Digi International (DGII) FY2020 results: revenue $279 million, up 9.9% on the year
Digi International Inc. (DGII) reported revenue of $279 million for fiscal 2020, the year ended 30 September 2020, up 9.9% on the year before. Net income was $8 million, down 15.5%, and diluted earnings per share $0.28. The figures are the company's own, from the 10-K it filed with the SEC on 25 November 2020.
Revenue
$279 million
+9.9% on the year
FY2013FY2020
Operating margin
4.1%
4.0% a year earlier
FY2013FY2020
Net income
$8 million
-15.5% on the year
FY2013FY2020
Diluted EPS
$0.28
-20.0% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
279
254
227
+9.9%
Cost of revenue
135
135
118
+0.1%
Gross profit
144
119
109
+20.9%
Gross margin
51.6%
46.8%
48.0%
Research and development
43.8
37.6
33.2
+16.5%
Operating income
11.3
10.1
2.8
+12.4%
Operating margin
4.1%
4.0%
1.2%
Interest expense
3.6
0.1
0.0
+3,421.6%
Pre-tax income
7.5
11.1
3.2
-33.0%
Income tax
-0.9
1.2
1.6
Effective tax rate
-12.7%
10.7%
49.8%
Net income
8.4
10.0
1.6
-15.5%
Net margin
3.0%
3.9%
0.7%
Diluted EPS
$0.28
$0.35
$0.05
-20.0%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
34.5
29.0
-2.8
+19.0%
Capital expenditure
0.9
9.3
1.8
-90.4%
Free cash flow
33.6
19.6
-4.6
+71.1%
Free cash flow margin
12.0%
7.7%
-2.0%
Cash from investing
-137
5.5
-23.3
Cash from financing
63.6
1.1
5.8
+5,614.6%
Depreciation and amortisation
19.3
13.4
12.8
+44.1%
Share-based compensation
7.2
5.7
4.9
+28.0%
Buybacks
1.8
1.1
0.7
+67.2%
Diluted shares, weighted
30m
29m
28m
+3.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
372
349
330
+6.5%
Debt
61.0
0.0
0.0
Operating lease liabilities
16.2
0.0
n/a
Other liabilities
80.0
49.7
41.9
+61.0%
Total liabilities and equity
529
399
372
+32.6%
Fixed assets
11.5
13.9
8.4
-17.0%
Goodwill
210
153
155
+37.0%
Intangible assets
121
30.7
39.3
+295.4%
Investments
n/a
0.0
4.7
Cash and equivalents
54.1
92.8
58.0
-41.7%
Receivables
59.2
56.4
49.8
+5.0%
Inventory
51.6
39.8
41.6
+29.7%
Other assets
20.9
11.8
15.7
+77.2%
Total assets
529
399
372
+32.6%
10-K for the year ended 30 September 2020, filed 25 November 2020: the filing.