Digi International® Inc. (NASDAQ: DGII, www.digi.com), a leader in device networking for business, announces that a replay of its 2009 annual meeting of shareholders, held on January 26, 2009, is now available and can be accessed through the investor relations section of Digi’s website at www.digi.com or http://phx.corporate-ir.net/phoenix.zhtml?c=108535&p=irol-audioarchives.
In addition to the replay of the audio web cast, Digi has posted the shareholder meeting presentation and supplemental material, under the heading Supporting Materials at the same web page noted above. The web cast, shareholder presentation and supplemental material will be archived for 90 days following the date of the meeting.
About Digi International
Digi International, based in Minneapolis, is the leader in device networking for business. Digi develops reliable products and technologies that enable companies to connect and securely manage local or remote electronic devices over the network or via the web.
Forward-Looking Statements
The web cast and shareholder meeting presentation contain forward-looking statements that involve risks and uncertainties.These forward-looking statements are not a guarantee of the Company’s financial performance.The Company’s actual results could differ materially from those projected in any such forward-looking statement.Additional information concerning important factors that could cause results to differ materially from those in any such forward-looking statement is contained in the Company’s reports on file with the Securities and Exchange Commission, including the risk factors described in the Annual Report on Form 10-K for the fiscal year ended September 30, 2008 and in the Company’s earnings press release for the first quarter of fiscal 2009.
The web cast and shareholder meeting presentation include a non-GAAP measure, earnings before taxes, in process research and development and non-cash acquisition related expenses, depreciation and amortization, as a percent of revenue.
We believe that earnings before taxes, in process research and development and non-cash acquisition related expenses, depreciation and amortization (EBTDA), as a percent of revenue, provides a reliable and consistent approach to measuring our performance from year to year and in assessing our performance against other companies.We use EBTDA as a key performance indicator of how we are performing compared to prior periods and compared to our operating plan.In addition, our incentive compensation plans use EBTDA to measure operating performance.We also believe this non-GAAP measure helps investors compare operating results and corporate performance exclusive of the impact of our capital structure and the method by which assets were acquired. The use of EBTDA does not reflect the Company’s cash expenditures, the cash requirements for the replacement of depreciated and amortized assets, or changes in cash requirements for the Company’s working capital needs.
Please refer to the supplemental material which reconciles income before income taxes to earnings before taxes, in process research and development and non-cash acquisition related expenses, depreciation and amortization, in dollars and as a percent of revenue, for the previous nine quarters.
For more information, visit Digi's Web site at www.digi.com, or call 877-912-3444 (U.S.) or 952-912-3444 (International).
Contacts:
Investor:
Digi International
S. (Kris) Krishnan,
952-912-3125
Email: S. (Kris)
Krishnan
or
The Investor Relations Group
Erika Moran,
212-825-3210
Email:
The Investor Relations Group