Digi International Q1 FY2024 revenue $106M (-3% YoY); net loss $0.08/diluted share vs income $0.16

DIGI INTERNATIONAL INC

2024-Q1 EPS reported -$0.08 revenue$106,089,000

Revenue of $106M, down 3% YoY; gross margin 57.6% (+130 bps).
GAAP net loss per diluted share $0.08, driven by $0.26 term B debt issuance cost write-off.
Adjusted net income per diluted share $0.48 (flat); adjusted EBITDA $23M (flat).
Record end-of-quarter ARR of $108M (+13% YoY), surpassing quarterly revenue for first time.
Cash flow from operations was $19M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DIGI INTERNATIONAL INC reported first fiscal quarter ended December 31, 2023 results: revenue $106 million, EPS Net loss per diluted share was $0.08.

Period: first fiscal quarter ended December 31, 2023
Revenue: $106 million
EPS: Net loss per diluted share was $0.08
Result: reported results

Exact text from the filing

First Fiscal Quarter 2024 Results Compared to First Fiscal Quarter 2023 Results • Revenue was $106 million, a decrease of 3%. • Gross profit margin was 57.6%, an increase of 130 basis points.

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Source: SEC EDGAR

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