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Digi International Inc. (DGII)
NASDAQ:DGII
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.48Last Year’s EPS
$0.48Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -3.85%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in ARR growth and financial health improvements, including record gross margins and reduced debt. However, these were balanced by challenges such as flat revenue expectations, macroeconomic uncertainties, and the decline of legacy product lines.Company Guidance
During the Digi International Q4 2024 earnings call, guidance for fiscal 2025 highlighted several key metrics and strategic directions. Annual Recurring Revenue (ARR) reached a record $116 million in fiscal 2024, growing by 9% year-over-year and now comprising over 27% of total revenue. The company expects continued double-digit ARR growth, driven by both their Products & Services and Solutions segments, despite anticipating flat overall revenue due to a shift from one-time sales to multi-year solutions agreements. This strategic focus is projected to sustain gross margins above 60%, a company record reached in fiscal 2024. Operationally, Digi aims to maintain flat operating expenses while restructuring its debt facility, targeting a net debt-free status by the end of calendar year 2025. Additionally, the company remains open to acquisitions that align with its ARR and growth objectives, while macroeconomic factors such as supply chain normalization, potential tariff changes, and the industrial economy's health are being closely monitored.Record Annual Recurring Revenue (ARR)
ARR grew 9% year-over-year to reach a record $116 million, representing more than 27% of total revenue.
Strong Gross Margins
Achieved 60% gross margins for the first time in the company's history, driven by the solution strategy.
Debt Reduction and Financial Health
Restructured debt facility, reduced interest payments, and achieved a net debt to adjusted EBITDA level of less than 1.
Continued Focus on ARR Growth
Expectations for continued double-digit ARR growth in fiscal 2025, with contributions from both business segments.
Diversification of Supply Chain
Diversified supply chain to buffer potential changes due to nationalism and tariffs, reducing dependency on China.
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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 |
|---|---|---|---|
| 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% |
| Jan 31, 2024 | $24.31 | $27.68 | +13.86% |
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 Jan 30, 2025, TBA Not Confirmed.
What is Digi International Inc. (DGII) earnings time?
Digi International Inc. (DGII) earnings time is at Jan 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 (Q1) is $0.48.
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