Digi International Full Year 2024 Earnings: EPS Beats Expectations

Digi International (NASDAQ:DGII) Full Year 2024 Results

Key Financial Results

• Revenue: US$424.0m (down 4.7% from FY 2023).
• Net income: US$22.5m (down 9.1% from FY 2023).
• Profit margin: 5.3% (down from 5.6% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.62 (down from US$0.69 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Digi International EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Digi International's balance sheet.

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