secwatch.observer — SEC 8-K summary
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Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000854775-24-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000085477524000014/0000854775-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000085477524000014/dgii-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000854775-24-000014

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