Revenue Performance - Revenue for Q4 2024 was $105 million, a decrease of 6% compared to Q4 2023[3] - Annual revenue for fiscal 2024 was $424 million, a decrease of 5% year-over-year[4] - Revenue for Q4 2024 was $105,052, a decrease of 6.5% from $112,163 in Q4 2023[31] - Full year revenue for 2024 totaled $424,046, down 4.7% from $444,849 in 2023[31] - First fiscal quarter 2025 revenue guidance is estimated to be between $102 million and $106 million[16] Profitability - Gross profit margin for Q4 2024 was 61.1%, an increase of 400 basis points from the previous year[3] - Gross profit for Q4 2024 was $64,230, slightly up from $63,991 in Q4 2023[31] - Net income for Q4 2024 was $12 million, compared to $6 million in Q4 2023[3] - Net income for Q4 2024 increased to $11,863, compared to $6,365 in Q4 2023, representing an 86.9% increase[31] - Operating income for the full year 2024 was $48,089, down from $50,095 in 2023[31] - Adjusted EBITDA for Q4 2024 was $26,254, representing 25.0% of total revenue[36] Cash Flow and Liquidity - Cash flow from operations for Q4 2024 was $26 million, compared to $9 million in Q4 2023[8] - Cash and cash equivalents at the end of Q4 2024 were $27,510, down from $31,693 at the end of Q4 2023[33] - Net cash provided by operating activities for the full year 2024 was $83,092, a significant increase from $36,751 in 2023[34] Inventory and Assets - Net inventory at the end of Q4 2024 was $53 million, down from $74 million at the end of Q4 2023[9] - Total assets decreased to $815,075 in Q4 2024 from $835,531 in Q4 2023[33] - Total liabilities decreased significantly from $295,043 in Q4 2023 to $234,040 in Q4 2024[33] Future Projections and Strategy - Annualized Recurring Revenue (ARR) at the end of Q4 2024 was $116 million, an increase of 9% year-over-year[3] - The company projects ARR growth of approximately 10% for fiscal 2025, with revenue and Adjusted EBITDA expected to be flat year-over-year[16] - The company aims to focus on acquisitions that enhance scale and ARR as part of its capital allocation strategy[14]

Digi International Inc. (NASDAQ:DGII) Q3 2024 Earnings Call August 7, 2024 5:00 PM ET Company Participants Ron Konezny - President and Chief Executive Officer Jamie Loch - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Inc. Jim Fish - Piper Sandler Scott Searle - ROTH Capital Operator Good day and thank you for standing by. Welcome to the Q3 2024 Digi International Inc. Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. ...

Digi International (DGII) came out with quarterly earnings of $0.50 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this provider of communication adapters would post earnings of $0.47 per share when it actually produced earnings of $0.49, delivering a surprise of 4.26%. Over the last four quarters, the company has surpassed consensus EPS estimates three time ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-34033 DIGI INTERNATIONAL INC. (Exact name of registrant as specified in its charter) Delaware 41-1532464 | --- | --- | --- | |-------- ...

Exhibit 99.1 Third Fiscal Quarter 2024 Results Compared to Third Fiscal Quarter 2023 Results Additional Financial Highlights Digi International Reports Third Fiscal Quarter 2024 Results Revenue of $105M, Record End of Quarter ARR of $113M Cash Flow From Operations of $25M ® (Minneapolis, MN, August 7, 2024) - Digi International Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-34033 DIGI INTERNATIONAL INC. (Exact name of registrant as specified in its charter) Delaware 41-1532464 (State or other jurisdiction ...

Digi International Inc. (NASDAQ:DGII) Q2 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Jamie Loch - Executive Vice President, Chief Financial Officer & Treasurer Ron Konezny - President & Chief Executive Officer Conference Call Participants Mike Walkley - Canaccord Genuity Cole Couzens - Stephens Incorporated Josh Nichols - B. Riley Scott Searle - ROTH MKM Harsh Kumar - Piper Sandler Mike Walkley - Canaccord Genuity Operator Good day and thank you for standing by and welcome to ...

Digi International (DGII) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.26%. A quarter ago, it was expected that this provider of communication adapters would post earnings of $0.45 per share when it actually produced earnings of $0.48, delivering a surprise of 6.67%.Over the last ...

Exhibit 99.1 Digi International Reports Second Fiscal Quarter 2024 Results Revenue of $108M, Record End of Quarter ARR of $110M Cash Flow From Operations was $13 Million (Minneapolis, MN, May 1, 2024) - Digi International Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its second fiscal quarter ended March 31, 2024. ® Second Fiscal Quarter 2024 Results Compared to Second Fis ...

metamorworks Thesis Over the past decade, Digi International Inc.’s (NASDAQ:DGII) earnings have had some ups and downs. But, beginning in 2020, it has more consistently increased its earnings: Data by YCharts Will its earnings stay on that path? It seems likely, but at a slower rate this year and next year. Beyond that, the share price is expected to continue its robust climb. Tailwinds include the rapidly growing and very large Internet of Things market (especially the Industrial Internet of Things), s ...