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

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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.

Shares of Digi International Inc (DGII, Financial) surged 3.89% in mid-day trading on Oct 2. The stock reached an intraday high of $29.14, before settling at $28.74, up from its previous close of $27.66.

Digi International Inc (DGII) Shares Up 3.89% on Oct 2

MINNEAPOLIS--(BUSINESS WIRE)--Digi International Unveils Digi 360, Transforming Cellular IoT Solutions for Seamless Management and Enhanced ROI.

Digi International Unveils Digi 360, Transforming Cellular IoT Solutions for Seamless Management and Enhanced ROI

Digi International Inc. (NASDAQ:DGII ) Q3 2024 Earnings Call August 7, 2024 5:00 PM ET Company Participants Ron Konezny - President and Chief Executive Officer Jamie Loch - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Inc. Jim Fish - Piper Sandler Scott Searle - ROTH Capital Operator Good day and thank you for standing by. Welcome to the Q3 2024 Digi International Inc. Earnings Conference Call.

Digi International Inc. (DGII) Q3 2024 Earnings Call Transcript

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

Digi International (DGII) Q3 Earnings Meet 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, 2024. Third Fiscal Quarter 2024 Results Compared to Third Fiscal Quarter 2023 Results Revenue was $105 million, a decrease of 6%. Gross profit margin was 59.2%, an increase of 230 basis points. Net income was $10 million, comp.

Digi International Reports Third Fiscal Quarter 2024 Results

MINNEAPOLIS--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII) will release its financial results for the third fiscal quarter 2024 on Wednesday, August 7, 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 briefly discuss the results and will take questions and provide answers. This is a change from the prior quarter when the conference call occurred the morning following the earni.

Digi International to Release Third Fiscal Quarter 2024 Earnings Results and Host a Conference Call on August 7, 2024

BOSTON--(BUSINESS WIRE)--Lowes Foods Selects SmartSense by Digi to Automate Asset Health Monitoring, Integrate Proactive Maintenance, and Digitize Food Safety.

Lowes Foods Selects SmartSense by Digi to Automate Asset Health Monitoring, Integrate Proactive Maintenance, and Digitize Food Safety

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BOSTON--(BUSINESS WIRE)--SmartSense Inks Renewals and Upgrades with Three Leading Grocery Customers to Continue Amplifying Food Safety Offerings.

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MINNEAPOLIS--(BUSINESS WIRE)--Digi International Prevails in Patent Infringement Case.

Digi International Prevails in Patent Infringement Case

Digi International Inc. (NASDAQ:DGII ) Q2 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Jamie Loch - Executive Vice President, Chief Financial Officer & Treasurer Ron Konezny - President & Chief Executive Officer Conference Call Participants Mike Walkley - Canaccord Genuity Cole Couzens - Stephens Incorporated Josh Nichols - B. Riley Scott Searle - ROTH MKM Harsh Kumar - Piper Sandler Mike Walkley - Canaccord Genuity Operator Good day and thank you for standing by and welcome to the Q2 2024 Digi International Inc. Earnings Conference Call.

Digi International Inc. (DGII) Q2 2024 Earnings Call Transcript

Digi International (DGII) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.50 per share a year ago.

Digi International (DGII) Q2 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 second fiscal quarter ended March 31, 2024. Second Fiscal Quarter 2024 Results Compared to Second Fiscal Quarter 2023 Results Revenue was $108 million, a decrease of 3%. Gross profit margin was 57.9%, an increase of 130 basis points. Net income was $4 million, c.

Digi International Reports Second Fiscal Quarter 2024 Results

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MINNEAPOLIS--(BUSINESS WIRE)--Digi International Reveals 2024 Green Tech Customer Innovation Award Winners.

Digi International Reveals 2024 Green Tech Customer Innovation Award Winners

MINNEAPOLIS--(BUSINESS WIRE)--Digi International Expands Monitoring Portfolio with Launch of Digi Connect Sensor XRT-M Powered by Digi Axess.

Digi International Expands Monitoring Portfolio with Launch of Digi Connect Sensor XRT-M Powered by Digi Axess

Digi International's earnings have consistently increased since 2020, although they are expected to grow at a slower rate this year and next year. It has initiatives that should reduce its costs and inventory, and improve its profitability. While earnings this year and next year will be constrained, the share price should continue to rise.

Digi International Poised For Growth Despite Near-Term Earnings Slowdown

MINNEAPOLIS--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII) will release its financial results for the second fiscal quarter 2024 on Wednesday, May 1, 2024, after market close. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call the following morning, May 2, 2024, 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 your dial in number and passcode. All particip.

Digi International to Release Second Fiscal Quarter 2024 Earnings Results on May 1, 2024 and Host a Conference Call on May 2, 2024

MINNEAPOLIS--(BUSINESS WIRE)--Digi International to unveil the new Digi ConnectCore® MP25 System-on-Module for next-gen computer vision applications at Embedded World 2024.

Digi International to Unveil the New Digi ConnectCore® MP25 System-on-Module for Next-Gen Computer Vision Applications at Embedded World 2024

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MINNEAPOLIS--(BUSINESS WIRE)--Digi International Unveils LifeCycle Assurance, Transforming Infrastructure Management with Proactive Support and Comprehensive Device Management.

Digi International Unveils LifeCycle Assurance, Transforming Infrastructure Management with Proactive Support and Comprehensive Device Management

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Revenue fell 3% in the fiscal first quarter of 2024 but beat expectations. The bottom line was also under pressure, but an earnings beat was enough to please investors.

Why Digi International Stock Jumped 16.2% Today

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.

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