Digi International Inc. (NASDAQ:DGII) Q4 2024 Earnings Conference Call November 13, 2024 5:00 PM ET

Company Participants

Ron Konezny - President and Chief Executive Officer
Jamie Loch - Chief Financial Officer

Conference Call Participants

Tommy Moll - Stephens Inc.
Quinton Gabrielli - Piper Sandler
Josh Nichols - B. Riley Securities

Operator

Good day and thank you for standing by. Welcome to Quarter Four 2024 Digi International Inc. Earnings Conference Call. At this time all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today. Jamie Loch, Chief Financial Officer. Please go ahead.

Jamie Loch

Thank you. Good day, everyone. It's great to talk to you again, and thanks for joining us today to discuss the earnings results of Digi International. Joining me on today's call is Ron Konezny, our President and CEO. We issued our earnings release after the market closed today. You may obtain a copy of the press release through the financial releases section of our Investor Relations website at digi.com. This afternoon, Ron will provide a comment on our performance, and then we'll take your questions. Some of the statements that we make during this call are considered forward-looking and are subject to significant risks and uncertainties.

These statements reflect our expectations about future operating and financial performance and speak only as of today's date. We undertake no obligation to update publicly or revise these forward-looking statements. While we believe the expectations reflected in our forward-looking statements are reasonable, we give no assurance such expectations will be met or that any of our forward-looking statements will prove to be correct.

For additional information, please refer to the forward-looking statement section in our earnings release today and the risk factor section of our most recent Form 10-K and subsequent reports on file with the SEC. Finally, certain of the financial information disclosed on this call includes non-GAAP measures. The information required to be disclosed about these measures, including reconciliations to the most comparable GAAP measures, are included in the earnings release. The earnings release is also furnished as an exhibit to Form 8-K that can be accessed through the SEC filing sections of our investor relations website.

Now I'll turn the call over to Ron.

Ron Konezny

Thank you, Jamie. Good afternoon everyone. Before we take questions, a few comments on last fiscal year while looking forward to fiscal 2025. Digi is committed to be a leader in the industrial Internet-of-Things market. We believe a significant share of the market, wants a solution provider rather than building a solution to various vendors. Our solution provider approach reduces risk, improves outcomes, allows customers to focus on their core competencies, and accelerates time to value. The single metric demonstrating our relative success is annual recurring revenue or ARR.