Digi International

Digi International is a global provider of business and mission-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. The Company helps its customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Digi creates secure, easy to implement embedded solutions and services to help customers build IoT connectivity. The Company also deploys ready to use, complete box solutions to connect remote machinery. In addition, it manages cloud services, offers professional services and complete IoT solutions, offers automated wireless temperature monitoring as well as employee task management services to restaurants, convenience stores, warehouses and other businesses that have perishable or temperature sensitive goods.

Company Growth (employees)
Type
Public
HQ
Minnetonka, US
Founded
1985
Size (employees)
515 (est)
Website
digi.com
Digi International was founded in 1985 and is headquartered in Minnetonka, US

Digi International Office Locations

Digi International has an office in Minnetonka
Minnetonka, US (HQ)
11001 Bren Rd E

Digi International Data and Metrics

Digi International Financial Metrics

Digi International's revenue was reported to be $45.6 m in Q2, 2017
USD

Revenue (Q2, 2017)

45.6 m

Gross profit (Q2, 2017)

21.9 m

Gross profit margin (Q2, 2017), %

48%

Net income (Q2, 2017)

1.3 m

EBIT (Q2, 2017)

1.5 m

Market capitalization (17-Aug-2017)

238.6 m

Cash (31-Mar-2017)

71.9 m
Digi International's current market capitalization is $238.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

195.4 m192.7 m212.9 m203 m

Revenue growth, %

(1%)10%(5%)

Cost of goods sold

95.3 m102.2 m114.8 m103.3 m

Gross profit

100.1 m90.5 m98 m99.7 m

Gross profit Margin, %

51%47%46%49%

Sales and marketing expense

33.8 m

R&D expense

31 m

General and administrative expense

17 m

Operating expense total

92.6 m90.4 m91.6 m82.6 m

EBIT

7.5 m125 k6.4 m17.1 m

EBIT margin, %

4%0%3%8%

Interest expense

42 k5 k4 k291 k

Interest income

210 k176 k218 k545 k

Pre tax profit

8.2 m797 k8.6 m

Income tax expense

2.4 m(954 k)2.1 m3.2 m

Net Income

5.8 m1.8 m6.6 m16.7 m
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Revenue

47.9 m48.7 m53.2 m54.5 m50.3 m50.2 m52.1 m45.2 m45.6 m

Cost of goods sold

25.7 m26.8 m29.1 m29.2 m25.9 m25.4 m26.2 m23.7 m23.7 m

Gross profit

22.1 m21.9 m24.1 m25.3 m24.4 m24.7 m26 m21.5 m21.9 m

Gross profit Margin, %

46%45%45%46%48%49%50%47%48%

Sales and marketing expense

9.9 m10.8 m10.3 m9.4 m8.5 m8.2 m8.6 m8.3 m8.7 m

R&D expense

7.3 m7.6 m7.8 m8.4 m7.8 m7.8 m7.9 m6.9 m7 m

General and administrative expense

5.3 m5.2 m4.5 m4.7 m4.1 m5.1 m4.3 m3.8 m4.7 m

Operating expense total

22.4 m23.5 m22.6 m22.5 m20.4 m21 m20.9 m19 m20.4 m

EBIT

(280 k)(1.6 m)942 k2.8 m3.3 m3.7 m5.1 m2.4 m1.5 m

EBIT margin, %

(1%)(3%)2%5%7%7%10%5%3%

Interest expense

(4 k)(100 k)(33 k)(10 k)

Interest income

39 k38 k143 k159 k120 k

Pre tax profit

(314 k)(1.2 m)2.3 m3.3 m

Income tax expense

(213 k)(855 k)874 k795 k381 k1.2 m532 k765 k148 k

Net Income

(101 k)(339 k)1.4 m2.5 m6.5 m2.1 m4.3 m2.4 m1.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

41.3 m47.5 m45 m75.7 m

Accounts Receivable

26.8 m28.6 m29.2 m28.7 m

Inventories

26.1 m31.2 m31.9 m26.3 m

Current Assets

149.3 m147.7 m160.2 m195.6 m

Goodwill

103.6 m103.4 m102.1 m109.4 m

Total Assets

300 m290.5 m300.4 m336.2 m

Accounts Payable

8.9 m10.5 m6.7 m8.6 m

Current Liabilities

21.3 m21.8 m23.2 m23.8 m

Total Liabilities

36.1 m

Additional Paid-in Capital

212 m218.7 m227.4 m237.5 m

Retained Earnings

116.1 m117.8 m124.4 m141.1 m

Total Equity

274.3 m265.3 m274.9 m300 m

Financial Leverage

1.1 x1.1 x1.1 x1.1 x
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Cash

55.9 m45 m45.7 m53.8 m52.2 m67.3 m61.1 m81.1 m71.9 m

Accounts Receivable

24.7 m23.3 m28.6 m24.4 m24.9 m28.6 m28.5 m28 m28.7 m

Inventories

30.5 m33.4 m33.9 m34.7 m30.1 m25.7 m26 m24.3 m30.5 m

Current Assets

151.9 m142.9 m155.6 m156.4 m165.1 m176.9 m186 m192 m173.6 m

Goodwill

104.3 m102.7 m101.7 m102.5 m110.2 m110.7 m109.9 m111.1 m129.9 m

Total Assets

297.7 m287.3 m290.2 m293.8 m316.3 m323.5 m331.6 m331.5 m339.7 m

Accounts Payable

10.4 m12 m11.4 m7 m6.9 m7.3 m8.7 m7.9 m10.8 m

Current Liabilities

21.5 m23.2 m22.5 m20.9 m18.3 m20.7 m23.9 m17.8 m21.8 m

Additional Paid-in Capital

217.7 m219.4 m224.9 m226.1 m233.5 m234.7 m236.1 m241.1 m242.8 m

Retained Earnings

117.7 m117.5 m118.9 m121.4 m130.9 m133 m137.3 m143.5 m144.8 m

Total Equity

273.4 m261.4 m265.1 m270.6 m285.5 m290.4 m294.9 m302.1 m306.4 m

Financial Leverage

1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

5.8 m1.8 m6.6 m16.7 m

Accounts Receivable

(2.4 m)(2.7 m)(1.8 m)(1.2 m)

Inventories

(3 m)(6 m)(1.9 m)4 m

Accounts Payable

1.4 m970 k(3.8 m)1.6 m

Cash From Operating Activities

11.7 m1.8 m14.1 m27.1 m

Cash From Investing Activities

(19.7 m)16.6 m

Cash From Financing Activities

(10.8 m)(11 m)5.1 m7.7 m

Interest Paid

42 k5 k4 k9 k

Income Taxes Paid

(2.6 m)(1.4 m)387 k(1.6 m)
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Net Income

(101 k)(339 k)1.4 m2.5 m6.5 m2.1 m4.3 m2.4 m1.3 m

Accounts Receivable

24.4 m24.9 m28.6 m28.5 m28 m28.7 m

Inventories

34.7 m30.1 m25.7 m26 m24.3 m30.5 m

Accounts Payable

7 m6.9 m7.3 m8.7 m7.9 m10.8 m
USDY, 2017

Revenue/Employee

88.6 k

Financial Leverage

1.1 x

Digi International Operating Metrics

Digi International's Customers was reported to be 25 k in Jun, 2017. Digi International's Backlog was reported to be $25.3 m in FY, 2016, which is a 7% decrease from the previous period
FY, 2014FY, 2015FY, 2016Jun, 2017

Backlog

$26.2 m$27.2 m$25.3 m

Customers

25 k

Patents and Patent Applications

111

Things Connected

100 m

Partners

250

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    Digi International Revenue Breakdown

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