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.
Digerati Technologies Inc (DTGI) delivers cloud-based telephony and UCaaS solutions for global business communications. This news hub provides investors and industry professionals with essential updates on strategic developments, financial performance, and technological innovations.
Access authoritative coverage of earnings reports, partnership announcements, product enhancements, and market expansion initiatives. Our curated collection ensures you stay informed about DTGI's role in transforming SMB communications through its carrier-grade network and integration capabilities.
Discover updates spanning cloud PBX deployments, acquisition strategies, and service optimizations. All content is verified for accuracy and relevance, supporting informed decision-making without speculative commentary.
Bookmark this page for streamlined access to Digerati's evolving position in the telecommunications sector. Check regularly for objective reporting on how DTGI continues to advance cloud communication infrastructure worldwide.
Digerati Technologies (OTCQB: DTGI) has launched a new contact center solution that integrates communication channels, including web chat and social media platforms like Facebook, Twitter, and WhatsApp, into a single cloud-based interface. This product targets small to medium-sized businesses (SMBs) and supports the growing demand for omnichannel communication. Digerati's solution aims to improve customer engagement, retention, and accessibility for businesses of all sizes, making advanced communication tools more affordable and scalable.
Digerati Technologies, Inc. (OTCQB: DTGI) reported strong financial results for the second quarter of Fiscal Year 2021, ending January 31, 2021. Revenue surged 114% to $3.326 million, while gross profit rose 142% to $1.892 million, marking a gross margin improvement to 56.9%. Adjusted EBITDA reached $0.247 million, a significant turnaround from a loss of $0.081 million a year prior. The acquisition of Nexogy and ActivePBX contributed to these gains, although the average monthly revenue per customer decreased from $731 to $485. A net loss of $1.955 million was recorded, up 328% year-over-year.
Digerati Technologies (OTCQB: DTGI) has announced that CEO Arthur L. Smith will present at the Q1 Virtual Investor Summit on March 23, 2021, at 2:30 PM Eastern Time. The conference aims to connect small-cap companies with qualified investors, featuring about 100 firms and over 300 investors. Mr. Smith's presentation will cover the company's strategy, including its recent acquisitions of Nexogy and ActivePBX, and its offerings in UCaaS for the SMB market. Registration is available at the investor summit's official website.
Digerati Technologies, Inc. (OTCQB: DTGI) announced that CEO Arthur L. Smith will present at the Inaugural Emerging Growth Virtual Conference on March 17-18, 2021. This event, hosted by M Vest LLC and Maxim Group LLC, will feature discussions with C-suite executives and presentations from various emerging companies, including those in the TMT sector. Attendees can gain insights from industry leaders and access exclusive content by becoming an M-Vest member. Digerati specializes in UCaaS solutions for SMBs, providing flexible and reliable communications services.
Digerati Technologies (OTCQB: DTGI) announced the elimination of its entire derivative liability related to convertible notes, improving its financial outlook. The notes were extinguished by converting them into equity and restructuring them into a new one-year note with a fixed-priced floor. This move is anticipated to boost future financial results by reducing P&L expenses. Digerati currently generates over $14 million in annual revenue and is positive cash flow generating, supported by a new $20 million credit facility, aiming for uplisting to a major U.S. exchange in 2021.
FAQ
What is the current stock price of Digerati Technologies (DTGI)?
What is the market cap of Digerati Technologies (DTGI)?
