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Overview of Digerati Technologies Inc
Digerati Technologies Inc (symbol: DTGI) is a cloud services provider that specializes in cloud telephony and UCaaS solutions for businesses worldwide. Leveraging a carrier-grade network and innovative cloud telephony technology, the company delivers flexible, cost-effective, and reliable communication solutions that replace traditional premise-based phone systems. Their service model is built on the principle of "Only in the Cloud," ensuring that customers can access robust communication platforms from virtually any location with internet connectivity.
Core Business and Operational Excellence
Operating for over 15 years from its headquarters in San Antonio, Texas, Digerati has developed a global footprint that solidifies its position in the competitive telecommunications landscape. Their offerings include cloud PBX, cloud call centers, cloud WAN, and cloud mobile solutions tailored for the small and medium-sized business (SMB) market. By integrating advanced UCaaS features into their service, the company provides solutions that are specifically designed to meet the evolving communication needs of modern businesses.
Innovative Service Delivery
Digerati Technologies transforms the traditional business communication framework by eliminating the need for costly on-premise infrastructure. Their UCaaS model enables businesses to adopt a simplified approach to telephony, where complex setups and maintenance are handled through a seamless, cloud-based system. This innovative service delivery not only reduces capital expenditures but also enhances operational efficiencies by streamlining communication processes.
Global Carrier-Grade Network
The company’s robust network infrastructure is a key differentiator, ensuring high-quality, uninterrupted service across multiple regions. This global network allows Digerati to offer carrier-grade performance with high availability and reliability, characteristics that are critically important for businesses that depend on continuous, high-performance communication systems.
Integration and Market Position
In a highly fragmented telecommunications market, Digerati has positioned itself as a pivotal player through its comprehensive integration platform. This platform facilitates mergers and acquisitions, enabling the company to expand its service portfolio and enhance market competitiveness. The seamless integration of digital communication solutions underscores the company’s commitment to innovation and operational excellence, making it a significant participant in modern business communications.
Expertise and Trustworthiness in Telecommunications
With decades of experience, Digerati Technologies maintains a strong reputation for delivering scalable and adaptive cloud services. Their expertise is evident in their ability to meet a diverse set of customer needs, from basic telephony to complex integrated communication systems. The company’s operational model is supported by a dedicated leadership and a legacy of innovation, ensuring that their solutions remain both reliable and future-proof.
Benefits of Choosing Digerati Technologies
Cost Efficiency: By migrating communication platforms to the cloud, businesses save on the costs associated with traditional hardware and maintenance.
Scalability: The cloud-based model provides easy scalability, allowing companies to add or reduce features based on their evolving needs.
Global Reach: A globally distributed carrier-grade network ensures access to reliable telephony services regardless of location.
Integration Capability: A robust integration platform supports seamless mergers, acquisitions, and collaboration with other digital services providers in the telecommunications sector.
Conclusion
Digerati Technologies Inc exemplifies a forward-thinking approach in the telecommunications sector with its cloud-centric business model. By replacing outdated, on-premise systems with a digital, internet-based solution, the company enables businesses of all sizes to operate with enhanced flexibility, reliability, and cost efficiency. Its continued commitment to innovation, supported by a global carrier-grade network, ensures that it remains a critical contributor to the evolution of modern business communications.
Digerati Technologies, Inc. (OTCQB: DTGI) reported strong FY2022 results, with revenue rising 95% to $24.2 million and gross profit increasing 103% to $14.8 million. The gross margin improved to 61.3%. Non-GAAP Operating EBITDA reached $3.6 million, a 64% increase. For Q4 FY2022, revenue grew 116% to $8.2 million, but non-GAAP Adjusted EBITDA fell 40% to $0.3 million. The company successfully completed two acquisitions, boosting customer count significantly. Digerati aims for a NASDAQ listing to further accelerate its acquisition strategy.
Digerati Technologies, Inc. (OTCQB: DTGI) announced the appointment of Derek Gietzen as President, effective immediately. Gietzen brings over 20 years of telecommunications experience and has successfully led NextLevel Internet, a Digerati subsidiary, to consistent double-digit growth. His leadership is expected to enhance operational integration across Digerati’s subsidiaries and contribute to the company's M&A strategy. CEO Arthur L. Smith expressed confidence in Gietzen's ability to help achieve corporate goals and increase long-term shareholder value.
Digerati Technologies (OTCQB: DTGI) announced significant integration progress following the acquisitions of SkyNet and NextLevel Internet. The company recorded its highest quarterly revenue, achieving $8.163 million, a 118% increase year-over-year. Cost synergies of approximately $500K are expected to enhance profitability, leading to a gross margin of 61.3% and an OPCO EBITDA of $0.969 million. Digerati serves over 4,000 customers with a run-rate exceeding $32 million. The company anticipates further improvements as it continues to execute its integration strategy.
Digerati Technologies (OTCQB: DTGI) announced a strong financial performance for Q3 FY2022, with revenue soaring by 118% to $8.163 million and gross profit rising 125% to $5.002 million. The gross margin improved to 61.3% from 59.3%. Non-GAAP operating EBITDA reached $0.969 million, marking a significant increase compared to the previous year. The company attributed this growth to recent acquisitions, increasing its customer base from 2,612 to 3,963 and anticipating further cost synergies. Net income surged to $3.902 million, a remarkable recovery from a net loss of $12.803 million.
Digerati Technologies, Inc. (OTCQB: DTGI) has announced its participation in the LD Micro Invitational XII Investor Conference on June 8, 2022, at 12:30 PM PT. CEO Art Smith will present insights on the company's record quarterly revenue and growth strategy focusing on UCaaS solutions for small to medium-sized businesses in Florida, Texas, and California. Attendees may also arrange one-on-one meetings with Mr. Smith. Interested parties can find more details on the conference through the provided registration link.
Digerati Technologies, Inc. (OTCQB: DTGI) reported a strong second-quarter performance for FY2022, with revenues rising 21% to $4.019 million compared to $3.326 million in Q2 FY2021. Gross profit also saw a notable increase of 30%, reaching $2.466 million, while gross margin improved to 61.4% from 56.9%. The company closed the acquisition of SkyNet Telecom and NextLevel Internet, expanding its market presence. Despite a $11.047 million net loss due to increased legal fees and derivative losses, non-GAAP operating EBITDA rose to $0.591 million, indicating improved operational performance.
Digerati Technologies, Inc. (OTCQB: DTGI) announces strategic initiatives for 2022 aimed at long-term revenue growth and profitability. The company has successfully integrated recent acquisitions, including Nexogy and ActivePBX, serving over 4,000 customers with a run-rate revenue of $31.5 million. Digerati plans to enhance its UCaaS solutions and target organic growth of 5-10%. It aims to continue evaluating additional accretive acquisitions and focuses on expanding its footprint in the SMB market, with an emphasis on improving operational efficiency and customer support.
Digerati Technologies, Inc. (DTGI) announced its subsidiary NextLevel Internet has received the Great Place to Work-Certified™ designation for the third consecutive year, with 97% of employees affirming it as a great workplace, far exceeding the national average of 53%. This recognition underscores Digerati's commitment to employee experience and culture, which CEO Arthur L. Smith highlights as a key reason for acquiring NextLevel. The certification reinforces expectations of enhanced employee retention and innovation, aligning with Digerati's strategic goals in the cloud services market.
Digerati Technologies, Inc. (OTCQB: DTGI) has acquired NextLevel Internet, a provider of cloud communication and broadband solutions, enhancing its market presence in California and increasing its annual revenue to approximately $31.5 million. The acquisition adds nearly 1,000 clients and is expected to boost EBITDA and operating income for FY2022. Derek Gietzen, former President of NextLevel, joins Digerati's Executive Management Team, bringing valuable experience and strategic vision as the company aims for uplisting to Nasdaq or NYSE American.
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