Welcome to our dedicated page for Digi International news (Ticker: DGII), a resource for investors and traders seeking the latest updates and insights on Digi International stock.
Digi International Inc. (DGII) is a leading global provider specializing in machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. Headquartered in Minnesota, Digi International has been a cornerstone in the field since its foundation in 1985. The company is committed to helping customers create next-generation connected products and manage critical communications infrastructures in demanding environments.
Digi International operates through two primary segments: IoT Products and Services and IoT Solutions. The IoT Products and Services segment focuses on delivering distinct communications products and communication product development services. This includes embedded modules, off-the-shelf routers, gateways, and network products that are known for their relentless reliability and exceptional performance and security.
The IoT Solutions segment caters to different needs by offering wireless temperature and environmental condition monitoring services, as well as employee task management services. This allows customers to efficiently manage their connected products and assets across a broad range of mission-critical industry applications.
Over the years, Digi International has successfully connected over 100 million devices, showcasing its extensive experience and capability in the field. The company's cloud-based software and professional services are designed to enhance the operational efficiency of its clients' connected assets. Digi's product offerings are aimed at industries that require high levels of reliability and security in their communication networks.
Geographically, Digi International generates a significant portion of its revenue from its operations in the United States. Additionally, the company has a notable presence in Europe, the Middle East, Africa, and other parts of the world. This broad geographical footprint allows Digi to serve a diverse range of customers and industries globally.
Recent Achievements and Current Projects:
- Continued expansion of IoT connectivity solutions to meet the evolving needs of various industries.
- Development of new embedded modules and off-the-shelf routers to enhance communication reliability and security.
- Investments in cloud-based software to provide better data management and analytics capabilities for clients.
- Strategic partnerships with key technology providers to drive innovation and deliver comprehensive solutions.
Whether it's through their industry-leading products or their commitment to customer success, Digi International Inc. remains at the forefront of M2M and IoT innovations.
Digi International (Nasdaq: DGII) announced plans for an underwritten public offering of its common stock, aiming to sell shares with a potential 30-day option for underwriters to purchase an additional 15%. The proceeds will be used for working capital, general corporate purposes, and possible acquisitions, although no specific agreements are in place. The offering is contingent on market conditions and detailed terms will be disclosed later. Piper Sandler is the book-running manager for this offering.
Digi International (Nasdaq: DGII) reported strong financial results for Q1 FY2021, with revenue rising to $73.1 million, a 17.4% increase from $62.3 million in Q1 FY2020. Adjusted EPS improved by 113.3% to $0.32 per diluted share. However, net loss per diluted share was ($0.01), down from a net income of $0.01 due to a $5.8 million earn-out adjustment. The IoT Solutions segment saw a 47.5% revenue increase, while IoT Products & Services increased by 13.1%, but operating income fell significantly in this segment.
Digi International (NASDAQ: DGII) has announced a multiyear agreement with Coborn's, Inc. for its SmartSense enterprise monitoring solutions. Coborn's will deploy these solutions across 58 grocery stores, 36 pharmacies, 88 semitrucks, and 28 car washes to enhance product safety and quality. The monitoring system aims to optimize labor by allowing staff to focus on customer-centric activities. The deployment also addresses food safety during transport and prevents equipment damage in cold climates. This partnership showcases Digi's innovative solutions across various sectors.
Digi International (NASDAQ: DGII) will announce its financial results for Q1 2021 on February 3, 2021, at 4:00 p.m. ET. Following the results, CEO Ron Konezny and CFO Jamie Loch will conduct a conference call at 5:00 p.m. ET to discuss the findings and provide a business update. Interested participants can access the live webcast via Digi's investor relations section or join by phone. A replay will be available for one week post-call. Digi International specializes in IoT products, helping clients manage critical communications infrastructures since 1985.
Digi International (NASDAQ: DGII) announced that CEO Ron Konezny and CFO Jamie Loch will host investor calls during a Non-Deal Roadshow on December 17, 2020, organized by Colliers International Securities. This event aims to provide insights into Digi's IoT products and services, which have connected over 100 million devices globally. For further details or to schedule meetings, interested parties should contact their Colliers representative. Digi continues to enhance its position in the IoT sector by delivering secure and reliable connectivity solutions.
SmartSense by Digi, a division of Digi International (NASDAQ: DGII), announced its collaboration with Hugo's Family Marketplace to enhance food safety through automated monitoring solutions. The supermarket chain, which operates in North Dakota and Minnesota, will implement SmartSense's temperature sensors and gateways at its upcoming 11th location. This technology will enable continuous monitoring and improve operational visibility. By digitizing processes, Hugo's aims to save time and reduce costs associated with manual checks, ultimately enhancing the customer experience and food safety management.
Digi International Inc. (Nasdaq: DGII) reported its fourth quarter and full fiscal year 2020 results, showcasing a 12.6% revenue increase to $73.2 million and a 93.9% rise in net income to $4.4 million. For the fiscal year, revenues grew 9.9% to $279.3 million, although net income fell 15.5% to $8.4 million. Adjusted EPS improved in both periods, reaching $0.32 for Q4 and $0.98 for the full year. The company highlighted its Opengear acquisition as a key growth driver, while cautioning against future guidance due to ongoing COVID-19 uncertainties.
Digi International has launched the Digi IX10, an industrial router designed for cost-effective connectivity in environments like digital signage and unattended retail. This device features global LTE Category 4 connectivity and is built for rugged conditions, fully integrating with Digi Remote Manager for enhanced device management and security through Digi TrustFence. The IX10 supports RS-232/485 and Modbus protocols, offering dual SIM slots for reliable connectivity. It is currently available in various regions, with further certifications ongoing.
Digi International (NASDAQ: DGII) has announced its schedule for upcoming virtual investor conferences in November 2020. CEO Ron Konezny and CFO Jamie Loch will participate in three conferences: the Baird Global Industrial Conference on November 11, the Roth Technology Conference on the same day, and the Craig-Hallum's 11th Annual Alpha Select Conference on November 17. These events will facilitate discussions about the company's IoT products and services, aimed at enhancing connectivity and communication infrastructures for customers.
SmartSense by Digi, the IoT Solutions division of Digi International (NASDAQ: DGII), announced that its monitoring solutions comply with CDC guidelines for COVID-19 vaccine handling. These solutions support the entire vaccine cold chain, ensuring proper temperature management. SmartSense collects over 10 million sensor readings daily across 28,000 retail pharmacy locations. The technology protects more than $2 billion in refrigerated inventory, preparing for vaccine distribution. Continuous temperature monitoring is mandated for pharmacies, and SmartSense’s technology is ready to support ultra-cold vaccine conditions.
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