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 Inc. (Nasdaq: DGII) reported its fourth quarter and full fiscal year 2020 results, showcasing a 12.6% revenue increase to $73.2 million and a 93.9% rise in net income to $4.4 million. For the fiscal year, revenues grew 9.9% to $279.3 million, although net income fell 15.5% to $8.4 million. Adjusted EPS improved in both periods, reaching $0.32 for Q4 and $0.98 for the full year. The company highlighted its Opengear acquisition as a key growth driver, while cautioning against future guidance due to ongoing COVID-19 uncertainties.
Digi International has launched the Digi IX10, an industrial router designed for cost-effective connectivity in environments like digital signage and unattended retail. This device features global LTE Category 4 connectivity and is built for rugged conditions, fully integrating with Digi Remote Manager for enhanced device management and security through Digi TrustFence. The IX10 supports RS-232/485 and Modbus protocols, offering dual SIM slots for reliable connectivity. It is currently available in various regions, with further certifications ongoing.
Digi International (NASDAQ: DGII) has announced its schedule for upcoming virtual investor conferences in November 2020. CEO Ron Konezny and CFO Jamie Loch will participate in three conferences: the Baird Global Industrial Conference on November 11, the Roth Technology Conference on the same day, and the Craig-Hallum's 11th Annual Alpha Select Conference on November 17. These events will facilitate discussions about the company's IoT products and services, aimed at enhancing connectivity and communication infrastructures for customers.
SmartSense by Digi, the IoT Solutions division of Digi International (NASDAQ: DGII), announced that its monitoring solutions comply with CDC guidelines for COVID-19 vaccine handling. These solutions support the entire vaccine cold chain, ensuring proper temperature management. SmartSense collects over 10 million sensor readings daily across 28,000 retail pharmacy locations. The technology protects more than $2 billion in refrigerated inventory, preparing for vaccine distribution. Continuous temperature monitoring is mandated for pharmacies, and SmartSense’s technology is ready to support ultra-cold vaccine conditions.
Digi International (NASDAQ: DGII) will announce its fourth fiscal quarter and year-end 2020 financial results on November 12, 2020, after market close. A conference call hosted by CEO Ron Konezny and CFO Jamie Loch will follow at 5:00 p.m. ET. Investors can join the call via a live webcast on Digi's investor relations page or by phone. The replay will be available for one week after the call. Digi specializes in Internet of Things solutions, having connected over 100 million devices since its founding in 1985.
Digi International (NASDAQ: DGII) and Assured Wireless Corporation (AWC) have partnered to enhance the Digi TX54 LTE router product line by integrating AWC's Power Class 1 High-Power User Equipment (HPUE). This collaboration aims to improve data throughput and connectivity for mission-critical applications, supporting first responders with reliable, high-quality wireless communication. The Digi TX54 routers feature advanced capabilities, including dual LTE-Advanced interfaces, ensuring consistent performance in challenging environments.
Digi International (NASDAQ: DGII) has formed a strategic partnership with Convergia to enhance IoT connectivity solutions. This collaboration combines Digi's enterprise-class LTE cellular routers and management software with Convergia's unlimited high-speed wireless data plans, aimed at providing primary and backup internet access via SD-WAN technology. Businesses can implement these solutions quickly, enabling rapid deployment in remote locations. The partnership aims to simplify complex internet connectivity needs while delivering speeds of up to 100 Mbps.
SmartSense by Digi has secured a multiyear deal with Schwan's Home Delivery, the largest direct-to-home food delivery provider in the U.S., to enhance food safety through advanced monitoring solutions. SmartSense will analyze over 23 million data points monthly from 3,000 trucks and 300 depots, ensuring optimal temperature and product quality. This technology aims to eliminate manual monitoring, reduce product loss, and improve operational efficiency while funding itself through resulting savings.
Digi International has announced significant updates to its Digi Remote Manager, a cloud-based platform for managing Internet of Things (IoT) devices and networks. This upgrade enhances network resilience, simplifies device deployment, and streamlines management processes. Key features include advanced configuration options, complex task automation, critical API integration, and robust security measures with 175 controls. The platform is designed to improve operational efficiency and provide a better user experience. Organizations like ElectriCities of North Carolina have reported cost savings and improved network performance.
Digi International's SmartSense has appointed Steve Habermas as the new Chief Technology Officer (CTO), effective June 20, 2020. Habermas, formerly Vice President of Engineering at LenelS2, brings extensive experience in leading engineering teams and product innovation. His background encompasses roles in various technology firms, focusing on AI-powered product development and SaaS/PaaS solutions. This strategic appointment is expected to enhance SmartSense's technology capabilities and drive product innovation, strengthening the company's position in the IoT market.
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