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.

Type
Public
HQ
Minnetonka, US
Founded
1985
Size (employees)
514 (est)
Website
digi.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

SVP, CFO 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 an office in Minnetonka
Minnetonka, US (HQ)
11001 Bren Rd E
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Digi International Financials and Metrics

Digi International Financials

Digi International's revenue was reported to be $181.63 m in FY, 2017
USD

Revenue (Q2, 2018)

100 m

Gross profit (Q2, 2018)

48.6 m

Gross profit margin (Q2, 2018), %

48.6%

Net income (Q2, 2018)

(4.9 m)

EBIT (Q2, 2018)

(1.6 m)

Market capitalization (22-Jun-2018)

374.7 m

Closing share price (22-Jun-2018)

13.8

Cash (31-Mar-2018)

52.4 m
Digi International's current market capitalization is $374.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

195.4 m192.7 m212.9 m203 m181.6 m

Revenue growth, %

(1%)10%(5%)

Cost of goods sold

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

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

Net Income

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

Inventories

(3 m)(6 m)(1.9 m)4 m(4.5 m)

Accounts Payable

1.4 m970 k(3.8 m)1.6 m(3.5 m)

Cash From Operating Activities

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

Net Income

688 k738 k(101 k)(339 k)1.4 m2.5 m6.5 m2.1 m4.3 m2.4 m1.3 m(4.6 m)(4.9 m)

Inventories

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

Accounts Payable

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

Cash From Operating Activities

(1.3 m)(5 m)
USDY, 2018

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 Concepts (32)January 22, 2018$17 m

Digi International Revenue Breakdown

Embed Graph

Digi International revenue breakdown by business segment: 24.7% from Cellular routers and gateways, 29.2% from Network, 28.8% from Embedded and 17.3% from Radio Frequency (RF)

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Digi International Online and Social Media Presence

Embed Graph
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Digi International News and Updates

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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