EDISON, N.J.--(BUSINESS WIRE)--Opengear, a Digi International company (NASDAQ, DGII, www.digi.com) and provider of secure and Smart Out of Band management solutions, today announced the launch of its enhanced Technical Certification Program, aimed at empowering IT professionals and network engineers in the Opengear network of channel and distribution organizations with comprehensive technical expertise to address evolving network challenges on the First Day, Worst Day, and Every Day. Developed by Opengea ...

EDISON, N.J.--(BUSINESS WIRE)--Opengear, a Digi International Inc. company (NASDAQ, DGII, www.digi.com) and provider of secure and Smart Out of Band management solutions, today launched Smart Management Fabric, extending the value and functionality of Opengear’s Network Resilience platform with dynamic routing-based IP access. Lighthouse Automation Edition (AE) and Opengear's appliance software have been upgraded to include dynamic routing, allowing for a complete management network overlay. These update ...

Shares of Internet of Things service provider Digi International (DGII 14.27%) jumped as much as 16.2% in trading on Thursday after the company reported fiscal first-quarter 2024 financial results. Shares were volatile in trading but were still up 12.5% at 2:30 p.m. ET.Digi beats expectationsVolumes were under pressure across the board, which led to a drop on the top line. Revenue fell 3% to $106.1 million in the quarter, and net loss was $3 million, or $0.08 per share. Adjusted earnings per share were $0.4 ...

Digi International Inc. (NASDAQ:DGII) Q1 2024 Earnings Conference Call February 1, 2024 10:00 AM ET Company Participants Jamie Loch - Executive Vice President, Chief Financial Officer and Treasurer Ron Konezny - President and Chief Executive Officer Conference Call Participants Tommy Moll - Stephens Scott Searle - ROTH MKM Michael Walkley - Canaccord Genuity Harsh Kumar - Piper Sandler Anthony Stoss - Craig-Hallum Operator Good day and thank you for standing by and welcome to the Fiscal Q1 2024 Digi Interna ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-34033 DIGI INTERNATIONAL INC. (Exact name of registrant as specified in its charter) Delaware 41-1532464 (State or other jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-34033 DIGI INTERNATIONAL INC. (Exact name of registrant as specified in its charter) Delaware 41-1532464 (State or other jurisdiction of ...

Digi International Inc. (NASDAQ:DGII) Q4 2023 Earnings Conference Call November 9, 2023 10:00 AM ET Company Participants Jamie Loch - Chief Financial Officer Ron Konezny - President and CEO Conference Call Participants Tommy Moll - Stephens Mike Walkley - Canaccord Genuity Scott Searle - ROTH MKM Robert Aguanno - Piper Sandler Anthony Stoss - Craig-Hallum Greg Mesniaeff - Westpark Capital Operator Good day. And welcome to the Digi International Fiscal Fourth Quarter 2023 Earnings Conference Call. At this ti ...

Financial Data and Key Metrics Changes - The company achieved its second of three $100 million goals in annualized recurring revenue (ARR) [4] - The company reported its 10th consecutive record revenue quarter, indicating sustained growth [86] Business Line Data and Key Metrics Changes - There was year-over-year growth across all product lines, with particular strength noted in the OEM solutions business, including medical devices and EV charging [15][28] - The ARR is approaching one-quarter of total revenue, providing a buffer against seasonality [79] Market Data and Key Metrics Changes - The company is seeing increased demand in various sectors, including renewables, EV charging, and medical devices, with a strong performance in the utility segment [63][60] - The company is focused on North America and Europe, with specific attention to local regulations and market dynamics in different countries [25] Company Strategy and Development Direction - The company is focused on building a solution mindset, emphasizing the value proposition of its offerings to customers [82] - There is a strategic emphasis on hardware-enabled recurring revenue, which is seen as a sweet spot for the company [99] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain challenges but noted gradual improvements [91] - The company expects to see some normalization in fiscal '24, despite facing near-term headwinds [7] Other Important Information - The company is actively pursuing acquisitions that align with its solution strategy and aim to enhance ARR [80] - The company is preparing for future opportunities in Europe, focusing on country-specific strategies rather than a broad approach [100] Q&A Session Summary Question: What is driving the recent growth in ARR? - Management noted that there has been significant improvement both year-over-year and quarter-over-quarter, with growth across all product lines [15] Question: How is the company addressing supply chain challenges? - Management indicated that while supply chain issues persist, they are gradually improving, and the company is embedding secure parts into its outlook [41][91] Question: What is the company's approach to M&A in the current environment? - The company is focusing on fewer, larger opportunities that have significant ARR potential, while also looking to pay down debt more aggressively [94][95] Question: How is the company managing inventory levels? - Management stated that inventory balances are expected to normalize, with a historical target of around 3x turns on finished goods [43] Question: What are the expectations for the EV charging market? - Management highlighted the significant opportunity in managing EV charging platforms, emphasizing the importance of uptime and availability [60][35]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-34033 DIGI INTERNATIONAL INC. (Exact name of registrant as specified in its charter) Delaware 41-1532464 (State or other jurisdiction ...

Digi International, Inc. (NASDAQ:DGII) Q2 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants James Loch - EVP, CFO & Treasurer Ronald Konezny - President, CEO & Director Conference Call Participants Thomas Moll - Stephens Inc. Scott Searle - ROTH MKM Anthony Stoss - Craig-Hallum Derek Soderberg - Cantor Fitzgerald & Co. Michael Walkley - Canaccord Genuity Harsh Kumar - Piper Sandler & Co. Operator Good day, and thank you for standing by. Welcome to the Digi International second fisca ...