Digi Intl Inc Stock Price, News & Analysis

AT&T and Digi International have partnered to offer smart traffic management solutions through NASPO contracts. The collaboration enables municipalities to efficiently upgrade aging traffic systems with minimal disruption. Key features include adaptive control, congestion detection, connected vehicles, and reliable backhaul communication. This integrated approach promises improved public safety and traffic flow while reducing maintenance costs. The solution has achieved a reliability rate of 99% in major cities like New York, positioning it as a viable choice for municipalities across the U.S.

Digi International (Nasdaq: DGII) reported a record revenue of $84.3 million for the first fiscal quarter ending December 31, 2021, marking a 15% increase year-over-year. Net income per diluted share rose to $0.03, up from $(0.01) a year earlier. Adjusted EBITDA increased by 31% to $17.0 million. The annualized recurring revenue (ARR) surged to over $88 million, a remarkable 170% growth. Looking ahead, Digi anticipates revenues between $87 million and $91 million for the second fiscal quarter, reflecting an 13% to 18% growth.

Digi International has appointed Guy Yehiav as President of its SmartSense by Digi division. With over 25 years of experience in retail, CPG, and supply chain, Yehiav has previously held key roles at Oracle and Zebra Technologies. His leadership will focus on driving growth and enhancing enterprise IoT solutions for food safety and supply chain visibility. CEO Ron Konezny expressed confidence that Yehiav's expertise aligns well with the company's goals for innovation and customer success.

Digi International (NASDAQ: DGII) has launched a new 450 MHz version of the IX20 cellular router aimed at enhancing connectivity for utilities and critical infrastructure. This router is designed to improve coverage and signal penetration in both urban and rural environments. Key features include intelligent network management, enterprise-grade security, and flexibility for various applications including Smart Grid and Smart City projects. Digi has also joined the 450 MHz Alliance to further support industrial and utility communications.

Digi International (NASDAQ: DGII) will report its financial results for Q1 2022 on Wednesday, February 2, 2022, after market close, around 4:00 p.m. ET. CEO Ron Konezny and CFO Jamie Loch will host a conference call at 5:00 p.m. ET to discuss the results and provide business insights. Participants can access the call via a live webcast on Digi's investor relations website or via teleconference after registration. A replay will be available for one week post-call. Digi is a key player in IoT solutions, having connected over 100 million devices since its founding in 1985.

Digi International, a leader in IoT connectivity, is set to showcase its innovations at CES 2022, specifically at booth 10239. The company will unveil the Digi EX50 5G router, demonstrate the Digi XBee Earth Rover, and present advancements in precision agriculture technologies. Recognized as a CES 2022 Innovation Awards honoree, Digi's CTO will participate in the IMC Smart Cities panel on January 6. Additionally, Digi's acquisition of Ventus Holdings aims to enhance its network service offerings. For more details, visit www.digi.com.

Digi International (NASDAQ: DGII) has launched the Connect EZ®, a family of device servers enhancing connectivity for business and industrial applications. This innovative solution features the Digi Navigator™ discovery tool and integrates with the Digi Accelerated Linux (DAL) operating system, facilitating reliable and easy device management. Connect EZ offers numerous benefits including improved intelligence, scalability, security, and connectivity options over cellular and Wi-Fi. Additionally, the AnywhereUSB Plus has been updated to support Wi-Fi capabilities. Both products are now available for purchase.

Digi International (NASDAQ: DGII) has appointed ISMOsys as its pan-European sales representative covering the DACH region, Nordics, Italy, France, and the U.K. ISMOsys will promote a wide range of Digi’s products, including Digi ConnectCore and Digi XBee RF modules, along with complementary support services. This partnership aims to leverage ISMOsys's extensive market knowledge to enhance Digi's reach in IoT connectivity solutions, catering to industrial, medical, and smart city applications. The collaboration reflects both companies' commitment to advancing customer connectivity solutions.