Digi International Q2: record revenue $111M, adj. EPS $0.50, ARR $99M, raises FY guidance to at least 12% growth

DIGI INTERNATIONAL INC

2023-Q1 EPS reported $0.32 revenue$220,450,000

Revenue $111M (+17% YoY); GAAP EPS $0.16; adjusted EPS $0.50 (+22%).
ARR ended quarter at $99M (+10% YoY); adjusted EBITDA $24M (+22%).
IoT Products & Services revenue $86M, IoT Solutions revenue ~$25M; both segments set records.
Q3 guidance: revenue $107-111M, adjusted EPS $0.47-0.49.
FY23 revenue growth expectation raised to at least 12% from prior guidance.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DIGI INTERNATIONAL INC reported second fiscal quarter ended March 31, 2023 results: revenue $111 million, net income $0.16 per diluted share, EPS $0.50 per diluted share.

Period: second fiscal quarter ended March 31, 2023
Revenue: $111 million
Net income: $0.16 per diluted share
EPS: $0.50 per diluted share
Result: reported results

Exact text from the filing

its financial results for its second fiscal quarter ended March 31, 2023. Second Fiscal Quarter 2023 Results Compared to Second Fiscal Quarter 2022 Results • Revenue was $111 million, an increase of 17%. • Gross profit margin was 56.6% versus 54.9%. Gross profit margin excluding amortization was 57.4% compared to 56.3%. • Net income per diluted share was

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Source: SEC EDGAR

accession 0000854775-23-000006

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