Overview
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- TickerDTGI on OTC1
- IndustryServices-Computer Processing & Data Preparation1
- HeadquartersSan Antonio, Texas1
- Incorporated inNV3
- Business address8023 Vantage Drive, Suite 660, San Antonio, Tx 782303
- Filer categoryNon-accelerated filer, Smaller reporting company3
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Wide Area Network (“SD WAN”) solutions. Digerati Technologies, Inc. was incorporated in the State of Nevada in 1994.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Selling, general and admin56¢$17.8M
- Other costs7¢$2.3M
- Interest36¢$11.3M
- Income tax1¢$192.0K
Out of $31.6M in revenue.2 The company lost money this year.
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $280.0K5 | $193.0K6 | $2.0M7 | $6.0M8 | $6.3M9 | $12.4M10 | $24.2M2 | $31.6M2 |
| Cost of revenue | $143.0K5 | $134.0K6 | $1.1M7 | $3.1M7 | ||||
| Selling, general and admin | $1.0M5 | $914.0K6 | $3.1M7 | $4.2M8 | $4.1M9 | $7.0M10 | $12.4M2 | $17.8M2 |
| Operating expenses | $27.8M2 | $36.7M2 | ||||||
| Operating income | -$1.1M5 | -$2.2M6 | -$2.9M7 | -$2.4M8 | -$2.1M9 | -$2.4M10 | -$3.7M2 | -$5.1M2 |
| Interest | $6.4K8 | $7.3K8 | $6.0M2 | $11.3M2 | ||||
| Income tax | -$118.0K7 | $47.0K8 | -$33.0K9 | $183.0K10 | $419.0K2 | $192.0K2 | ||
| Net income | -$1.1M5 | $439.0K6 | -$3.2M7 | -$4.5M8 | -$3.4M9 | -$16.7M10 | -$8.0M2 | -$8.3M2 |
| Earnings per share | -$0.225 | $0.076 | -$0.317 | -$0.278 | -$0.069 | -$0.1310 | -$0.052 | -$0.052 |
| Earnings per share (diluted) | -$0.225 | $0.066 | -$0.317 | -$0.278 | -$0.069 | -$0.1310 | -$0.052 | -$0.052 |
| Shares (weighted, basic) | 139.6M shares2 | 151.5M shares2 | ||||||
| Shares (weighted, diluted) | 139.6M shares2 | 151.5M shares2 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Cash | $1.2M6 | $673.0K7 | $388.0K8 | $406.0K9 | $685.0K9 | $1.5M10 | $1.5M2 | $924.0K2 |
| Receivables | $622.0K2 | $749.0K2 | ||||||
| Current assets | $1.2M5 | $697.0K6 | $741.0K7 | $775.0K8 | $1.3M9 | $2.3M10 | $2.5M2 | $2.3M2 |
| Property, plant and equipment | $1.6M2 | $1.3M2 | ||||||
| Goodwill | $19.4M2 | $19.4M2 | ||||||
| Intangible assets | $15.2M2 | $12.2M2 | ||||||
| Total assets | $1.4M5 | $713.0K6 | $4.6M7 | $4.2M8 | $4.3M9 | $16.5M10 | $41.7M2 | $38.4M2 |
| Accounts payable | $3.2M2 | $5.4M2 | ||||||
| Short-term debt | $20.6K10 | |||||||
| Current liabilities | $3.7M5 | $1.2M6 | $4.5M7 | $6.6M8 | $6.6M9 | $26.6M10 | $31.8M2 | $67.6M2 |
| Long-term debt | $65.2M7 | $36.8K9 | $500.0K2 | $8.2M2 | ||||
| Long-term liabilities | $35.7M2 | $1.7M2 | ||||||
| Total liabilities | $3.8M5 | $1.4M6 | $5.6M7 | $6.9M8 | $7.0M9 | $33.4M10 | $67.5M2 | $69.3M2 |
| Retained earnings | -$113.4M2 | -$121.7M2 | ||||||
| Shareholders’ equity | -$2.4M6 | -$642.0K6 | -$793.0K7 | -$2.3M8 | -$2.2M9 | -$16.1M10 | -$23.8M2 | -$27.6M2 |
| Shares outstanding | 5.2M shares5 | 9.5M shares5 | 13.1M shares6 | 26.0M shares7 | 121.9M shares8 | 138.8M shares9 | 144.6M shares10 | 161.9M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.4M5 | -$1.0M6 | -$985.0K7 | -$527.0K8 | $54.0K9 | -$708.0K10 | -$2.0M2 | -$3.2M2 |
| Depreciation and amortization | $2.9M2 | $3.9M2 | ||||||
| Stock-based compensation | $98.0K2 | $881.0K2 | ||||||
| Capital spending | $4.0K5 | $2.0K6 | $52.0K8 | $85.0K9 | $410.0K10 | $272.0K2 | $436.0K2 | |
| Free cash flow | $1.4M | -$1.0M | -$579.0K | -$31.0K | -$1.1M | -$2.2M | -$3.7M | |
| Cash from investing | -$12.9M2 | -$436.0K2 | ||||||
| Cash from financing | $14.9M2 | $3.1M2 |
Corporate structure
Digerati Technologies, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Digerati Technologies, Inc.
- Post Road Special Opportunity Fund II LP Filed SC 13D/A on Digerati Technologies, Inc., latest Dec 21, 2021
- Digerati Technologies, Inc. San Antonio, Texas
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Digerati Technologies, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $3.3M2 Jul 31, 2023 | $2.9M2 Jul 31, 2022 | +16.2% |
| Accumulated depreciation | $2.0M2 Jul 31, 2023 | $1.2M2 Jul 31, 2022 | +62.4% |
| Property and equipment, net | $1.3M2 Jul 31, 2023 | $1.6M2 Jul 31, 2022 | −18.3% |
| Finance-lease assets | $578.0K2 Jul 31, 2023 | $62.0K2 Jul 31, 2022 | +832.3% |
| Operating-lease assets (leased space) | $1.9M2 Jul 31, 2023 | $2.4M2 Jul 31, 2022 | −21.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $924.0K2 Jul 31, 2023 | $1.5M2 Jul 31, 2022 | −38.8% |
| Long-term investments | $185.0K2 Jul 31, 2023 | $185.0K2 Jul 31, 2022 | 0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $19.4M2 Jul 31, 2023 | $19.4M2 Jul 31, 2022 | 0% |
| Intangible assets, net (excluding goodwill) | $12.2M2 Jul 31, 2023 | $15.2M2 Jul 31, 2022 | −19.6% |
| Finite-lived intangibles, gross | $20.0M2 Jul 31, 2023 | $20.0M2 Jul 31, 2022 | 0% |
| Accumulated amortization | -$7.8M2 Jul 31, 2023 | -$4.8M2 Jul 31, 2022 | −61.7% |
| Finite-lived intangibles, net | $12.2M2 Jul 31, 2023 | $15.2M2 Jul 31, 2022 | −19.6% |
Leadership
Who has led Digerati Technologies, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerArthur L. Smith Feb 10, 2010 to Apr 5, 201713
- PresidentArthur L. Smith May 8, 2006 to Feb 10, 201014
- Chief financial officerAntonio Estrada Jr. Oct 8, 2009 to Apr 5, 201715
- Chief financial officerRuben R. Caraveo Oct 8, 2009 to Oct 8, 200916
Board members and other officers (8)
- Vice PresidentRuben R. Caraveo Oct 17, 2007 to Oct 9, 200917
- ControllerAntonio Estrada Jr. Oct 25, 2006 to Oct 25, 200618
- Board memberCraig Kendall Clement Feb 17, 2015 to Apr 25, 201819
- Board memberMax Polinsky Mar 3, 2015 to Mar 3, 201520
- Board memberJohn Howell Dec 3, 2012 to Dec 3, 201221
- Board memberKelley Vance Kirker Dec 3, 2012 to Dec 3, 201222
- Board memberWilliam E. McIlwain Dec 3, 2012 to Feb 12, 201323
- Board memberArthur L. Smith May 8, 2006 to Dec 6, 201214
Former names
Timeline
- Aug 12, 20248-K Executive or director change24
- Feb 8, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares25
- Oct 6, 20238-K Executive or director change; Regulation FD disclosure26
- Sep 12, 20238-K Executive or director change27
- Aug 21, 20238-K Entered a material agreement28
- Jun 22, 20238-K Ended a material agreement29
- Jun 12, 20238-K Other events30
- Jun 5, 20238-K Entered a material agreement31
- May 31, 20238-K Other events32
- May 26, 20238-K Other events33
- May 25, 20238-K Other events34
- May 15, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares35
- Feb 10, 2010New chief executive Arthur L. Smith becomes CEO13
Calendar
When it reported results
- Jan 6, 2022Reported quarterly or annual results36
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
74 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 33 major events, 2 insider forms, 1 large holders, 26 other. The latest 20:
- Nov 8, 202415-12G EDGAR
- Oct 29, 2024NT 10-K NOTIFICATION OF LATE FILING EDGAR
- Aug 12, 20248-K CURRENT REPORT EDGAR
- Jun 14, 202410-Q QUARTERLY REPORT EDGAR
- Mar 22, 202410-Q QUARTERLY REPORT EDGAR
- Mar 18, 2024NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Feb 8, 20248-K CURRENT REPORT EDGAR
- Dec 26, 202310-Q QUARTERLY REPORT EDGAR
- Dec 18, 2023NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Nov 24, 202310-K ANNUAL REPORT EDGAR
- Oct 30, 2023NT 10-K NOTIFICATION OF LATE FILING EDGAR
- Oct 6, 20238-K CURRENT REPORT EDGAR
- Sep 13, 2023S-8 REGISTRATION STATEMENT EDGAR
- Sep 12, 20238-K CURRENT REPORT EDGAR
- Aug 21, 20238-K CURRENT REPORT EDGAR
- Jun 22, 20238-K CURRENT REPORT EDGAR
- Jun 15, 202310-Q QUARTERLY REPORT EDGAR
- Jun 15, 2023NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Jun 12, 2023425 CURRENT REPORT EDGAR
- Jun 12, 20238-K CURRENT REPORT EDGAR
The 74 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Post Road Special Opportunity Fund II LPSC 13D/A, 1 filing Dec 21, 202137
SEC filer profile
How Digerati Technologies, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDigerati Technologies, Inc.1
- CIK0001014052
- Employer ID (EIN)74-28499951
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inNevada1
- Fiscal year endsJuly 311
- Industry code (SIC)7374 Services-Computer Processing & Data Preparation1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address8023 Vantage Drive, Suite 660, San Antonio, TX 782301
- Phone(210) 614-72401
- Shares outstanding179,734,434 as of Jun 14, 202412
- Public float$19.3M as of Jan 31, 20232
- On EDGAR sinceJun 7, 19961
- Filings437 in all: 8-K (116), 10-Q (66), 4 (27), 10-K (23), 3 (16), 10-Q/A (15), 10QSB (15), 425 (13)1
All 56 form types
NT 10-K (10), NT 10-Q (10), 10-K/A (9), 8-K/A (8), DEFA14A (8), S-8 (8), DEF 14A (6), S-3/A (6), CORRESP (5), SC 13D (5), SC 13D/A (5), 3/A (4), S-3 (4), UPLOAD (4), 10KSB (3), 10QSB/A (3), PRE 14A (3), PRE 14C (3), S-1 (3), SC 13G (3), 10KSB/A (2), 4/A (2), DEF 14C (2), DEFM14A (2), RW (2), S-4 (2), S-8 POS (2), SC 13G/A (2), 10-12G (1), 10-12G/A (1), 15-12G (1), 424B1 (1), 424B3 (1), 8-A12B (1), 8-A12G (1), ARS (1), D (1), DEFR14C (1), DEL AM (1), EFFECT (1), NTN 10K (1), NTN 10Q (1), PREM14A (1), PRER14A (1), PRER14C (1), S-1/A (1), S-4/A (1), SC 14F1 (1)
- Latest filingsAnnual report (10-K) Nov 24, 2023
Quarterly report (10-Q) Jun 14, 2024
Proxy statement (DEF 14A) Jul 30, 2014
Latest 8-K (8-K) Aug 12, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARArthur L. Smith, President
- 15
- 16
- 17SEC EDGARRuben R. Caraveo, Vice President
- 18SEC EDGARAntonio Estrada Jr., Controller
- 19SEC EDGARCraig Kendall Clement, Board member
- 20SEC EDGARMax Polinsky, Board member
- 21SEC EDGARJohn Howell, Board member
- 22SEC EDGARKelley Vance Kirker, Board member
- 23SEC EDGARWilliam E. McIlwain, Board member
- 24SEC EDGARExecutive or director change
- 25
- 26
- 27SEC EDGARExecutive or director change
- 28SEC EDGAREntered a material agreement
- 29SEC EDGAREnded a material agreement
- 30SEC EDGAROther events
- 31SEC EDGAREntered a material agreement
- 32SEC EDGAROther events
- 33SEC EDGAROther events
- 34SEC EDGAROther events
- 35
- 36
- 37