2 months ago
Over 5,000 Subscribers Added to IoT Solutions
Debt Pay Down of $15M Results in Net Cash Positive Position
MINNEAPOLIS–(BUSINESS WIRE)–Digi International
® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things (“IoT”) products, services and solutions, today announced its financial results for its first fiscal quarter ended December 31, 2020.
First Fiscal Quarter 2021 Results Compared to First Fiscal Quarter 2020 Results
Revenue increased to $73.1 million compared to $62.3 million, an increase of $10.8 million, or 17.4%.
Net loss per diluted share decreased to ($0.01) compared to net income per diluted share of $0.01. Net loss for the first quarter of fiscal 2021 includes an earn-out adjustment of $5.8 million, or $0.19 per fully diluted common share.