Digi International Q1 revenue falls 3% to $106 million; net loss of $0.08 a share
Digi International reported first fiscal quarter 2024 revenue of $106 million, down 3% from a year earlier, and a GAAP net loss of $0.08 per diluted share, compared with net income of $0.16 per share in the prior-year quarter. The loss reflects a one-time $10 million debt issuance cost write-off, while adjusted net income per diluted share was flat at $0.48 and the company left its fiscal 2024 outlook unchanged.
Key points
- Revenue was $106 million, down 3%; gross profit margin rose 130 basis points to 57.6%.
- Net loss per diluted share was $0.08, including a $0.26 impact from a term loan debt issuance cost write-off, versus net income of $0.16 a year earlier.
- Adjusted net income per diluted share was $0.48, flat year over year; Adjusted EBITDA was $23 million, flat.
- For the second fiscal quarter, revenue is estimated at $105 million to $109 million; fiscal 2024 outlook is unchanged.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 31, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.