Digi Intl Inc Stock Price, News & Analysis

Digi International (NASDAQ: DGII) has launched a new add-on service called Digi WAN Bonding, which enhances network performance by delivering true Gigabit speeds and improved reliability for enterprise, industrial, and transportation IoT applications. This service integrates with Digi's existing technology stack and utilizes the edge intelligence of Digi Accelerated Linux (DAL) OS, allowing users to manage multiple WAN connections for better throughput and seamless failover. Key benefits include increased bandwidth for video and file sharing, improved reliability with hot failover protection, and potential cost savings from leveraging multiple ISPs. This collaboration with Bondix Intelligence offers a maximum throughput speed of 1 Gbps, surpassing competitors' offerings.

Digi International will release its financial results for the second fiscal quarter of 2023 on May 4, 2023, before market open at approximately 8:00 a.m. ET.

The results will be discussed in a conference call hosted by CEO Ron Konezny and CFO Jamie Loch at 10:00 a.m. ET. Investors can pre-register for the call and access the live webcast via Digi's investor relations website.

Digi specializes in Industrial Internet of Things (IIoT) products and has connected over 100 million devices. The company aims to support customers in building connected products and managing secure communication infrastructures.

Digi International (NASDAQ: DGII) has launched the Digi Connect EZ® 8/16/32, enhancing their range of secure and scalable device servers for industrial automation and IoT applications. This new product line demonstrates Digi's commitment to providing robust connectivity solutions to critical sectors like utilities, aerospace, and logistics.

The Digi Connect EZ family includes features such as cellular support, centralized management through Digi Remote Manager®, and a one-year subscription to the LifeCycle Assurance Program, offering 24/7 expert technical assistance. This rollout is focused on enabling customers to address the challenges of the Industrial Internet of Things (IIoT) effectively. With advancements in scalability, reliability, and capability, these devices promote seamless integration and management of remote assets.

Digi International (NASDAQ: DGII) has launched the Digi XBee 3 Global Cellular family, which includes the Cellular LTE Cat 1 and Cellular LTE-M/NB-IoT smart modems designed for global deployment. These modules aim to streamline IoT connectivity with pre-certified solutions that reduce costs and development time. They feature features like BLE, GNSS positioning, and support for LTE Cat 1, LTE-M, and NB-IoT networks. The modems promise low-power consumption and are suitable for applications in various sectors, facilitating reliable cellular communication worldwide.

Digi International (NASDAQ: DGII) has launched the Digi ConnectCore® MP13, a compact, low-profile wireless module designed for IoT applications, offering pre-certified Wi-Fi 5 and Bluetooth 5.2 connectivity. This system-on-module (SOM) provides OEMs with scalable solutions for sectors like medical, smart energy, and industrial, enhancing design flexibility and reducing time-to-market. Key features include a single Cortex-A7 processor, dual Ethernet connectivity, and the embedded Digi TrustFence® security framework. The MP13 is part of a product family aimed at supporting long product lifecycles and robust development tools, streamlining deployment and management of connected devices.

Digi International has launched the Digi ConnectCore 93 system-on-module (SOM), which is based on the NXP i.MX 93 processor. This advanced SOM is designed for various IoT applications, enhancing speed-to-market while reducing costs. Key features include wireless connectivity, power efficiency, and a robust security framework through Digi TrustFence. The platform supports integrated memory and offers dual-band Wi-Fi 6 and Bluetooth 5.2. Additionally, the i.MX 93 processor ensures longevity, supported by NXP's Product Longevity Program. The launch showcases Digi's commitment to empowering manufacturers with advanced technology.

Digi International Inc. disclosed its exposure to Silicon Valley Bank (SVB) following its closure by the California Department of Financial Protection and Innovation on March 10, 2023. Digi has deposits over $2 million at SVB, making up about 5% of its cash and cash equivalents, which are largely uninsured. Although the FDIC will provide an advance dividend to uninsured depositors, recovery of funds from SVB remains uncertain. Despite this situation, Digi's remaining cash exceeding $35 million is primarily held at BMO Harris Bank, and the company believes it has sufficient cash flow to meet operational needs for the next 12 months.