Digi

Digi International, Inc. engages in the provision of business and mission-critical Internet of Things (IoT) connectivity products, services, and solutions. It operates under the IoT Products and Services and IoT Solutions segments. The IoT Products and Services segment offers products and services that help original equipment manufacturers, enterprise, and government customers and secure IoT connectivity solutions. The IoT Solutions segment includes managed network-as –a-service business via acquisition of Ventus Wireless, LLC, and affiliated entities and SmartSense by Digi business. The company was founded in 1985 and is headquartered in Hopkins, MN.

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Earnings data Q3 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Digi International achieves record revenues amidst supply chain challenges

Digi (DGII) sets new records but faces supply chain challenges. Optimistic about cash flow and customer experience enhancements.

Digi International reports ninth record quarter, addresses supply chain challenges

Digi International continues its growth trajectory with a focus on recurring revenue and addressing supply chain challenges. Despite short-term constraints, the company remains confident in its demand outlook and strategic positioning in the IoT market.

Digi achieves 10th record revenue quarter, eyes clean tech growth

Digi International Inc. reports strong Q3 performance with record revenue and progress towards $100 million in ARR. The company's focus on connectivity, hardware-enabled acquisitions, and clean tech markets positions it well for future growth despite challenges in supply chain and seasonality.

Digi International excels in Q4 2023, eyes IoT growth

Digi International's Q4 2023 showcased strong financial performance and strategic initiatives.
While facing short-term challenges, the company is optimistic about long-term growth prospects.
Focus on recurring revenue models and supply chain improvements are key priorities.
Strategic sales approach and market positioning bode well for future success.

Digi exceeds revenue milestone, targets $200M ARR in 5 years

Digi International Inc. demonstrated strong performance in Q1 2024 with notable ARR growth and improved cash flow generation.
While facing challenges such as pricing pressures and market dynamics, the company is strategically positioned to leverage opportunities in the industrial IoT sector.
By focusing on innovation, customer service, and a solution-oriented approach, Digi aims to achieve ambitious growth targets and enhance long-term value for stakeholders.

Digi reports record revenue and profitability, eyes $200M ARR goal

Digi's Q2 2024 performance showcased robust financial metrics and strategic advancements, positioning the company for sustained growth.
While facing challenges from cautious customers and softened top-line expectations, Digi remains focused on achieving key financial targets and driving innovation.
The industrial IoT market's promising outlook offers Digi opportunities to capitalize on its strengths and navigate challenges effectively.

Digi reports record ARR, focuses on debt reduction for growth

Digi's Q3 2024 performance reflects robust growth in ARR, bolstering margins and financial health.
The company's strategic strengths lie in debt reduction, meeting targets, and acquiring high-potential IoT firms.
While facing challenges in software attach rates and debt management, Digi is poised to seize IoT opportunities and enhance offerings.

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Digi International, Inc. engages in providing internet of things (IoT) sensing as a service solution. It operates through the IoT Products and Services, and IoT Solutions segments. The IoT Products and Services segment offers products and services that help original equipment manufacturers, enterprise, and government customers. The IoT Solutions segment includes managed network–as–a service business via acquisition of Ventus Wireless, LLC, and affiliated entities. The company was founded in 1985 and is headquartered in Hopkins, MN.

Digi International Inc. (DGII) Q1 2024 Earnings Call Transcript

MINNEAPOLIS--(BUSINESS WIRE)--Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its first fiscal quarter ended December 31, 2023. First Fiscal Quarter 2024 Results Compared to First Fiscal Quarter 2023 Results Revenue was $106 million, a decrease of 3%. Gross profit margin was 57.6%, an increase of 130 basis points. Net loss per diluted share w.

Digi International Reports First Fiscal Quarter 2024 Results

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII) will release its financial results for the first fiscal quarter 2024 on Wednesday, January 31, 2024, after market close. This is a change from publishing our earnings release the same morning as our earnings conference call. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call the following morning, February 1, 2024, at 10:00 a.m. ET, to briefly discuss the results and will take questions and provide answers.

Digi International to Release First Fiscal Quarter 2024 Earnings Results on January 31, 2024 and Host a Conference Call on February 1, 2024

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SparkFun and Digi International Announce Collaboration with the Release of XBee Development Tools to Support Cellular IoT from Sensor to Cloud

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MINNEAPOLIS--(BUSINESS WIRE)--Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced it has entered into a new senior secured credit facility. The new bank debt provides Digi a $250 million senior secured revolving credit facility with an accordion feature that provides for additional borrowing capacity of the greater of $95 million or one hundred percent of trailing twelve.

Digi International Enters into New Senior Secured Credit Facility

Recent acquisitions boosted both revenues and profit margins. Revenue growth is expected to slow down after some strong years. Interest expenses have reached worrying levels due to a higher debt load and rising interest rates.

Digi International: Patient Investors Will Likely Be Rewarded

Digi International Inc. (NASDAQ:DGII ) Q4 2023 Earnings Conference Call November 9, 2023 10:00 AM ET Company Participants Jamie Loch - Chief Financial Officer Ron Konezny - President and CEO Conference Call Participants Tommy Moll - Stephens Mike Walkley - Canaccord Genuity Scott Searle - ROTH MKM Robert Aguanno - Piper Sandler Anthony Stoss - Craig-Hallum Greg Mesniaeff - Westpark Capital Operator Good day. And welcome to the Digi International Fiscal Fourth Quarter 2023 Earnings Conference Call.

Digi International Inc. (DGII) Q4 2023 Earnings Call Transcript

MINNEAPOLIS--(BUSINESS WIRE)--Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its fourth fiscal quarter ended September 30, 2023. Fourth Fiscal Quarter 2023 Results Compared to Fourth Fiscal Quarter 2022 Results Revenue was $112 million, an increase of 6%. Gross profit margin was 57.1%, an increase of 130 basis points. Net income per diluted.

Digi International Reports Fourth Fiscal Quarter and Full Fiscal 2023 Results

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HOPKINS, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII) will release its financial results for the fourth fiscal quarter and full fiscal 2023 on Thursday, November 9, 2023, before market open, at approximately 8:00 a.m. ET. Beginning this quarter, Digi is combining its shareholder letter and earnings release into an extended earnings release. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later that morning, at 10:00 a.m. ET, to briefly discuss the results a.

Digi International to Release Fourth Fiscal Quarter and Full Fiscal 2023 Earnings Results and Host Conference Call on November 9, 2023

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Digi International Inc. (NASDAQ:DGII ) Q3 2023 Results Conference Call August 3, 2023 10:00 AM ET Company Participants Jamie Loch - EVP, CFO & Treasurer Ron Konezny - President, CEO & Director Conference Call Participants Tommy Moll - Stephens Inc Mike Walkley - Canaccord Genuity Harsh Kumar - Piper Sandler Scott Searle - ROTH MKM Derek Soderberg - Cantor Fitzgerald Operator Good day and thank you for standing by. Welcome to the Q3 2023 Digi International Inc. Earnings Conference Call.

Digi International Inc. (DGII) Q3 2023 Earnings Call Transcript

Digi International (DGII) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.45 per share a year ago.

Digi International (DGII) Q3 Earnings and Revenues Top Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its third fiscal quarter ended June 30, 2023. Third Fiscal Quarter 2023 Results Compared to Third Fiscal Quarter 2022 Results Revenue was $112 million, an increase of 8%. Gross profit margin was 56.9%, an increase of 140 basis points. Gross profit margin excluding a.

Digi International Reports Third Fiscal Quarter 2023 Results

If you enjoy uncovering those lesser-known, small companies that are racking up price and earnings gains because their products and services are hot, then you'll want to know about Minnesota-based Digi International Inc. NASDAQ: DGII.

How Far Will Digi International Run Up After Q3 Report?

Sitting in the sweet spot connecting IoT, AI and 5G to build a brave and smart new world, DGII stock enters buy zone ahead of earnings.

Industrial IoT Firm Taps AI To Spur Breakthroughs — And Breakouts

If you are looking for stocks that are well positioned to maintain their recent uptrend, Digi International (DGII) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Digi International (DGII) is on the Move, Here's Why the Trend Could be Sustainable

Digi International (DGII) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Digi International (DGII) Upgraded to Strong Buy: Here's Why

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII) will release its financial results in a shareholder letter for the third fiscal quarter 2023 on Thursday, August 3, 2023, before market open, at approximately 8:00 a.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later that morning, at 10:00 a.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain you.

Digi International to Release Third Fiscal Quarter 2023 Earnings Results and Host Conference Call on August 3, 2023

Digi International has experienced strong growth and margin expansion in the information technology sector, with a market opportunity of around $64 billion. The company offers IoT products, services, and solutions, with a focus on product features, service capabilities, and competitive pricing to surpass competitors. DGII stock is a safer and more reliable investment compared to Infinera Corporation, with positive cash flows and consistent revenue growth, making it a buy under $40 per share.

Digi International: Broad Industry Demand Fuels Growth

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Digi International (DGII) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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