Q/As have utilized significant internal resources, which has impacted the Company’s ability to provide all the necessary information to their auditors for them to complete the audit. As a result, the Form 10-K cannot be filed within the required time period. The Company expects to file the Form 10- K within the fifteen-calendar day grace period, as provided by Rule 12b-25 of the Securities Exchange Act of 1934. As disclosed in the Company’s Form 10-Q/As filed with the SEC on May 27, 2022, the Company has identified a material weakness in its internal control over financial reporting related to the presentation of certain revenue net of license fees and revenue share expense and the classification of certain hosting costs. Although the Company’s management is still in the process of assessing the effectiveness of internal control over financial reporting as of March 31, 2022, the Company expects to report such material weakness in the Company’s internal control over financial reporting in the Form 10-K, and to therefore conclude that the Company did not maintain effective internal control over financial reporting and disclosure controls and procedures as of March 31, 2022
2022-05-17accounts declared unreliable SEC →
As previously announced in recent Form 8-K filings, Digital Turbine, Inc. (the “Company”) has consummated multiple significant strategic acquisitions in April and May of 2021. In addition, the Company engaged a new independent registered public accounting firm in March of 2021, just prior to its March 31, 2021 fiscal year-end, to align with the growing scale and global profile of the Company. The acquisitions have utilized significant internal resources, which has impacted the Company’s ability to (a) provide all the necessary information to their auditors for them to complete the audit and (b) prepare related disclosures to be included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021 (the “Form 10-K”). As a result, the Form 10-K cannot be filed within the required time period. The Company expects to file the Form 10-K within the fifteen-calendar day grace period, as provided by Rule 12b-25 of the Securities Exchange Act of 1934
2021-03-05auditor changed or resigned SEC →
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice