NASDAQ$DGII

Digi Intl Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Digi's Q2 2020 results showed revenue growth and a strengthened balance sheet.

Digi International reported a revenue increase to $73.4 million, compared to $65.8 million in Q2 2019. Net income also increased to $2.0 million, up from $1.3 million in the same quarter of the previous year. Adjusted EPS increased to $0.28, compared to $0.17 for the second fiscal quarter of 2019. The company withdrew its full year guidance due to COVID-19 impact.

  • Revenue increased to $73.4 million compared to $65.8 million for the second fiscal quarter of 2019.
  • Net income increased to $2.0 million compared to $1.3 million for the second fiscal quarter of 2019.
  • Adjusted EPS increased to $0.28 compared to $0.17 for the second fiscal quarter of 2019.
  • Adjusted EBITDA increased to $11.2 million compared to $6.5 million for the second fiscal quarter of 2019.

Headline financials

Total Revenue

$73.4M

Previous: $65.8M+11.7%
EPS (adj)

$0.28

Previous: $0.04+600.0%
Adjusted EBITDA

$11.2M

Previous: $6.55M+70.7%
Free Cash Flow

$2M

Previous: $1.34M+49.3%
Net Income

$2M

Previous: $1.34M+49.3%
Operating Income

$3.72M

Previous: $785K+374.4%
Gross Profit

$38.6M

Previous: $30.3M+27.4%
Cash & Equivalents

$58.1M

Previous: $69.6M-16.5%
Total Assets

$555M

Previous: $384M+44.6%
Stock-Based Comp

$1.84M

Previous: $1.29M+42.4%

Revenue & EPS history

Digi · Revenue · Quarterly

$73.4M

Q2 2020+11.7%vs Q2 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Digi · $6.5M total across 1 segment · Q2 2020

  • IoT Solutions
    $6.5M-33.0%

Forward guidance

Digi International withdrew its fiscal year 2020 guidance due to the global impact of COVID-19 on business activities.

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 Q2 2020

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro