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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, 2018)
    $191.1 M
    Market capitalization(2018-12-04)
    $304.3 M
    Customers(Jun, 2017)
    $25 K

    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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    View revenue for all periods
    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%
    show all
    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
    show all
    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)
    show all
    USDY, 2018

    Revenue/Employee

    		371.7k

    Financial Leverage

    		1.1 x
    Show all financial metrics

    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 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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    Competitors

    Mydevices
    Technology - Private
    Baylin Technologies
    Manufacturing & Industrial - Public
    Cassia Networks
    Mobile & Telecommunications - Private
    Kimera Systems
    Technology - Private
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    Digi International Online and Social Media Presence

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    Digi International News and Updates

    November 30, 2018

    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
    November 05, 2018

    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...
    October 08, 2018

    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
    October 05, 2018

    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...
    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 Blogs

    December 06, 2018

    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.
    December 03, 2018

    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…
    November 30, 2018

    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…
    November 21, 2018

    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…
    November 15, 2018

    Digi International Reports Fourth Fiscal Quarter and Full Year 2018 Results Strong Performance from Both Business Segments Drives Record Revenues

    November 13, 2018

    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.