secwatch.observer — SEC 8-K summary
======================================

Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000854775-24-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000085477524000002/0000854775-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000085477524000002/dgii-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000854775-24-000002

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