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) announced a multi-year agreement between its subsidiary TicketSmarter and iHeartMedia. This partnership will feature national marketing campaigns, website displays, and sponsorship of contests allowing iHeartRadio listeners to win exclusive experiences. iHeartMedia, the leading audio company in the U.S., reaches a vast audience through over 860 stations. TicketSmarter's CEO expressed excitement about creating unique experiences for fans, while Digital Ally's CEO highlighted the brand exposure and opportunities this collaboration presents.
On February 10, 2022, Digital Ally (NASDAQ: DGLY) announced the appointment of Bryan Pettigrew as Vice President of Sports & Entertainment. Based in Lenexa, Kansas, Pettigrew will focus on leveraging Digital Ally's newly acquired businesses and enhancing its sports properties in NASCAR and IndyCar.
Pettigrew, previously the Tournament Director for the PGA TOUR's Barbasol Championship, brings extensive experience in national sponsorships and revenue growth. His appointment aims to bolster business development and improve overall company revenues.
Digital Ally (NASDAQ: DGLY) will present at the Aegis Capital Corp. Virtual Conference on February 23 at 11:00 AM EST. The conference runs from February 23 to 25, 2022. CEO Stan Ross expressed excitement about sharing company successes from 2021 and future expectations. The presentation will be available upon request during the conference and will also be accessible on Digital Ally's website. Digital Ally, through its subsidiaries, focuses on vehicle and body cameras, software solutions, and safety products.
Baltimore - TicketSmarter and Sinclair Sports Group (NASDAQ:SBGI) have formed a multi-year partnership making TicketSmarter the official ticket provider for Bally Sports and Tennis Channel's digital platforms. The agreement allows TicketSmarter's offerings to be featured on Sinclair-owned websites, facilitating event ticket purchases. TicketSmarter is known for its extensive ticket options, including over 125,000 live events and 48 million available tickets. The collaboration aims to enhance access to live events for fans while integrating TicketSmarter's branding across various Sinclair digital properties.
Digital Ally (NASDAQ: DGLY) announced its subsidiary, Nobility Healthcare, acquired a billing company generating an annual revenue run rate of approximately $3.5 million. This acquisition brings Nobility Healthcare's total revenue run rate to $7.5 million. The purchase was valued at $2.1 million, with about 64% paid in cash and the remaining through an earn-out note with a 3% interest, payable over 37 months. This marks a strategic expansion into revenue cycle management services targeted at dental practices.
Digital Ally (NASDAQ: DGLY) reported an impressive revenue for Q4 2021, exceeding $11 million, leading to total fiscal 2021 revenues of over $20 million, surpassing earlier forecasts. The company's CEO, Stan Ross, expressed satisfaction with the performance and confirmed anticipated revenue of approximately $50 million for FY 2022, driven by new product launches. A stock buy-back program was initiated, with over 1.7 million shares purchased to date, signaling confidence in the company’s future.
Digital Ally, Inc. (NASDAQ: DGLY) has concluded its 2021 year-end patent review, announcing a total of eight issued patents for the year. This expansion of its patent portfolio underscores the Company’s focus on innovative technology for law enforcement and commercial fleets. Among the newly issued patents are advancements in video recording systems and emergency monitoring, enhancing safety and evidence capture capabilities. CEO Stan Ross highlighted the hard work of the engineering team in achieving this recognition, positioning Digital Ally for future growth and innovation.
Digital Ally, Inc. (NASDAQ: DGLY) announced that its Special Meeting of Stockholders, originally scheduled for December 28, 2021, has been adjourned to January 11, 2022. This decision was made to ensure a quorum for the transaction of business per the Company’s Amended and Restated Bylaws. The record date for voting remains October 21, 2021, and stockholders do not need to recast their votes unless changes are desired. The Company urges stockholders to read the proxy materials and participate in the voting process to have their votes counted.
Digital Ally, Inc. (NASDAQ: DGLY) announces a partnership between its subsidiary TicketSmarter and Gannett Co., Inc. This agreement integrates TicketSmarter's ticket resale platform with USA TODAY NETWORK, extending its reach to over 145 million visitors monthly. The user-friendly platform will provide easy access to event tickets across local media sites. TicketSmarter's recent notable deals include partnerships with major sports conferences, further enhancing its market presence. This collaboration aims to improve consumer access to live events while promoting growth for both companies.
Digital Ally has announced a partnership between its subsidiary, TicketSmarter, and the New Orleans Pelicans, enhancing ticket buying and selling experiences for fans. This collaboration joins a network of pro basketball organizations leveraging TicketSmarter's platform. TicketSmarter offers 48 million tickets for over 125,000 events across the country. Digital Ally aims to capitalize on this partnership's growth potential while continuing to scale its ticketing services.
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