Digi International Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2015. For the quarter, the company reported total revenue of $50,259,000 against $47,218,000 a year ago. Operating income was $3,289,000 against $464,000 a year ago. Income from continuing operations, before income taxes was $3,512,000 against $890,000 a year ago. Income from continuing operations was $3,131,000 or $0.12 per basic and diluted share against $1,018,000 or $0.04 per basic and diluted share a year ago. Net income was $6,450,000 or $0.25 per basic and diluted share against net loss of $339,000 or $0.01 per basic and diluted share a year ago. Net cash provided by operating activities was $3,555,000 against $5,343,000 a year ago. Purchase of property, equipment, improvements and certain other intangible assets was $545,000 against $1,469,000 a year ago. EBITDA from continuing operations in the first fiscal quarter of 2016 was $4.6 million, or 9.1% of total revenue, compared to $2.2 million, or 4.8% of total revenue, in the first fiscal quarter of 2015. Adjusted income from continuing operations was $2,887,000 or $0.11 per diluted share against $530,000 or $0.02 per diluted share a year ago.

For the second fiscal quarter of 2016, The company anticipates that the same macroeconomic pressures company are currently experiencing will continue. The company projects revenue to be in the range of $47 million to $51 million. The company projects income per diluted share from continuing operations to be in the range of $0.03 to $0.07 for the second fiscal quarter of 2016.

For the full fiscal year 2016, Digi has lowered its previously announced guidance and now projects revenue to be in a range of $205 million to $215 million, which represents growth of 1% to 4% over fiscal 2015. This is down from the $209 million to $223 million company guided to previously. Digi projects income per diluted share from continuing operations to be in a range of $0.27 to $0.41 versus prior guidance of $0.28 to $0.44.