Digi International is a global provider of business and mission-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. The Company helps its customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Digi creates secure, easy to implement embedded solutions and services to help customers build IoT connectivity. The Company also deploys ready to use, complete box solutions to connect remote machinery. In addition, it manages cloud services, offers professional services and complete IoT solutions, offers automated wireless temperature monitoring as well as employee task management services to restaurants, convenience stores, warehouses and other businesses that have perishable or temperature sensitive goods.

Employee Rating

2.7More
TypePublic
HQMinnetonka, US
Founded1985
Size (employees)514 (est)
Websitedigi.com
Digi International was founded in 1985 and is headquartered in Minnetonka, US
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Key People/Management at Digi International

Ron Konezny

Ron Konezny

President and CEO
Gokul Hemmady

Gokul Hemmady

Senior Vice President, Chief Financial Officer and Treasurer
Kevin Riley

Kevin Riley

SVP, Chief Operating Officer
Scott Nelson

Scott Nelson

VP of Product
Jon Nyland

Jon Nyland

VP of Manufacturing Operations
Tracy Roberts

Tracy Roberts

VP of Technology Services, CIO
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Digi International Office Locations

Digi International has offices in Minnetonka, Pudong Xinqu, , Rocklea and in 13 other locations
Minnetonka, (HQ)
11001 Bren Rd E
Boston,
8th Floor 186 Lincoln St
Eden Prairie,
10000 W 76th St
Herndon,
500 610 Herndon Pkwy
Lindon,
180 355 S 520 W
Mishawaka,
435 Park Pl Cir
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Digi International Financials and Metrics

Digi International Revenue

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Digi International's revenue was reported to be $191.05 m in FY, 2018
USD

Revenue (FY, 2018)

191.1m

Gross profit (FY, 2018)

94.7m

Gross profit margin (FY, 2018), %

49.6%

Net income (FY, 2018)

1.3m

EBIT (FY, 2018)

2.3m

Market capitalization (4-Dec-2018)

304.3m

Closing stock price (4-Dec-2018)

11.1

Cash (30-Sep-2018)

58.0m
Digi International's current market capitalization is $304.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

195.4m192.7m212.9m203.0m181.6m191.1m

Revenue growth, %

(1%)10%(5%)(11%)

Cost of goods sold

95.3m102.2m114.8m103.3m94.5m96.3m

Gross profit

100.1m90.5m98.0m99.7m87.2m94.7m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

47.3m45.9m47.9m48.7m53.2m54.5m50.3m50.2m52.1m45.2m45.6m45.7m45.2m100.0m162.7m

Cost of goods sold

24.4m24.1m25.7m26.8m29.1m29.2m25.9m25.4m26.2m23.7m23.7m23.3m23.3m51.4m84.8m

Gross profit

22.9m21.8m22.1m21.9m24.1m25.3m24.4m24.7m26.0m21.5m21.9m22.5m21.9m48.6m77.9m

Gross profit Margin, %

48%47%46%45%45%46%48%49%50%47%48%49%49%49%48%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

41.3m47.5m45.0m75.7m78.2m58.0m

Accounts Receivable

26.8m28.6m29.2m28.7m28.9m50.8m

Inventories

26.1m31.2m31.9m26.3m30.2m41.6m

Current Assets

149.3m147.7m160.2m195.6m174.4m163.0m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

50.5m43.6m55.9m45.0m45.7m53.8m52.2m67.3m61.1m81.1m71.9m92.1m45.6m52.4m47.7m

Accounts Receivable

23.8m25.9m24.7m23.3m28.6m24.4m24.9m28.6m28.5m28.0m28.7m28.6m30.3m39.8m48.2m

Inventories

30.5m30.6m30.5m33.4m33.9m34.7m30.1m25.7m26.0m24.3m30.5m33.0m31.1m39.7m41.8m

Current Assets

160.7m153.8m151.9m142.9m155.6m156.4m165.1m176.9m186.0m192.0m173.6m176.5m140.0m140.3m146.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

5.8m1.8m6.6m16.7m9.4m1.3m

Inventories

(3.0m)(6.0m)(1.9m)4.0m(4.5m)(9.2m)

Accounts Payable

1.4m970.0k(3.8m)1.6m(3.5m)2.7m

Cash From Operating Activities

11.7m1.8m14.1m27.1m2.5m(2.8m)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

688.0k1.4m1.3m(339.0k)1.4m3.6m6.5m8.6m12.9m2.4m3.7m5.0m(4.6m)(4.9m)(2.3m)

Inventories

34.7m30.1m25.7m26.0m24.3m30.5m

Accounts Payable

7.0m6.9m7.3m8.7m7.9m10.8m

Cash From Operating Activities

(337.0k)(3.2m)2.5m9.0m3.6m11.5m20.6m(2.0m)(877.0k)(458.0k)(1.3m)(5.0m)(8.8m)
USDY, 2018

Revenue/Employee

371.7k

Financial Leverage

1.1 x
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Digi International Operating Metrics

Digi International's Backlog was reported to be $25.3m in FY, 2016. Digi International's Customers was reported to be 25 k in Jun, 2017.
FY, 2014FY, 2015FY, 2016Jun, 2017

Backlog

$26.20 m$27.20 m$25.30 m

Customers

25 k

Partners

250

Patents and Patent Applications

111
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Digi International Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Accelerated ConceptsJanuary 22, 2018$17 m

Digi International Revenue Breakdown

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Digi International revenue breakdown by business segment: 95.9% from M2M and 4.1% from Other

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Digi International Online and Social Media Presence

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Digi International News and Updates

ZigBee 2018 Global Market Key Players – Intel, Qualcomm, Atmel, Digi International, NXP Semiconductor, STMicroelectronics, Microchip Technology – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global ZigBee Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Digi International Brings IoT Expertise, Edge Computing to Electronica 2018 in Munich

Digi to Highlight Digi XBee3 Cellular and Solution Demonstrations at Premier Embedded Technology Industry Event MUNICH, Nov. 5 2018 /PRNewswire/ -- Digi International®, (NASDAQ: DGII), (www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and...

M2M Network Security Global Market 2018-2023: Cisco, Gemalto, Numerex, Eurotech, Digi International

Wiseguyreports.Com Publish New Market Research Report On -“M2M Network Security Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2023” Posted via Industry Today. Follow us on Twitter @IndustryToday

Digi International Announces New Global Headquarters

MINNETONKA, Minn., Oct. 5, 2018 /PRNewswire/ -- Digi International®, (NASDAQ: DGII), (www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, and Minnesota's largest IoT company, today announced a new headquarters at Excelsior Crossings in...

Digi International to Showcase IoT Infrastructure Solutions at CES 2018

The company will present its Internet of Things (IoT) connectivity products and services.
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Digi International Blogs

AWS re:Invent 2018 Rewind: Emergency Medical Rapid Responses Systems Demo with Digi and AWS IoT

In the Quad at the ARIA, also known the Experimental Center, we showcased solution-based and hardware enabled technology such as the Digi ConnectCore® 6UL SBC PRO and Digi XBee3® Cellular, shared customer impact stories, and demonstrated how to connect to AWS IoT.

MicroPython Examples for Edge Computing Part 3: Bandwidth Management

Welcome to the third post in our MicroPython series. You can find the first two at the following links: • Hands-on MicroPython Programming Examples for Edge Computing: Part 1 • Hands-on MicroPython Programming Examples for Edge Computing: Part 2 Bandwidth Management and the ROI of IoT Projects: Intr…

Building the Amazon Bridge: A Review of AWS Re:Invent 2018 #reInvent

AWS re:Invent once again wows with services that help IoT developers cross the chasm from edge device to cloud success I spent the week at AWS re-Invent 2018 with the tens of thousands other IoT pilgrims.  Once again Amazon wowed attendees with a raft of new services and announcements for both enter…

Embedded Solutions and Edge-Computing Demos, Talks by IoT Experts at #ele18

The Digi team was in Munich, Germany for the Electronica tradeshow, November 13-16, 2018. We had a great time talking with our booth visitors about emerging technologies, the functionality and use cases of our IoT solutions, and what’s coming. We also enjoyed sharing our demos with the many people w…

Hands-on MicroPython Programming Examples for Edge Computing: Part 2

In our first post in the MicroPython programming for the edge series, we talked about how to collect sensor readings and make sense of them using the Digi XBee3 Cellular LTE-M Kit, as well as Digi’s free configuration software, XCTU, and some simple MicroPython code. Welcome to Part 2 of this series…
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Digi International Company Life and Culture

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Digi International Frequently Asked Questions

  • When was Digi International founded?

    Digi International was founded in 1985.

  • Who are Digi International key executives?

    Digi International's key executives are Ron Konezny, Gokul Hemmady and Kevin Riley.

  • How many employees does Digi International have?

    Digi International has 514 employees.

  • What is Digi International revenue?

    Latest Digi International annual revenue is $191.1 m.

  • What is Digi International revenue per employee?

    Latest Digi International revenue per employee is $371.7 k.

  • Who are Digi International competitors?

    Competitors of Digi International include Mydevices, Baylin Technologies and Cassia Networks.

  • Where is Digi International headquarters?

    Digi International headquarters is located at 11001 Bren Rd E, Minnetonka.

  • Where are Digi International offices?

    Digi International has offices in Minnetonka, Pudong Xinqu, , Rocklea and in 13 other locations.

  • How many offices does Digi International have?

    Digi International has 17 offices.