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 (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.
Digi International (NASDAQ: DGII) has announced expanded support for Linux and improved Microsoft Windows functionality for its Digi AnywhereUSB® Plus solution. This enhancement aims to provide greater flexibility for developers and system integrators, especially in the context of increasing adoption of SOM-based IIoT and IoT devices for 5G networks.
Key features include broad support for multiple Linux distributions, including headless operation, improved Windows functionality, and enhanced reliability and performance. The update is designed to meet the growing demand for robust and reliable software solutions in IIoT and IoT applications.
Digi AnywhereUSB Plus enables remote management of USB devices over networks, making it ideal for virtualized environments and data centers. The product comes with a 1-year Digi Lifecycle Assurance package, including 24/7 technical support and access to Digi Remote Manager®.
Digi International (Nasdaq: DGII) reported financial results for its third fiscal quarter ending June 30, 2024. Revenue was $105M, down 6% year-over-year, while gross profit margin increased by 230 basis points to 59.2%. Net income rose to $10M from $7M, and net income per diluted share grew to $0.26 from $0.18. Adjusted net income per diluted share remained flat at $0.50. Adjusted EBITDA increased 2% to $25M. The company achieved a record Annualized Recurring Revenue (ARR) of $113M, up 9%. Cash flow from operations was $25M, compared to $18M in the prior year. Digi reduced its net outstanding debt to $152M and debt net of cash to $123M. In the IoT Product & Services segment, revenue fell by $7.4M to $80M, while ARR increased by 5% to $23M. The IoT Solutions segment saw a slight revenue increase of $0.3M to $25M, with ARR up 10% to $90M. For Q4 2024, Digi projects revenue of $102M to $106M and adjusted net income per share of $0.48 to $0.52.
Digi International (NASDAQ: DGII) and Atsign have announced the integration of NoPorts™ on Digi IX40 cellular routers, enhancing security for Industry 4.0 deployments. This collaboration aims to provide robust and secure remote access to critical edge infrastructure. NoPorts offers a zero-trust connection using cryptographic authentication and end-to-end encryption, eliminating the need for exposed Internet-facing ports and reducing the attack surface for critical devices.
Key benefits of NoPorts include dynamic network compatibility, universal protocol support, simplified management, and enhanced visibility. This integration addresses the growing demand for secure remote access in managing geographically dispersed edge devices, important for Industry 4.0 applications.
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