Digi

Digi International, Inc. engages in the provision of business and mission-critical Internet of Things (IoT) connectivity products, services, and solutions. It operates under the IoT Products and Services and IoT Solutions segments. The IoT Products and Services segment offers products and services that help original equipment manufacturers, enterprise, and government customers and secure IoT connectivity solutions. The IoT Solutions segment includes managed network-as –a-service business via acquisition of Ventus Wireless, LLC, and affiliated entities and SmartSense by Digi business. The company was founded in 1985 and is headquartered in Hopkins, MN.

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Digi International achieves record revenues amidst supply chain challenges

Digi (DGII) sets new records but faces supply chain challenges. Optimistic about cash flow and customer experience enhancements.

Digi International reports ninth record quarter, addresses supply chain challenges

Digi International continues its growth trajectory with a focus on recurring revenue and addressing supply chain challenges. Despite short-term constraints, the company remains confident in its demand outlook and strategic positioning in the IoT market.

Digi achieves 10th record revenue quarter, eyes clean tech growth

Digi International Inc. reports strong Q3 performance with record revenue and progress towards $100 million in ARR. The company's focus on connectivity, hardware-enabled acquisitions, and clean tech markets positions it well for future growth despite challenges in supply chain and seasonality.

Digi International excels in Q4 2023, eyes IoT growth

Digi International's Q4 2023 showcased strong financial performance and strategic initiatives.
While facing short-term challenges, the company is optimistic about long-term growth prospects.
Focus on recurring revenue models and supply chain improvements are key priorities.
Strategic sales approach and market positioning bode well for future success.

Digi exceeds revenue milestone, targets $200M ARR in 5 years

Digi International Inc. demonstrated strong performance in Q1 2024 with notable ARR growth and improved cash flow generation.
While facing challenges such as pricing pressures and market dynamics, the company is strategically positioned to leverage opportunities in the industrial IoT sector.
By focusing on innovation, customer service, and a solution-oriented approach, Digi aims to achieve ambitious growth targets and enhance long-term value for stakeholders.

Digi reports record revenue and profitability, eyes $200M ARR goal

Digi's Q2 2024 performance showcased robust financial metrics and strategic advancements, positioning the company for sustained growth.
While facing challenges from cautious customers and softened top-line expectations, Digi remains focused on achieving key financial targets and driving innovation.
The industrial IoT market's promising outlook offers Digi opportunities to capitalize on its strengths and navigate challenges effectively.

Digi reports record ARR, focuses on debt reduction for growth

Digi's Q3 2024 performance reflects robust growth in ARR, bolstering margins and financial health.
The company's strategic strengths lie in debt reduction, meeting targets, and acquiring high-potential IoT firms.
While facing challenges in software attach rates and debt management, Digi is poised to seize IoT opportunities and enhance offerings.

Digi reports record ARR and aims for debt-free status

Digi International Inc. delivered strong financial performance in Q4 2024, focusing on ARR growth and cost optimization. Despite challenges like potential tariffs and flat revenue expectations, the company is well-positioned for growth and aims to strengthen its market leadership.

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Digi International, Inc. engages in providing internet of things (IoT) sensing as a service solution. It operates through the IoT Products and Services, and IoT Solutions segments. The IoT Products and Services segment offers products and services that help original equipment manufacturers, enterprise, and government customers. The IoT Solutions segment includes managed network–as–a service business via acquisition of Ventus Wireless, LLC, and affiliated entities. The company was founded in 1985 and is headquartered in Hopkins, MN.

Digi International (DGII) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Digi International (DGII) Upgraded to Strong Buy: Here's Why

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII) will release its financial results in a shareholder letter for the third fiscal quarter 2023 on Thursday, August 3, 2023, before market open, at approximately 8:00 a.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later that morning, at 10:00 a.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain you.

Digi International to Release Third Fiscal Quarter 2023 Earnings Results and Host Conference Call on August 3, 2023

Digi International has experienced strong growth and margin expansion in the information technology sector, with a market opportunity of around $64 billion. The company offers IoT products, services, and solutions, with a focus on product features, service capabilities, and competitive pricing to surpass competitors. DGII stock is a safer and more reliable investment compared to Infinera Corporation, with positive cash flows and consistent revenue growth, making it a buy under $40 per share.

Digi International: Broad Industry Demand Fuels Growth

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Digi International (DGII) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Digi International (DGII) Upgraded to Buy: Here's What You Should Know

Digi International, Inc. (NASDAQ:DGII ) Q2 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants James Loch - EVP, CFO & Treasurer Ronald Konezny - President, CEO & Director Conference Call Participants Thomas Moll - Stephens Inc. Scott Searle - ROTH MKM Anthony Stoss - Craig-Hallum Derek Soderberg - Cantor Fitzgerald & Co. Michael Walkley - Canaccord Genuity Harsh Kumar - Piper Sandler & Co. Operator Good day, and thank you for standing by. Welcome to the Digi International second fiscal quarter earnings call.

Digi International, Inc. (DGII) Q2 2023 Earnings Call Transcript

Digi International (DGII) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.41 per share a year ago.

Digi International (DGII) Beats Q2 Earnings and Revenue Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its second fiscal quarter ended March 31, 2023. Second Fiscal Quarter 2023 Results Compared to Second Fiscal Quarter 2022 Results Revenue was $111 million, an increase of 17%. Gross profit margin was 56.6% versus 54.9%. Gross profit margin excluding amortization was.

Digi International Reports Second Fiscal Quarter 2023 results

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII) will release its financial results in a shareholder letter for the second fiscal quarter 2023 on Thursday, May 4, 2023, before market open, at approximately 8:00 a.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later that morning, at 10:00 a.m. ET, to briefly discuss the results and will take questions and provide answers.

Digi International to Release Second Fiscal Quarter 2023 Earnings Results and Host Conference Call on May 4, 2023

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International, (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, today announced the launch of Digi Connect® EZ 8/16/32. This solution represents the latest in Digi's line of next-generation device servers providing secure, scalable connectivity for business, commercial, and industrial automation applications.

Digi International Bolsters Digi Connect EZ Family of Device Servers with Launch of 8/16/32 Port Options

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International Inc. provides the following information on its exposure to Silicon Valley Bank (“SVB”) being closed by the California Department of Financial Protection and Innovation (“CDFPI”) on March 10, 2023. The CDFPI has appointed the Federal Deposit Insurance Corporation (“FDIC”) as receiver of SVB. Digi has deposits of just over $2 million at SVB.

Digi International Provides Information Regarding Its Exposure to Silicon Valley Bank Being Placed Into Receivership

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Amid macroeconomic weakness and supply chain woes, the Zacks Computer - Networking industry players like CSCO, INFN and DGII are poised to benefit from accelerated 5G deployment and increasing demand for network security solutions.

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Digi had a strong start to fiscal year 2023 with balanced strength across all business units and geographies. Digi provided guidance for the second quarter of fiscal year 2023 with revenues of $105 million to $109 million and Adjusted EBITDA between $21.0 million and $22.5 million.

Digi International: Strong Start To Fiscal Year 2023, But Hold Rating Stands

All You Need to Know About Digi International (DGII) Rating Upgrade to Buy

SAN DIEGO--(BUSINESS WIRE)--Expanding its portfolio of solutions to support private cellular networks, Digi International (NASDAQ: DGII), a leading global provider of Internet of Things (IoT) solutions, connectivity products, and services, today launched new versions of its widely adopted Digi IX10 cellular router at DistribuTECH 2023. The new solution enables electric utilities to deploy private cellular networks that leverage the CBRS Band 48 shared spectrum or Anterix Band 8 900 MHz licensed spectrum.

Digi International Expands Industry-Leading Portfolio of Connectivity Solutions for Private Cellular Networks, Supporting Transmission and Distribution for Utilities

EDISON, N.J.--( BUSINESS WIRE )-- Opengear, a Digi International company (NASDAQ, DGII, www.digi.com/ ) and provider of secure and Smart Out-of-Band management solutions, today announced the expansion of its CM8100 family with the launch of two new 10GbE models, CM8196-10G and CM8148-10G. These new offerings enable the deployment of Smart Out-of-Band management at scale while reducing integration efforts and maintenance overhead. Like the rest of the CM8100 family, the new products ensure resilient remote access with enhanced security and automation.

Opengear Launches CM8100 10G Product Family to Enable Smart Out-of-Band for Hyperscalers

Digi International Inc. (NASDAQ:DGII ) Q1 2023 Earnings Conference Call February 2, 2023 10:00 AM ET Company Participants Ron Konezny - President and Chief Executive Officer Jamie Loch - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Harsh Kumar - Piper Sandler Mike Walkley - Canaccord Genuity Anthony Stoss - Craig-Hallum Scott Searle - ROTH Derek Soderberg - Cantor Fitzgerald Operator Good day, ladies and gentlemen and thank you for standing by. Welcome to the First Fiscal Quarter 2023 Digi International Incorporated Earnings Conference Call.

Digi International Inc. (DGII) Q1 2023 Earnings Call Transcript

Digi International (DGII) delivered earnings and revenue surprises of 20% and 6.18%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Digi International (DGII) Beats Q1 Earnings and Revenue Estimates

MINNEAPOLIS--( BUSINESS WIRE )--Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its first fiscal quarter ended December 31, 2022.

Digi International Reports First Fiscal Quarter 2023 results

Digi International just had an epic year and has a plan to continue its profitable expansion.

This IoT Stock Was Up Nearly 50% in 2022; Is It a Buy for 2023?

HOPKINS, Minn.--( BUSINESS WIRE )--Digi International (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) solutions, connectivity products, and services, today launched two Digi ConnectCore® software service offerings – Digi ConnectCore® Cloud Services and Digi ConnectCore® Security Services. The offerings provide greater manageability and security for devices developed with Digi's complete line of ConnectCore system-on-modules (SOMs).

Digi International Launches Digi ConnectCore® Services, Offering Software Foundation that Enables Manageability and Security of Digi ConnectCore Family of SOMs

HOPKINS, Minn.--( BUSINESS WIRE )--Digi International, (NASDAQ: DGII), a leading global provider of Internet of Things (IoT) solutions, connectivity products, and services, today launched Digi Containers, a software service that enables the development and operation of custom applications on Digi cellular routers that run DAL OS. Digi Containers leverage the Digi Remote Manager® platform as the central portal for deploying and managing these applications.

Digi International Launches Digi Containers to Improve Development, Operation, and Management of Custom Applications on Digi Cellular Routers

BOSTON--( BUSINESS WIRE )--SmartSense by Digi® , part of Digi International (NASDAQ: DGII, www.digi.com) and a leading global provider of Internet of Things (IoT) connectivity solutions, today announced the launch of its new IoT Sensing-as-a-Service open platform strategy. The strategy enables the company to configure its widely adopted IoT sensing and monitoring solutions for seamless interoperability with third-party sensing devices and enterprise management systems. The company will demo the open platform in a presentation titled “Open for YOUR Business” at NRF 2023 Retail's Big Show on January 15-17, 2023.

SmartSense by Digi to Present IoT Sensing Open Platform at NRF 2023 Retail's Big Show

HOPKINS, Minn.--( BUSINESS WIRE )--Digi International® Inc. (NASDAQ: DGII) will release its financial results in a shareholder letter for the first fiscal quarter 2023 on Thursday, February 2, 2023, before market open, at approximately 8:00 a.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later that morning, at 10:00 a.m. ET, to briefly discuss the results and will take questions and provide answers.

Digi International to Release First Fiscal Quarter 2023 Earnings Results and Host Conference Call on February 2, 2023

BOSTON--( BUSINESS WIRE )--SmartSense by Digi®, part of Digi International (NASDAQ: DGII, www.digi.com) and a leading global provider of Internet of Things (IoT) connectivity solutions, today announced a series of notable milestones signifying dynamic market momentum ahead of NRF 2023 Retail's Big Show event. The achievements are highlighted by an executive leadership shift, expanded customer relationships, new industry accolades, and the formation of two customer advisory boards. With a strong pipeline of momentum to end FY22, the company is uniquely positioned to enhance its IoT sensing and monitoring solutions and drive impactful business outcomes in 2023.

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