earnings
confidence high
sentiment positive
materiality 0.75
Digi International Q2 FY2022 revenue $95M, +23% YoY; adjusted EPS $0.41, +52%
DIGI INTERNATIONAL INC
2022-Q2 EPS reported
$0.11
revenue$178,970,000
- Revenue $95M (record), up 23% YoY; gross margin 54.9% vs 52.3%; adjusted EBITDA $19.5M, +67%.
- GAAP net income $0.08 diluted EPS vs $0.09 prior year; adjusted EPS $0.41, up 52%.
- Annualized Recurring Revenue (ARR) $90M, up 165% YoY, boosted by Ventus acquisition in fiscal Q1.
- Gross margin excluding amortization 56.3% vs 53.8% a year ago.
- Ventus acquisition contributed to revenue and ARR growth; no guidance update provided.