Digi International announces its performance for the fiscal year 2024, with annual sales of $424 million.

Digi International Inc. (headquartered in the U.S., NASDAQ: DGII), a provider of IoT (Internet of Things) connectivity products and services, recently announced its performance for the fiscal year 2024 (October 2023 to September 2024).
The performance for fiscal year 2024 (compared to fiscal year 2023) is as follows:
- Revenue was $424 million, a decrease of 5%
- Gross profit margin was 58.9%, an increase of 220 basis points
- Net income was $23 million compared to $25 million in the previous year
- Diluted earnings per share were $0.67 compared to $0.61
- Adjusted earnings per share remained at $1.99 from the previous year
- Adjusted EBITDA increased by 2% to $98 million
[Regarding fiscal year 2025]
Revenue for the first quarter is forecasted to be between $100 million and $106 million. Adjusted EBITDA is estimated to be between $24 million and $25.5 million. Adjusted earnings per share, assuming a weighted average diluted share count of 37.7 million shares, is expected to be between $0.46 and $0.50 on a diluted basis.

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