NASDAQ$DGII
Digi Intl Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Digi International's Q1 2020 results were reported with revenue flat compared to Q1 2019 and the acquisition of Opengear, Inc. completed.
Digi International reported flat revenue of $62.3 million compared to the fiscal first quarter of 2019. Net income decreased to $0.2 million, and adjusted EPS was $0.15, flat compared to the prior year. The acquisition of Opengear, Inc. contributed to revenue growth in the IoT Product & Services segment.
- Revenue of $62.3 million was flat compared to the fiscal first quarter of 2019.
- Net income decreased to $0.2 million compared to $4.7 million for the fiscal first quarter of 2019.
- Adjusted EPS of $0.15 was flat compared to the fiscal first quarter of 2019.
- Adjusted EBITDA increased 3.9% to $6.4 million compared to the fiscal first quarter of 2019.
Headline financials
Revenue & EPS history
Digi · Revenue · Quarterly
$62.3M
Revenue by segment
Digi · $62.3M total across 2 segments · Q1 2020
- IoT Product & Services$54.6M+2.6%87.6%
- IoT Solutions$7.7M-14.4%12.4%
Forward guidance
For the second fiscal quarter of 2020, Digi projects revenue to be in a range of $72 million to $78 million. Adjusted EBITDA is projected to be in a range of $11 million to $13 million. Diluted EPS is projected to be in a range of $0.07 to $0.11 per diluted share. Adjusted EPS is projected to be in a range of $0.29 to $0.33 per diluted share.
Tailwinds
- Revenue is projected to be in a range of $72 million to $78 million.
- Adjusted EBITDA is projected to be in a range of $11 million to $13 million.
- Diluted EPS is projected to be in a range of $0.07 to $0.11 per diluted share.
- Adjusted EPS is projected to be in a range of $0.29 to $0.33 per diluted share.
- Full fiscal year 2020 revenue, Adjusted EBITDA and Adjusted EPS ranges are not being updated.
Headwinds
- Diluted EPS range is being adjusted to reflect the anticipated impacts of interest expense on debt.
- Diluted EPS range is being adjusted to reflect amortization associated with the intangible assets created from the Opengear acquisition.
- The IoT Solutions segment's fiscal first quarter 2020 revenues decreased 14.6% from the same period in the prior fiscal year
- Net income decreased to $0.2 million compared to net income of $4.7 million for the fiscal first quarter of 2019.
- Net income per diluted share decreased to $0.01 per share compared to $0.17 for the fiscal first quarter of 2019.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+1.6%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+4.0%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+18.2%
Q1 2019
Best reaction
-23.3%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +5.4% | +4.5% | +12.0% | |
| Q1 2026 | -3.9% | -1.1% | +4.9% | |
| Q4 2025 | +6.8% | +7.1% | +26.5% | |
| Q2 2025 | +14.0% | +21.4% | +21.8% | |
| Q1 2025 | +17.3% | +15.5% | -4.9% | |
| Q4 2024 | -2.9% | -5.0% | +1.7% | |
| Q3 2024 | +17.9% | +16.9% | +16.0% | |
| Q2 2024 | -16.8% | -11.9% | -20.5% | |
| Q1 2024 | +10.0% | +13.3% | +18.6% | |
| Q4 2023 | -7.1% | -1.0% | +1.2% | |
| Q3 2023 | -23.3% | -22.4% | -20.6% | |
| Q2 2023 | +8.8% | +9.0% | +26.3% | |
| Q1 2023 | +0.8% | +2.7% | -2.5% | |
| Q4 2022 | +9.5% | +13.6% | +8.2% | |
| Q3 2022 | +13.4% | +9.1% | +7.8% | |
| Q2 2022 | +4.2% | +3.1% | +34.1% | |
| Q1 2022 | -6.7% | -9.5% | -9.8% | |
| Q4 2021 | +10.2% | +6.6% | +7.7% | |
| Q3 2021 | -2.3% | -0.1% | +5.7% | |
| Q2 2021 | -2.0% | -2.0% | +5.5% | |
| Q1 2021 | +17.3% | +28.3% | -9.3% | |
| Q4 2020 | -5.4% | -0.7% | +6.4% | |
| Q3 2020 | +12.3% | +8.6% | +6.7% | |
| Q2 2020 | +14.5% | +5.9% | +10.7% | |
| Q1 2020 | -3.7% | -15.2% | -19.3% | |
| Q4 2019 | +17.5% | +23.2% | +15.1% | |
| Q3 2019 | +4.8% | +10.2% | +4.4% | |
| Q2 2019 | -1.3% | -3.4% | -15.7% | |
| Q1 2019 | +18.2% | +17.7% | +14.0% | |
| Q4 2018 | +13.5% | +6.1% | +0.4% | |
| Q3 2018 | +0.7% | +0.4% | -1.9% | |
| Q2 2018 | -1.3% | +1.3% | +4.8% | |
| Q1 2018 | +1.0% | +0.5% | +2.4% | |
| Q4 2017 | +1.4% | +0.5% | +0.5% | |
| Q3 2017 | -1.0% | +2.5% | -7.2% | |
| Q2 2017 | -13.0% | -18.9% | -19.5% | |
| Q1 2017 | -1.1% | -4.0% | -5.1% | |
| Q4 2016 | -10.6% | -10.1% | +24.9% | |
| Q3 2016 | -1.7% | -3.0% | +3.7% | |
| Q2 2016 | +13.5% | — | — | |
| Q1 2016 | -15.6% | — | — | |
| Q4 2015 | +8.7% | — | — | |
| Q3 2015 | +3.0% | — | — | |
| Q2 2015 | +6.4% | — | — | |
| Q1 2015 | +8.3% | — | — | |
| Q4 2014 | +4.2% | — | — | |
| Q3 2014 | -6.2% | — | — | |
| Q2 2014 | -11.3% | — | — | |
| Q1 2014 | -16.7% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | +4.3% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | +1.8% | — | — | |
| Q2 2012 | -16.0% | — | — | |
| Q1 2011 | +3.6% | — | — | |
| Q1 2012 | -3.8% | — | — | |
| Q2 2011 | +4.4% | — | — | |
| Q4 2009 | +4.4% | — | — | |
| Q4 2011 | +4.4% | — | — | |
| Q4 2010 | -2.2% | — | — | |
| Q3 2011 | -2.2% | — | — | |
| Q3 2010 | -2.2% | — | — | |
| Q2 2010 | +1.3% | — | — |
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