secwatch.observer — SEC 8-K summary
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Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0000854775-24-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digi Q4 revenue $105M (-6% YoY); net income $12M; record ARR $116M
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- Q4 revenue $105M, down 6% YoY; gross margin 61.1% (+400 bps).
- Q4 net income $12M ($0.32 diluted EPS); adjusted EPS $0.52 flat YoY.
- Adjusted EBITDA $26M (+5%); full year cash from operations $83M.
- Full year revenue $424M (-5%); net income $23M ($0.61 diluted EPS).
- Annualized Recurring Revenue (ARR) $116M, up 9% YoY, a record.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000085477524000031/0000854775-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000085477524000031/dgii-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000854775-24-000031

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