Digi International Inc (DGII) Q4 2024 Earnings Call Highlights: Record ARR and Strategic Shifts ... [Yahoo! Finance]
Digi International Inc. (DGII)
Last digi international inc. earnings: 1/30 04:05 pm
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Source: Yahoo! Finance
Digi International Inc ( NASDAQ:DGII ) achieved a record annual recurring revenue (ARR) of $116 million, representing a 9% year-over-year growth. The company reached a milestone of 60% gross margins for the first time in its history, driven by its solution strategy. Operating expenses remained flat year-over-year, resulting in a record adjusted EBITDA margin. Digi International Inc ( NASDAQ:DGII ) successfully restructured its debt facility, reducing interest payments and improving cash flow. The company is on track to be net debt-free by the end of calendar year 2025, indicating strong financial management. The transition from one-time sales to multi-year solutions agreements is expected to dampen overall revenue growth. The industrial economy's health, as measured by PMI, has been in contraction for several quarters, creating uncertainty. Elongated sales cycles and smaller order patterns are resulting from COVID-induced scars, affecting revenue consistency. The comp
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DGII
News
- 5 Profitable Stocks You May Have Never Heard Of [Yahoo! Finance]Yahoo! Finance
- Results: Digi International Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates [Yahoo! Finance]Yahoo! Finance
- Digi International Full Year 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Digi International Inc. (NASDAQ: DGII) had its price target raised by analysts at Piper Sandler from $26.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
- Digi International Inc. (NASDAQ: DGII) had its "hold" rating re-affirmed by analysts at Craig Hallum. They now have a $32.00 price target on the stock, up previously from $28.00.MarketBeat
DGII
Earnings
- 11/13/24 - Beat
DGII
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 4
- 11/18/24 - Form 144
- DGII's page on the SEC website