Digi Intl Inc Stock Price, News & Analysis

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.

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.