secwatch.observer — SEC 8-K summary
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Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000854775-24-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000085477524000027/0000854775-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000085477524000027/dgii-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000854775-24-000027

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