DIGI INTERNATIONAL INC

For the period ended Sep 30, 2024. Filed Nov 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 22, 2024

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

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Contents

Consolidated Statements of Operations

	Year ended September 30,
	2024	2023	2022
(in thousands, except per common share data)
Revenue:
Product	$304,540	$331,162	$290,170
Service	119,506	113,687	98,055
Total revenue	424,046	444,849	388,225
Cost of sales:
Cost of product	144,790	161,451	140,615
Cost of service	25,537	27,233	26,027
Amortization	3,813	3,962	5,297
Total cost of sales	174,140	192,646	171,939
Gross profit	249,906	252,203	216,286
Operating expenses:
Sales and marketing	83,278	81,681	70,366
Research and development	60,289	58,648	55,098
General and administrative	58,250	61,779	58,802
Change in fair value of contingent consideration	—	—	(6,200)
Total operating expenses	201,817	202,108	178,066
Operating income	48,089	50,095	38,220
Other expense, net:
Interest expense, net	(15,415)	(25,236)	(19,690)
Debt issuance cost write off	(9,722)	—	—
Other (expense) income, net	(94)	59	98
Total other expense, net	(25,231)	(25,177)	(19,592)
Income before income taxes	22,858	24,918	18,628
Income tax expense (benefit)	353	148	(755)
Net income	$22,505	$24,770	$19,383
Net income per common share:
Basic	$0.62	$0.69	$0.55
Diluted net income per common share:
Diluted	$0.61	$0.67	$0.54
Weighted average common shares:
Basic	36,316	35,820	35,031
Diluted	36,984	36,869	35,995

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.