---
schema_version: "secwatch.filing_event.v1"
accession: "0000854775-23-000009"
form_type: "8-K"
ticker: "DGII"
cik: "0000854775"
company_name: "DIGI INTERNATIONAL INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:27:41.830397+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000854775-23-000009
- form_type: 8-K
- ticker: DGII
- cik: 0000854775
- company_name: DIGI INTERNATIONAL INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/854775/000085477523000009/0000854775-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/854775/000085477523000009/dgii-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000854775-23-000009
- JSON: https://secwatch.observer/filing/0000854775-23-000009.json
- Plain text: https://secwatch.observer/filing/0000854775-23-000009.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/854775/000085477523000009/0000854775-23-000009-index.htm

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