secwatch.observer — SEC 8-K summary
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Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001213900-23-021413
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digerati Q2 FY2023 revenue up 98% to $7.94M, net income $0.22M vs loss; Merger with MEOA on track
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390023021413/0001213900-23-021413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390023021413/ea175502-8k425_digerati.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-021413

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