Digi International Inc - DGII STOCK NEWS

SmartSense by Digi (NASDAQ: DGII) has launched SmartSense VOYAGE, a new IoT solution for real-time tracking and monitoring of moving assets throughout the supply chain. The system's core component is the T1 sensor, an ultra-compact, GPS-enabled device designed for temperature accuracy and global cellular connectivity.

The solution targets retail, pharmaceutical, healthcare, and food service industries, ensuring safety, quality, and compliance of high-value goods during transit. Key features include real-time visibility of location and environmental conditions, buttonless activation technology, and flexible interval configuration.

The platform enables healthcare providers to align appointments with treatment product deliveries, helps grocers reduce spoilage risk during transfers, and allows retailers to minimize losses from route deviation and theft while optimizing product availability.

Digi International (NASDAQ: DGII) has launched Digi X-ON™, an integrated edge-to-cloud IoT solution designed to simplify industrial IoT deployment. The platform combines hardware, software, and cloud connectivity into a single secure system, supporting applications in connected cities, smart utilities, industrial IoT, and smart agriculture.

A notable implementation case is FeverTags, which uses Digi X-ON to monitor livestock health, enabling early disease detection up to 72 hours before visible symptoms appear. The system can cover a 250,000-head feed yard or a 40,000-acre ranch, utilizing Digi XBee® LR for LoRaWAN technology.

The solution addresses the challenge of fragmented technology ecosystems in LoRaWAN networks deployment, offering scan-and-go provisioning and simplified integration. Digi X-ON development kits, produced by SparkFun, are now available worldwide as the industrial IoT market is projected to reach $2.5 billion by 2032.

SmartSense by Digi (NASDAQ: DGII) has announced the appointment of Stefanie Miller, Managing Director of Category Strategy and Growth at Kellanova Europe, to its Food Service Advisory Board. Miller, who joined on November 1, 2024, brings extensive experience from global brands including The Coca-Cola Company and Kellogg Company.

Miller joins existing board members from Giant Eagle, Schnuck Markets, NewRoad Capital Partners, Nutrition Core Solutions, and Clipper Advisory Group. The board focuses on consumer packaged goods (CPG) safety and aims to enhance food service and reduce risks through innovative technology.

As highlighted by Guy Yehiav, President of SmartSense by Digi, Miller's industry experience is expected to help foster a more strategic path forward for SmartSense food service solutions, particularly in areas of risk management and innovative solutions.

Digi International (DGII) has nominated two new members to its Board of Directors: Valerie Heusinkveld and Allison West Hughes. The election will be voted on at the company's annual meeting on February 3, 2025. Heusinkveld, former CFO of Cradlepoint, brings extensive financial and operational expertise in high-tech industries. West Hughes, currently Corporate Vice President at Microsoft, contributes significant experience in digital sales and marketing, particularly in subscription-based offerings.

The nominations coincide with the announced retirement of Sally Smith, who has served as director since 2018. The board changes reflect Digi's focus on expanding recurring revenue-based solutions and strengthening its position in the IoT space.

Digi International (DGII) reported its Q4 and full fiscal 2024 results with annual revenue of $424 million, representing a 5% decrease from 2023. The company achieved record end-of-quarter Annualized Recurring Revenue (ARR) of $116 million, up 9% year-over-year. Q4 revenue was $105 million, down 6%, while gross profit margin improved to 61.1%. Net income for Q4 increased to $12 million ($0.32 per share) from $6 million ($0.17 per share) in the previous year. The company generated strong cash flow from operations of $83 million for the full year and reduced its net debt to $95.7 million.

Digi International (NASDAQ: DGII) announced that its Digi Connect Sensor XRT-M, powered by Digi Axess, has received official certification for use on the T-Mobile network. The device, designed for precision agriculture, municipal water utilities, mining, and industrial gas and chemical sectors, offers cloud-based control for remote monitoring applications. The solution integrates with the Digi Axess management platform, featuring an intuitive interface for streamlined data management and enhanced operational efficiency. The T-Mobile-certified device is now available for immediate purchase.

SmartSense by Digi (NASDAQ: DGII) has achieved SOC 2 Type II certification, demonstrating its commitment to data security and protection. The certification follows a year-long review of security policies and establishes continuous monitoring systems. The company, which provides IoT connectivity solutions, maintains multiple compliance certifications including ISO 9001 and supports GxP environments. This achievement particularly benefits customers in regulated industries by removing internal approval friction and accelerating ROI.

Digi International (NASDAQ: DGII) has joined T-Mobile's Partner Plus channel subsidy program, offering its EX50 5G, TX40 5G, and IX40 5G cellular routers at reduced prices through distributors TD SYNNEX and Ingram Micro. This collaboration aims to make 5G adoption more accessible and affordable for businesses. As part of the program, T-Mobile provides a subsidy credit of up to $700 on certified Digi routers, which are integrated with Digi Remote Manager for advanced management and monitoring.

The partnership underscores both companies' commitment to facilitating digital transformation and breaking down barriers to 5G adoption. Digi's routers are designed to meet diverse business needs, providing robust, reliable, and secure 5G connectivity for various environments and use cases.

Digi International Inc. (NASDAQ: DGII) has announced the release date for its fourth fiscal quarter and full fiscal 2024 earnings results. The financial results will be disclosed on Wednesday, November 13, after market close, at approximately 4:00 p.m. ET. Following the release, CEO Ron Konezny and CFO Jamie Loch will host a conference call at 5:00 p.m. ET to discuss the results and answer questions.

Participants are encouraged to pre-register for the conference call to obtain dial-in information and are requested to join 15 minutes before the start time. A live webcast of the call will be accessible through Digi's investor relations website. A replay of the call will be available shortly after its completion and will remain accessible for approximately one year via the company's website.