Welcome to our dedicated page for Digital Ally news (Ticker: DGLY), a resource for investors and traders seeking the latest updates and insights on Digital Ally stock.
Digital Ally, Inc. (DGLY) is a prominent provider of advanced mobile video systems, serving a diverse range of markets including law enforcement, commercial fleets, and security applications. The company is known for its innovative product lines such as the Digital Video Mirror (DVM Series), which integrates digital in-car video systems into a ruggedized rear-view mirror, optimizing space and functionality in police vehicles and commercial fleets.
Additionally, Digital Ally offers the FirstVu HD, a body-worn or mounted evidentiary-grade video system designed for versatile and compact use. Another notable product is the Laser Ally Lidar speed enforcement system, renowned for its advanced, user-friendly, and ergonomic design.
The company's products are extensively utilized by the U.S. military, law enforcement agencies, and various governmental entities across all 50 states and globally. Digital Ally’s technology integrates electronic, radio, computer, and multi-media technologies to provide comprehensive solutions addressing the needs of mass transit systems, school buses, taxicabs, and military operations.
Digital Ally operates in several segments, including Video Solutions, Revenue Cycle Management, and Entertainment. The company sells its products directly to end-users and through third-party distributors, ensuring a wide market reach both domestically and internationally.
Recent achievements and projects include ongoing enhancements to their core product lines and expanding their market presence through strategic partnerships. The company remains at the forefront of developing and deploying cutting-edge video imaging and storage solutions that meet the complex demands of modern security and law enforcement environments.
Digital Ally (NASDAQ: DGLY) announces three new patents that enhance its evidence capture and safety technology for law enforcement and commercial fleets. The patents include:
- Patent #11,244,570: Tracking system for fleet drivers.
- Patent #11,290,693: Automatic video recording system.
- Patent #11,310,399: Portable video and imaging system.
CEO Stan Ross emphasized their commitment to innovation, aiming to improve safety and security.
Digital Ally, Inc. (NASDAQ: DGLY) has announced an expansion of its partnership with the Wyandotte County Sheriff’s Office in Kansas. The Sheriff’s Office has ordered 23 additional FirstVu Pro body-worn cameras and 23 EVO HD systems under a 5-year subscription plan. This purchase reinforces the Sheriff's commitment to enhancing safety through innovative technology. Digital Ally continues to support law enforcement with critical video solutions and emphasizes the importance of collaboration with its clients.
Digital Ally reported a remarkable 306% increase in revenues for Q1 2022, totaling $10.3 million, compared to $2.5 million in Q1 2021. This growth is driven primarily by service revenues from recent acquisitions, including TicketSmarter, which contributed nearly $6.4 million. However, the company recorded an operating loss of $6.8 million and total expenses rose to $8.7 million, reflecting increased costs from acquisitions. The company continues to explore additional acquisitions to bolster growth.
FanSided announced a partnership with TicketSmarter, naming it the 'Official Ticket Provider of FanSided'. This collaboration aims to enhance fan engagement through sports coverage and live event access. TicketSmarter will leverage FanSided's 300+ sites, attracting over 42 million viewers, to promote ticket sales through editorial and digital integrations. TicketSmarter’s CEO expressed excitement about connecting fans with their favorite teams. The partnership is designed to create localized digital experiences and drive ticket purchases through impactful media placements.
Professional Fighters League (PFL) has partnered with TicketSmarter to enhance fan ticketing experiences for the second half of the 2022 PFL Regular Season. This initiative includes exclusive marketing rights for TicketSmarter, providing a trusted ticketing marketplace for MMA fans. Upcoming events will be hosted at the Overtime Elite Arena on June 17, June 24, and July 1, broadcast live on ESPN. PFL is renowned for its innovative format, featuring top-ranked fighters and significant global reach.
Digital Ally (NASDAQ: DGLY) has engaged Gateway Group to develop a strategic investor relations program. This move follows a successful 2021, characterized by a 104% revenue increase and profitability. The acquisition of TicketSmarter, a ticket marketplace, aligns with the company's M&A strategy, focusing on high-margin service channels. Furthermore, Digital Ally is expanding into healthcare revenue cycle management through a new joint venture. The company aims to enhance investor communication and elevate its market profile to create long-term shareholder value.
Digital Ally, Inc. (NASDAQ: DGLY) has launched its entertainment division Kustom440, producing its inaugural event, Texas at the Derby, on May 6 in Louisville, KY. The event will feature a VIP concert by Warner Nashville artist Randall King and is aimed at diversifying the company’s offerings. Kustom440 plans to leverage existing synergies with subsidiary TicketSmarter, which will facilitate ticket sales. CEO Stan Ross expressed enthusiasm for creating unique concert experiences during the Kentucky Derby weekend.
Digital Ally, Inc. (DGLY) reported a substantial revenue increase of 103.6% in 2021, totaling $21.4 million, up from $10.5 million in 2020. This growth was chiefly driven by a 392.26% surge in service revenues, bolstered by recent acquisitions such as TicketSmarter and Nobility Healthcare. Gross profit increased by 39% to $5.66 million, although SG&A expenses rose 74.2% to $20.4 million. The company also experienced a net income of $25.5 million, or $0.51 per share, in contrast to a loss of $2.6 million in 2020.
Digital Ally (DGLY) will hold an earnings call on April 19, 2022, at 11:15 a.m. Eastern Time to discuss its 2021 year-end financial results, including insights on its Shield Health Protection Product line. The company plans to release its operating results before the call. Interested participants can join by dialing 844-761-0863. A replay will be available until June 19, 2022. Digital Ally focuses on body cameras and health products and has formed a new entity, Digital Ally Healthcare, to expand its revenue potential.
Digital Ally (NASDAQ: DGLY) has secured a partnership with Future Legends Complex, designating TicketSmarter as the primary ticketing provider for the TicketSmarter Stadium through 2032. The stadium, located in Windsor, CO, will host professional sports teams like the Northern Colorado Hailstorm FC and Northern Colorado Owlz. This partnership aims to enhance visibility for TicketSmarter through national broadcasts on ESPN+ and other events, promoting an innovative ticketing platform for fans across the country.
FAQ
What is the current stock price of Digital Ally (DGLY)?
What is the market cap of Digital Ally (DGLY)?
What does Digital Ally, Inc. specialize in?
What are some key products of Digital Ally, Inc.?
Who uses Digital Ally’s systems?
How does Digital Ally distribute its products?
What market segments does Digital Ally operate in?
What makes the Laser Ally Lidar speed gun stand out?
Where can I find more information about Digital Ally’s latest news?
Who are the key executives at Digital Ally?
What industries benefit from Digital Ally’s technology?
How can I contact Digital Ally for more information?
