DIGI INTERNATIONAL INC — fact timeline

DIGI INTERNATIONAL INC reported fiscal second quarter ended March 31, 2026 results: revenue $131 million, net income $11 million, EPS $0.29 per diluted share.

“its financial results for its second fiscal quarter ended March 31, 2026. Second Fiscal Quarter 2026 Results Compared to Second Fiscal Quarter 2025 Results 1 • Revenue was $131 million, an increase of 25%. • Gross profit margin was 64.0%, an increase of 190 basis points. • Operating margin was 13.1% in both periods. • Net income was $11 million, an increase of”

DIGI INTERNATIONAL INC incurred revolving credit of $150 million with BMO Bank N.A., as administrative and collateral agent at Term Secured Overnight Financing Rate for a one-month interest period plus an ap maturing December 7, 2028.

“On August 18, 2025, in connection with the entry into the Merger Agreement, Digi borrowed $150 million under its existing senior secured revolving credit agreement, dated as of December 7, 2023 (the "Credit Agreement"), with BMO Bank N.A., as administrative and collateral agent, and the several banks and other financial institutions or entities from time-to-time party thereto as lenders.”

DIGI INTERNATIONAL INC reported second fiscal quarter ended March 31, 2024 results: revenue $108 million, net income $4 million, EPS $0.11.

“its financial results for its second fiscal quarter ended March 31, 2024. Second Fiscal Quarter 2024 Results Compared to Second Fiscal Quarter 2023 Results • Revenue was $108 million, a decrease of 3%. • Gross profit margin was 57.9%, an increase of 130 basis points. • Net income was $4 million, compared to $6 million. • Net income per diluted share was”

DIGI INTERNATIONAL INC shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm at the 2024-01-29 meeting.

“4. The stockholders ratified the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2024, with 33,994,778 shares voting for the proposal and 15,289 shares voting against the proposal. 21,549 shares abstained from voting on this proposal.”

DIGI INTERNATIONAL INC shareholders approved Non-binding advisory proposal on frequency of future advisory votes on executive compensation at the 2024-01-29 meeting.

“3. The stockholders recommended a 1-year frequency to approve executive compensation based on a non-binding advisory proposal that received 29,298,968 for a 1-year frequency, 12,328 for a 2-year frequency and 2,238,937 for a 3-year frequency. 9,136 shares abstained from voting and there were 2,472,247 broker non-votes on this proposal.”

DIGI INTERNATIONAL INC shareholders approved Non-binding advisory proposal to approve executive compensation at the 2024-01-29 meeting.

“2. A non-binding advisory proposal to approve the executive compensation disclosed in our proxy statement for the Annual Meeting received advisory approval based on 30,141,347 “for” votes and 1,403,683 “against” votes. 14,339 shares abstained from voting and there were 2,472,247 broker non-votes on this proposal.”

DIGI INTERNATIONAL INC shareholders approved Election of Christopher D. Heim and Sally J. Smith as directors for three-year terms at the 2024-01-29 meeting.

“We held our Annual Meeting virtually on January 29, 2024. The final results for each of the matters submitted to a vote of stockholders at the Annual Meeting are as follows: 1. Christopher D. Heim and Sally J. Smith were elected as directors for three-year terms.”

DIGI INTERNATIONAL INC reported first fiscal quarter ended December 31, 2023 results: revenue $106 million, EPS Net loss per diluted share was $0.08.

“First Fiscal Quarter 2024 Results Compared to First Fiscal Quarter 2023 Results • Revenue was $106 million, a decrease of 3%. • Gross profit margin was 57.6%, an increase of 130 basis points.”

DIGI INTERNATIONAL INC incurred revolving credit of $250 million senior secured revolving credit facility with BMO Bank N.A. at Term SOFR with a floor of 0.00% plus an applicable margin of 1.75-2.75% for Term.

“On December 7, 2023 (the “ Closing Date ”), Digi International, Inc. (“ Digi ”) entered into a revolving credit agreement (the “ Credit Agreement ”) with BMO Bank N.A. (“ BMO ”), as administrative and collateral agent, BMO Capital Markets Corp., BofA Securities, Inc. and MUFG Bank, Ltd., as joint lead arrangers and joint bookrunners, and the several banks and other financial institutions or entities from time to time party thereto as lenders (the “ Lenders ”). The Credit Agreement provides Digi with a $250 million senior secured revolving credit facility (the “ Credit Facility ”), with an uncommitted accordion feature that provides for additional borrowing capacity of up to the greater of $95 million or one hundred percent of trailing twelve month adjusted earnings before interest, taxes, depreciation, and amortization.”

DIGI INTERNATIONAL INC terminated Third Amended and Restated Credit Agreement dated as of December 22, 2021 with Digi International, Inc., as the borrower, BMO Bank N.A., as administrative agent and collateral agent, BMO Capital Markets Corp., as sole lead arranger and bookrunner, and the other lenders from time-to-time party thereto (effective 2023-12-07).

“On December 7, 2023, in connection with the entry into the Credit Agreement, Digi paid off all amounts due and terminated in full all commitments under the Terminated Agreement.”

DIGI INTERNATIONAL INC entered into Credit Agreement with BMO Bank N.A., as administrative and collateral agent, BMO Capital Markets Corp., BofA Securities, Inc. and MUFG Bank, Ltd., as joint lead arrangers and joint bookrunners, and the several banks and other financial institutions or entities from time to time party thereto as lenders valued at $250 million (effective 2023-12-07).

“On December 7, 2023 (the “ Closing Date ”), Digi International, Inc. (“ Digi ”) entered into a revolving credit agreement (the “ Credit Agreement ”) with BMO Bank N.A. (“ BMO ”), as administrative and collateral agent, BMO Capital Markets Corp., BofA Securities, Inc. and MUFG Bank, Ltd., as joint lead arrangers and joint bookrunners, and the several banks and other financial institutions or entities from time to time party thereto as lenders (the “ Lenders ”).”

Radha Chavali departed as Senior Vice President and Chief Information Officer at DIGI INTERNATIONAL INC.

“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.”

DIGI INTERNATIONAL INC reported financial results for full fiscal year ended September 30, 2023.

“On November 9, 2023, Digi International Inc. (“Digi”) issued a press release regarding Digi’s financial results for its fourth fiscal quarter and full fiscal year ended September 30, 2023.”

DIGI INTERNATIONAL INC reported financial results for fourth fiscal quarter ended September 30, 2023.

“On November 9, 2023, Digi International Inc. (“Digi”) issued a press release regarding Digi’s financial results for its fourth fiscal quarter and full fiscal year ended September 30, 2023.”

DIGI INTERNATIONAL INC reported third fiscal quarter ended June 30, 2023 results: revenue $112 million, net income $0.18 per diluted share, EPS $0.18 per diluted share.

“announced its financial results for its third fiscal quarter ended June 30, 2023. Third Fiscal Quarter 2023 Results Compared to Third Fiscal Quarter 2022 Results • Revenue was $112 million, an increase of 8%. • Gross profit margin was 56.9%, an increase of 140 basis points. Gross profit margin excluding amortization was 57.7%, an increase of 100 basis points. • Net”

DIGI INTERNATIONAL INC reported second fiscal quarter ended March 31, 2023 results: revenue $111 million, net income $0.16 per diluted share, EPS $0.50 per diluted share.

“its financial results for its second fiscal quarter ended March 31, 2023. Second Fiscal Quarter 2023 Results Compared to Second Fiscal Quarter 2022 Results • Revenue was $111 million, an increase of 17%. • Gross profit margin was 56.6% versus 54.9%. Gross profit margin excluding amortization was 57.4% compared to 56.3%. • Net income per diluted share was”

DIGI INTERNATIONAL INC reported first fiscal quarter ended December 31, 2022 results: revenue $109 million, net income $0.16 per diluted share, EPS $0.16.

“its financial results for its first fiscal quarter ended December 31, 2022. First Fiscal Quarter 2023 Results Compared to First Fiscal Quarter 2022 Results 1 • Revenue was $109 million, an increase of 30%. • Gross profit margin was 56.3% versus 56.8%. Gross profit margin excluding amortization was 57.3% compared to 58.5%. • Net income per diluted share was”

DIGI INTERNATIONAL INC shareholders approved Approval of second amendment and restatement of the Digi International Inc. 2021 Omnibus Incentive Plan at the 2023-01-27 meeting.

“4. The stockholders approved the second amendment and restatement of the Digi International Inc. 2021 Omnibus Incentive Plan. The proposal to approve the amendment and restatement of the plan received 28,188,225 “for” votes and 1,654,582 “against” votes. 18,682 shares abstained from voting and there were 2,651,876 broker non-votes on this proposal.”

DIGI INTERNATIONAL INC shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending September 30, 2023 at the 2023-01-27 meeting.

“3. The stockholders ratified the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2023, with 32,482,935 shares voting for the proposal and 16,430 shares voting against the proposal. 14,000 shares abstained from voting on this proposal.”

DIGI INTERNATIONAL INC shareholders approved Non-binding advisory proposal to approve executive compensation at the 2023-01-27 meeting.

“2. A non-binding advisory proposal to approve the executive compensation disclosed in our proxy statement for the Annual Meeting received advisory approval based on 29,537,939 “for” votes and 306,386 “against” votes. 17,164 shares abstained from voting and there were 2,651,876 broker non-votes on this proposal.”

DIGI INTERNATIONAL INC shareholders approved Election of Satbir Khanuja, Ph.D. and Ronald E. Konezny as directors for three-year terms at the 2023-01-27 meeting.

“1. Satbir Khanuja, Ph.D. and Ronald E. Konezny were elected as directors for three-year terms. Voting was as follows: Name Votes For Votes Against Abstain Broker Non-Votes Sabtir Khanuja, Ph.D. 27,087,355 2,594,684 179,450 2,651,876 Ronald E. Konezny 29,792,500 62,271 6,718 2,651,876”

DIGI INTERNATIONAL INC engaged Deloitte & Touche LLP as its auditor.

“On the same date, the Audit Committee approved the engagement of Deloitte & Touche LLP to audit our financial statements for the fiscal year ending September 30, 2023, subject to Deloitte & Touche LLP’s standard client acceptance procedures and execution of an engagement letter.”

DIGI INTERNATIONAL INC dismissed Grant Thornton LLP as its auditor.

“On November 30, 2022, the Audit Committee of the Board of Directors of Digi International Inc. dismissed Grant Thornton LLP, which had been serving as our independent registered public accounting firm.”

DIGI INTERNATIONAL INC reported fiscal year ended September 30, 2022 results: revenue $388 million, EPS $0.54.

“Revenue was $388 million, an increase of 26%.”

DIGI INTERNATIONAL INC reported fourth fiscal quarter ended September 30, 2022 results: revenue $106 million, EPS $0.31.

“Revenue was $106 million, an increase of 34%.”

Tracy L. Roberts departed as Senior Vice President, Technology Services at DIGI INTERNATIONAL INC.

“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.”

Kevin C. Riley departed as President of IoT Solutions at DIGI INTERNATIONAL INC.

“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.”