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 acquired Dallas-based Haxiot, a leader in end-to-end LoRaWAN-based solutions, enhancing its embedded systems portfolio. Haxiot, founded in 2015, offers a wide array of low power wide area technology and a scalable X-ON cloud IoT platform. The acquisition broadens Digi's market reach with a comprehensive LoRaWAN offering, streamlining deployment for various industries, including utilities and industrial supply chains. LoRa technology is anticipated to see significant market growth, with a projected 40% CAGR.
Digi International (NASDAQ: DGII) announced an amended credit agreement with BMO Harris Bank, replacing its previous facility. The new senior secured credit facility amounts to $200 million, with an optional $75 million increase, replacing a $48 million Term A loan and a $100 million revolving loan. This agreement enhances financial flexibility for Digi, allowing funds to be used for working capital, acquisitions, and other corporate purposes. The terms match those of the previous agreement, providing a stable financial environment for Digi's growth initiatives.
Digi International (NASDAQ: DGII) announced its 2020 Channel Awards, recognizing exemplary distributors and partners who enhanced the IoT market. The awards highlight key players, including Digi-Key Electronics as Global Distributor of the Year, Technology Integration Group as Emergent Partner of the Year, and Carrier & Gable as Public Sector Partner of the Year. Digi acknowledges these partners for their significant contributions to its success in 2020 and anticipates continued momentum into 2021 and beyond.
Digi International (Nasdaq: DGII) has priced a public offering of 3,500,000 shares of common stock at $19.50 each, with gross proceeds estimated at approximately $68.3 million. An additional option for underwriters to purchase 525,000 shares is also available. The offering is set to close on or around March 8, 2021. Proceeds will be used for working capital and general corporate purposes, including potential investments in complementary businesses, although no specific plans are in place. Piper Sandler is the sole book-running manager for the offering.
Digi International (Nasdaq: DGII) announced plans for an underwritten public offering of its common stock, aiming to sell shares with a potential 30-day option for underwriters to purchase an additional 15%. The proceeds will be used for working capital, general corporate purposes, and possible acquisitions, although no specific agreements are in place. The offering is contingent on market conditions and detailed terms will be disclosed later. Piper Sandler is the book-running manager for this offering.
Digi International (Nasdaq: DGII) reported strong financial results for Q1 FY2021, with revenue rising to $73.1 million, a 17.4% increase from $62.3 million in Q1 FY2020. Adjusted EPS improved by 113.3% to $0.32 per diluted share. However, net loss per diluted share was ($0.01), down from a net income of $0.01 due to a $5.8 million earn-out adjustment. The IoT Solutions segment saw a 47.5% revenue increase, while IoT Products & Services increased by 13.1%, but operating income fell significantly in this segment.
Digi International (NASDAQ: DGII) has announced a multiyear agreement with Coborn's, Inc. for its SmartSense enterprise monitoring solutions. Coborn's will deploy these solutions across 58 grocery stores, 36 pharmacies, 88 semitrucks, and 28 car washes to enhance product safety and quality. The monitoring system aims to optimize labor by allowing staff to focus on customer-centric activities. The deployment also addresses food safety during transport and prevents equipment damage in cold climates. This partnership showcases Digi's innovative solutions across various sectors.
Digi International (NASDAQ: DGII) will announce its financial results for Q1 2021 on February 3, 2021, at 4:00 p.m. ET. Following the results, CEO Ron Konezny and CFO Jamie Loch will conduct a conference call at 5:00 p.m. ET to discuss the findings and provide a business update. Interested participants can access the live webcast via Digi's investor relations section or join by phone. A replay will be available for one week post-call. Digi International specializes in IoT products, helping clients manage critical communications infrastructures since 1985.
Digi International (NASDAQ: DGII) announced that CEO Ron Konezny and CFO Jamie Loch will host investor calls during a Non-Deal Roadshow on December 17, 2020, organized by Colliers International Securities. This event aims to provide insights into Digi's IoT products and services, which have connected over 100 million devices globally. For further details or to schedule meetings, interested parties should contact their Colliers representative. Digi continues to enhance its position in the IoT sector by delivering secure and reliable connectivity solutions.
SmartSense by Digi, a division of Digi International (NASDAQ: DGII), announced its collaboration with Hugo's Family Marketplace to enhance food safety through automated monitoring solutions. The supermarket chain, which operates in North Dakota and Minnesota, will implement SmartSense's temperature sensors and gateways at its upcoming 11th location. This technology will enable continuous monitoring and improve operational visibility. By digitizing processes, Hugo's aims to save time and reduce costs associated with manual checks, ultimately enhancing the customer experience and food safety management.