Digi International
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.
| Type | Public | |
| Founded | 1985 | |
| HQ | Hopkins, MN, US | Map |
| Website | digi.com | |
| Employee Ratings | More | |
| Overall Culture | C- | More |
Recent NewsAll News
- Digi International Unveils Connect EZ Family of Device Servers
- Digi International Named As CES 2022 Innovation Awards Honoree
- Digi International Acquires Ventus Holdings, Leader in Managed Network-as-a-Service
- Digi International Appoints TOPAS as a European Distributor for its Embedded Products Portfolio
Key People/Management at Digi International
Ronald E. Konezny
President and Chief Executive Officer
Kevin Riley
President, IoT Solutions
Brad Cole
Enterprise Software Development Director
Brian Kirkendall
Vice President, Product Management
David Sampsell
Vice President, Corporate Development, General Counsel & Corporate Secretary
Jamie Loch
Senior Vice President, Chief Financial Officer and Treasurer
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
Digi International Financials and Metrics
Digi International Revenue
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
Quarterly
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 72.2m | 69.6m | 84.1m | 49.1m | 58.1m | 55.1m | 49.3m | 127.2m | 146.9m |
Accounts Receivable | 46.4m | 53.5m | 44.7m | 81.1m | 78.5m | 53.9m | 52.5m | 44.1m | 41.3m |
Inventories | 47.0m | 44.0m | 41.8m | 47.4m | 43.3m | 46.6m | 54.8m | 51.4m | 47.3m |
Current Assets | 173.7m | 175.2m | 177.9m | 185.0m | 188.4m | 166.5m | 167.3m | 234.4m | 246.3m |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 4.7m | 6.0m | 7.7m | 208.0k | 2.2m | 4.0m | (307.0k) | 2.6m | 5.8m |
Depreciation and Amortization | 3.7m | 6.8m | 10.0m | 3.6m | 8.9m | 14.2m | 5.1m | 10.1m | 15.2m |
Cash From Operating Activities | 6.1m | 6.2m | 22.5m | (22.1m) | (12.7m) | 19.2m | 8.3m | 21.3m | 42.1m |
Purchases of PP&E | (1.8m) | (7.3m) | (8.6m) | (196.0k) | (434.0k) | (693.0k) | (777.0k) | (1.3m) | (1.6m) |
| USD | Q1, 2019 |
|---|---|
Financial Leverage | 1.1 x |
P/E Ratio | 59.4 |
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.
Digi International Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Ventus Wireless | November 02, 2021 | $347.4 m |
| CTEK | July 06, 2021 | |
| Haxiot | March 29, 2021 | |
| Opengear, Inc. | December 13, 2019 | $148.1 m |
| Accelerated Concepts | January 22, 2018 | $17 m |
| TempAlert | October 23, 2017 | $45 m |
| SMART Temps | January 10, 2017 | |
| FreshTemp | November 02, 2016 | |
| Etherios | November 09, 2015 | $20.5 m |
| bluenica | October 06, 2015 |
Digi International Revenue Breakdown
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
Digi International Environment, Social & Governance (ESG) Ratings
Digi International Online and Social Media Presence
8.75k Twitter followers
Digi International has 8.75k Twitter Followers. The number of followers has increased 0.1% month over month and increased 0.3% quarter over quarter
Digi International's Trends
Twitter Engagement Stats for @digidotcom
4.8k
Tweets
2.9k
Following
8.7k
Followers
35
Tweets last 30 days
1.2
Avg. likes per Tweet
97.1%
Tweets with engagement
Digi International Company Culture
Overall Culture
C-
65/100
CEO Rating
B-
69/100
Compensation
B
73/100
Digi International News and Updates
December 08, 2021
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…
November 15, 2021
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.
November 02, 2021
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…
October 26, 2021
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…
October 25, 2021
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.
October 25, 2021
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 …
Digi International Blogs
January 13, 2022
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...
January 06, 2022
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...
December 29, 2021
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...
December 23, 2021
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...
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.
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