Radha Chavali
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.
Highest-materiality recent filing
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.
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 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 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 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).
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%).
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 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.
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.
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