DIGI INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Feb 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 2, 2024
DGII$67.13+6.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
| Three months ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (in thousands, except per share data) | ||
| Revenue: | ||
| Product | $77,250 | $81,755 |
| Service | 28,839 | 27,551 |
| Total revenue | 106,089 | 109,306 |
| Cost of sales: | ||
| Cost of product | 37,766 | 39,612 |
| Cost of service | 6,270 | 7,070 |
| Amortization | 953 | 1,103 |
| Total cost of sales | 44,989 | 47,785 |
| Gross profit | 61,100 | 61,521 |
| Operating expenses: | ||
| Sales and marketing | 19,647 | 19,106 |
| Research and development | 14,633 | 14,094 |
| General and administrative | 14,687 | 16,358 |
| Total operating expenses | 48,967 | 49,558 |
| Operating income | 12,133 | 11,963 |
| Other expense, net: | ||
| Interest expense, net | (5,661) | (5,971) |
| Debt issuance cost write off | (9,722) | — |
| Other (expense) income, net | (26) | 17 |
| Total other expense, net | (15,409) | (5,954) |
| (Loss) income before income taxes | (3,276) | 6,009 |
| Income tax (benefit) provision | (222) | 230 |
| Net (loss) income | $(3,054) | $5,779 |
| Net (loss) income per common share: | ||
| Basic | $(0.08) | $0.16 |
| Diluted | $(0.08) | $0.16 |
| Weighted average common shares: | ||
| Basic | 36,129 | 35,608 |
| Diluted | 36,129 | 36,859 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.