Digi International reports Q4 adjusted EPS 52c, consensus 48c

Reports Q4 revenue $112.16M, consensus $110.28M. “Digi overcame many challenges throughout fiscal 2023. Our team remained resilient and focused on strong execution delivering record performance,” said Ron Konezny, President and CEO. “We set new fiscal year records in ARR, revenue, adjusted EBITDA and adjusted EPS. The Industrial Internet of Things market is a megatrend, large and growing. We are confident as ever in the long-term potential and opportunity in front of Digi. With our three 100 goals secured, we are poised to double ARR and A-EBITDA ($200 million) within the next five years.”