Digi International (DGII) FY2019 results: revenue $254 million, up 12.0% on the year
Digi International Inc. (DGII) reported revenue of $254 million for fiscal 2019, the year ended 30 September 2019, up 12.0% on the year before. Net income was $10 million, up 510.5%, and diluted earnings per share $0.35. The figures are the company's own, from the 10-K it filed with the SEC on 27 November 2019.
Revenue
$254 million
+12.0% on the year
FY2012FY2019
Operating margin
4.0%
1.2% a year earlier
FY2012FY2019
Net income
$10 million
+510.5% on the year
FY2012FY2019
Diluted EPS
$0.35
+600.0% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
254
227
182
+12.0%
Cost of revenue
135
118
94.1
+14.7%
Gross profit
119
109
87.2
+9.3%
Gross margin
46.8%
48.0%
48.0%
Research and development
37.6
33.2
28.6
+13.2%
Operating income
10.1
2.8
8.9
+262.0%
Operating margin
4.0%
1.2%
4.9%
Interest expense
0.1
0.0
0.0
+308.0%
Pre-tax income
11.1
3.2
9.6
+242.9%
Income tax
1.2
1.6
0.1
-26.7%
Effective tax rate
10.7%
49.8%
1.5%
Net income
10.0
1.6
9.4
+510.5%
Net margin
3.9%
0.7%
5.2%
Diluted EPS
$0.35
$0.05
$0.35
+600.0%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
29.0
-2.8
2.5
Capital expenditure
9.3
1.8
1.8
+406.8%
Free cash flow
19.6
-4.6
0.7
Free cash flow margin
7.7%
-2.0%
0.4%
Cash from investing
5.5
-23.3
-3.7
Cash from financing
1.1
5.8
3.1
-80.9%
Depreciation and amortisation
13.4
12.8
5.6
+4.8%
Share-based compensation
5.7
4.9
4.7
+16.5%
Buybacks
1.1
0.7
0.9
+43.2%
Diluted shares, weighted
29m
28m
27m
+3.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
349
330
319
+5.7%
Debt
0.0
0.0
0.0
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
49.7
41.9
26.0
+18.8%
Total liabilities and equity
399
372
345
+7.1%
Fixed assets
13.9
8.4
13.2
+65.9%
Goodwill
153
155
132
-0.7%
Intangible assets
30.7
39.3
11.8
-22.0%
Investments
0.0
4.7
36.8
Cash and equivalents
92.8
58.0
78.2
+59.9%
Receivables
56.4
49.8
28.9
+13.2%
Inventory
39.8
41.6
30.2
-4.5%
Other assets
11.8
15.7
14.1
-25.1%
Total assets
399
372
345
+7.1%
10-K for the year ended 30 September 2019, filed 27 November 2019: the filing.