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Digi International Inc. (DGII)
NASDAQ:DGII
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.48Last Year’s EPS
0.49Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 10.69%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted record ARR growth, significant debt reduction, and positive market trends, although it acknowledged challenges in one-time revenue decline and flat revenue guidance. The focus on increasing recurring revenue appears to be yielding positive long-term outcomes, despite short-term revenue challenges.Company Guidance
During the Fiscal Quarter 1 2025 earnings call for Digi International, the company outlined its strategic goals and financial achievements, emphasizing its focus on growing Annual Recurring Revenue (ARR) and adjusted EBITDA to $200 million each over a five-year period. In the first quarter, ARR reached a record $120 million, marking an 11% increase from the previous year and representing 28% of quarterly revenues. The company also highlighted its robust cash flow, generating $30 million from operations, and reducing total outstanding debt to below $100 million for the first time since Fiscal Q4 2021. Despite a $4.7 million decline in one-time revenue, ARR grew 17% year over year, underscoring the company's strategic shift towards recurring revenue streams. Gross margins have also seen significant improvement, attributed to favorable product mix, although expected to normalize in the subsequent quarter. The company remains confident in its ability to leverage its diverse manufacturing network to navigate geopolitical uncertainties and continues to see strong demand in sectors like data centers, medical devices, and utilities.Record ARR Growth
ARR reached a record $120 million, an increase of 11% over last year and $4 million higher than last quarter, now representing 28% of quarterly revenues.
Debt Reduction Achievement
Total outstanding debt fell below $100 million for the first time since fiscal Q4 2021, with $30 million generated in cash from operations.
Strong Free Cash Flow Expectation
Company expects strong free cash flow generation, with all debt expected to be retired by the end of calendar 2025.
High Gross Margin
Gross margins reached a new level, with expectations to maintain at 60% or better.
Positive Market Trends
Favorable demand seen in data centers, medical devices, and utilities, with potential uplift in the industrial economy.
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DGII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DGII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $30.41 | $35.68 | +17.33% |
| Nov 13, 2024 | $31.97 | $31.68 | -0.91% |
| Aug 07, 2024 | $23.20 | $27.58 | +18.88% |
| May 01, 2024 | $30.72 | $25.50 | -16.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Digi International Inc. (DGII) report earnings?
Digi International Inc. (DGII) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Digi International Inc. (DGII) earnings time?
Digi International Inc. (DGII) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DGII EPS forecast?
DGII EPS forecast for the fiscal quarter 2025 (Q2) is 0.48.
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