OverviewSuggest Edit

Digi International is a provider of business and mission-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. It also deploys box solutions to connect remote machinery. The company manages cloud services, offers professional services and IoT solutions, 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.
TypePublic
Founded1985
HQHopkins, MN, US
Websitedigi.com
Employee Ratings3
Overall CultureC-

Latest Updates

Employees (est.) (Sept 2020)656(+21%)
Job Openings12
Revenue (FY, 2021)$308.6 M(+11%)
Share Price (Jan 2022)$22.1(-2%)
Cybersecurity ratingCMore
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Key People/Management at Digi International

Ronald E. Konezny

Ronald E. Konezny

President and Chief Executive Officer
Kevin Riley

Kevin Riley

President, IoT Solutions
Brad Cole

Brad Cole

Enterprise Software Development Director
Brian Kirkendall

Brian Kirkendall

Vice President, Product Management
David Sampsell

David Sampsell

Vice President, Corporate Development, General Counsel & Corporate Secretary
Jamie Loch

Jamie Loch

Senior Vice President, Chief Financial Officer and Treasurer
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Digi International Office Locations

Digi International has offices in Hopkins, Boston, Eden Prairie, Edison and in 11 other locations
Hopkins, MN, US (HQ)
9350 Excelsior Blvd #700
Boston, MA, US
186 Lincoln St 8th Floor
Eden Prairie, MN, US
10000 W 76th St
Edison, NJ, US
110 Fieldcrest Ave 6th floor
Mishawaka, IN, US
4101 Edison Lakes Pkwy #250
Sandy, UT, US
9270 S 500 W j
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Digi International Financials and Metrics

Digi International Revenue

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Digi International's revenue was reported to be $308.63 m in FY, 2021 which is a 10.5% increase from the previous period.
USD

Revenue (FY, 2021)

308.6m

Revenue growth (FY, 2020 - FY, 2021), %

10.5%

Gross profit (FY, 2021)

166.7m

Gross profit margin (FY, 2021), %

54%

Net income (FY, 2021)

10.4m

EBIT (FY, 2021)

10.5m

Market capitalization (25-Jan-2022)

778.2m

Closing stock price (25-Jan-2022)

22.1

Cash (30-Sept-2021)

152.4m

EV

692.6m
Digi International's current market capitalization is $778.2 m.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

254.2m279.3m308.6m

Revenue growth, %

11%10%11%

Cost of goods sold

135.2m135.3m142.0m

Gross profit

119.0m144.0m166.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

62.3m65.8m61.2m62.3m73.4m70.3m73.1m77.3m79.1m

Cost of goods sold

32.5m35.4m32.8m31.9m34.8m33.0m32.1m36.8m36.5m

Gross profit

29.8m30.3m28.3m30.5m38.6m37.3m41.0m40.5m42.6m

Gross profit Margin, %

48%46%46%49%53%53%56%52%54%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

92.8m54.1m152.4m

Accounts Receivable

56.4m59.2m43.7m

Inventories

39.8m51.6m43.9m

Current Assets

192.5m170.1m246.7m
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

10.0m8.4m10.4m

Depreciation and Amortization

13.4m19.3m20.9m

Inventories

(1.1m)(11.1m)4.7m

Accounts Payable

8.2m3.2m(5.6m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

4.7m6.0m7.7m208.0k2.2m4.0m(307.0k)2.6m5.8m

Depreciation and Amortization

3.7m6.8m10.0m3.6m8.9m14.2m5.1m10.1m15.2m

Cash From Operating Activities

6.1m6.2m22.5m(22.1m)(12.7m)19.2m8.3m21.3m42.1m

Purchases of PP&E

(1.8m)(7.3m)(8.6m)(196.0k)(434.0k)(693.0k)(777.0k)(1.3m)(1.6m)
USDQ1, 2019

Financial Leverage

1.1 x

P/E Ratio

59.4
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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

$26.2 m$27.2 m$25.3 m

Customers

25 k

Partners

250

Patents and Patent Applications

111
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Digi International Acquisitions / Subsidiaries

Company NameDateDeal Size
Ventus WirelessNovember 02, 2021$347.4 m
CTEKJuly 06, 2021
HaxiotMarch 29, 2021
Opengear, Inc.December 13, 2019$148.1 m
Accelerated ConceptsJanuary 22, 2018$17 m
TempAlertOctober 23, 2017$45 m
SMART TempsJanuary 10, 2017
FreshTempNovember 02, 2016
EtheriosNovember 09, 2015$20.5 m
bluenicaOctober 06, 2015
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Digi International Revenue Breakdown

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Digi International revenue breakdown by business segment: 14.4% from IoT Solutions and 85.6% from IoT Products & Services

Digi International revenue breakdown by geographic segment: 11.2% from Rest of World, 73.8% from North America, primarily the United States and 14.9% from Europe, Middle East & Africa

Digi International Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

Digi International Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Digi International Online and Social Media Presence

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Digi International Company Culture

  • Overall Culture

    C-

    65/100

  • CEO Rating

    B-

    69/100

  • Compensation

    B

    73/100

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Digi International News and Updates

Digi International Unveils Connect EZ Family of Device Servers

Digi International, (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, today announced the launch of Connect EZ®, a next-generation family of device servers providing connectivity for business, commercial, and industrial automation…

Digi International Named As CES 2022 Innovation Awards Honoree

Digi International®, (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, today announced that it has been named a CES® 2022 Innovation Awards Honoree in the Smart Cities category for its TX64 5G/LTE-Advanced Cellular Router.

Digi International Acquires Ventus Holdings, Leader in Managed Network-as-a-Service

Digi International, (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, today announced it has acquired Connecticut-based Ventus Holdings, a leader in Managed Network-as-a-Service (MNaaS) solutions that simplify the complexity of en…

Digi International Appoints TOPAS as a European Distributor for its Embedded Products Portfolio

Digi International®, (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, has appointed TOPAS electronic AG (TOPAS) as its distributor in Germany, Switzerland and Austria. Under the terms of the agreement, Digi ConnectCore® system on…

Yocto Application Development Using Qt

With Qt Creator developers have a complete, cross-platform integrated development environment (IDE) for simplified application development on Digi ConnectCore® SOMs.

Digi XBee MicroPython PyCharm Extensions

Using the Digi XBee® PyCharm integrated development environment (IDE) plugin allows developers to significantly decrease complexity and development time in the process of creating edge intelligence on Digi RF-based IoT devices. It can be used to create Python or MicroPython projects from scratch or …
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Digi International Blogs

Introducing the Digi Connect EZ Family of Serial Device Servers

When you need a reliable serial connection for your mission-critical equipment, paired with ease-of-use, Digi Connect EZ is the right solution, offering click-to...

IoT and the Supply Chain: How Machine Learning Eases Bottlenecks

IoT and the supply chain today go hand in hand, and in fact logistics tracking is one of the most prevalent Internet of Things sectors. Supply chain management...

Change Dominated 2021; Cautious Optimism for 2022

In 2021, Digi International experienced a year of change and growth, in spite of the Covid 19 challenges. In this blog post, Digi President and CEO Ron Konezny...

What Do Pizza and IoT Have in Common?

IoT projects, like pizza, come in many different varieties. In this blog post we take a look at how the IoT is like pizza. It might help you understand why the...
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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 Ronald E. Konezny, Kevin Riley and Brad Cole.

  • How many employees does Digi International have?

    Digi International has 656 employees.

  • What is Digi International revenue?

    Latest Digi International annual revenue is $308.6 m.

  • What is Digi International revenue per employee?

    Latest Digi International revenue per employee is $470.5 k.

  • Who are Digi International competitors?

    Competitors of Digi International include CalAmp, Sierra Wireless and Baylin Technologies.

  • Where is Digi International headquarters?

    Digi International headquarters is located at 9350 Excelsior Blvd #700, Hopkins.

  • Where are Digi International offices?

    Digi International has offices in Hopkins, Boston, Eden Prairie, Edison and in 11 other locations.

  • How many offices does Digi International have?

    Digi International has 15 offices.