Digi Intl Inc Stock Price, News & Analysis

SmartSense by Digi (NASDAQ: DGII) has announced the appointment of Stefanie Miller, Managing Director of Category Strategy and Growth at Kellanova Europe, to its Food Service Advisory Board. Miller, who joined on November 1, 2024, brings extensive experience from global brands including The Coca-Cola Company and Kellogg Company.

Miller joins existing board members from Giant Eagle, Schnuck Markets, NewRoad Capital Partners, Nutrition Core Solutions, and Clipper Advisory Group. The board focuses on consumer packaged goods (CPG) safety and aims to enhance food service and reduce risks through innovative technology.

As highlighted by Guy Yehiav, President of SmartSense by Digi, Miller's industry experience is expected to help foster a more strategic path forward for SmartSense food service solutions, particularly in areas of risk management and innovative solutions.

Digi International (DGII) has nominated two new members to its Board of Directors: Valerie Heusinkveld and Allison West Hughes. The election will be voted on at the company's annual meeting on February 3, 2025. Heusinkveld, former CFO of Cradlepoint, brings extensive financial and operational expertise in high-tech industries. West Hughes, currently Corporate Vice President at Microsoft, contributes significant experience in digital sales and marketing, particularly in subscription-based offerings.

The nominations coincide with the announced retirement of Sally Smith, who has served as director since 2018. The board changes reflect Digi's focus on expanding recurring revenue-based solutions and strengthening its position in the IoT space.

Digi International (DGII) reported its Q4 and full fiscal 2024 results with annual revenue of $424 million, representing a 5% decrease from 2023. The company achieved record end-of-quarter Annualized Recurring Revenue (ARR) of $116 million, up 9% year-over-year. Q4 revenue was $105 million, down 6%, while gross profit margin improved to 61.1%. Net income for Q4 increased to $12 million ($0.32 per share) from $6 million ($0.17 per share) in the previous year. The company generated strong cash flow from operations of $83 million for the full year and reduced its net debt to $95.7 million.

Digi International (NASDAQ: DGII) announced that its Digi Connect Sensor XRT-M, powered by Digi Axess, has received official certification for use on the T-Mobile network. The device, designed for precision agriculture, municipal water utilities, mining, and industrial gas and chemical sectors, offers cloud-based control for remote monitoring applications. The solution integrates with the Digi Axess management platform, featuring an intuitive interface for streamlined data management and enhanced operational efficiency. The T-Mobile-certified device is now available for immediate purchase.

SmartSense by Digi (NASDAQ: DGII) has achieved SOC 2 Type II certification, demonstrating its commitment to data security and protection. The certification follows a year-long review of security policies and establishes continuous monitoring systems. The company, which provides IoT connectivity solutions, maintains multiple compliance certifications including ISO 9001 and supports GxP environments. This achievement particularly benefits customers in regulated industries by removing internal approval friction and accelerating ROI.

Digi International (NASDAQ: DGII) has joined T-Mobile's Partner Plus channel subsidy program, offering its EX50 5G, TX40 5G, and IX40 5G cellular routers at reduced prices through distributors TD SYNNEX and Ingram Micro. This collaboration aims to make 5G adoption more accessible and affordable for businesses. As part of the program, T-Mobile provides a subsidy credit of up to $700 on certified Digi routers, which are integrated with Digi Remote Manager for advanced management and monitoring.

The partnership underscores both companies' commitment to facilitating digital transformation and breaking down barriers to 5G adoption. Digi's routers are designed to meet diverse business needs, providing robust, reliable, and secure 5G connectivity for various environments and use cases.

Digi International Inc. (NASDAQ: DGII) has announced the release date for its fourth fiscal quarter and full fiscal 2024 earnings results. The financial results will be disclosed on Wednesday, November 13, after market close, at approximately 4:00 p.m. ET. Following the release, CEO Ron Konezny and CFO Jamie Loch will host a conference call at 5:00 p.m. ET to discuss the results and answer questions.

Participants are encouraged to pre-register for the conference call to obtain dial-in information and are requested to join 15 minutes before the start time. A live webcast of the call will be accessible through Digi's investor relations website. A replay of the call will be available shortly after its completion and will remain accessible for approximately one year via the company's website.

Opengear, a Digi International company (NASDAQ: DGII), has introduced two new advanced offerings to simplify IT management: Connected Resource Gateway (CRG) and Lighthouse Service Portal (LSP). These solutions aim to streamline initial setup with zero-touch provisioning and ensure secure access to IT infrastructure.

The CRG integrates with Opengear's Smart Management Fabric, providing a reliable link between network management tools, users, and managed endpoints. It offers secure access to IT resources through a web interface with serial or IP-based connectivity options.

The LSP is a cloud-based service that automates the onboarding of new Opengear appliances, simplifying the deployment of data center and edge site network infrastructure. These enhancements to Opengear's Network Resilience Platform address the increasing demands on IT organizations to deliver results with fewer resources while meeting security, compliance, and AI requirements.

Digi International (NASDAQ: DGII) has launched Digi 360, a comprehensive subscription-based solution for cellular IoT. This new offering combines purpose-built devices, software, and services to simplify the deployment and management of IoT investments. Digi 360 includes:

1. Digi Remote Manager: An intelligent network command center for centralized control, management, and security.
2. Digi Cellular Devices: Industry-leading devices designed for challenging conditions and extended lifecycles.
3. Customer Care: 24/7/365 expert global support with a four-hour response SLA.
4. Lifetime Warranty: Enhanced protection for active subscribers.

Optional add-on services like Digi Containers, WAN Bonding, and Mobile VPN are available to customize solutions. Digi 360 aims to provide a future-proof investment and ease the complexity of IoT deployments across enterprise, industrial, and transportation environments.