DIGITAL TURBINE, INC. (NASDAQ:APPS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
On December 17, 2018 Digital Turbine, Inc., through its subsidiary Digital Turbine USA, Inc. (“Company”) and Cricket Wireless, LLC (“Cricket”) an affiliate of AT&T Mobility LLC (“AT&T”) entered into an Amendment Agreement effective January 1, 2019 (“Amendment”) of a Supplement signed between Company and Cricket on November 2, 2015 (“Supplement”). The Supplement is coterminous with a License And Service Agreement between Company and AT&T, signed on November 2, 2015 and extended on October 17, 2018 for an additional period of two years (“Agreement”). The Supplement covers certain services performed by the Company for Cricket, relating to utilization of Company’s mobile delivery platform for installation of applications on devices.
to the Supplement, the Company is entitled to a revenue share based on device volume tiers, where Company’s revenue share percentage decreases as the number of activated devices increases. to the Amendment, the device volume tiers and revenue share percentages have been amended and the total device count has been reset to zero for the purpose of calculating each party’s applicable revenue share.
The foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment (excluding any portions thereof subject to a confidential treatment request). The Company intends to file a copy of the Amendment with the Company’s Quarterly Report on Form 10-Q for its third fiscal quarter.
About DIGITAL TURBINE, INC. (NASDAQ:APPS)
Digital Turbine, Inc. is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content. The Advertising segment consists of two businesses: Operator and OEM (O&O) and Advertiser and Publisher (A&P). The O&O business is an advertiser solution for carrier and OEM inventory consisting of services, such as Ignite, a mobile device management platform and Discover, an intelligent application discovery platform. Its A&P business is a mobile user acquisition network across the world consisting of services, such as syndicated network and real time bidding (RTB). The Content segment consists of services, including Marketplace, which is an application and content store, and Pay, which is a content management and mobile payment solution.
