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Jun 30, 2022
Digi Q3 2022 Earnings Report
Digi reported record quarterly revenues and end of quarter ARR.
Key Takeaways
Digi International reported strong Q3 2022 results, with record quarterly revenues of $104 million, a 31% increase year-over-year, and a record end-of-quarter ARR of $92 million, a 157% increase year-over-year. Adjusted EPS increased to $0.45 per diluted share, an increase of 80%.
Revenue was $104 million, an increase of 31%.
Gross profit margin was 55.5% versus 53.8%.
Net income per diluted share increased to $0.12 from $0.09, an increase of 33%.
Adjusted EPS increased to $0.45 per diluted share, an increase of 80%.
Digi
Digi
Digi Revenue by Segment
Revenue by Segment
IoT Solutions Revenue
CapyFin.com Forward Guidance
For the fourth fiscal quarter of 2022, revenues are estimated to be $98 million to $102 million, representing a 24% to 29% growth year-over-year. Adjusted EBITDA is estimated to be $19.5 million to $21.0 million. Adjusted EPS is expected to be $0.41 to $0.44 per diluted share, using a fully diluted share count of 36.4 million shares.