Digi International Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported total revenue of $48,723,000 against $47,322,000 a year ago. Operating loss was $1,620,000 compared to income of $628,000 a year ago. This $2.2 million decrease in operating loss was resulted from a decrease in gross profit of $1.0 million and an increase in operating expenses of $1.2 million. Loss before income taxes was $1,194,000 compared to income of $764,000 a year ago. Net loss was $339,000 or $0.01 per basic and diluted share compared to net income of $688,000 or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $5,343,000 compared to net cash used in operating activities of $337,000 a year ago. Purchase of property, equipment, improvements and certain other intangible assets were $1,469,000 compared to $975,000 a year ago. Non-GAAP net loss was $827,000 or $0.03 per diluted share compared to net income of $526,000 or $0.02 per diluted share a year ago. EBITDA was $290,000 against $2,570,000 a year ago.


For the second fiscal quarter of 2015, the company project revenue in a range of $50 million to $53 million. The company project net (loss) income per diluted share to be in a range of loss of $0.02 to profit of $0.02 for the second fiscal quarter of 2015. The company's projected net income per diluted share for the second fiscal quarter of 2015 does not include any estimate for insurance proceeds.

For the full year of 2015, the company's annual guidance remains unchanged with a revenue range of $193 million to $213 million and net income per diluted share to be in a range of $0.02 to $0.22.