Digi International reports Q3 EPS 53c, consensus 50c

Reports Q3 revenue $108M, consensus $106.2M. “Digi remains steadfast on execution, delivering reliable, secure, and scalable solutions for our customers. Our offerings save money and demonstrate compelling ROI,” stated Ron Konezny, President and CEO. “Despite the dynamic geopolitical environment, Digi realized double-digit year-over-year ARR growth and we improved our profitability. Our strong cash flow and normalizing inventory allowed us to pay down $30 million of debt. Digi’s exceptional team demonstrated resilience and adaptability powering these record results.”