2018-07-27

Digi International Reports Third Fiscal Quarter 2018 Results

Source: BusinessWire

Digi International® Inc. (NASDAQ: DGII), a leading global provider of mission critical Internet of Things ("IoT") products, services, and solutions, reported revenue of $62.7 million for the third fiscal quarter of 2018 compared to $45.7 million in the third fiscal quarter of 2017 and to our guidance range of $56.0 million to $60.0 million.

Net income for the third fiscal quarter of 2018 was $2.6 million, or $0.09 per diluted share, compared to $1.3 million, or $0.05 per diluted share in the third fiscal quarter of 2017 and to our guidance range of $0.02 to $0.06 per diluted share. Our adjusted net income for the third fiscal quarter of 2018 was $2.8 million, or $0.10 per diluted share, compared to $2.3 million, or $0.08 per diluted share for the third fiscal quarter of 2017.