Digi International Q3 FY2024 revenue $105M (-6% YoY), net income $10M, ARR $113M record

DIGI INTERNATIONAL INC

2024-Q3 EPS reported $0.29 revenue$318,994,000

Revenue $105M down 6% YoY; gross margin 59.2% up 230 bps.
Net income $10M ($0.26 diluted EPS) vs $7M ($0.18) YoY; adjusted EPS $0.50 flat.
Adjusted EBITDA $25M up 2%; cash flow from operations $25M.
Record end-of-quarter ARR $113M up 9% YoY.

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