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Digi International

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    • Mobile & TelecommunicationsTechnologycloud platforms(PaaS)communication equipmentdeveloper toolsinternet of thingswireless

    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.

    Revenue(FY, 2017)
    $181.6 M
    Market capitalization(2018-09-19)
    $358.2 M
    Customers(Jun, 2017)
    $25 K
    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
    Show more

    Digi International Office Locations

    Digi International has offices in Chaoyang Qu, Pudong Xinqu, Rocklea, Tokyo and in 12 other locations
    Minnetonka, US (HQ)
    11001 Bren Rd E
    Boston, US
    8th Floor 186 Lincoln St
    Eden Prairie, US
    10000 W 76th St
    Herndon, US
    500 610 Herndon Pkwy
    Lindon, US
    180 355 S 520 W
    Mishawaka, US
    435 Park Pl Cir
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    Digi International Financials and Metrics

    Digi International Revenue

    Embed Graph
    Digi International's revenue was reported to be $181.63 m in FY, 2017 which is a 10.5% decrease from the previous period.
    USD

    Revenue (Q3, 2018)

    		162.7 m

    Gross profit (Q3, 2018)

    		77.9 m

    Gross profit margin (Q3, 2018), %

    		47.9%

    Net income (Q3, 2018)

    		(2.3 m)

    EBIT (Q3, 2018)

    		417 k

    Market capitalization (19-Sep-2018)

    		358.2 m

    Closing stock price (19-Sep-2018)

    		13.2

    Cash (30-Jun-2018)

    		47.7 m
    Digi International's current market capitalization is $358.2 m.
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

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

    Revenue growth, %

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

    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, 2018Q3, 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 m162.7 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 m84.8 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 m77.9 m

    Gross profit Margin, %

    		48%47%46%45%45%46%48%49%50%47%48%49%49%49%48%
    show all
    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, 2018Q3, 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 m47.7 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 m48.2 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 m41.8 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 m146 m
    show all
    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, 2018Q3, 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)(2.3 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)(8.8 m)
    show all
    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
    Show all operating metrics

    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: 95.9% from M2M and 4.1% from Other

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    Competitors

    Baylin Technologies
    Manufacturing & Industrial - Public
    Mydevices
    Technology - Private
    Kimera Systems
    Technology - Private
    Wivity
    Technology - Private
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    Digi International Online and Social Media Presence

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    Digi International News and Updates

    December 20, 2017

    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 Company Life and Culture

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