---
schema_version: "secwatch.filing_event.v1"
accession: "0000854775-23-000002"
form_type: "8-K"
ticker: "DGII"
cik: "0000854775"
company_name: "DIGI INTERNATIONAL INC"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T03:06:40.930593+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Digi International reports record Q1 revenue of $109M, EPS $0.16, adjusted EPS $0.48

## Summary
- Record quarterly revenue of $109M (+30% YoY); ARR $96M (+8%).
- Adjusted EPS $0.48 (+33% YoY); adjusted EBITDA $23M (+38%).
- IoT Solutions revenue $25M (record); IoT Products $84M (record).
- Q2 FY2023 guidance: revenue $105-109M, adj. EPS $0.42-0.46.
- Supply chain improving: critical component shortages fell from >150 to <40.

## SEC filing metadata
- accession: 0000854775-23-000002
- form_type: 8-K
- ticker: DGII
- cik: 0000854775
- company_name: DIGI INTERNATIONAL INC
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/854775/000085477523000002/0000854775-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/854775/000085477523000002/dgii-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000854775-23-000002
- JSON: https://secwatch.observer/filing/0000854775-23-000002.json
- Plain text: https://secwatch.observer/filing/0000854775-23-000002.txt

## Key facts
- Earnings Releases
  DIGI INTERNATIONAL INC reported first fiscal quarter ended December 31, 2022 results: revenue $109 million, net income $0.16 per diluted share, EPS $0.16.
  - Period: first fiscal quarter ended December 31, 2022
  - Revenue: $109 million
  - Net income: $0.16 per diluted share
  - EPS: $0.16
  - Result: reported results
  source text: its financial results for its first fiscal quarter ended December 31, 2022. First Fiscal Quarter 2023 Results Compared to First Fiscal Quarter 2022 Results 1 • Revenue was $109 million, an increase of 30%. • Gross profit margin was 56.3% versus 56.8%. Gross profit margin excluding amortization was 57.3% compared to 58.5%. • Net income per diluted share was
  evidence_url: https://www.sec.gov/Archives/edgar/data/854775/000085477523000002/0000854775-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.