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. (NASDAQ: DGLY) appears in news coverage as a company with roots in video and safety technology that has expanded into live entertainment, ticketing, and healthcare-related services through its subsidiaries. Company news releases describe activities ranging from the development of advanced in-car video systems for law enforcement and fleet safety to the production of large-scale music festivals and the operation of proprietary ticketing platforms.
Recent news highlights several themes that are central to understanding DGLY-related developments. On the technology side, Digital Ally announced an in-car camera solution called EVO-CORE, described as part of a broader ecosystem of video products that includes cloud-based evidence management, connectivity features, and security measures such as secure upload and storage through AWS GovCloud. News also covers contract wins, backlog reduction, and operating results for its video solutions and safety products across law enforcement, emergency management, and commercial markets.
Another major stream of news focuses on entertainment and ticketing. Through its subsidiary Kustom Entertainment, Inc., Digital Ally has issued releases about the Country Stampede Music Festival, including detailed lineups, fan experiences, and programming such as pre-parties, after-parties, and a Battle of the Bands competition. These stories illustrate how the company’s entertainment segment combines established headliners with emerging artists and community-oriented events.
Corporate strategy and capital markets activity also feature prominently. News releases describe the company’s shift in strategic focus toward live event production and ticket brokering, the planned corporate rebranding to Kustom Entertainment, Inc., and an expected ticker symbol change from DGLY to KUST on the Nasdaq Capital Market. Additional items include announcements of reverse stock splits, equity offerings, and conference presentations to investors.
Health-related and distribution news appears as well, such as the master distribution agreement with Redwood Scientific Technologies granting Digital Ally exclusive global rights to distribute nicotine cessation products TBX-Free and TBX Vape-Free. Together, these news items provide insight into how Digital Ally is combining its historical expertise in video and safety technology with newer initiatives in entertainment, ticketing, and healthcare-related products.
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.
Digital Ally has announced the launch of its FirstVu PRO, an advanced body-worn camera designed for law enforcement. Pre-orders have begun, with expected shipping in the first quarter of 2022. Key features include livestreaming, GPS tracking, and remote activation. The product is part of a broader ecosystem, compatible with the QuickVu docking station. CEO Stan Ross emphasized its potential to enhance safety and efficiency for law enforcement personnel.
The Special Meeting of Stockholders for Digital Ally (NASDAQ: DGLY), initially set for December 13, 2021, has been adjourned to December 28, 2021, at 11:15 AM ET. This adjournment was necessary to secure a quorum for business transactions as per the Company’s Amended and Restated Bylaws. Stockholders do not need to vote again unless they wish to change their votes. The Company urges stockholder participation and emphasizes the significance of every vote. For voting assistance, stockholders can reach out to Laurel Hill Advisory Group.