Digi International Q3 revenue falls 6% to $105 million as net income rises to $10 million
Digi International reported fiscal third-quarter 2024 results for the period ended June 30, 2024, with revenue down 6% to $105 million while net income rose to $10 million from $7 million. Management said it expects fiscal 2024 revenue to fall about 5% and Adjusted EBITDA to rise about 1%, in line with prior guidance, and that Annualized Recurring Revenue (ARR) growth for the year now exceeds 5%.
Key points
- Q3 revenue was $105 million, down 6%; diluted EPS was $0.26 versus $0.18 a year earlier
- Adjusted net income per diluted share was $0.50, flat year over year
- ARR reached $113 million at quarter end, up 9%; Q4 revenue is estimated at $102 million to $106 million
- Net debt was $152 million at quarter end after revolver payments; interest expense fell to $3.2 million from $6.6 million
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing 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 August 07, 2024.
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