Digital Ally Inc Stock Price, News & Analysis

Digital Ally (NASDAQ: DGLY) announces significant early interest in its FirstVu II body camera and QuickVu docking station, receiving multiple orders from various law enforcement agencies. Orders include departments from Hardin County (TN) and Flemington Borough (NJ), facilitated through a subscription payment plan. CEO Stan Ross expressed pride in the product's acceptance, promising continuous innovation for community safety. Digital Ally specializes in video recording technologies for law enforcement and has recently expanded into healthcare products.

Digital Ally, Inc. (NASDAQ: DGLY) has launched its latest body-worn camera, the FirstVu II, along with the QuickVu docking stations. The FirstVu II is a versatile, lightweight device suited for law enforcement and commercial use, featuring full 1080p HD recording, an articulating camera head, and real-time video review. The QuickVu docking station enhances efficiency with cloud offloading capabilities and multi-user functionality. Both products are available for shipping to customers worldwide.

Digital Ally, Inc. (NASDAQ: DGLY) has announced the acquisition of TicketSmarter, LLC and Goody Tickets, LLC for $14.1 million, expected to generate $25 million in 2022 revenues. About 70% of the purchase price was paid at closing via cash and shares, with an earn-out note to follow based on TicketSmarter's 2021 EBITDA. This strategic acquisition aims to leverage operational synergies, potentially enhancing Digital Ally's earnings and market position in the live entertainment ticketing industry.

Digital Ally (NASDAQ: DGLY) announced the acquisition of a medical billing company for approximately $2.92 million, paid mainly in cash. This move is expected to generate around $3 million in annual revenues, bringing the total anticipated revenue run-rate for its healthcare subsidiary, Nobility Healthcare, to about $4 million. The company plans to pursue additional acquisitions to expand its revenue cycle management services, targeting a total expected revenue of $3.7 million from two upcoming acquisitions. There are uncertainties regarding the completion of these acquisitions.

Digital Ally (NASDAQ: DGLY) announced a significant order from the Wyandotte County Sheriff’s Office for 40 additional FirstVu HD body-worn cameras, hosted on the EVO Web Portal. This order brings the total to over 60 cameras deployed in the last year, reflecting the Sheriff's Office's commitment to safety and technology in law enforcement. CEO Stan Ross highlighted the importance of this partnership as they continue to enhance their in-car systems and body-worn camera policies.

Digital Ally, Inc. (DGLY) reported a 44% revenue increase in Q2 2021, amounting to $2,493,671, compared to $1,732,192 in Q2 2020. This growth was driven by a 63% rise in product revenues, fueled by the EVO-HD and Shield lines. Gross margin increased to 51% from 23% year-over-year. However, SG&A expenses rose by 53% to $3,877,684 due to heightened insurance premiums and travel costs. The company reported a net loss of $5,382,487 or ($0.10) per share. Digital Ally announced plans for future product expansions and ongoing monitoring of the COVID-19 pandemic's impact on operations.

Digital Ally announced an investor conference call scheduled for August 18, 2021, at 11:15 a.m. EDT to discuss its Q2 2021 operating results and other topics, including the Shield Health Protection Product line. The call will follow the release of its operating results prior to the event. Interested parties can join by dialing (844) 761-0863 with conference ID #1285925. A replay will be available until October 18, 2021, at 11:59 p.m. EDT. Digital Ally offers advanced video recording products for public safety and health protection solutions.

Digital Ally announces the acquisition of a medical billing company through its subsidiary Digital Ally Healthcare, aiming to generate approximately $1.0 million in annual revenues. The acquisition, worth $1.2 million, involves 70% cash payment and an earn-out note linked to future performance. This marks the first acquisition for Digital Healthcare, supported by a $13.5 million venture fund, as part of their strategy to expand into the healthcare market with recurring revenues and profit potential.

Digital Ally has adjourned its Annual Meeting of Stockholders from July 1, 2021, to July 8, 2021, seeking a quorum to conduct business. The meeting records remain as of April 23, 2021. Stockholders who voted prior do not need to act unless changing their votes. The company encourages stockholders to participate and reconsider votes on proposals in the Definitive Proxy Statement.

For more information, stockholders can contact Digital Ally at (913) 814-7774.