Digi posts record Q3 revenue $112M, ARR $104M; guides Q4 rev $108-112M

DIGI INTERNATIONAL INC

2023-Q3 EPS reported $0.50 revenue$332,686,000

Revenue $112M (+8% YoY); record quarterly revenue. EPS $0.18, adjusted EPS $0.50 (+11% YoY).
Adjusted EBITDA $24M (+16%), margin 21.7%. ARR $104M (+13%) at quarter end.
Gross margin 56.9% (+140bps); IoT Products & Services rev $87M, IoT Solutions ARR >$82M.
Q4 FY23 guidance: rev $108-112M, A-EBITDA $23-24M, adjusted EPS $0.46-0.49.
Debt reduced $20M; expects FY23 annual revenue growth at least 14%, above prior view.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DIGI INTERNATIONAL INC reported third fiscal quarter ended June 30, 2023 results: revenue $112 million, net income $0.18 per diluted share, EPS $0.18 per diluted share.

Period: third fiscal quarter ended June 30, 2023
Revenue: $112 million
Net income: $0.18 per diluted share
EPS: $0.18 per diluted share
Result: reported results

Exact text from the filing

announced its financial results for its third fiscal quarter ended June 30, 2023. Third Fiscal Quarter 2023 Results Compared to Third Fiscal Quarter 2022 Results • Revenue was $112 million, an increase of 8%. • Gross profit margin was 56.9%, an increase of 140 basis points. Gross profit margin excluding amortization was 57.7%, an increase of 100 basis points. • Net

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Source: SEC EDGAR

accession 0000854775-23-000009

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