Highest-materiality recent filing
Digi expands revolving credit facility to $350M, cuts SOFR margins, extends maturity to 2031
New $350M senior secured revolving credit facility replaces $250M facility; matures Aug 27, 2031.
Digi International reports record Q3 revenue of $139M, up 29% YoY; ARR $191M up 52%
Revenue $139M (+29% YoY); gross margin 64.8% (+130 bps); operating margin 16.5% (+260 bps).
Digi International reports record Q2 revenue of $131M, ARR $184M, EPS $0.29
Revenue $131M, up 25% YoY; record quarterly revenue.
CFO James Loch receives PSU award eligible for up to 14,668 shares based on software integration milestones through Sept 2028.
Digi International Q1 FY2026 revenue record $122M, up 18% YoY; ARR $157M (+31%)
Net income of $12M ($0.31 diluted EPS); adjusted net income $21M ($0.56 adjusted EPS), up 24% including interest.
Digi International amends credit facility, cuts borrowing margins, raises accordion to $105M
Amends credit agreement (Dec 23, 2025): Term SOFR margin range lowered to 1.35%-3.10%; base rate margin range lowered to 0.35%-2.10%.
Digi Q4 revenue record $114M, ARR $152M (+31%); FY adj EPS $2.10
Q4 revenue $114M (record, +9% YoY); ARR $152M at quarter end (+31% YoY).
Digi acquires Jolt Software for ~$145.5M; updates FY2025 guidance
Acquired Jolt for ~$145.5M cash, funded from $150M credit facility draw; ~$70M remains available.
Digi International Q3 revenue $108M (+2%); record ARR $126M; raises FY25 guidance
Revenue $108M (+2% YoY); gross profit margin 63.5% (+430 bps).
Digi International Q2 FY2025: Net income up 150% to $10M; ARR grows 12% to $123M
Revenue $105M (-3% YoY); gross profit margin 62.1% (+420 bps).
Digi International Q1 FY2025: Revenue $104M, net income $10M, record ARR $120M
Revenue $104M, down 2% YoY; gross margin 62.0% (+440 bps).
Digi International nominates two new directors; Smith to retire at Feb 2025 meeting
Sally Smith to retire from board after Feb 3, 2025 annual meeting; departure not due to any dispute.
Digi Q4 revenue $105M (-6% YoY); net income $12M; record ARR $116M
Q4 revenue $105M, down 6% YoY; gross margin 61.1% (+400 bps).
Digi International Q3 FY2024 revenue $105M (-6% YoY), net income $10M, ARR $113M record
Revenue $105M down 6% YoY; gross margin 59.2% up 230 bps.
Digi Q2 revenue down 3% to $108M; record ARR $110M up 11%
Revenue $108M (-3% YoY); net income $4M ($0.11 diluted EPS) vs $6M ($0.16) prior year.
Digi International stockholders elect two directors and approve say-on-pay frequency of 1 year
Christopher D. Heim (25.6M for) and Sally J. Smith (27.4M for) elected as directors for three-year terms.
Digi International Q1 FY2024 revenue $106M (-3% YoY); net loss $0.08/diluted share vs income $0.16
Revenue of $106M, down 3% YoY; gross margin 57.6% (+130 bps).
New $250M senior secured revolver with accordion feature for up to $95M or 100% of trailing EBITDA.
Digi International CIO Radha Chavali to depart by Jan 5, 2024 under separation agreement
Radha Chavali, SVP and CIO, mutually agreed to end employment no later than Jan 5, 2024.
Digi International posts record annual revenue of $445M; FY adjusted EPS up 20% to $1.99
Q4 revenue $112M (+6% YoY); GAAP diluted EPS $0.17 (-45% YoY); adjusted EPS $0.52 (+16%).
Digi posts record Q3 revenue $112M, ARR $104M; guides Q4 rev $108-112M
Revenue $112M (+8% YoY); record quarterly revenue. EPS $0.18, adjusted EPS $0.50 (+11% YoY).
Revenue $111M (+17% YoY); GAAP EPS $0.16; adjusted EPS $0.50 (+22%).
Digi International reports record Q1 revenue of $109M, EPS $0.16, adjusted EPS $0.48
Record quarterly revenue of $109M (+30% YoY); ARR $96M (+8%).
Stockholders approve amended 2021 Omnibus Incentive Plan; authorized shares increase to 3.5M
Plan amendment increases authorized shares from 2.4M to 3.5M, extends term to January 27, 2033, removes limit on full value awards.
Digi International dismisses Grant Thornton, appoints Deloitte & Touche as auditor
Audit Committee dismissed Grant Thornton LLP on Nov 30, 2022, as independent auditor.
Digi Q4 FY2022 rev $106M (+34%), ARR >$94M; guides Q1 rev $101-105M
Q4 revenue $106M (+34% YoY); GAAP EPS $0.31 (+138% YoY); adjusted EPS $0.45 (+80%).
Digi Int'l Q3 FY2022: record rev $104M (+31% YoY), ARR $92M, adj EPS $0.45 (up 80%)
Revenue $104M (+31% YoY); record quarterly revenue; ARR $92M (+157% YoY).
Digi International SVP Technology Services Tracy Roberts to depart on Aug 31, 2022
Tracy L. Roberts, SVP Technology Services, will leave Digi International effective August 31, 2022.
Digi International Q2 FY2022 revenue $95M, +23% YoY; adjusted EPS $0.41, +52%
Revenue $95M (record), up 23% YoY; gross margin 54.9% vs 52.3%; adjusted EBITDA $19.5M, +67%.
Digi International reports record Q1 revenue of $84.3M, adjusted EPS up 13%
Revenue $84.3M, up 15% YoY; GAAP net income $0.03/diluted share vs $(0.01) loss.
Plan authorization increased to 2,400,000 shares; full value awards capped at 1,100,000 shares.
Digi completes Ventus acquisition; Ventus 2019 revenue $47.1M, net income $12.5M
Acquired Ventus (managed network services) on Nov 1, 2021 for undisclosed terms; purchase agreement filed.
Digi enters $350M term loan B and $35M revolver credit facility with BMO
Third amended credit agreement with BMO Harris provides $350M term loan B and $35M revolving loan facility.
Digi Q4 revenue up 8.1% to $79.1M; full-year record revenue $308.6M with ARR up 30% to ~$38M
Q4 revenue $79.1M (+8.1% YoY); GAAP EPS $0.13 (-13.3%); Adjusted EPS $0.25 (-21.9%).
Digi International acquires Ventus Holdings for $347.4M cash, largest acquisition in history
Purchase price of $347.4M cash; financed with $350M debt facility from BMO Harris.
President of IoT Solutions Kevin Riley to retire by Dec 31, 2021
Kevin C. Riley, President of IoT Solutions, notified Digi on Aug 23, 2021 of his intent to retire.
Digi Q3 record revenue $79.1M; adjusted EPS $0.25, up 8.7% YoY
Revenue of $79.1M, up 12.4% YoY, a record quarterly revenue.
On November 27, 2023, Digi International Inc. (“Digi”) and Radha Chavali, Senior Vice President and Chief Information Officer, mutually agreed to end her employment no later than January 5, 2024.
On July 29, 2022, it was determined that the employment of Tracy L. Roberts, our Senior Vice President, Technology Services, will end on August 31, 2022.
On August 23, 2021, Kevin C. Riley, President of IoT Solutions of Digi International Inc. (“Digi”), gave notice to Digi of his intention to retire, with a target retirement date around December 31, 2021.
Max materiality 0.85 · Median 0.70 · Most common event earnings