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. (NASDAQ: DGII) is a provider of Internet of Things (IoT) connectivity products, services, and solutions, and its news flow reflects developments across embedded connectivity, managed services, and cloud-based device management. The DGII news page aggregates announcements from Digi and its business units, giving investors and technology professionals a single place to review material updates.
Recent news releases highlight Digi’s participation in major industry events, product introductions, and strategic initiatives. Examples include announcements about embedded modules such as the Digi XBee 3 Global LTE Cat 4 cellular modem, infrastructure management solutions showcased at CES, and the launch of SmartSense ONE, a modular platform that unifies SmartSense and Jolt capabilities for monitoring, food safety, operations, and compliance.
The news feed also covers developments in managed connectivity, such as the Digi Ventus Managed Connectivity Solutions program for multi-carrier 5G services, as well as eSIM-related initiatives, including an SGP.32-compatible eSIM accessory and alignment with Simetric for validated eSIM orchestration. Security and compliance updates, such as SOC 2 Type 2 attestation for Digi Remote Manager and Digi Genesis, appear alongside quarterly and annual financial results and conference call announcements.
Visitors to this page can review how Digi and its subsidiaries, including SmartSense by Digi and Opengear, are expanding capabilities in areas like network resilience, distributed IoT visibility, and sensor-based monitoring. For anyone tracking DGII, this news section offers a focused view of product launches, segment growth, acquisitions, and platform enhancements that shape Digi’s role in the IoT connectivity landscape.
Opengear, a Digi International company (NASDAQ: DGII), has launched two new models, CM8196-10G and CM8148-10G, expanding its CM8100 family of secure Out-of-Band management solutions. These devices offer advanced features such as a REST API for automation, hardware-based security with TPM 2.0, and increased connectivity with 10Gb SFP+ uplinks. The CM8196-10G supports up to 96 serial ports in a 2RU form factor, while the CM8148-10G offers 48 serial ports in 1RU. This release aims to simplify management in complex IT environments, enabling efficient deployment and maintenance for large data centers. Opengear continues to prioritize customer needs and market trends.
Digi International Inc. (Nasdaq: DGII) reported record revenues of $109 million for the first fiscal quarter ended December 31, 2022, marking a 30% increase compared to the previous year. The gross profit margin was 56.3%, slightly down from 56.8%, while net income per diluted share rose significantly to $0.16, an increase of 433%. Adjusted EPS also increased by 33% to $0.48. Annualized Recurring Revenue (ARR) reached $96 million, an 8% increase. The company anticipates revenues of $105 million to $109 million for the second quarter, reflecting strong demand as supply chain conditions improve.
Digi International (NASDAQ: DGII) has launched two new software service offerings: Digi ConnectCore Cloud Services and Digi ConnectCore Security Services. These services enhance the manageability and security of IoT applications, enabling OEMs to perform over-the-air updates, remote diagnostics, and security monitoring. The ConnectCore MP15 system-on-module, powered by the STM32MP157C microprocessor from STMicroelectronics, is now available in developer kits. Together, these solutions aim to provide a comprehensive software foundation for connected devices, improving product quality and customer experience in various sectors, including healthcare and transportation.
Digi International (NASDAQ: DGII) has launched Digi Containers, enhancing its edge-to-cloud software stack anchored by Digi Remote Manager. This new software enables developers to create and operate custom applications on Digi cellular routers running DAL OS, leveraging edge computing for low latency and real-time responsiveness. The service supports Lightweight Linux Containers for optimal performance and includes key features such as portability, scalability, increased security, speed, and efficiency. Additionally, Digi has upgraded its Digi intelliFlow application to improve network analytics.
SmartSense by Digi, a unit of Digi International (NASDAQ: DGII), has launched its new IoT Sensing-as-a-Service open platform strategy aimed at enhancing interoperability within retailer technology ecosystems. This initiative allows for better integration with third-party devices and enterprise management systems. The platform will be showcased at NRF 2023 Retail’s Big Show from January 15-17, 2023, promising streamlined data extraction, improved hardware investment returns, and easy compatibility with diverse sensing devices to address unique customer needs.
Digi International (NASDAQ: DGII) will announce its financial results for Q1 2023 on February 2, 2023, before market opening at 8:00 a.m. ET. 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. Interested participants can pre-register for the call or access a live webcast through Digi's investor relations website. A replay will be available shortly after the call and can be accessed for approximately one year.
SmartSense by Digi, part of Digi International (NASDAQ: DGII), announced key developments ahead of the NRF 2023 Retail's Big Show in New York. Highlights include an executive leadership change with Guy Yehiav appointed President, strengthened customer relationships with companies like Giant Eagle and DIG Restaurants, and recognition as a Top Software & Technology Provider. Additionally, the company formed customer advisory boards to enhance service delivery in healthcare and food sectors. SmartSense aims to leverage its IoT solutions to drive significant business outcomes in 2023.
Digi International (Nasdaq: DGII) reported strong financial results for Q4 2022, with revenue of $106 million, up 34% year-over-year. The gross profit margin improved to 55.8%, and net income per diluted share surged 138% to $0.31. For the full year, revenue reached $388 million, a 26% increase, with adjusted EPS rising 54% to $1.66. ARR at quarter end was over $94 million, reflecting a 149% growth. Despite strong performance, guidance for Q1 2023 anticipates revenue growth of 20-25%, constrained by global supply chain challenges.
Digi International (NASDAQ: DGII) has launched the Digi XBee RR, a pre-certified wireless networking module designed for IoT solutions. This innovative module enhances product development flexibility and reduces time-to-market for developers and OEMs by offering off-the-shelf connectivity options. With immediate availability through Digi's global distributor network, it features multiple frequencies and protocols for diverse applications, including smart energy and intelligent lighting. Additionally, Digi provides XBee Rapid Redesign Services to assist customers with transitioning to this module.
Digi International (NASDAQ: DGII) will showcase its innovative IoT solutions at electronica 2022 in Munich, Germany from Nov. 15-18. Highlighted products include the Digi ConnectCore MP1 systems-on-modules, known for their compact design and integration of Wi-Fi and Bluetooth, and the Digi ConnectCore Voice Control software, which supports 30 languages for voice-based control without cloud dependence. These developments aim to enhance productivity and safety across industries such as transportation and medical.
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