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Dec 31, 2020
Digi Q1 2021 Earnings Report
Reported record fiscal first quarter revenue and increased IoT subscribers.
Key Takeaways
Digi International reported a strong start to fiscal year 2021, with record first quarter revenue of $73.1 million and significant growth in adjusted EPS and EBITDA. The company added over 5,000 subscribers to its IoT Solutions and paid down $15 million in debt, resulting in a net cash positive position.
Revenue increased to $73.1 million, a 17.4% increase compared to the first quarter of fiscal 2020.
Adjusted EPS increased to $0.32 per diluted share, a 113.3% increase compared to the first quarter of fiscal 2020.
Adjusted EBITDA increased to $13.0 million, a 94.8% increase compared to the first quarter of fiscal 2020.
Over 5,000 subscribers were added to IoT Solutions.
Digi
Digi
Digi Revenue by Segment
Revenue by Segment
IoT Product & Services Revenue
CapyFin.comIoT Solutions Revenue
CapyFin.com Forward Guidance
No forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income