Filing Flows › Digi International (DGII) › Q4 FY24
Digi International (DGII) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 22, 2024
Digi International (DGII) reported revenue of $105M for the fourth quarter fiscal 2024 (Q4 FY24), -6% from a year earlier and -0.1% from the quarter before. Operating margin was 14.2%, net earnings $11.9M (11.3% of revenue).
Digi International, Q4 FY24: revenue $105M (-6% year over year), operating margin 14.2%, net earnings $11.9M, operating cash flow $26.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | -0.1% | -6% |
| Gross profit | $64.2M | +3% | +0.4% |
| Operating profit | $14.9M | +15% | +11% |
| Net earnings | $11.9M | +22% | +86% |
| Operating cash flow | $26.4M | +6% | +195% |
| Free cash flow | $25.5M | +4% | +202% |
What changed
Revenue was $105.1M in Q4 FY24, down 6% year over year and roughly flat from the previous quarter. Product was the largest line at 71% of revenue.
Gross margin was 61.1%, up 4.1 points from a year earlier. Operating profit was $14.9M, a 14.2% margin (up 2.2 points year over year). Operating expenses fell 2% while revenue fell 6%. Net earnings were $11.9M, up 86% year over year. The effective tax rate was 1.6%.
Operating cash flow was $26.4M (up 195% year over year), 223% of net earnings. Non-cash charges added back $14.8M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $944K left free cash flow of $25.5M.
Questions
What was Digi International's revenue in the fourth quarter fiscal 2024?
Digi International (DGII) reported revenue of $105M for the fourth quarter fiscal 2024 (Q4 FY24), -6% from a year earlier and -0.1% from the quarter before.
Was Digi International profitable in the fourth quarter fiscal 2024?
Operating profit was $14.9M (14.2% of revenue) and net earnings $11.9M.
Source: Digi International 10-K on SEC EDGAR.