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Mar 31, 2020
Digi Q2 2020 Earnings Report
Digi's Q2 2020 results showed revenue growth and a strengthened balance sheet.
Key Takeaways
Digi International reported a revenue increase to $73.4 million, compared to $65.8 million in Q2 2019. Net income also increased to $2.0 million, up from $1.3 million in the same quarter of the previous year. Adjusted EPS increased to $0.28, compared to $0.17 for the second fiscal quarter of 2019. The company withdrew its full year guidance due to COVID-19 impact.
Revenue increased to $73.4 million compared to $65.8 million for the second fiscal quarter of 2019.
Net income increased to $2.0 million compared to $1.3 million for the second fiscal quarter of 2019.
Adjusted EPS increased to $0.28 compared to $0.17 for the second fiscal quarter of 2019.
Adjusted EBITDA increased to $11.2 million compared to $6.5 million for the second fiscal quarter of 2019.
Digi
Digi
Digi Revenue by Segment
Revenue by Segment
IoT Solutions Revenue
CapyFin.com Forward Guidance
Digi International withdrew its fiscal year 2020 guidance due to the global impact of COVID-19 on business activities.