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Jun 30, 2020
Digi Q3 2020 Earnings Report
Digi's business model demonstrated resiliency amidst unprecedented global economic contraction, with revenue exceeding $70M and adjusted EPS growing 44%.
Key Takeaways
Digi International reported record fiscal third quarter results, with revenue increasing to $70.3 million and adjusted EPS growing 44% to $0.23. The company's business model demonstrated its resiliency during a period of global economic contraction, driven by the relevance of its secure, automated, remote work solutions.
Revenue increased to $70.3 million, a 15.0% increase compared to the third fiscal quarter of 2019.
Net income increased to $1.8 million, a 7.2% increase compared to the third fiscal quarter of 2019.
Adjusted EPS increased to $0.23 per diluted share, a 43.8% increase compared to the third fiscal quarter of 2019.
Adjusted EBITDA increased to $10.5 million, a 71.5% increase compared to the third fiscal quarter of 2019.
Revenue by Segment
Forward Guidance
Digi International previously withdrew the provision of financial guidance for fiscal year 2020 due to the global impact of COVID-19 on business activities. The company is unable to reasonably estimate when markets will recover, the duration of such a recovery and the related financial impact on our business at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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