DTGI
Digerati Technologies, Inc.0.0146
-0.0007-4.58%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.90MP/E (TTM)
-Basic EPS (TTM)
-0.07Dividend Yield
0%Recent Filings
8-K
CEO returns from leave
Digerati Technologies reappointed Arthur L. Smith as CEO on August 6, 2024, ending Craig K. Clement's interim role that began during Smith's medical leave in October 2023. Smith, 59, resumes under his 2019 employment agreement while staying on the board; Clement remains executive chairman. This leadership shift restores continuity amid the company's operations. No related arrangements or conflicts disclosed.
10-Q
Q3 FY2024 results
Digerati Technologies posted Q3 FY2024 revenue of $7.4M, down 5% y/y from $7.8M, as customer count slipped 4% to 4,269 amid efforts to shed unprofitable streams. Gross margin contracted 9% y/y to $4.5M, while operating loss widened slightly to $1.2M from $1.1M, pressured by higher bad debt and legal fees yet eased by lower SG&A and amortization. Net loss ballooned to $5.3M from $2.7M, driven by a $0.5M derivative hit and $0.8M debt extinguishment charge—net loss outpaced operating by over 20%, tied to interest and fair-value swings. Cash edged up to $1.0M, with free cash flow negative at $1.5M (derived); debt stands at $81M including $2M revolver, all maturing by late 2024 under forbearance deals. No non-GAAP metrics disclosed in the 10-Q. Competition from national UCaaS providers remains a drag on retention.
10-Q
Q2 FY2024 results
Digerati Technologies posted Q2 FY2024 revenue of $7.6M, down 5% y/y from $7.9M, while gross margin held steady at 65% amid customer base trimming to 4,298 from 4,464 to shed unprofitable streams. Operating loss widened slightly to $1.6M from $1.6M y/y, but adjusted EBITDA-OPCO edged up 5% to $1.3M on tighter costs. Net loss ballooned to $4.0M from a slim $0.1M profit, driven by a $3.8M swing in derivative gains to a minor $0.03M amid fair-value remeasurements, plus interest expense ticking down 6% to $2.2M from debt discount amortization. Cash dipped to $0.8M with $0.3M from operations offsetting equipment buys and repayments; total debt stands at $51.3M under extended maturities to late 2024, with $2M revolver availability secured in February. Yet liquidity strains persist. Competition from larger UCaaS providers erodes pricing power.
8-K
Digerati Technologies, Inc. (OTC: DTGI) announced several key financial agreements and transactions aimed at strengthening its capital structure and providing operational liquidity. The company entered into a Third Forbearance Agreement with Post Road Administrative LLC, extending the maturity of its existing term loans and providing forbearance on specified defaults through November 17, 2024. Digerati also secured a new $2,000,000 revolving credit facility from Thermo Communications Funding, LLC and Aegis Venture Fund, LLC, maturing on February 2, 2025, to support working capital requirements. Furthermore, the company extended forbearance agreements with its convertible noteholders and other creditors, and completed warrant exchanges with certain investors to enhance its financial flexibility.
Digerati Technologies, Inc. has entered into a Third Forbearance Agreement and Amendment to Loan Documents, extending the maturity of its term loans to November 17, 2024, and providing forbearance from exercising remedies on specified defaults until that date. The company also secured a $2,000,000 revolving credit facility from Thermo Communications Funding, LLC and Aegis Venture Fund, LLC, maturing February 2, 2025, to support working capital needs. Additionally, Digerati extended forbearance agreements with convertible noteholders and other creditors, and exchanged warrants for common stock with certain investors.
10-Q
Q1 FY2024 results
Digerati Technologies posted Q1 FY2024 revenue of $7.7M, down 6% y/y from $8.1M, as customer count slipped 3% to 4,449, yet gross margins held steady at 67% with costs dropping 11% to $2.6M. Operating loss widened to $0.8M from $0.4M, driven by higher legal fees, while net loss narrowed to $4.1M from $5.0M thanks to a smaller derivative hit. Cash edged up to $0.9M on $0.3M operating inflow, but debt looms at $73.8M including $40.2M notes, with covenant breaches flagged. Free cash flow turned positive at $0.2M (derived). Post Road forbearance holds through December 2023. Competition from bigger cloud players remains a drag.
IPO
Website
Employees
Sector
Industry
ATNI
ATN International, Inc.
22.40+0.17
DGII
Digi International Inc.
43.94-1.25
DTEGF
Deutsche Telekom AG
31.48+0.36
FYBR
Frontier Communications Parent,
38.19-0.00
LUMN
Lumen Technologies, Inc.
8.10+0.04
NUVR
Nuvera Communications, Inc.
15.00+0.00
SANG
Sangoma Technologies Corporatio
5.03-0.17
SIFY
Sify Technologies Limited - Ame
11.56+0.26
T
AT&T Inc.
24.07-0.24
TDS
Telephone and Data Systems, Inc
37.89+0.12