secwatch.observer — SEC 8-K summary
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Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000854775-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000085477523000009/0000854775-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000085477523000009/dgii-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000854775-23-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer