Digi's Q1 Earnings Reveal Hidden Growth: ARR Hits $120M as IoT Strategy Pays Off – StockTitan

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Digi International (DGII) reported Q1 FY2025 results with revenue of $104 million, showing a 2% decrease year-over-year. The company achieved record-high Annualized Recurring Revenue (ARR) of $120 million, up 11% from the previous year. Notable improvements include a gross profit margin increase to 62.0% and net income of $10 million ($0.27 per diluted share), compared to a net loss in Q1 FY2024.
The company generated strong cash flow from operations of $30 million, reduced debt to $95 million, and maintained $25.9 million in cash. The IoT Solutions segment showed growth with $26.0 million revenue, while IoT Products & Services revenue decreased to $77.8 million. Looking forward, Digi maintains its fiscal 2025 outlook with projected 10% ARR growth and targets reaching $200 million in ARR within four years.
Digi International (DGII) ha riportato i risultati del Q1 FY2025 con un fatturato di 104 milioni di dollari, segnando una diminuzione del 2% rispetto all’anno precedente. L’azienda ha raggiunto un Ricavo Ricorrente Annuale (ARR) record di 120 milioni di dollari, in aumento dell’11% rispetto all’anno scorso. Tra i miglioramenti significativi si evidenzia un aumento del margine di profitto lordo al 62,0% e un utile netto di 10 milioni di dollari (0,27 dollari per azione diluita), rispetto a una perdita netta nel Q1 FY2024.
L’azienda ha generato un forte flusso di cassa dalle operazioni di 30 milioni di dollari, ha ridotto il debito a 95 milioni di dollari e ha mantenuto 25,9 milioni di dollari in contanti. Il segmento Soluzioni IoT ha mostrato crescita con un fatturato di 26,0 milioni di dollari, mentre il fatturato dei Prodotti e Servizi IoT è diminuito a 77,8 milioni di dollari. Guardando avanti, Digi mantiene le sue previsioni fiscali per il 2025, con una crescita prevista del 10% dell’ARR e obiettivi per raggiungere 200 milioni di dollari in ARR entro quattro anni.
Digi International (DGII) reportó resultados para el primer trimestre del FY2025 con ingresos de 104 millones de dólares, mostrando una disminución del 2% en comparación con el año anterior. La compañía logró un récord en el Ingresos Recorrentes Anuales (ARR) de 120 millones de dólares, un aumento del 11% respecto al año previo. Las mejoras notables incluyen un aumento en el margen de beneficio bruto al 62,0% y un ingreso neto de 10 millones de dólares (0,27 dólares por acción diluida), en comparación con una pérdida neta en el Q1 FY2024.
La empresa generó un fuerte flujo de efectivo operativo de 30 millones de dólares, redujo su deuda a 95 millones de dólares y mantuvo 25,9 millones de dólares en efectivo. El segmento de Soluciones IoT mostró crecimiento con ingresos de 26,0 millones de dólares, mientras que los ingresos de Productos y Servicios IoT disminuyeron a 77,8 millones de dólares. Mirando hacia el futuro, Digi mantiene su perspectiva fiscal para 2025 con un crecimiento proyectado del 10% en ARR y objetivos de alcanzar los 200 millones de dólares en ARR en cuatro años.
Digi International (DGII)는 FY2025 1분기 실적을 발표하며 1억 400만 달러의 수익을 보고하였고, 이는 전년 대비 2% 감소한 수치입니다. 회사는 연간 반복 수익(ARR)이 1억 2000만 달러로, 전년 대비 11% 증가하여 기록적인 수치를 달성했습니다. 주목할 만한 개선 사항으로는 총 이익률이 62.0%로 상승하였고, 순이익은 1000만 달러(희석주당 0.27달러)로 FY2024 1분기의 순손실과 비교됩니다.
회사는 3000만 달러의 강력한 운영 현금 흐름을 창출하였고, 부채를 9500만 달러로 줄였으며, 2590만 달러의 현금을 유지하고 있습니다. IoT 솔루션 부문은 2600만 달러의 수익으로 성장하였으나, IoT 제품 및 서비스의 수익은 7780만 달러로 감소했습니다. 앞으로 Digi는 2025 회계연도 전망을 유지하며 10% ARR 성장률을 예상하고 있으며, 4년 내에 2억 달러의 ARR에 도달하는 것을 목표로 하고 있습니다.
Digi International (DGII) a publié ses résultats pour le premier trimestre de l’exercice 2025 avec des revenus de 104 millions de dollars, ce qui représente une diminution de 2 % par rapport à l’année précédente. L’entreprise a atteint un Revenu Récurent Annuel (ARR) record de 120 millions de dollars, en hausse de 11 % par rapport à l’année précédente. Parmi les améliorations notables, on trouve une augmentation de la marge brute à 62,0 % et un bénéfice net de 10 millions de dollars (0,27 dollar par action diluée), contre une perte nette au premier trimestre de l’exercice 2024.
L’entreprise a généré un flux de trésorerie opérationnel solide de 30 millions de dollars, réduit sa dette à 95 millions de dollars, et maintenu 25,9 millions de dollars en liquidités. Le segment Solutions IoT a montré une croissance avec des revenus de 26,0 millions de dollars, tandis que les revenus des Produits et Services IoT ont diminué à 77,8 millions de dollars. En regardant vers l’avenir, Digi maintient ses prévisions fiscales pour 2025 avec une croissance prévue de 10 % de l’ARR et vise à atteindre 200 millions de dollars d’ARR d’ici quatre ans.
Digi International (DGII) hat die Ergebnisse des Q1 FY2025 mit einem Umsatz von 104 Millionen US-Dollar berichtet, was einem Rückgang von 2 % im Jahresvergleich entspricht. Das Unternehmen erzielte einen Rekordbetrag an jährlich wiederkehrenden Einnahmen (ARR) in Höhe von 120 Millionen US-Dollar, was einem Anstieg von 11 % im Vergleich zum Vorjahr entspricht. Zu den bemerkenswerten Verbesserungen gehören ein Anstieg der Bruttomarge auf 62,0 % und ein Nettogewinn von 10 Millionen US-Dollar (0,27 US-Dollar pro verwässerter Aktie), im Vergleich zu einem Nettoverlust im Q1 FY2024.
Das Unternehmen generierte einen starken operativen Cashflow in Höhe von 30 Millionen US-Dollar, reduzierte die Schulden auf 95 Millionen US-Dollar und hielt 25,9 Millionen US-Dollar in bar. Der IoT-Lösungsbereich zeigte mit einem Umsatz von 26,0 Millionen US-Dollar Wachstum, während der Umsatz der IoT-Produkte und -Dienstleistungen auf 77,8 Millionen US-Dollar zurückging. Ausblickend hält Digi seine Prognose für das Geschäftsjahr 2025 mit einem zu erwartenden ARR-Wachstum von 10 % und dem Ziel, innerhalb von vier Jahren 200 Millionen US-Dollar ARR zu erreichen.
Digi International’s Q1 FY2025 results reveal a compelling transformation toward higher-quality earnings, despite top-line pressure. While revenue contracted 2% to $104M, the company’s strategic pivot to recurring revenue is bearing fruit, evidenced by the 11% ARR growth to $120M.
The standout metrics paint a picture of improving business fundamentals:

• Gross margin expansion of 440bps to 62.0% reflects successful product mix optimization and operational efficiency
• Cash flow from operations surged 58% to $30M, demonstrating enhanced working capital management
• Net debt reduction to $69.1M strengthens the balance sheet and provides strategic flexibility

Segment performance reveals contrasting dynamics: IoT Solutions showed resilience with 9% ARR growth, while IoT Products & Services faced near-term headwinds from customer inventory normalization. The company’s ambitious target of $200M in ARR within four years, representing a 67% increase from current levels, appears achievable given the robust expansion in both SmartSense and Ventus platforms.
The margin profile improvement, particularly in IoT Solutions at 72.2%, suggests a sustainable shift toward higher-value offerings. This transition, combined with disciplined capital allocation and M&A strategy focused on scale and ARR, positions Digi for enhanced shareholder value creation despite macro uncertainties.
Revenue of $104M, Record End of Quarter ARR of $120M
Cash Flow From Operations of $30M
MINNEAPOLIS–(BUSINESS WIRE)– Digi International^® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things (“IoT”) products, services and solutions, today announced its financial results for its first fiscal quarter ended December 31, 2024.
First Fiscal Quarter 2025 Results Compared to First Fiscal Quarter 2024 Results
Reconciliations of non-GAAP financial measures to their closest GAAP analogues appear at the end of this release.
“Digi is off to a great start completing the first quarter of fiscal 2025. This is especially heartening in the context of a weak industrial economy. Our focus on IoT solutions that deliver ROI drove double digit year over year ARR growth,” stated Ron Konezny, President and CEO. “Strong cash generation, in a capital light business model, enabled a reduction in our debt balance strengthening our balance sheet. We celebrate our 40th anniversary this year. Our adaptability, resilience, innovation and commitment to service that have enabled our success over the past four decades will continue play a critical role enabling our bright future.”
Additional Financial Highlights
Segment Results
IoT Product & Services
The segment’s first fiscal quarter 2025 revenue of $77.8 million decreased $4.2 million, as compared to the same period in the prior fiscal year. This decrease consisted of a $4.7 million decline in one-time sales, with no material impact from pricing. This was driven by lower demand for some products, as some customers bled down inventory stockpiled from when supply chains were stressed. This decrease was partially offset by $0.5 million of recurring revenue growth. ARR as of the end of the first fiscal quarter was $27 million, an increase of 17% from the prior fiscal year. This increase was due to growth in the subscription base across extended warranty offerings and remote management platforms. Gross profit margin increased 510 basis points to 58.6% of revenue for the first fiscal quarter of 2025, driven by a favorable margin mix among product sales partially offset by an increase in inventory related adjustments.
IoT Solutions
The segment’s first fiscal quarter 2025 revenue of $26.0 million increased $2.0 million, as compared to the same period in the prior fiscal year, consisting of a $2.1 million increase in recurring revenue, driven by growth in both SmartSense and Ventus, partially offset by a $0.1 million decrease in one-time sales. ARR as of the end of the first fiscal quarter was $93 million, an increase of 9% from the prior fiscal year driven by growth in both SmartSense and Ventus. Gross profit margins increased 60 basis points to 72.2% in the first fiscal quarter of 2025. This increase was the result of growth in higher margin ARR subscription revenues.
Capital Allocation Strategy
We intend to deleverage the company while seeking optimal inventory levels as our supply chain continues to normalize.
Acquisitions remain a top capital priority for Digi. We will be disciplined in our approach and act when we believe an opportunity is appropriate to execute in the context of prevailing market conditions. We are evolving and monitoring our acquisition pipeline, and we intend to focus more on scale and ARR.
Second Fiscal Quarter 2025 and Full-Year 2025 Guidance
ARR is our top priority, delivering high-value solutions that empower our customers to achieve their most critical objectives. With resilient execution in the rapidly expanding Industrial Internet of Things market, Digi aims to grow ARR and Adjusted EBITDA to $200 million within the next four years. Strategic acquisitions aligned with these key metrics could accelerate this timeline, unlocking even greater value.
The current dynamic political landscape introduces new uncertainty regarding economic policies, regulation, and taxation, impacting market conditions. In addition, continued macroeconomic headwinds, particularly in industrial markets, means adaptability is more crucial than ever. Demand for Digi’s solutions remains strong as we deliver meaningful ROI for our customers and helps them succeed in rapidly changing environments.
Our outlook for fiscal 2025 remains unchanged, with ARR growing approximately 10%, while our revenue and Adjusted EBITDA projects to be flat year over year. For the second fiscal quarter, revenues are estimated to be $102 million to $106 million. Adjusted EBITDA is estimated to be between $24.0 million and $25.5 million. Adjusted net income per share is anticipated to be between $0.46 and $0.50 per diluted share, assuming a weighted average diluted share count of 37.8 million shares.
We provide guidance or longer-term targets for Adjusted net income per share as well as Adjusted EBITDA targets on a non-GAAP basis. We do not reconcile these items to their most similar U.S. GAAP measure as it is difficult to predict without unreasonable efforts numerous items that include but are not limited to the impact of foreign exchange translation, restructuring, interest and certain tax related events. Given the uncertainty, any of these items could have a significant impact on U.S. GAAP results.
First Fiscal Quarter 2025 Conference Call Details
As announced on January 16, 2025, Digi will discuss its first fiscal quarter and full fiscal 2024 results on a conference call on Wednesday, February 5, 2025 at approximately 5:00 p.m. ET (4:00 p.m. CT). The call will be hosted by Ron Konezny, President and Chief Executive Officer and Jamie Loch, Chief Financial Officer.
Participants may register for the conference call at: https://register.vevent.com/register/BIaf7c06375e7140f4a74afd2bbdc840d9. Once registration is completed, participants will be provided a dial-in number and passcode to access the call. All participants are asked to dial-in 15 minutes prior to the start time.
Participants may access a live webcast of the conference call through the investor relations section of Digi’s website, https://digi.gcs-web.com/ or the hosting website at: https://edge.media-server.com/mmc/p/dot4kzy5/.
A replay will be available within approximately two hours after the completion of the call for approximately one year. You may access the replay via webcast through the investor relations section of Digi’s website.
A copy of this earnings release can be accessed through the financial releases page of the investor relations section of Digi’s website at www.digi.com.
For more news and information on us, please visit www.digi.com/aboutus/investorrelations.
About Digi International
Digi International (Nasdaq: DGII) is a leading global provider of IoT connectivity products, services and solutions. We help our customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, we’ve helped our customers connect over 100 million things and growing. For more information, visit Digi’s website at www.digi.com.
Forward-Looking Statements
This press release contains forward-looking statements that are based on management’s current expectations and assumptions. These statements often can be identified by the use of forward-looking terminology such as “assume,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “project,” “should,” or “will” or the negative thereof or other variations thereon or similar terminology. Among other items, these statements relate to expectations of the business environment in which Digi operates, projections of future performance, inventory levels, perceived marketplace opportunities, debt repayments, attributions of potential acquisitions and statements regarding our mission and vision. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions. Among others, these include risks related to ongoing and varying inflationary and deflationary pressures around the world and the monetary and trade policies of governments globally as well as present and ongoing concerns about a potential recession, the potential for longer than expected sales cycles, the ability of companies like us to operate a global business in such conditions as well as negative effects on product demand and the financial solvency of customers and suppliers in such conditions, risks related to ongoing supply chain challenges that continue to impact businesses globally, regulatory risks that include, but are not limited to, the potential expansion of tariffs, risks related to cybersecurity, risks arising from the present military conflicts in Ukraine and the Middle East, the highly competitive market in which our company operates, rapid changes in technologies that may displace products sold by us, declining prices of networking products, our reliance on distributors and other third parties to sell our products, the potential for significant purchase orders to be canceled or changed, delays in product development efforts, uncertainty in user acceptance of our products, the ability to integrate our products and services with those of other parties in a commercially accepted manner, potential liabilities that can arise if any of our products have design or manufacturing defects, our ability to integrate and realize the expected benefits of acquisitions, our ability to defend or settle satisfactorily any litigation, the impact of natural disasters and other events beyond our control that could negatively impact our supply chain and customers, potential unintended consequences associated with restructuring, reorganizations or other similar business initiatives that may impact our ability to retain important employees or otherwise impact our operations in unintended and adverse ways, and changes in our level of revenue or profitability which can fluctuate for many reasons beyond our control. These and other risks, uncertainties and assumptions identified from time to time in our filings with the United States Securities and Exchange Commission, including without limitation, those set forth in Item 1A, Risk Factors, of our Annual Report on Form 10-K for the year ended September 30, 2024, subsequent filings on Form 10-Q and other filings, could cause our actual results to differ materially from those expressed in any forward-looking statements made by us or on our behalf. Many of such factors are beyond our ability to control or predict. These forward-looking statements speak only as of the date for which they are made. We disclaim any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Presentation of Non-GAAP Financial Measures
This release includes adjusted net income, adjusted net income per diluted share and Adjusted EBITDA, each of which is a non-GAAP measure.
We understand that there are material limitations on the use of non-GAAP measures. Non-GAAP measures are not substitutes for GAAP measures, such as net income, for the purpose of analyzing financial performance. The disclosure of these measures does not reflect all charges and gains that were actually recognized by Digi. These non-GAAP measures are not in accordance with, or an alternative for measures prepared in accordance with, generally accepted accounting principles and may be different from non-GAAP measures used by other companies or presented by us in prior reports. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. We believe that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP. We believe these measures should only be used to evaluate our results of operations in conjunction with the corresponding GAAP measures. Additionally, Adjusted EBITDA does not reflect our cash expenditures, the cash requirements for the replacement of depreciated and amortized assets, or changes in or cash requirements for our working capital needs.
We believe that providing historical and adjusted net income and adjusted net income per diluted share, respectively, exclusive of such items as reversals of tax reserves, discrete tax benefits, restructuring charges and reversals, intangible amortization, stock-based compensation, other non-operating income/expense, changes in fair value of contingent consideration, acquisition-related expenses and interest expense related to acquisitions permits investors to compare results with prior periods that did not include these items. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends and to gain an understanding of our comparative operating performance. In addition, certain of our stockholders have expressed an interest in seeing financial performance measures exclusive of the impact of these matters, which while important, are not central to the core operations of our business. Management believes that Adjusted EBITDA, defined as EBITDA adjusted for stock-based compensation expense, acquisition-related expenses, restructuring charges and reversals, and changes in fair value of contingent consideration, is useful to investors to evaluate our core operating results and financial performance because it excludes items that are significant non-cash or non-recurring items reflected in the Condensed Consolidated Statements of Operations. We believe that the presentation of Adjusted EBITDA as a percentage of revenue is useful because it provides a reliable and consistent approach to measuring our performance from year to year and in assessing our performance against that of other companies. We believe this information helps compare operating results and corporate performance exclusive of the impact of our capital structure and the method by which assets were acquired.
Digi International Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)
 
Three months ended December 31,
 
 
2024
 
 
 
2023
 
Revenue
$
103,866
 
 
$
106,089
 
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
 
Operating expenses
 
51,039
 
 
 
48,967
 
Operating income
 
13,359
 
 
 
12,133
 
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
 
Digi International Inc.
Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)
 
December 31,
2024
 
September 30,
2024
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
25,935
 
$
27,510
Accounts receivable, net
 
64,928
 
 
69,640
Inventories
 
50,184
 
 
53,357
Prepaid expenses and other current assets
 
4,827
 
 
3,940
Total current assets
 
145,874
 
 
154,447
Non-current assets
 
650,239
 
 
660,628
Total assets
$
796,113
 
$
815,075
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
Current liabilities:
 
 
 
Accounts payable
 
27,049
 
 
23,759
Other current liabilities
 
63,290
 
 
65,578
Total current liabilities
 
90,339
 
 
89,337
Long-term debt
 
94,952
 
 
123,185
Other non-current liabilities
 
20,147
 
 
21,518
Non-current liabilities
 
115,099
 
 
144,703
Total liabilities
 
205,438
 
 
234,040
Total stockholders’ equity
 
590,675
 
 
581,035
Total liabilities and stockholders’ equity
$
796,113
 
$
815,075
Digi International Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
 
Three months ended December 31,
 
 
2024
 
 
 
2023
 
Net cash provided by operating activities
$
29,719
 
 
$
18,672
 
Net cash used in investing activities
 
(577
)
 
 
(292
)
Net cash used in financing activities
 
(30,540
)
 
 
(20,376
)
Effect of exchange rate changes on cash and cash equivalents
 
(177
)
 
 
1,851
 
Net decrease in cash and cash equivalents
 
(1,575
)
 
 
(145
)
Cash and cash equivalents, beginning of period
 
27,510
 
 
 
31,693
 
Cash and cash equivalents, end of period
$
25,935
 
 
$
31,548
 
Non-GAAP Financial Measures
TABLE 1
Reconciliation of Net Income (Loss) to Adjusted EBITDA
(In thousands)
 
Three months ended December 31,
 
2024
 
2023
 
 
 
% of total
revenue
 
 
 
% of total
revenue
Total revenue
$
103,866
 
100.0
%
 
$
106,089
 
 
100.0
%
 
 
 
 
 
 
 
 
Net income (loss)
$
10,083
 
 
 
$
(3,054
)
 
 
Interest expense, net
 
2,294
 
 
 
 
5,661
 
 
 
Debt issuance cost write-off
 
—
 
 
 
 
9,722
 
 
 
Income tax provision (benefit)
 
1,013
 
 
 
 
(222
)
 
 
Depreciation and amortization
 
8,500
 
 
 
 
8,051
 
 
 
Stock-based compensation expense
 
3,560
 
 
 
 
3,106
 
 
 
Restructuring charge
 
159
 
 
 
 
103
 
 
 
Acquisition expense, net
 
—
 
 
 
 
(61
)
 
 
Adjusted EBITDA
$
25,609
 
24.7
%
 
$
23,306
 
 
22.0
%
TABLE 2
Reconciliation of Net Income (Loss) and Net Income (Loss) per Diluted Share to
Adjusted Net Income and Adjusted Net Income per Diluted Share
(In thousands, except per share amounts)
 
Three months ended December 31,
 
2024
 
 
2023
 
Net income (loss) and net income (loss) per diluted share
$
10,083
 
 
$
0.27
 
 
$
(3,054
)
 
$
(0.08
)
Amortization
 
5,765
 
 
 
0.15
 
 
 
6,238
 
 
 
0.17
 
Stock-based compensation expense
 
3,560
 
 
 
0.09
 
 
 
3,106
 
 
 
0.08
 
Other non-operating (income) expense
 
(31
)
 
 
—
 
 
 
26
 
 
 
—
 
Acquisition expense, net
 
—
 
 
 
—
 
 
 
(61
)
 
 
—
 
Restructuring charge
 
159
 
 
 
—
 
 
 
103
 
 
 
—
 
Interest expense, net
 
2,294
 
 
 
0.06
 
 
 
5,661
 
 
 
0.15
 
Debt issuance cost write-off
 
—
 
 
 
—
 
 
 
9,722
 
 
 
0.26
 
Tax effect from the above adjustments ⁽¹⁾
 
(2,736
)
 
 
(0.07
)
 
 
(3,913
)
 
 
(0.11
)
Discrete tax benefits ⁽²⁾
 
(362
)
 
 
(0.01
)
 
 
(182
)
 
 
—
 
Adjusted net income and adjusted net income per diluted share ⁽³⁾
$
18,732
 
 
$
0.50
 
 
$
17,646
 
 
$
0.48
 
Diluted weighted average common shares
 
 
 
37,483
 
 
 
 
 
36,715
 
(1)
The tax effect from the above adjustments assumes an estimated effective tax rate of 18.0% for fiscal 2025 and 2024 based on adjusted net income.
(2)
For the three and twelve months ended December 31, 2024 and 2023 discrete tax benefits are a result of changes in excess tax benefits recognized on stock compensation.
(3)
Adjusted net income per diluted share may not add due to the use of rounded numbers.
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250205337821/en/
Investor Contact:

Rob Bennett

Investor Relations

Digi International

952-912-3524

Email: rob.bennett@digi.com
Source: Digi International

What was DGII's Q1 2025 revenue and how did it compare to last year?

How much did DGII's Annualized Recurring Revenue (ARR) grow in Q1 2025?

What is DGII's debt position as of Q1 2025?

What is DGII's ARR growth target for the next four years?

What is DGII's revenue guidance for Q2 2025?

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