Digi Q2 revenue down 3% to $108M; record ARR $110M up 11%

DIGI INTERNATIONAL INC

2024-Q2 EPS reported $0.03 revenue$213,791,000

Revenue $108M (-3% YoY); net income $4M ($0.11 diluted EPS) vs $6M ($0.16) prior year.
Record ARR $110M at quarter-end, +11% YoY; gross margin 57.9% (+130 bps).
Adjusted EBITDA $24M flat; adjusted EPS $0.49 flat YoY; cash flow from ops $13M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

DIGI INTERNATIONAL INC reported second fiscal quarter ended March 31, 2024 results: revenue $108 million, net income $4 million, EPS $0.11.

Period: second fiscal quarter ended March 31, 2024
Revenue: $108 million
Net income: $4 million
EPS: $0.11
Result: reported results

Exact text from the filing

its financial results for its second fiscal quarter ended March 31, 2024. Second Fiscal Quarter 2024 Results Compared to Second Fiscal Quarter 2023 Results • Revenue was $108 million, a decrease of 3%. • Gross profit margin was 57.9%, an increase of 130 basis points. • Net income was $4 million, compared to $6 million. • Net income per diluted share was

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Source: SEC EDGAR

accession 0000854775-24-000014

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