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Stock impact report

Digi International Reports Third Fiscal Quarter 2022 results

Digi International Inc. (DGII) 
Last digi international inc. earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/4i-m.url
Company Research Source: Business Wire
Record Quarterly Revenues of $104MRecord End of Quarter ARR of $92M MINNEAPOLIS--(BUSINESS WIRE)--Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its third fiscal quarter ended June 30, 2022.Third Fiscal Quarter 2022 Results Compared to Third Fiscal Quarter 2021 Results1Revenue was $104 million, an increase of 31%.Gross profit margin was 55.5% versus 53.8%. Gross profit margin excluding amortization was 56.7% compared to 55.2%.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%.Adjusted EBITDA increased to $21 million, an increase of 82%.Annualized Recurring Revenue, or ARR, was $92 million at quarter end, an increase of 157%.1 Third Fiscal Quarter 2022 results include the results of Ventus, which was acquired during our first fiscal Show less Read more
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