Digi International Inc. (DGII)’s First Quarter 2015 Earnings Call Transcript

Below is transcript of the Digi International Inc. (NASDAQ:DGII)’s First Quarter 2015 Earnings Call, held on  Thursday, January 22, 2015, at 5:00 pm EST. Bryn Mawr Capital, Prescott Group Capital Management and Royce & Associates was among Digi International Inc. (NASDAQ:DGII) shareholders at the end of the 4th quarter 2014.

Digi International Inc. (NASDAQ:DGII) is a provider of machine-to-machine (M2M) networking hardware and solutions. The Company’s solutions are aimed at connection, monitoring and control of local or remote physical assets by electronic means. The networking products and solutions can connect communication hardware to a physical asset, convey information about the asset’s status and performance to a computer system, and then use that information to improve or automate one or more processes.

Company Executives:

Ron Konezny, President and Chief Executive Officer

Steve Snyder, Chief Financial Officer

Analysts:

Mike Walkley, Canaccord Genuity

Howard Smith, First Analysis

Operator

Good day ladies and gentlemen, and welcome to the First Quarter 2015 Digi International Incorporated Earnings Conference Call. My name is Tony and I will be your operator for today. At this time, all participants are in listen-only mode. Later we will conduct a question and answer session. As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to Mr. Steve Snyder, Chief Financial Officer. Please proceed.

Steve Snyder, Chief Financial Officer

Good afternoon and thank you for joining us today. Before we start, I need to go over few details. First, if you do not have a copy of our earnings release, you may access it through the Financial Releases section of our Investor Relations website at www.digi.com. Second, I would like to remind our listeners that some of the statements that we make in this presentation may constitute forward-looking statements. These statements reflect management’s expectations about future events and operating plans and performance and speak only as of today’s date. These forward-looking statements involve a number of risks and uncertainties.

A list of the factors that could cause actual results to be materially different from those expressed or implied by any of these forward-looking statements is detailed under the heading, Forward-Looking Statements, in our earnings release today and under the heading Risk Factors in our 2014 Annual Report on Form 10-K and subsequent quarterly reports and other filings on file with the SEC. We undertake no obligation to update publicly or revise these forward-looking statements for any reason. Finally, certain of the financial information disclosed on this call includes non-GAAP measures.

Read the rest of this transcript on seekingalpha.com