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Digi International achieved a 9% revenue increase and 31% annual recurring revenue growth, driven by the Jolt acquisition and integration with SmartSense, company said.
- On Wednesday, Digi International Inc. in Hopkins, Minnesota reported fiscal fourth-quarter net income of $10 million and revenue of $114.3 million, topping Wall Street expectations.
- Management said the recent Jolt deal contributed over $20 million ARR with about a half-quarter included, while inventory reductions generated $105 million in free cash flow for an 8% yield.
- Digi International expects fiscal first-quarter revenue of $114 million to $118 million with per-share earnings of 53 cents to 57 cents, while management forecasts double-digit growth for ARR, revenue and adjusted EBITDA in fiscal 2026 as ARR now represents approximately 35% of total revenue.
- Market reaction followed the earnings beat, with Digi shares up 7.71%, as the company repaid all Ventas-related debt and reported $118 million in adjusted EBITDA.
- Executives reaffirmed multi-year targets of $200 million ARR and $200 million adjusted EBITDA by fiscal 2028 and said acquisitions remain a top capital priority, while flagging integration risks and exploring tiny language models and AI at the edge.
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Digi International: Fiscal Q4 Earnings Snapshot
HOPKINS, Minn. (AP) — HOPKINS, Minn. (AP) — Digi International Inc. (DGII) on Wednesday reported fiscal fourth-quarter net income of $10 million. On a per-share basis, the Hopkins, Minnesota-based company said it had profit of 26 cents. Earnings, adjusted for one-time gains and costs, were 56 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earni…
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Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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