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.
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.
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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.
Digi International (NASDAQ: DGII) has launched the Digi XBee LR, a new LoRaWAN-compatible wireless communication module, enhancing its IoT product range. This module supports various applications, such as precision irrigation and remote monitoring, and is pre-certified for multiple regions. It features zero-touch provisioning and low power consumption, aiming to provide businesses with a robust IoT solution. The product is expected to be available for evaluation in Q4 2022, marking a significant development in Digi's connectivity offerings.
Opengear, a Digi International company (NASDAQ: DGII), released research revealing a disconnect in digital transformation efforts. While 90% of CIOs are engaged in decision-making, only 17% involve network managers and just 13% include network engineers. The survey highlighted that only 28% of CIOs are satisfied with network engineering talent, with 39% citing skill shortages as barriers to digital transformation. CIOs recognize the growing need for these professionals, yet 62% haven't implemented change management processes. Greater collaboration between CIOs and network engineers is deemed essential for effective digital transformation.
Digi International (NASDAQ: DGII) has launched Digi ConnectCore® Voice Control, a voice-control software solution for its ConnectCore system-on-modules. This solution supports 30 languages and a 60,000-word vocabulary, allowing voice processing on edge devices without cloud connectivity, which addresses data privacy and cost issues. The software aims to enhance human-machine interactions, especially in industrial settings where touch interfaces may fail due to environmental challenges. A free software development kit is available for engineers to create proof-of-concept applications.
Digi International (NASDAQ: DGII) showcased new IoT solutions at Embedded World 2022, targeting medical, transportation, agriculture, and industrial sectors. Key highlights include the Digi ConnectCore MP1 system-on-modules, Voice Control Software, and Digi XBee Intelligent Edge Controller. These products aim to enhance connectivity and innovation, improving user interaction with advanced networking capabilities. The company emphasizes its focus on security and reliability in developing connected products.
Digi International has launched the Digi ConnectCore MP1, the smallest system-on-module (SOM) in its category, featuring integrated Wi-Fi, Bluetooth, and wired connectivity. Designed for OEMs, this cost-effective solution accelerates product development across diverse applications, including healthcare and industrial sectors. The MP1 SOMs measure just 29x29 mm and provide substantial flexibility with advanced features like pre-certified wireless connectivity and embedded security. The complete suite includes development tools and remote management services.
Digi International has joined the STMicroelectronics Partner Program to enhance the design of IoT solutions. This partnership aims to reduce product development efforts and speed up time-to-market for enterprises needing sophisticated connected applications. Andreas Burghart, Digi's senior product manager, emphasized the integration of ST’s products will support scalability and compatibility across regulated industries like healthcare, transportation, and manufacturing. Digi's off-the-shelf solutions promise lower total cost of ownership, fostering innovation.