Digi International Reports Second Fiscal Quarter 2. Results. Digi International Inc. Bc Mine Rescue Manual. DGII, a leading global provider of machine to machine M2. TB2ANtreFXXXXbnXpXXXXXXXXXX_!!2261361054.jpg' alt='Digi Rabbit Field Utility' title='Digi Rabbit Field Utility' />M and Internet of Things Io. T connectivity products and services, reported revenue of 4. Net income for the second fiscal quarter of 2. EBITDA from Continuing Operations Earnings Before Interest, Taxes, Depreciation and Amortization in the second fiscal quarter of 2. Please see Reconciliation of Income from Continuing Operations to EBITDA from Continuing Operations later in this earnings release. VNhLkqTCYXBFhm3NccvJogT6TvaCSr9fevcxVSaYEfvIY80F1UneuSrahKb0bjnaqin_' alt='Digi Rabbit Field Utility' title='Digi Rabbit Field Utility' />Stock based compensation expense was 1. Stock based compensation is included in EBITDA. Also included in EBITDA for the second fiscal quarter of 2. M A activity compared to 0. Digi Rabbit Field Utility' title='Digi Rabbit Field Utility' />M A activity in the second fiscal quarter of 2. Earlier today, Digi announced the rebranding of its Digi Cold Chain Solutions to Digi Smart Solutions group. We generated significant growth in our service offerings led by our Digi Smart Solutions group, said Digis CEO and President, Ronald E. Konezny. Our performance in our service business, however, was more than offset by softness across our product business. AH-External-Power-Bank-Battery.jpg' alt='Digi Rabbit Field Utility' title='Digi Rabbit Field Utility' />No more missed important software updates UpdateStar 11 lets you stay up to date and secure with the software on your computer. Reality, only better The promise of augmented reality. Replacing the real world with a virtual one is a neat trick. Combining the two could be more useful. FT. LARNED LIONS CLUB AND LARNED KNIGHTS OF COLUMBUS WILL SERVE LUNCH. MANNER OF SALE. SATURDAY Major Shop Eqpt., Hand Tools, Pallet Items, Lumber. Digi International Inc., a leading global provider of machinetomachine and Internet of Things connectivity products and services, reported revenue of 45. Our products business is continuing to transition from a custom provider to fewer offerings with broader applications. Although our results did not meet our expectations this quarter, we remain confident in our strategy and our growth prospects. SMART Temps As previously announced on January 9, 2. As anyone whos ever spent time Googling celebritiesor themselvescan tell you, diving down the internet rabbit hole will sometimes bring up some weird results. Surprise The Golden Master build of iOS 11 leaked online Friday night, with users spreading links to the software on Reddit. Its full of details about the. Digi Rabbit Field Utility' title='Digi Rabbit Field Utility' />Digi purchased all of the outstanding interests of SMART Temps, LLC for approximately 2. SMART Temps continues to operate from its Indiana based headquarters and extends Digis capabilities of remote monitoring by adding pharmacies, education, blood bank, laboratory environments, and hospital settings. SMART Temps also provides real time temperature management for markets in which Digi Smart Solutions already served, such as restaurants and grocery. This acquisition is complementary for Digi as SMART Temps further enhances Digis portfolio of Smart Solutions products. Digi Smart Solutions revenue is included in the Companys service revenue. This is the third acquisition by the Company since October 2. Digi becoming a leader in the large and fragmented smart solutions market. Our cellular product category includes cellular routers and all gateways, and the RF product category includes XBee modules as well as other RF Solutions. The embedded product category includes Digi Connect and Rabbit embedded systems on module and single board computers. The network product category, which has the highest concentration of mature products, includes console and serial servers and USB connected products. Our service offerings include Digi Smart Solutions, wireless design services, revenue generated from the Digi Device Cloud platform and enterprise support services. Total revenue fell 9. Gross profit was 2. Gross profit was negatively impacted by lower revenue and product mix as the network category, which traditionally has higher margin products, declined. This was offset partially by an increase in service gross profit during the second quarter of fiscal 2. Operating income for the second fiscal quarter of 2. The operating income decline was a result of the decrease in gross profit of 2. Operating expenses decreased by 1. Operating expense included 1. M A expenses in the second fiscal quarter of 2. M A expenses in the second fiscal quarter of 2. Income from Continuing Operations was 1. Loss from Discontinued Operations, after income taxes had no activity in fiscal 2. Etherios business in October 2. West Monroe Partners. EBITDA from Continuing Operations in the second fiscal quarter of 2. Please refer to the tables later in this earnings release that provide reconciliations from GAAP to non GAAP information. Business Results for the Six Months Ended March 3. Revenue Detail YTD in thousands   Q2 2. Q2 2. 01. 6   Change   Change Cellular routers and gateways 2. RF 1. 4,5. 35 1. 7,0. Embedded 2. 3,5. 53 2. Network   2. 1,6. Total hardware product revenue 8. Service   5,8. 51     3,4. Total revenue 9. North America, primarily United States 5. Europe, Middle East and Africa 1. Asia 9,9. 38 1. 0,1. Latin America   2,1. Total revenue 9. Total revenue decreased 9. Hardware product revenue decreased by 1. This decrease occurred in all product categories, other than cellular routers and gateways which were flat with the first six months of the prior fiscal year. Our decline in network product revenue was as expected as our customers decreased their support and maintenance of legacy hardwire network products. Embedded and RF product revenue also declined as we had large sales to significant customers in the prior fiscal year. Service revenue increased by 2. This was driven primarily by the growth of our Digi Smart Solutions business. Service revenue includes 1. SMART Temps and Fresh. Temp in the first half of fiscal 2. Included in revenue performance for the year was a foreign currency translation decrease of 0. British Pound and Euro against the U. S. dollar. Gross profit was 4. Gross profit was negatively impacted by lower revenue and product mix during the first half of fiscal 2. This was partially offset by an increase in service gross profit for the first half of fiscal 2. Operating income for the first six months of fiscal 2. The operating income decline was a result of the decrease in gross profit of 5. Operating income for fiscal 2. Digis Dortmund, Germany and Munich, Germany offices and the consolidation of Digis Minneapolis office into its Minnetonka headquarters, which included lease termination charges for the downtown Minneapolis office. Operating income also included 1. M A expenses in the first half of fiscal 2. M A expenses in the second half of fiscal 2. Income from Continuing Operations was 3. Income from Discontinued Operations, after income taxes had no activity in fiscal 2. Etherios business in October 2. West Monroe Partners. EBITDA from Continuing Operations in the first six months of fiscal 2. Stock compensation expense included in our EBITDA from continuing operations for the first six months of fiscal 2. Please refer to the tables later in this earnings release for reconciliations from GAAP to non GAAP information. Balance Sheet, Liquidity and Capital Structure. Digi continues to maintain a strong balance sheet. As of March 3. 1, 2. Digi had Cash and cash equivalents and marketable securities balance, including long term marketable securities, of 1. Digi completed two of its three acquisitions in the first half of fiscal 2. The other acquisition was completed in October 2. Please refer to the Condensed Consolidated Statements of Cash Flows for more information. No debt. A current ratio of 8. September 3. 0, 2. Customer Highlights A large system integrator selected Digis WR4. RR, rugged cellular router design for on board rail vehicles, for CCTV control and retrofit of a major northeastern United States metropolitan commuter rail system. The Digi WR4. 4R was selected for communications of on board vehicle fare collection for a Southeastern United States city wide bus upgrade program. An industry leading manufacturer and installer of commercial and utility grade build automation and HVAC applications selected Digis WR3. Digis Xbee Cellular was integrated into an energy controller for real time data monitoring and consumption management for residential water heating systems.