Loading...
•
Jun 30, 2021
Digi Q3 2021 Earnings Report
Reported record quarterly revenue and record annual recurring revenues.
Key Takeaways
Digi International reported record quarterly revenues of $79.1 million and record annual recurring revenues of $36.0 million. Demand for Digi’s solutions was at an all-time high, with bookings surpassing the ability to fulfill all orders due to supply chain challenges.
Revenue increased to $79.1 million, a 12.4% increase.
Gross margin was 53.8% versus 53.1% of revenue.
Net income per diluted share increased to $0.09, a 50.0% increase.
Adjusted EPS increased to $0.25 per diluted share, an 8.7% increase.
Revenue by Segment
Forward Guidance
For the fourth fiscal quarter 2021, Digi projects revenue to be in a range of $75 million to $79 million, or approximately 3%-8% annual growth. Adjusted EBITDA is projected to be in a range of $10.9 million to $11.9 million. EPS to be in a range of $0.07 to $0.09 per diluted share, while adjusted EPS is projected to be in a range of $0.23 to $0.25 per diluted share.
Positive Outlook
- Revenue projected to be in a range of $75 million to $79 million, representing 3%-8% annual growth.
Challenges Ahead
- Supply chain challenges are expected to continue.
- High demand will be tempered by access to key components.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...