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Digerati Technologies, Inc. - $DTGI STOCK NEWS

Welcome to our dedicated page for Digerati Technologies news (Ticker: $DTGI), a resource for investors and traders seeking the latest updates and insights on Digerati Technologies stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Digerati Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Digerati Technologies's position in the market.

Rhea-AI Summary
Digerati Technologies, Inc. highlights its market reach by providing cloud services specializing in UCaaS solutions for SMBs across California, Texas, and Florida. With an average customer tenure of eight years, Digerati serves over 44,000 business users, offering standardized equipment, streamlined billing, and 24/7 customer service. The company aims to gain market share in the SMB sector through exceptional customer care and single-source communication solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
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Rhea-AI Summary
Digerati Technologies, Inc. (DTGI) reports record high Non-GAAP Adjusted Operating EBITDA Income, focusing on profitability and customer support. Revenue decreased, but gross margin increased. Net loss incurred, but Non-GAAP operating EBITDA income rose.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.71%
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Rhea-AI Summary
Digerati Technologies, Inc. (DTGI) announces that its operating subsidiary, Verve Cloud, Inc, has been Great Place to Work-Certified™ for 2024. The certification is a result of the company's consistent dedication to its employees' overall experience, as evidenced by the real-time feedback from the Trust Index™ survey. Verve has been recognized as one of the top companies to work for, providing a great workplace environment for its employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.08%
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none
Rhea-AI Summary
Digerati Technologies, Inc. (OTCQB: DTGI) announced financial results for the three months ended October 31, 2023, with revenue decreasing 6% to $7.654 million, gross profit decreasing 3% to $5.103 million, and gross margin increasing to 66.7% compared to the same period in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.2%
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none
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Rhea-AI Summary
Digerati Technologies, Inc. (DTGI) reported a 31% increase in revenue to $31.623 million, a 37% increase in gross profit to $20.337 million, and a 64.3% gross margin for the twelve months ended July 31, 2023. The company's Non-GAAP Adjusted Operating EBITDA was $4.774 million, representing a 34% increase. However, the net loss attributable to common shareholders increased by 3% to $8.299 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Digerati Technologies announces CEO Arthur L. Smith's temporary medical leave of absence
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.69%
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none
Rhea-AI Summary
Digerati Technologies highlights accomplishments in FY2023 and outlines strategic initiatives for future growth
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
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Rhea-AI Summary
Digerati Technologies, Inc. announces financial results for the third quarter and nine months ended April 30, 2023. Key highlights include a 50% increase in revenue, a 56% increase in gross profit, and a 25% increase in non-GAAP Adjusted EBITDA income for the nine-month period compared to the previous year. The company experienced a decrease in revenue and net loss for the third quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.49%
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none
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Rhea-AI Summary
Digerati Technologies, a provider of cloud services, has filed a proxy statement for a special meeting of stockholders to vote on a Business Combination Agreement. The Special Meeting has been postponed multiple times and is now scheduled for a date on or prior to June 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.43%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
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Digerati Technologies, Inc.

OTC:DTGI

DTGI Rankings

DTGI Stock Data

4.72M
143.69M
17.99%
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United States of America
San Antonio