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Digi International Inc - DGII STOCK NEWS

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.

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Digi International Launches Digi LifeCycle Assurance to Enhance Service and Support for IoT Connectivity Products, Providing Proactive Solutions for Improved Performance and Security
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Opengear, a Digi International company, launches an enhanced Technical Certification Program to empower IT professionals and network engineers with the skills needed to manage complex network infrastructures effectively. The program aims to address evolving network challenges and provide global accessibility through practical application, cost-free learning, and empowerment for channel organizations.
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Opengear, a Digi International Inc. company, launches Smart Management Fabric, enhancing its Network Resilience platform with dynamic routing-based IP access. The new feature allows users to connect to and manage resources efficiently, supporting various technologies. Opengear aims to provide secure and resilient access to IT resources, redefining out-of-band management.
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Digi International Inc. launches Digi IX40, a 5G edge computing industrial IoT cellular router solution integrated with Digi Remote Manager® to enhance Industry 4.0 applications. The solution supports 5G connectivity, edge intelligence, and real-time data processing for critical industrial use cases.
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Digi International Inc. (Nasdaq: DGII) reported a 3% decrease in revenue to $106 million for the first fiscal quarter of 2024. However, Annualized Recurring Revenue (ARR) surged to $108 million, surpassing quarterly revenue for the first time. The company achieved a gross profit margin of 57.6% and adjusted EBITDA of $23 million. Cash flow from operations was $19 million, driven by a significant reduction in debt and inventory levels. The IoT Product & Services segment experienced a 3% revenue decline but saw a 64% increase in ARR, while the IoT Solutions segment reported a 4% decrease in revenue but a 4% increase in ARR. The company aims to achieve $200 million of ARR and $200 million of adjusted EBITDA within the next five years.
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Digi International Inc. (NASDAQ: DGII) will release its financial results for the first fiscal quarter 2024 on January 31, 2024, after market close. CEO Ron Konezny and CFO Jamie Loch will host a conference call the following morning to discuss the results and take questions. Participants can access the live webcast and a replay through Digi's website.
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SparkFun, a Digi International Value-Added Reseller (VAR) for OEMs, launches a series of developer boards combining Digi XBee modules with SparkFun's Qwiic Connect Ecosystem. The collaboration aims to bring I2C-based rapid-prototyping tools to a wide range of users, from hobbyists to professional R&D developers. SparkFun also releases MicroPython libraries for Qwiic Sensors and will sell XBee modules as standalone products. The collaboration signifies the promise of future content collaborations between the two companies, including projects and tutorials for new cellular IoT applications.
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Digi International Inc. (Nasdaq: DGII) has entered into a new senior secured credit facility, replacing the existing Term B loan with a $250 million senior secured revolving credit facility. The new facility is expected to save approximately $4 million in interest payments over the first year, with an initial interest rate of SOFR + 250 bps on the revolver, leading to a 300 bps interest savings annually. The company remains committed to aggressively paying down the debt and delivering strong financial results in FY24.
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Opengear, a Digi International company (DGII), releases research showing 97% of US CIOs have serious concerns about network resilience
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DGII: Digi International Announces Record Annual Revenue of $445M and End of Quarter ARR of $106M, with Full Year EPS of $0.67 and Adjusted EPS of $1.99. The company also discusses its fiscal 2023 results, segment performance, financial highlights, and capital allocation strategy.
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FAQ

What is the current stock price of Digi International (DGII)?

The current stock price of Digi International (DGII) is $30.79 as of December 26, 2024.

What is the market cap of Digi International (DGII)?

The market cap of Digi International (DGII) is approximately 1.1B.

What does Digi International Inc. specialize in?

Digi International specializes in machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services.

When was Digi International Inc. founded?

Digi International Inc. was founded in 1985.

What are the main segments of Digi International Inc.?

The main segments are IoT Products and Services and IoT Solutions.

Where is Digi International Inc. headquartered?

Digi International Inc. is headquartered in Minnesota, USA.

What products does the IoT Products and Services segment offer?

This segment offers embedded modules, off-the-shelf routers, gateways, and network products.

What services are provided under the IoT Solutions segment?

The IoT Solutions segment offers wireless temperature and environmental condition monitoring services and employee task management services.

How many devices has Digi International connected?

Digi International has connected over 100 million devices.

What regions does Digi International Inc. operate in?

Digi International operates mainly in the United States and also has a presence in Europe, the Middle East, Africa, and other parts of the world.

What recent achievements has Digi International Inc. made?

Recent achievements include expanding IoT connectivity solutions, developing new embedded modules and routers, investing in cloud-based software, and forming strategic partnerships.

What is the main revenue source for Digi International Inc.?

The main revenue source for Digi International Inc. is the IoT Products & Services segment.

Digi International Inc

Nasdaq:DGII

DGII Rankings

DGII Stock Data

1.12B
36.16M
2.61%
101.56%
7.59%
Communication Equipment
Computer Communications Equipment
Link
United States of America
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