Digi International Inc. (NASDAQ:DGII) Q3 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 05:00 pm ET


Digi International Inc. (NASDAQ:DGII) Q3 2020 Earnings Conference Call - Final Transcript


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Ladies and Gentlemen, thank you for standing by and Welcome to Digi International Third Quarter 2020 Earnings Conference Call. [Operator Instructions]

Now, it's my pleasure to turn the conference over to James Loch, Chief Financial Officer. Please go ahead.

Jamie Loch

Thank you, Carmen. Good afternoon everyone and thank you for joining us today to discuss the fiscal 2020 third quarter results of Digi International. Joining me on today's call is Ron Konezny, our President and CEO. Ron will provide his thoughts on our business and I will follow with highlights of our financial performance. Following our prepared remarks, we'll take your questions. We issued our earnings release shortly after the market closed today. You may obtain a copy through the Financial Releases section of our Investor Relations website at digi.com.

Some of the statements that we will 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 statements section in our earnings release today and the Risk Factors section of our 2019 Form 10-K and subsequent reports on file with the SEC. Finally, some 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 Filing section of our Investor Relations website.

Now, I'll turn the call over to Ron.

Ron Konezny

Thank you, Jamie. Welcome to Digi International's 2020 third Fiscal Quarter Earnings call. Before covering our business results and outlook I'd like to comment on the pandemic and our initiatives around diversity and inclusion. Unfortunately, COVID-19 has been a difficult disease for us to suppress on a global basis. It's contagious and cunning, putting our society in a difficult position to balance our personal and economic well-being. With the exception of Digi's own heroes that must be physically present at our offices, the vast majority of our team is working productively from their homes. We have had a handful of positive cases within Digi but all have recovered safely and that impacted others, in big part due to our policies and great teams' consideration for each other's safety.

Our employee safety remains our top priority. Leadership meets frequently to steward both our team and our Company's health while hope will not fade we increasingly believe that this new normal of social distancing, mask-wearing, distributed working and limited travel will be with us for some time. Fortunately, we are the team, the tools and the offerings