earnings
confidence high
sentiment positive
materiality 0.80
Digi Int'l Q3 FY2022: record rev $104M (+31% YoY), ARR $92M, adj EPS $0.45 (up 80%)
DIGI INTERNATIONAL INC
2022-Q3 EPS reported
$0.23
revenue$282,487,000
- Revenue $104M (+31% YoY); record quarterly revenue; ARR $92M (+157% YoY).
- GAAP EPS $0.12 (+33% YoY); adjusted EPS $0.45 (+80% YoY); adjusted EBITDA $21M (+82% YoY).
- IoT Products & Services rev $80M (+19%); IoT Solutions rev $24M (+94%, driven by Ventus).
- Paid down $20M debt; gross debt $268.7M; net debt $227.2M; operating cash flow $19.5M.
- Q4 guidance: rev $98-102M (24-29% growth); adj EPS $0.41-$0.44; adj EBITDA $19.5-21.0M.