Welcome to our dedicated page for Digi Intl news (Ticker: DGII), a resource for investors and traders seeking the latest updates and insights on Digi Intl stock.
Digi International Inc (DGII) provides mission-critical IoT connectivity solutions for industries requiring secure, reliable machine-to-machine communications. This news hub offers investors and technology professionals centralized access to official announcements and market-moving updates.
Track earnings releases, product innovations, and strategic partnerships shaping the IoT landscape. Our curated collection includes regulatory filings, leadership updates, and technology deployments across manufacturing, logistics, and environmental monitoring sectors.
Discover how Digi's embedded modules and cloud-integrated solutions address evolving connectivity demands. Stay informed about developments in both core segments: IoT Products & Services for hardware solutions and IoT Solutions for specialized monitoring applications.
Bookmark this page for real-time updates on network security enhancements, global market expansions, and industry-specific IoT implementations. Verify operational milestones through primary source materials while maintaining compliance awareness.
Digi International (NASDAQ: DGII) announced an ongoing partnership with DIG, a restaurant group focusing on fresh, high-quality meals. Through SmartSense by Digi's IoT solutions, DIG will enhance product freshness and operational efficiency by monitoring refrigeration and automating compliance with digital checklists. This collaboration will support DIG's growth, allowing it to manage food quality and safety across multiple locations. DIG serves over 100,000 meals a week and utilizes fresh produce from its own farm, DIG Acres.
Digi International has launched Digi SAFE™, a comprehensive connectivity solution designed for public safety and transportation agencies. With FIPS 140-2 certification, this secure system allows for remote monitoring and management of field devices through Digi Remote Manager. The solution boasts the new Digi TX40 5G router, engineered for rugged environments, and supports dual connectivity for uninterrupted service. Digi SAFE aims to enhance operational efficiency and safety for emergency responders while facilitating digital transformation initiatives within agencies.
Digi International (NASDAQ: DGII) will announce its financial results for Q4 and the full fiscal year 2022 on November 10, 2022, at around 8:00 a.m. ET. Following the release, CEO Ron Konezny and CFO Jamie Loch will hold a conference call at 10:00 a.m. ET to discuss the results and engage with investors. Participants can pre-register for the call and access a live webcast via Digi's investor relations page. A replay of the call will be available shortly after its conclusion.
Research by Opengear reveals that 50% of CIOs have experienced financial losses due to increased downtime. The mean time to recovery (MTTR) from network outages has risen to 11.2 hours, an increase of nearly two hours since 2020. Major impacts of downtime include customer satisfaction (47%), data loss (45%), and reputational damage (41%). The study suggests that as businesses increasingly adopt hybrid working and IoT, downtime concerns are escalating, necessitating a higher priority on network resilience in organizational strategies.
SmartSense by Digi has established a Food Service Advisory Board (FSAB) to enhance production and customer success within the food sector through IoT solutions. The board, led by John Deane, aims to improve efficiency and compliance while promoting public health. Inaugural members include industry leaders from Giant Eagle, Schnuck Markets, and Mueller Consulting. The FSAB will convene its first meetings from October 16-18 in Boston, focusing on actionable insights to navigate market challenges.
MaxLinear Inc. (NASDAQ: MXL) has been selected by Digi International (NASDAQ: DGII) for its PCIe bridges and serial transceivers to enhance the Digi Connect® IT console access servers, crucial for data centers. These products enable robust remote access, catering to the growing demand for secure data management. The data center market is projected to exceed $69 billion by 2024. MaxLinear aims to support this growth with a range of products tailored for data center applications, promoting scalability and performance in remote connectivity solutions.
SmartSense by Digi, a business unit of Digi International (NASDAQ: DGII), has launched a new Healthcare Advisory Board aimed at addressing operational risks and compliance in healthcare organizations through IoT solutions. Chaired by James Langabeer, the board consists of industry experts including Keith Perry and Richard McFee. Their expertise aims to enhance patient care, streamline operations, and maximize IoT potential. The board's inaugural meeting is scheduled for October 16-18 in Boston.
Digi International (Nasdaq: DGII) announced its fiscal Q3 2022 results, reporting a record revenue of $104 million, a 31% increase year-over-year. The gross profit margin improved to 55.5%, and net income per diluted share rose to $0.12, up 33%. Adjusted EPS climbed 80% to $0.45.
Annualized Recurring Revenue (ARR) reached $92 million, a 157% increase. The IoT segment saw revenues of $80 million, while IoT Solutions grew to $24 million, up 94%.
Q4 guidance suggests revenues of $98-$102 million, indicating 24-29% growth.
Digi International (NASDAQ: DGII) will announce its third fiscal quarter financial results on August 4, 2022, at approximately 8:00 a.m. ET. The announcement will feature a new shareholder letter format. Following this, CEO Ron Konezny and CFO Jamie Loch will host a conference call at 10:00 a.m. ET to discuss the results and answer questions. Investors can pre-register for the call and access a live webcast through Digi's investor relations website. A replay will be available after the call for one week.
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