DIGI INTERNATIONAL INC
For the period ended Dec 31, 2024. Filed Feb 5, 2025.
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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, 2024 · Filed Feb 5, 2025
DGII$67.13+6.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three months ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (in thousands, except per share data) | ||
| Revenue: | ||
| Product | $72,785 | $77,250 |
| Service | 31,081 | 28,839 |
| Total revenue | 103,866 | 106,089 |
| Cost of sales: | ||
| Cost of product | 31,973 | 37,766 |
| Cost of service | 6,542 | 6,270 |
| Amortization | 953 | 953 |
| Total cost of sales | 39,468 | 44,989 |
| Gross profit | 64,398 | 61,100 |
| Operating expenses: | ||
| Sales and marketing | 21,757 | 19,647 |
| Research and development | 15,027 | 14,633 |
| General and administrative | 14,255 | 14,687 |
| Total operating expenses | 51,039 | 48,967 |
| Operating income | 13,359 | 12,133 |
| Other expense, net: | ||
| Interest expense, net | (2,294) | (5,661) |
| Debt issuance cost write-off | — | (9,722) |
| Other income (expense), net | 31 | (26) |
| Total other expense, net | (2,263) | (15,409) |
| Income (loss) before income taxes | 11,096 | (3,276) |
| Income tax provision (benefit) | 1,013 | (222) |
| Net income (loss) | $10,083 | $(3,054) |
| Net income (loss) per common share: | ||
| Basic | $0.27 | $(0.08) |
| Diluted | $0.27 | $(0.08) |
| Weighted average common shares: | ||
| Basic | 36,680 | 36,129 |
| Diluted | 37,483 | 36,129 |
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