Digital Ally Inc Stock Price, News & Analysis

Digital Ally (NASDAQ: DGLY) announced an order from the Carteret Police Department for 180 FirstVu HD body cameras and docking stations, enhancing their long-standing partnership since 2008. This purchase is supported by the New Jersey Body-Worn Camera Grant Program. CEO Stan Ross emphasized the company's commitment to providing top technology as the industry evolves. Recent additional orders include upgrades from other legacy and new customers for various in-car and body camera systems, strengthening Digital Ally's market presence in law enforcement technology.

Digital Ally (NASDAQ: DGLY) announced during its third quarter earnings call on November 17, 2021, that it expects revenues of approximately $50 million for fiscal year 2022, driven by its video solutions, health protection products, and strategic acquisitions. Q4 2021 revenue guidance is projected to exceed $9 million, contributing to an estimated $18 million for the full year. Digital Ally continues to expand its market presence through innovative technology and acquisitions aimed at enhancing growth and organizational synergies.

Digital Ally reported a 29% increase in Q3 2021 revenues to $4,639,822 compared to 2020, driven by a 421% rise in service revenues. The company highlights successful acquisitions, including TicketSmarter, which generated $2.05 million in its first month. Gross margins fell to 30% from 36% due to lower-margin services. SG&A expenses rose 63% to nearly $5 million due to new subsidiary costs and increased insurance and travel expenses. Net income reached $8.07 million or $0.16 per share, a significant improvement from the previous year.

Digital Ally (NASDAQ: DGLY) will host an investor call on November 17, 2021, at 11:15 a.m. EDT to discuss its third-quarter operating results, acquisitions, and new healthcare division. Notable topics include the acquisition of TicketSmarter and the launch of the Shield Health Protection Product line, designed for safety and health management. The operating results will be released before the call. A replay will be available until January 17, 2022.

Digital Ally (NASDAQ: DGLY) announced an upgrade order from the Columbus Police Department for 20 EVO-HD in-car systems and 30 FirstVu HD body-worn cameras. This transaction, facilitated through the company’s subscription payment program, highlights the department's trust in Digital Ally's advanced evidence capturing technology. CEO Stan Ross emphasized the importance of this equipment for officer safety and transparent video evidence. The EVO-HD system features patented VuLink® technology, enhancing simultaneous video recording across devices, with all evidence hosted on a highly secure GovCloud platform.

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.