earnings
confidence high
sentiment positive
materiality 0.70
Digerati Q2 FY2023 revenue up 98% to $7.94M, net income $0.22M vs loss; Merger with MEOA on track
Digerati Technologies, Inc.
2023-Q2 EPS reported
-$0.03
revenue$16,071,000
- Revenue $7.941M, +98% YoY; gross margin 62.6% vs 61.4%.
- Net income $0.220M vs loss of $11.047M; Adj EBITDA $0.796M (+283% YoY).
- Non-GAAP operating EBITDA $1.204M (+103%); cash $2.203M at Jan 31, 2023.
- Proposed merger with MEOA at $105M enterprise value; expected closing Q2 CY2023.
- Serves ~4,500 business customers, ~45,000 users in Florida, Texas, California.