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 reported second fiscal quarter 2024 results with revenue of $108 million, 3% decrease from the previous year. Net income was $4 million, down from $6 million. Gross profit margin increased to 57.9%. Cash flow from operations was $13 million. Annualized Recurring Revenue (ARR) reached $110 million, up 11%. Operating income and adjusted EBITDA remained flat year over year. IoT Product & Services segment revenue decreased by $2.5 million, while IoT Solutions segment revenue decreased by $0.9 million. The company reiterated its commitment to doubling ARR and Adjusted EBITDA to $200 million in the next five years. However, the third fiscal quarter 2024 revenue is estimated to be $103 million to $107 million with a projected 5% ARR growth for the fiscal year. Adjusted EBITDA is expected to be between $24.0 million and $25.5 million.
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