Published on 7 Oct 2024 on GuruFocus.com · via Yahoo Finance
Digi International Inc (DGII) Q3 2024 Earnings Call Highlights: Record ARR and...
Annualized Recurring Revenue (ARR): $113 million, up 9% year-over-year.ARR as Percentage of Quarterly Revenues: 27%.Cash Generation: Nearly $25 million during the period.Debt Reduction: Paid down $20 million in debt this quarter; nearly $200 million in debt reduced over the last three years.Quarterly Interest Payment: $3.5 million, 43% lower than last year.Inventory Position: Reduced by $5 million.