S&P500 rises as Nvidia lifts tech, Fed minutes points to more rate cuts ahead
MINNEAPOLIS - Digi International Inc. (NASDAQ:DGII), a $1.28 billion market cap technology company with robust gross margins of 63%, announced Tuesday it will soon release Digi XBee for Wi-SUN, a solution designed for deploying interoperable IP-based mesh networks across smart city, utility, renewable energy, and industrial IoT applications. According to InvestingPro analysis, the company maintains a "GREAT" financial health score, suggesting strong operational efficiency.
The new offering combines hardware modules, border routers, and network management tools built on the Wi-SUN (Wireless Smart Ubiquitous Network) protocol, an IPv6-based sub-GHz mesh networking technology that has been deployed in over 100 million devices globally. With annual revenue of $420.94 million and a conservative debt-to-equity ratio of 0.08, Digi International appears well-positioned to support this product expansion.
According to the company’s press release, the solution includes modules built on Silicon Labs’ (NASDAQ:SLAB) EFR32 platform that function as smart mesh nodes with edge processing capabilities. The system also features Digi XBee Hive Border Routers that serve as network gateways with built-in connectivity options and Digi Remote Manager for cloud-based network management.
"Working with Silicon Labs, we are delivering the industry’s first complete Wi-SUN end-to-end solution that is interoperable and optimized to work seamlessly together from day one," said Mike Rohrmoser, Vice President of Product Management, OEM Solutions at Digi International.
Rob Shane, Vice President of Mass Market Sales and Applications at Silicon Labs, added that solutions like Digi XBee for Wi-SUN "reduce product development complexity, while allowing customers to focus on delivering innovation in real-world applications."
The Wi-SUN protocol supports both battery-operated and powered infrastructure nodes with data rates from 50 kbps to 2.4 Mbps. Digi stated its solution will be compatible with the existing Wi-SUN ecosystem through the official Wi-SUN CERTIFIED program.
The company also highlighted that its support for Cisco OpenCSMP could enable integration with existing utility Wi-SUN networks, potentially reducing deployment costs for smart city and industrial IoT applications.
Digi did not specify pricing or exact availability dates for the new solution in its announcement.
In other recent news, Digi International Inc. reported earnings for its fiscal third quarter of 2025 that exceeded expectations. The company achieved earnings per share of $0.53, surpassing the projected $0.47. Additionally, revenue reached $108 million, which was higher than the anticipated $106.17 million. In a strategic move, Digi International acquired Jolt Software for approximately $145.5 million in cash. This acquisition is set to integrate Jolt into Digi’s SmartSense business unit and is expected to be immediately beneficial to adjusted earnings per share. These developments reflect the company’s ongoing efforts to strengthen its market position and expand its operational capabilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.