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.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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.

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, 2021. “Record quarterly revenues and record annual recurring revenues of $36.0 million headlined our third fiscal quarter," said Ron Konezny, President and Chief Executive Officer. "Demand for Digi's solutions and products, en

Digi International Reports Third Fiscal Quarter 2021 Results

EDISON, N.J.--(BUSINESS WIRE)--New research commissioned by Opengear has found that 64% of organizations have hired dedicated network automation engineers to transition to NetOps.

Enterprises Must Address Engineer Training to Make NetOps a Success

HOPKINS, Minn.--(BUSINESS WIRE)--Digi unveils new enterprise starter kit providing a complete LoRaWAN® device-to-cloud solution, marking the company's expansion into the LPWA market.

Digi International Unveils Enterprise-Caliber Turnkey Starter Kit for LoRaWAN Connectivity

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII), a leading global provider of mission-critical Internet of Things (IoT) products, services and solutions, will release its financial results for the third fiscal quarter 2021 on Wednesday, August 4th, 2021, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later the same day, at 5:00 p.m. ET, to discuss the results and provide a business update. Participan

Digi International to Release Third Fiscal Quarter 2021 Earnings Results and Host Conference Call on August 4th, 2021

Digi International (DGII) acquires Ctek to boost its portfolio of purpose-built Industrial IoT solutions in a rapidly expanding market. The financial terms of the deal have not been disclosed.

Digi International (DGII) Boosts IoT Portfolio With Ctek Buyout

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International acquires Ctek, Inc., a company specializing in solutions for remote monitoring and industrial controls.

Digi International Acquires Ctek

Digi International to Acquire Ctek

HOPKINS, Minn.--(BUSINESS WIRE)--Digi announces the expansion of its ConnectCore® family of products with the introduction of the Digi ConnectCore® 8M Mini System on Module (SOM).

Digi Expands its SOM Portfolio with the Introduction of Digi ConnectCore 8M Mini

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International relocates its Australian headquarters to bolster exponential growth and opportunities.

Digi Relocates Australian Headquarters to Milton to Bolster Exponential Growth and Opportunities

BOSTON--(BUSINESS WIRE)--SmartSense by Digi® announces the expansion of its critical control point sensing and monitoring solution with the launch of the SmartSense B2 Sensor.

SmartSense by Digi® Introduces Ultra-Compact B2 Sensor to Optimize Critical Temperature and Humidity Monitoring in Food Service and Grocery Operations

HOPKINS, Minn.--(BUSINESS WIRE)--Digi unveils the newest addition to its line of industrial-grade routers with the introduction of Digi IX15.

Digi International Introduces Dual-Action IX15 Gateway and Router, Bringing Added Power to the World-Class Digi XBee Ecosystem

Digi International, Inc. (DGII) CEO Ronald Konezny on Q2 2021 Results - Earnings Call Transcript

Digi International (DGII) delivered earnings and revenue surprises of 0.00% and 4.59%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Digi International (DGII) Meets Q2 Earnings Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Digi International Reports Second Fiscal Quarter 2021 Results

Digi International Reports Second Fiscal Quarter 2021 Results

Digi International (DGII) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Digi International (DGII) Reports Next Week: Wall Street Expects Earnings Growth

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International announces its comprehensive new 5G solution, which combines Digi Remote Manager® with its versatile new EX50 and TX64 5G routers.

Digi International to Deliver Comprehensive 5G-Enabled Wireless Networking Solutions for Enterprise and Transportation Markets

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International announces the winners of its Green Tech Customer Innovation Awards.

Digi International Recognizes Green Tech Customer Innovation Award Winners

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII), a leading global provider of mission-critical Internet of Things (IoT) products, services and solutions, will release its financial results for the second fiscal quarter 2021 on Wednesday, May 5, 2021, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later the same day, at 5:00 p.m. ET, to discuss the results and provide a business update. Participants m

Digi International to Release Second Fiscal Quarter 2021 Earnings Results and Host Conference Call on May 5th, 2021

Digi has been in business for a while, but the story is new as the company has been shifting more towards growing IoT opportunities, including hardware and monitoring services. I'm not too excited about the hardware opportunities, though the company's leverage to out-of-band solutions is an exception and could drive some worthwhile growth.

Digi International Digging Into The Emerging IoT Service Opportunity

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International announces the acquisition of Dallas-based Haxiot, an industry leader in end-to-end LoRaWAN®-based solutions.

Digi International Acquires Haxiot

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International recognizes distributor and channel partner excellence, announcing the Europe, Middle East & Africa Channel Award winners.

Digi International Recognizes EMEA Distributor and Channel Partner Excellence

The modified credit agreement is likely to provide the means to undertake strategic investments to spur long-term growth of Digi International (DGII).

Digi International (DGII) Amends Credit Facility to Boost Liquidity

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International Inc. (NASDAQ: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") connectivity products, services and solutions, today announced it has entered into an amended and restated credit agreement with BMO Harris Bank N.A. as administrative agent and collateral agent. The new facility provides Digi with a senior secured credit facility consisting of a $200 million senior secured revolving credit facility with

Digi International Enters Into Amended and Restated Credit Agreement

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International announces the winners of its 2020 Channel Awards, acknowledging distributors and channel partners that excelled over the past year.

Digi International Recognizes Distributor and Channel Partner Excellence

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International Inc. (Nasdaq: DGII) (Digi), a leading global provider of business and mission critical Internet of Things (IoT) products, services and solutions, announced today the pricing of an underwritten registered public offering of 3,500,000 shares of its common stock at a price to the public of $19.50 per share. In addition, Digi granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of its common stock on the same ter

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