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 (NASDAQ: DGII) has launched a new enterprise starter kit that provides a comprehensive LoRaWAN device-to-cloud solution, marking its entry into the low power wide area (LPWA) market. This turnkey kit aims to streamline the onboarding process for enterprises, reducing time and costs associated with digital transformation. Developed using technology from the recent acquisition of Haxiot, the kit is designed for scalability and easy deployment across various sectors, including agriculture, oil and gas, utilities, and manufacturing. The product is available now in North America and will launch in EMEA in Q3 2021.
Digi International (NASDAQ: DGII) will announce its financial results for the third fiscal quarter of 2021 on August 4, 2021, after market close at 4:00 p.m. ET. CEO Ron Konezny and CFO Jamie Loch will provide a business update during a conference call at 5:00 p.m. ET the same day. Interested parties can access the live webcast through Digi's investor relations website or join via phone. A replay will be available for one week after the call. Digi specializes in IoT solutions and has connected over 100 million devices since its inception in 1985.
Digi International (NASDAQ: DGII) has announced its acquisition of Ctek, Inc., a provider of remote monitoring and industrial control solutions. This strategic move aims to enhance Digi's IoT connectivity offerings by integrating Ctek's ruggedized products aimed at industries such as agriculture, water management, and lighting. The acquisition will enable Digi to offer comprehensive control solutions, consolidating their reach in the rapidly expanding market for industrial IoT. Ctek's established customer base and robust application suite are expected to further broaden Digi's portfolio.
Digi International (NASDAQ: DGII) has acquired Ctek, Inc., a developer of solutions for remote monitoring and industrial controls. The acquisition enhances Digi's portfolio by integrating Ctek's rugged automation products tailored for sectors such as agriculture, lighting, and water management. This move positions Digi to offer comprehensive IoT solutions, capitalizing on Ctek's expertise and established customer base. The transaction terms were not disclosed, but it marks a significant step in Digi's strategy to expand its Industrial IoT connectivity offerings.
Digi International (NASDAQ: DGII) has announced the launch of the Digi ConnectCore 8M Mini System on Module (SOM), enhancing its market-leading product line in IoT connectivity. The 8M Mini is a cost-effective platform powered by the NXP i.MX 8M Mini processor, ideal for industrial and medical applications. Its features include advanced security, integrated memory, and pre-certified wireless capabilities, enabling faster market entry for manufacturers. The product ensures a long lifecycle backed by NXP’s longevity program, offering significant operational advantages for developers.
Digi International has launched the SmartSense B2 Sensor to enhance its IoT connectivity solutions, focusing on critical control point sensing and monitoring. This new sensor complements the existing B Sensor, offering improved wireless communication and extended battery life of up to four years. It enables precise monitoring in high-traffic areas and stores data during outages. RaceTrac has successfully integrated B2 Sensors, praising its enhanced features. This innovation reflects Digi's commitment to exceeding customer expectations and ensuring food safety in grocery and restaurant operations.
Digi International (NASDAQ: DGII) has launched the innovative Digi IX15, an industrial-grade cellular gateway that uniquely offers Zigbee support. This device combines the functionalities of a gateway and router, presenting a cost-effective IoT solution for industrial applications. The IX15 enhances the Digi XBee ecosystem and integrates with Digi Remote Manager for streamlined device management. Designed for challenging environments, it is certified for C1D2 deployments and aims to accelerate time-to-market for businesses in sectors like oil, gas, and agriculture.
Digi International announced its financial results for Q2 FY2021, reporting record revenues of $77.3 million, a 5.2% increase year-over-year. Net income per diluted share rose to $0.09, marking a 28.6% increase, while adjusted EPS increased to $0.27, up 8.0%. The company executed strategic actions, including a stock offering that generated $73.8 million. IoT Product & Services revenues decreased by 1.9%, attributed to lower cellular router sales. Conversely, IoT Solutions revenues surged 78.0%, driven by increased subscription revenue.
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Digi International (NASDAQ: DGII) will announce its financial results for Q2 2021 on May 5, 2021, post-market close at 4:00 p.m. ET. CEO Ron Konezny and CFO Jamie Loch will discuss results and business updates in a conference call at 5:00 p.m. ET the same day. Interested parties can access the call via Digi's investor relations webpage or by phone. A replay will be available shortly after the call, lasting one week. Digi is a premier provider of IoT products and solutions, connecting over 100 million devices since its inception in 1985.