Digi International Reports Third Fiscal Quarter 2013 Results

Meets Street EPS Consensus Estimate for Third Fiscal Quarter 2013

MINNEAPOLIS — (BUSINESS WIRE) — July 25, 2013 — Digi International® Inc. (NASDAQ: DGII, www.digi.com) reported revenue of $48.8 million for the third fiscal quarter of 2013, compared with $47.6 million for the third fiscal quarter of 2012, an increase of $1.2 million, or 2.5%. Net income was $1.5 million, or $0.06 per diluted share, in the third fiscal quarter of 2013 compared to $2.3 million, or $0.09 per diluted share, in the year ago comparable quarter.

“Earnings for the quarter met the Street consensus estimate,” said Joe Dunsmore, President and Chief Executive Officer. “We are encouraged by the revenue pipeline development of The Social Machine® we released during the quarter which enables the connection of widely deployed devices into core business processes via the salesforce.com platform.”

Below is a table setting forth certain GAAP and non-GAAP results:

GAAP Results
(in thousands, except per share data)   Q3 2013   Q3 2012   YTD 2013   YTD 2012
Net Sales $48,824 $47,632 $144,012 $143,310
Operating Income $1,892 $2,082 $3,983 $6,327
Net Income $1,528 $2,307 $3,758 $5,153
Net Income per Diluted Share $0.06 $0.09 $0.14 $0.20
 
Non-GAAP Results*
(in thousands, except per share data) Q3 2013 Q3 2012 YTD 2013 YTD 2012
Operating Income $1,892 $3,045 $5,471 $7,586
Net Income $1,416 $1,853 $4,093 $4,680
Net Income per Diluted Share $0.05 $0.07 $0.16 $0.18
 
* A table with a detailed reconciliation to non-GAAP information is provided later in this earnings release.
 

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