DIGI INTERNATIONAL INC

For the period ended Mar 31, 2024. Filed May 3, 2024.

About 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.

Mar 31, 2024 · Filed May 3, 2024

DGII$65.05-3.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

	Three months ended March 31,		Six months ended March 31,
	2024	2023	2024	2023
(in thousands, except per share data)
Revenue:
Product	$78,432	$83,819	$155,682	$165,574
Service	29,270	27,325	58,109	54,876
Total revenue	107,702	111,144	213,791	220,450
Cost of sales:
Cost of product	37,894	40,218	75,660	79,830
Cost of service	6,537	7,101	12,807	14,171
Amortization	953	953	1,906	2,056
Total cost of sales	45,384	48,272	90,373	96,057
Gross profit	62,318	62,872	123,418	124,393
Operating expenses:
Sales and marketing	20,540	20,341	40,187	39,447
Research and development	15,044	15,155	29,677	29,249
General and administrative	18,583	15,201	33,270	31,559
Total operating expenses	54,167	50,697	103,134	100,255
Operating income	8,151	12,175	20,284	24,138
Other expense, net:
Interest expense, net	(3,697)	(6,393)	(9,358)	(12,364)
Debt issuance cost write off	—	—	(9,722)	—
Other (expense) income, net	(32)	47	(58)	64
Total other expense, net	(3,729)	(6,346)	(19,138)	(12,300)
Income before income taxes	4,422	5,829	1,146	11,838
Income tax provision (benefit)	428	(70)	206	160
Net income	$3,994	$5,899	$940	$11,678
Net income per common share:
Basic	$0.11	$0.16	$0.03	$0.33
Diluted	$0.11	$0.16	$0.03	$0.32
Weighted average common shares:
Basic	36,296	35,791	36,212	35,698
Diluted	36,974	36,730	36,855	36,821

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.