Digi International (DGII) FY2017 results: revenue $182 million, down 10.5% on the year
Digi International Inc. (DGII) reported revenue of $182 million for fiscal 2017, the year ended 30 September 2017, down 10.5% on the year before. Net income was $9 million, down 43.7%, and diluted earnings per share $0.35. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2017.
Revenue
$182 million
-10.5% on the year
FY2010FY2017
Operating margin
4.9%
8.4% a year earlier
FY2010FY2017
Net income
$9 million
-43.7% on the year
FY2010FY2017
Diluted EPS
$0.35
-45.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
182
203
204
-10.5%
Cost of revenue
94.1
103
107
-8.9%
Gross profit
87.2
99.7
97.1
-12.5%
Gross margin
48.0%
49.1%
47.6%
Research and development
28.6
31.0
29.9
-7.7%
Operating income
8.9
17.1
10.9
-48.2%
Operating margin
4.9%
8.4%
5.3%
Interest expense
0.0
0.3
0.0
-83.5%
Pre-tax income
9.6
16.7
13.1
-42.8%
Income tax
0.1
3.2
3.7
-95.4%
Effective tax rate
1.5%
19.2%
28.1%
Net income
9.4
16.7
6.6
-43.7%
Net margin
5.2%
8.2%
3.2%
Diluted EPS
$0.35
$0.64
$0.26
-45.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2.5
27.1
14.1
-90.9%
Capital expenditure
1.8
2.7
4.5
-35.0%
Free cash flow
0.7
24.4
9.6
-97.1%
Free cash flow margin
0.4%
12.0%
4.7%
Cash from investing
-3.7
-3.8
-19.5
Cash from financing
3.1
7.7
5.1
-60.5%
Depreciation and amortisation
5.6
4.6
5.3
+21.4%
Share-based compensation
4.7
3.7
4.3
+27.5%
Buybacks
0.9
0.6
2.3
+70.5%
Diluted shares, weighted
27m
26m
25m
+3.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
319
300
275
+6.4%
Debt
0.0
0.0
0.0
Other liabilities
26.0
36.1
25.4
-27.9%
Total liabilities and equity
345
336
300
+2.7%
Fixed assets
13.2
14.0
14.4
-5.7%
Goodwill
132
109
100
+20.6%
Intangible assets
11.8
4.0
2.6
+192.0%
Investments
36.8
61.9
60.8
-40.6%
Cash and equivalents
78.2
75.7
45.0
+3.3%
Receivables
28.9
28.7
27.8
+0.6%
Inventory
30.2
26.3
31.9
+15.1%
Other assets
14.1
16.0
17.7
-12.2%
Total assets
345
336
300
+2.7%
10-K for the year ended 30 September 2017, filed 22 November 2017: the filing.