Following these transactions, Schneider holds 39,002 shares of Digi International (NASDAQ:DGII)'s common stock directly.
Following these transactions, Schneider holds 39,002 shares of Digi International's common stock directly.
Following these transactions, Schneider holds 39,002 shares of Digi International's common stock directly.
In other recent news, Digi International has reported a notable 9% year-over-year growth in its annual recurring revenue (ARR) during its Q4 2024 earnings call, reaching a new peak of $116 million. This rise in ARR now constitutes over 27% of the company's total revenue. Despite macroeconomic uncertainties, Digi International continues to express optimism about growth in key sectors such as AI, data centers, and renewables. The company has set a goal to achieve $200 million in ARR and adjusted EBITDA within the next five years.
In addition to these developments, Digi International aims to be net debt-free by the end of 2025 and is actively exploring acquisitions that align with its ARR growth focus. The company is also transitioning towards a focus on multi-year solution agreements and ARR. However, the company expects flat revenue growth in fiscal 2025 due to strategic shifts and discontinuation of declining product lines. Lastly, management has indicated optimism about potential increased mergers and acquisitions activity in 2025. These are some of the recent developments in the company.
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