Digi International reports record Q1 revenue of $84.3M, adjusted EPS up 13%

DIGI INTERNATIONAL INC

2022-Q1 EPS reported $0.03 revenue$84,257,000

Revenue $84.3M, up 15% YoY; GAAP net income $0.03/diluted share vs $(0.01) loss.
Adjusted EPS $0.36, up 13%; adjusted EBITDA $17.0M, up 31%.
Gross margin 56.8% (ex-amort 58.5%) vs 56.1% (57.6%) last year.
Annualized Recurring Revenue (ARR) exceeded $88M, up 170% YoY.
Acquisition of Ventus completed in November 2021 contributed to results.

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