DIGI INTERNATIONAL INC

For the period ended Jun 30, 2024. Filed Aug 7, 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.

Jun 30, 2024 · Filed Aug 7, 2024

DGII$67.13+6.2%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

	Three months ended June 30,		Nine months ended June 30,
	2024	2023	2024	2023
(in thousands, except per share data)
Revenue:
Product	$74,618	$81,714	$230,300	$247,288
Service	30,585	30,522	88,694	85,398
Total revenue	105,203	112,236	318,994	332,686
Cost of sales:
Cost of product	35,846	40,650	111,506	120,480
Cost of service	6,147	6,814	18,954	20,985
Amortization	952	953	2,858	3,009
Total cost of sales	42,945	48,417	133,318	144,474
Gross profit	62,258	63,819	185,676	188,212
Operating expenses:
Sales and marketing	21,501	20,974	61,688	60,421
Research and development	15,132	14,945	44,809	44,194
General and administrative	12,717	15,424	45,987	46,983
Total operating expenses	49,350	51,343	152,484	151,598
Operating income	12,908	12,476	33,192	36,614
Other expense, net:
Interest expense, net	(3,234)	(6,603)	(12,592)	(18,967)
Debt issuance cost write off	—	—	(9,722)	—
Other (expense) income, net	(14)	15	(72)	79
Total other expense, net	(3,248)	(6,588)	(22,386)	(18,888)
Income before income taxes	9,660	5,888	10,806	17,726
Income tax (benefit) provision	(42)	(839)	164	(679)
Net income	$9,702	$6,727	$10,642	$18,405
Net income per common share:
Basic	$0.27	$0.19	$0.29	$0.51
Diluted	$0.26	$0.18	$0.29	$0.50
Weighted average common shares:
Basic	36,375	35,889	36,266	35,761
Diluted	37,026	36,817	36,921	36,838

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.