What is Digerati Technologies Inc's earnings per share (EPS)?

Digerati Technologies Inc (DTGI) reported diluted earnings per share of $-0.05 for fiscal year 2023. This represents a 0.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Digerati Technologies Inc Financials

DTGI

Source SEC Filings (10-K/10-Q) Data as of Apr 30, 2024 Currency USD FYE July

This page shows Digerati Technologies Inc (DTGI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI DTGI FY2023 2026-04-22

Revenue expansion has been debt-and-capital funded while liquidity kept tightening instead of improving with scale.

FY2021-FY2023 growth did not become self-funding: revenue rose from $12.4M to $31.6M. Yet operating cash flow stayed negative and the current ratio fell from 0.1x to 0.04x, meaning larger scale increased the financing need instead of easing it.

In FY2023, interest expense outran the operating loss: interest was $11.3M versus an operating loss of $5.1M. That says the strain is not only that the core business is unprofitable; the capital structure itself is now a major earnings drag, so revenue gains are not yet flowing through to shareholders.

The balance sheet is thin on liquid resources and heavy in non-cash assets: goodwill was $19.4M while cash was only $946K in FY2023. With negative equity and current liabilities close to total liabilities, creditors are effectively supplying the cushion that retained cash is not, which leaves little room for operating setbacks.

Financial Health Signals

Financial health score pending refresh

We are recalculating Digerati Technologies Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress

-6.34

Digerati Technologies Inc scores -6.34, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.9M) relative to total liabilities ($73.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/7

Digerati Technologies Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.39x

For every $1 of reported earnings, Digerati Technologies Inc generates $0.39 in operating cash flow (-$3.2M OCF vs -$8.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-0.4x

Digerati Technologies Inc earns $-0.4 in operating income for every $1 of interest expense (-$5.1M vs $11.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$31.6M

YoY+30.9%

5Y CAGR+73.7%

Digerati Technologies Inc generated $31.6M in revenue in fiscal year 2023. This represents an increase of 30.9% from the prior year.

EBITDA

-$1.1M

YoY-50.8%

Digerati Technologies Inc's EBITDA was -$1.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 50.8% from the prior year.

Net Income

-$8.3M

YoY-3.5%

Digerati Technologies Inc reported -$8.3M in net income in fiscal year 2023. This represents a decrease of 3.5% from the prior year.

EPS (Diluted)

$-0.05

YoY+0.0%

Digerati Technologies Inc earned $-0.05 per diluted share (EPS) in fiscal year 2023. This represents an increase of 0.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$3.7M

YoY-63.9%

Digerati Technologies Inc generated -$3.7M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 63.9% from the prior year.

Cash & Debt

$946K

YoY-9.7%

5Y CAGR+9.9%

Digerati Technologies Inc held $946K in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

162M

YoY+12.0%

Digerati Technologies Inc had 162M shares outstanding in fiscal year 2023. This represents an increase of 12.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-16.0%

YoY-0.8pp

5Y CAGR+127.3pp

Digerati Technologies Inc's operating margin was -16.0% in fiscal year 2023, reflecting core business profitability. This is down 0.8 percentage points from the prior year.

Net Margin

-26.2%

YoY+7.0pp

5Y CAGR+131.8pp

Digerati Technologies Inc's net profit margin was -26.2% in fiscal year 2023, showing the share of revenue converted to profit. This is up 7.0 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$436K

YoY+60.3%

5Y CAGR-12.1%

Digerati Technologies Inc invested $436K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 60.3% from the prior year.

DTGI Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$31.6M+30.9%	$24.2M+94.5%	$12.4M+97.7%	$6.3M+4.0%	$6.0M+201.8%	$2.0M
Cost of Revenue	N/A	N/A	N/A	N/A	$3.1M+197.1%	$1.1M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$17.8M+43.4%	$12.4M+77.1%	$7.0M+70.9%	$4.1M-2.4%	$4.2M+36.4%	$3.1M
Operating Income	-$5.1M-37.5%	-$3.7M-53.3%	-$2.4M-13.5%	-$2.1M+10.5%	-$2.4M+17.7%	-$2.9M
Interest Expense	$11.3M+89.1%	$6.0M	N/A	$7K+14.1%	$6K+101.7%	-$379K
Income Tax	$192K-54.2%	$419K+129.0%	$183K+654.5%	-$33K-170.2%	$47K+139.8%	-$118K
Net Income	-$8.3M-3.5%	-$8.0M+52.0%	-$16.7M-394.0%	-$3.4M+25.3%	-$4.5M-42.9%	-$3.2M
EPS (Diluted)	$-0.050.0%	$-0.05+61.5%	$-0.13-116.7%	$-0.06	$-0.27+12.9%	$-0.31

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$7.4M-1.8%	$7.6M-1.2%	$7.7M-0.8%	$7.7M-1.6%	$7.8M-1.3%	$7.9M-2.3%	$8.1M-0.8%	$8.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.1M-2.6%	$4.2M-0.3%	$4.2M-14.8%	$4.9M+13.7%	$4.3M-3.1%	$4.5M+7.7%	$4.1M-1.9%	$4.2M
Operating Income	-$1.2M+28.9%	-$1.6M-106.1%	-$799K+60.3%	-$2.0M-87.4%	-$1.1M+31.3%	-$1.6M-291.3%	-$400K-164.9%	-$151K
Interest Expense	$2.9M+31.4%	$2.2M-26.9%	$3.0M-4.7%	$3.2M-13.8%	$3.7M+56.1%	$2.4M+14.8%	$2.1M	N/A
Income Tax	$46K+31.4%	$35K+25.0%	$28K-56.3%	$64K+25.5%	$51K+88.9%	$27K-46.0%	$50K-62.7%	$134K
Net Income	-$4.5M-27.4%	-$3.6M+12.9%	-$4.1M-217.4%	-$1.3M+42.6%	-$2.2M-1101.8%	$224K+104.5%	-$5.0M-51.0%	-$3.3M
EPS (Diluted)	$-0.03-50.0%	$-0.02+33.3%	$-0.03	N/A	$-0.010.0%	$-0.01+66.7%	$-0.03	N/A

DTGI Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$38.4M-5.7%	$40.7M+155.2%	$15.9M+269.9%	$4.3M-3.9%	$4.5M-1.0%	$4.5M
Current Assets	$2.5M-0.1%	$2.5M+8.8%	$2.3M+80.4%	$1.3M+29.5%	$999K+15.4%	$866K
Cash & Equivalents	$946K-9.7%	$1.0M-36.3%	$1.6M+269.1%	$446K-4.9%	$469K-20.6%	$591K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$906K+7.3%	$844K+79.2%	$471K+306.0%	$116K-58.1%	$277K+43.5%	$193K
Goodwill	$19.4M0.0%	$19.4M+393.0%	$3.9M+385.3%	$810K0.0%	$810K-3.0%	$835K
Total Liabilities	$73.8M+3.5%	$71.3M+133.9%	$30.5M+346.7%	$6.8M-11.6%	$7.7M+24.4%	$6.2M
Current Liabilities	$71.9M+56.8%	$45.8M+95.9%	$23.4M+254.3%	$6.6M-10.4%	$7.4M+43.8%	$5.1M
Long-Term Debt	N/A	$250K	N/A	N/A	$283K	N/A
Total Equity	-$31.7M-11.8%	-$28.4M-107.6%	-$13.7M-551.7%	-$2.1M+27.5%	-$2.9M-100.2%	-$1.4M
Retained Earnings	-$125.8M-6.2%	-$118.4M-15.0%	-$103.0M-15.1%	-$89.4M-3.0%	-$86.8M-6.3%	-$81.7M

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$37.2M+0.4%	$37.1M-3.3%	$38.4M0.0%	$38.4M-2.6%	$39.4M-3.8%	$41.0M+0.7%	$40.7M-2.4%	$41.7M
Current Assets	$3.1M+27.2%	$2.5M-3.0%	$2.5M+9.3%	$2.3M-6.4%	$2.5M-28.1%	$3.5M+35.9%	$2.5M+1.1%	$2.5M
Cash & Equivalents	$969K+26.0%	$769K-18.7%	$946K+2.4%	$924K-7.3%	$997K-54.7%	$2.2M+110.2%	$1.0M-30.6%	$1.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.3M+21.5%	$1.0M+15.2%	$906K+21.0%	$749K-17.3%	$906K+9.4%	$828K-1.9%	$844K+35.7%	$622K
Goodwill	$19.4M0.0%	$19.4M0.0%	$19.4M0.0%	$19.4M0.0%	$19.4M0.0%	$19.4M0.0%	$19.4M0.0%	$19.4M
Total Liabilities	$81.0M+7.0%	$75.8M+2.7%	$73.8M+6.5%	$69.3M-0.5%	$69.6M+0.6%	$69.2M-2.9%	$71.3M+5.6%	$67.5M
Current Liabilities	$79.8M+7.0%	$74.6M+3.8%	$71.9M+6.3%	$67.6M-0.5%	$67.9M+53.6%	$44.2M-3.5%	$45.8M+44.0%	$31.8M
Long-Term Debt	N/A	N/A	N/A	$7.8M	N/A	N/A	$250K-50.0%	$500K
Total Equity	-$38.8M-12.6%	-$34.5M-8.8%	-$31.7M-14.8%	-$27.6M-1.2%	-$27.3M-6.2%	-$25.7M+9.4%	-$28.4M-19.3%	-$23.8M
Retained Earnings	-$133.9M-3.5%	-$129.3M-2.8%	-$125.8M-3.4%	-$121.7M-1.1%	-$120.4M-1.9%	-$118.2M+0.2%	-$118.4M-4.4%	-$113.4M

DTGI Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$3.2M-64.4%	-$2.0M-176.8%	-$708K-1411.1%	$54K+110.2%	-$527K+46.5%	-$985K
Capital Expenditures	$436K+60.3%	$272K-33.7%	$410K+382.4%	$85K+63.5%	$52K-93.7%	$831K
Free Cash Flow	-$3.7M-63.9%	-$2.2M-99.6%	-$1.1M-3506.5%	-$31K+94.6%	-$579K+68.1%	-$1.8M
Investing Cash Flow	-$436K+96.6%	-$12.9M-19.3%	-$10.8M-4994.3%	-$212K-57.0%	-$135K+91.2%	-$1.5M
Financing Cash Flow	$3.1M-79.3%	$14.9M+20.7%	$12.3M+2717.4%	$437K-35.7%	$680K-69.6%	$2.2M
Dividends Paid	$8K-57.9%	$19K-5.0%	$20K+5.3%	$19K	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	-$1.6M-3257.7%	$52K-81.6%	$282K+331.1%	-$122K+88.9%	-$1.1M+4.0%	-$1.1M-33.3%	-$858K-291.8%	-$219K
Capital Expenditures	$91K+139.5%	$38K-60.4%	$96K+409.7%	-$31K-115.3%	$203K+30.1%	$156K+44.4%	$108K+36.7%	$79K
Free Cash Flow	-$1.7M-12478.6%	$14K-92.5%	$186K+221.6%	-$153K+88.2%	-$1.3M-0.1%	-$1.3M-34.6%	-$966K-224.2%	-$298K
Investing Cash Flow	-$91K-139.5%	-$38K+60.4%	-$96K-409.7%	$31K+115.3%	-$203K-30.1%	-$156K-44.4%	-$108K-35.0%	-$80K
Financing Cash Flow	$1.9M+1112.0%	-$191K-16.5%	-$164K-1011.1%	$18K-81.1%	$95K-96.1%	$2.5M+386.1%	$505K+187.7%	-$576K
Dividends Paid	N/A	N/A	N/A	$0	$0-100.0%	$4K0.0%	$4K-20.0%	$5K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DTGI Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-16.0%-0.8pp	-15.2%+4.1pp	-19.3%+14.3pp	-33.6%+5.5pp	-39.1%+104.2pp	-143.3%
Net Margin	-26.2%+7.0pp	-33.2%+101.2pp	-134.4%-80.6pp	-53.8%+21.1pp	-74.8%+83.2pp	-158.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-21.6%-1.9pp	-19.7%+84.9pp	-104.6%-26.3pp	-78.3%+22.5pp	-100.8%-31.0pp	-69.8%
Current Ratio	0.04-0.0	0.06-0.0	0.10-0.1	0.20+0.1	0.14-0.0	0.17
Debt-to-Equity	-2.33-2.3	-0.01+2.2	-2.23+1.0	-3.26-3.2	-0.10+4.2	-4.30
FCF Margin	-11.6%-2.3pp	-9.2%-0.2pp	-9.0%-8.5pp	-0.5%+9.1pp	-9.6%+81.2pp	-90.8%

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-15.8%+6.0pp	-21.8%-11.3pp	-10.4%+15.7pp	-26.1%-12.4pp	-13.7%+6.0pp	-19.7%-14.8pp	-4.9%-3.1pp	-1.8%
Net Margin	-61.0%-14.0pp	-47.0%+6.4pp	-53.4%-36.7pp	-16.7%+11.9pp	-28.6%-31.4pp	2.8%+64.1pp	-61.3%-21.0pp	-40.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-12.2%-2.6pp	-9.6%+1.1pp	-10.7%-7.3pp	-3.4%+2.4pp	-5.7%-6.3pp	0.5%+12.8pp	-12.3%-4.3pp	-7.9%
Current Ratio	0.040.0	0.030.0	0.040.0	0.030.0	0.04-0.0	0.08+0.0	0.06-0.0	0.08
Debt-to-Equity	-2.09+0.1	-2.20+0.1	-2.33-2.0	-0.28+2.3	-2.55+0.1	-2.69-2.7	-0.01+0.0	-0.02
FCF Margin	-23.3%-23.5pp	0.2%-2.2pp	2.4%+4.4pp	-2.0%+14.6pp	-16.6%-0.2pp	-16.4%-4.5pp	-11.9%-8.2pp	-3.6%

Note: Shareholder equity is negative (-$31.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Digerati Technologies Inc's annual revenue?

Digerati Technologies Inc (DTGI) reported $31.6M in total revenue for fiscal year 2023. This represents a 30.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Digerati Technologies Inc's revenue growing?

Digerati Technologies Inc (DTGI) revenue grew by 30.9% year-over-year, from $24.2M to $31.6M in fiscal year 2023.

Is Digerati Technologies Inc profitable?

No, Digerati Technologies Inc (DTGI) reported a net income of -$8.3M in fiscal year 2023, with a net profit margin of -26.2%.

What is Digerati Technologies Inc's EBITDA?

Digerati Technologies Inc (DTGI) had EBITDA of -$1.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is Digerati Technologies Inc's operating margin?

Digerati Technologies Inc (DTGI) had an operating margin of -16.0% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Digerati Technologies Inc's net profit margin?

Digerati Technologies Inc (DTGI) had a net profit margin of -26.2% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Digerati Technologies Inc's free cash flow?

Digerati Technologies Inc (DTGI) generated -$3.7M in free cash flow during fiscal year 2023. This represents a -63.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Digerati Technologies Inc's operating cash flow?

Digerati Technologies Inc (DTGI) generated -$3.2M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Digerati Technologies Inc's total assets?

Digerati Technologies Inc (DTGI) had $38.4M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Digerati Technologies Inc's capital expenditures?

Digerati Technologies Inc (DTGI) invested $436K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does Digerati Technologies Inc have outstanding?

Digerati Technologies Inc (DTGI) had 162M shares outstanding as of fiscal year 2023.

What is Digerati Technologies Inc's current ratio?

Digerati Technologies Inc (DTGI) had a current ratio of 0.04 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

What is Digerati Technologies Inc's debt-to-equity ratio?

Digerati Technologies Inc (DTGI) had a debt-to-equity ratio of -2.33 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Digerati Technologies Inc's return on assets (ROA)?

Digerati Technologies Inc (DTGI) had a return on assets of -21.6% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Digerati Technologies Inc's cash runway?

Based on fiscal year 2023 data, Digerati Technologies Inc (DTGI) had $946K in cash against an annual operating cash burn of $3.2M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Digerati Technologies Inc's debt-to-equity ratio negative or unusual?

Digerati Technologies Inc (DTGI) has negative shareholder equity of -$31.7M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Digerati Technologies Inc's Altman Z-Score?

Digerati Technologies Inc (DTGI) has an Altman Z-Score of -6.34, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Digerati Technologies Inc's Piotroski F-Score?

Digerati Technologies Inc (DTGI) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Digerati Technologies Inc's earnings high quality?

Digerati Technologies Inc (DTGI) has an earnings quality ratio of 0.39x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Digerati Technologies Inc cover its interest payments?

Digerati Technologies Inc (DTGI) has an interest coverage ratio of -0.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.