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Sep 30, 2021
Digi Q4 2021 Earnings Report
Reported financial results for the fourth fiscal quarter ended September 30, 2021.
Key Takeaways
Digi International reported revenue growth of over 10% despite supply chain challenges, with Annualized Recurring Revenues growth of 30%. The acquisition of Ventus is expected to accelerate the company's transformation to software, services, and subscription offerings.
Revenues grew over 10% despite unprecedented supply chain challenges.
Annualized Recurring Revenues growth of 30% shows dedication to adding more value to customers’ digital transformations.
Digi now provides subscription based services to over 250,000 sites.
Ventus acquisition will accelerate transformation to software, services, and subscription offerings.
Digi
Digi
Digi Revenue by Segment
Revenue by Segment
IoT Product & Services Revenue
CapyFin.comIoT Solutions Revenue
CapyFin.com Forward Guidance
Digi anticipates revenues of $81 million to $85 million for the first fiscal quarter of 2022, representing 11% to 16% growth year over year. Adjusted EBITDA is estimated to be $14.0 million to $15.5 million, and adjusted EPS is anticipated to be $0.30 to $0.34 per diluted share.
Positive Outlook
- Revenues are estimated to be $81 million to $85 million, or 11% to 16% growth year over year.
- Adjusted EBITDA is estimated to be $14.0 million to $15.5 million.
- Adjusted EPS is anticipated to be $0.30 to $0.34 per diluted share.
- Revenues will grow between 16% and 23% for fiscal year 2022.
- Adjusted EBITDA to grow at a faster rate of between 35% to 55% for fiscal year 2022.
Challenges Ahead
- Ongoing supply and freight constraints have made short term predictability challenging.
- Supply chain issues are impacting ability to meet customer demand in the near term.
- Supply chain issues are expected to impact results in at least the first two quarters of fiscal 2022.
- Supply chain challenges will ease in the second half of fiscal 2022.
- Supply chain issues are not indicative of customer demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income