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About Digerati Technologies
From its filings with the US Securities and Exchange Commission
Digerati Technologies is based in San Antonio, Texas and is incorporated in Nevada. Its shares trade on OTC under the ticker DTGI. The SEC classifies its business as computer processing & data preparation. In the fiscal year to 31 July 2023, it reported revenue of $31.6m and a net loss of $8.3m. At that date it held total assets of $38.4m and shareholders' equity of −$27.6m.
Wide Area Network (“SD WAN”) solutions. Digerati Technologies, Inc. was incorporated in the State of Nevada in 1994.
Co-existence with traditional communication mediums: IP telephony can be used in conjunction with existing public telephone system switches, leased and dial-up lines, PBXs and other customer premise equipment, enterprise local area networks (“LANs”), and Internet connections. IP telephony applications can be implemented through dedicated gateways, which in turn can be based on open standards platforms for reliability and scalability.
Financial Services, Legal, Real Estate, and Construction. We are not dependent upon any single supplier or customer.
Quoted from its 10-K, filed 24 Nov 2023. Read the filing on SEC.gov ↗
Company facts
- Sector
- Communication Services
- Industry
- Diversified Telecommunication Services
- Listed since
- 22 Jun 2004
- Employees
- 6
- Website
- digerati-inc.com ↗
- Head office
- 8023 VANTAGE DRIVE, SAN ANTONIO, TX, 78230
- Incorporated in
- NV
- Classification
- Services-Computer Processing & Data Preparation
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Craig ClementExecutive Chairman of the Board, since 1996$202,902
- Mr. Arthur SmithChief Executive Officer, Director, since 1996$365,372
- Mr. Antonio EstradaChief Financial Officer, Treasurer$342,172
- Mr. Maxwell PolinskyIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Diverse product and service portfolio: Digerati Technologies Inc boasts a wide range of products and services, catering to various sectors and industries. This diversity allows them to reach a larger customer base and adapt to changing market demands.
- Strong financial position: The company has shown consistent financial growth, maintaining a strong balance sheet and liquidity position. This stability provides them with the resources and flexibility to invest in research and development, expand operations, and seize new opportunities.
- Robust technological infrastructure: Digerati Technologies Inc possess state-of-the-art infrastructure and technology systems, enabling them to deliver high-quality services and support to their clients. This technological advantage helps them stay competitive in the rapidly evolving digital landscape.
- Experienced leadership team: Led by a seasoned management team with extensive industry knowledge, Digerati Technologies Inc benefits from effective decision-making, strategic planning, and the ability to navigate market challenges successfully.
Weaknesses
- Limited brand recognition: Despite their strong offerings, Digerati Technologies Inc suffers from relatively low brand awareness compared to some of their competitors. This lack of recognition may hinder their ability to attract new customers and secure larger contracts.
- Dependence on key clients: The company relies heavily on a few key clients for a significant portion of their revenue. This dependency introduces a level of vulnerability, as a downturn in the business relationship with these clients could have a substantial negative impact on overall financial performance.
- Narrow geographic reach: Digerati Technologies Inc's operations are primarily focused on a specific region, limiting their exposure to international markets. While this localized approach may provide stability, it also restricts their growth potential.
- Highly competitive industry: The telecommunications and technology sector is highly competitive, with numerous players vying for market share. Digerati Technologies Inc faces constant challenges in standing out among competitors, maintaining pricing competitiveness, and differentiating their offerings.
Opportunities
- Emerging technologies: The rapid advancements in technologies such as cloud computing, artificial intelligence, and the Internet of Things present significant growth opportunities. By leveraging these emerging technologies, Digerati Technologies Inc can expand their product and service offerings, attract new customers, and stay at the forefront of innovation.
- International expansion: Exploring expansion opportunities beyond their existing market can help Digerati Technologies Inc tap into new customer segments and drive revenue growth. Targeting emerging markets with a growing demand for digital services can be particularly rewarding.
- Partnerships and collaborations: Forming strategic partnerships and collaborations with other industry players can enhance Digerati Technologies Inc's capabilities, fuel innovation, and provide access to new markets. Collaborative efforts can lead to combined expertise and increased competitive advantage.
- Increasing demand for digital solutions: The increasing reliance on digital technology in various industries creates a favorable market environment for companies like Digerati Technologies Inc. By aligning their offerings with the evolving needs of businesses, they can capitalize on the rising demand for digital solutions.
Threats
- Economic downturns: Digerati Technologies Inc is susceptible to economic fluctuations that may impact overall industry spending. During economic downturns, businesses tend to reduce their technology investments, which could lead to lower demand for the company's products and services.
- Regulatory compliance: The telecommunications and technology industry is subject to various regulations and compliance requirements. Adhering to these regulations can be time-consuming and costly for Digerati Technologies Inc, potentially impeding their operational efficiency.
- Rapid technological advancements: While technological advancements provide growth opportunities, they also pose a threat. Digerati Technologies Inc must continuously invest in research and development to keep pace with industry trends and avoid being outpaced by more innovative competitors.
- Cybersecurity risks: As a provider of technology solutions, Digerati Technologies Inc faces the ongoing challenge of protecting their systems and customer data from cybersecurity threats. Any breach or compromise of security could harm their reputation and result in potential legal and financial consequences.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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