secwatch.observer — SEC 8-K summary
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Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2022-02-02T23:59:59+00:00
Accession:  0000854775-22-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digi International reports record Q1 revenue of $84.3M, adjusted EPS up 13%
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- Revenue $84.3M, up 15% YoY; GAAP net income $0.03/diluted share vs $(0.01) loss.
- Adjusted EPS $0.36, up 13%; adjusted EBITDA $17.0M, up 31%.
- Gross margin 56.8% (ex-amort 58.5%) vs 56.1% (57.6%) last year.
- Annualized Recurring Revenue (ARR) exceeded $88M, up 170% YoY.
- Acquisition of Ventus completed in November 2021 contributed to results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000085477522000002/0000854775-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000085477522000002/dgii-20220202.htm
  HTML page:      https://secwatch.observer/filing/0000854775-22-000002

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