Digital Ally Inc Stock Price, News & Analysis

Digital Ally (NASDAQ: DGLY) announced a major order from the Franklin County Sheriff’s Office for 15 EVO-HD in-car camera systems and FirstVu HD body cameras, utilizing the company’s subscription payment plan. The sheriff's department selected Digital Ally as its exclusive supplier due to the seamless integration and centralized management of video evidence provided by the equipment. CEO Stan Ross emphasized the importance of these technologies for enhancing safety and security in law enforcement.

Digital Ally (NASDAQ: DGLY) announced its partnership with Goodcents, making Goodcents the first major US franchise to implement its complete line of COVID-19 safety products. By late January 2021, all 63 Goodcents restaurants will feature Shield^TM Disinfectant/Sanitizer, ThermoVu^TM non-contact temperature screening devices, and electrostatic sprayers. This initiative aims to ensure a safe environment for employees and customers amidst the ongoing pandemic. The products also adhere to government regulations and guidelines, highlighting their critical role in public safety.

Digital Ally reported a 23% revenue increase for Q3 2020, reaching $3,588,640, the highest since Q1 2017. Earnings per share rose to $0.02, a significant improvement from a loss of ($0.26) in Q3 2019. The revenue surge was driven by new products, ThermoVU and Shield, generating approx. $1.1 million. However, COVID-19 delayed some orders, notably a substantial body camera contract. The company also faced a decline in gross margin to 34.1% due to manufacturing inefficiencies. SG&A expenses dropped 12% to $3,066,606.

Digital Ally (NASDAQ: DGLY) will discuss its third quarter 2020 operating results on November 12, 2020, at 11:15 a.m. EDT. The call will cover developments related to their safety products, including the Shield™ Cleansers line and ThermoVu™ non-contact temperature screening devices. Interested parties can join the call by dialing (844) 761-0863. A replay will be available until January 12, 2021. Digital Ally specializes in advanced video recording products for law enforcement and safety sectors, with new products recently launched in their portfolio.

Digital Ally introduces EVO Cloud 1.8, enhancing its EVO-HD video system with the ProVu shared portal. This new feature allows prosecutors to securely request video evidence from multiple police departments, streamlining the process and reducing time and costs associated with video retrieval. The update is hosted on a secured portal, utilizing Amazon Web Services, trusted by government entities. CEO Stan Ross emphasized the importance of continuous innovation without requiring new hardware. The company aims to improve safety and security in law enforcement through ongoing feature enhancements.

Digital Ally, Inc. (NASDAQ: DGLY) has secured a multi-year upgrade order from the Suwanee Police Department in Georgia. This deal includes the upgrade of 34 FirstVu HD body cameras and 18 DVM-800 in-car systems to the Company’s secure .GOV cloud platform. This transition will enhance features like intelligent redaction and ease of video sharing with legal authorities. The Suwanee PD has been using Digital Ally's solutions since 2008, highlighting the company's reliable partnership in providing advanced safety products.

Digital Ally announces a strategic partnership with Integrated Openings Solutions to enhance public safety through advanced integration of its ThermoVu™ temperature-screening technology. This collaboration will enable customizable security solutions, including facial recognition and door integrations, aimed at improving facility access control. The ThermoVu™ devices are designed for various environments, such as schools and airports, addressing heightened safety concerns during the pandemic. This partnership aims to leverage both companies' strengths for better service offerings in health and security.

Digital Ally (NASDAQ: DGLY) has secured a contract to supply Fort Eustis Air Force Base with 100 FirstVu HD body cameras, 14 DVM-800 in-car camera systems, and 14 VuLink^® activation systems, along with backend software and services. This contract, awarded through the Government Services Administration, underscores the rising demand for video evidence systems. The company aims to enhance market share in government sectors through innovative safety and surveillance technology.

Digital Ally (NASDAQ: DGLY) announced an order from Linn County, KS, for 42 ThermoVu™ temperature screening devices, marking the first deployment of these units by a municipality. The ThermoVu units will be installed in various public facilities to monitor and control access based on temperature readings. Designed for versatility, ThermoVu offers non-contact temperature measurement and optional facial recognition features. CEO Stan Ross emphasized the company's commitment to providing tools for safety during COVID-19.