---
schema_version: "secwatch.filing_event.v1"
accession: "0000854775-24-000014"
form_type: "8-K"
ticker: "DGII"
cik: "0000854775"
company_name: "DIGI INTERNATIONAL INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:39:00.440621+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000854775-24-000014
- form_type: 8-K
- ticker: DGII
- cik: 0000854775
- company_name: DIGI INTERNATIONAL INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/854775/000085477524000014/0000854775-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/854775/000085477524000014/dgii-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000854775-24-000014
- JSON: https://secwatch.observer/filing/0000854775-24-000014.json
- Plain text: https://secwatch.observer/filing/0000854775-24-000014.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/854775/000085477524000014/0000854775-24-000014-index.htm

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