---
schema_version: "secwatch.filing_event.v1"
accession: "0000854775-24-000002"
form_type: "8-K"
ticker: "DGII"
cik: "0000854775"
company_name: "DIGI INTERNATIONAL INC"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:24:46.382188+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000854775-24-000002
- form_type: 8-K
- ticker: DGII
- cik: 0000854775
- company_name: DIGI INTERNATIONAL INC
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/854775/000085477524000002/0000854775-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/854775/000085477524000002/dgii-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000854775-24-000002
- JSON: https://secwatch.observer/filing/0000854775-24-000002.json
- Plain text: https://secwatch.observer/filing/0000854775-24-000002.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/854775/000085477524000002/0000854775-24-000002-index.htm

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