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.
Digi International has entered a strategic partnership with UR Group to enhance Intelligent Transport Systems (ITS) focusing on the U.K. market. The collaboration aims to deliver advanced transportation solutions with an emphasis on rail and Smart Cities. Digi's smart railway technologies will provide real-time data on various operational aspects, aiding transit operators in improving amenities like Wi-Fi and security. This partnership is expected to facilitate the deployment of innovative technologies that support green energy transitions in transportation.
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.
Summary not available.
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.
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