Digi International Inc. (NASDAQ:DGII) Q1 2015 Earnings Conference Call - Final Transcript

Jan 22, 2015 • 05:00 pm ET


Digi International Inc. (NASDAQ:DGII) Q1 2015 Earnings Conference Call - Final Transcript


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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. [Operator Instructions].

I would now like to turn the conference over to Mr. Steve Snyder, Chief Financial Officer. Please proceed.

Steve Snyder

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. 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 an exhibit to a Form 8-K that can be accessed through the SEC filings section of our Investor Relations website at www.digi.com.

Now, I would like to introduce Mr. Ron Konezny, President and CEO.

Ron Konezny

Thanks, Steve. I am really excited to represent Digi and to introduce myself to the investment community. I look forward to earning your trust. As you get to know me, you will learn that I am a fierce competitor with a track record of winning and I expect Digi to win. To be sure, it won't be without challenges. I will likely face many of the same challenges I experienced in the 20 years of co-founding and leading PeopleNet in the telematics space. Like the telematics space, the M2M networking industry is a large market right with opportunity.

As PeopleNet did successfully in telematics, Digi will crisply define our role in the M2M market and be laser focused on helping our customers reap the benefits of adopting our technology. When it comes to business planning and forecasting, we plan on doing what we say. I am working with our team to properly define and assign specific goals and objectives that we will relentlessly pursue and accomplish. As I immerse myself in Digi, I look forward to sharing more specifics about the objectives we will deliver.

So, why did I join Digi? First, Digi provides reliable enterprise grade networking