Digital Ally Inc Stock Price, News & Analysis

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.

Digital Ally (NASDAQ:DGLY) will present at the LD 500 investor conference on September 3rd at 9 AM PST. CEO Stan Ross expressed excitement about showcasing the company's new product lines, which include a non-contact thermometer and an EPA-approved disinfectant, in response to the ongoing pandemic. The virtual format of the conference allows for broader investor access, emphasizing that learning about unique companies is still possible during COVID-19. The LD 500 runs from September 1-4, 2020.

Digital Ally (NASDAQ: DGLY) announced a partnership with DANA Safety Supply to become a certified outfitter of its law enforcement video solutions. This collaboration aims to enhance the distribution of video recording technology to law enforcement agencies across the U.S. DANA Safety Supply, with 26 locations nationwide, specializes in public safety products and services. Both CEOs expressed optimism about supplying critical tools needed for law enforcement amidst increased demand for body cameras and in-car video systems.

Digital Ally reported a Q2 2020 revenue drop to $1.73 million, down 32% year-over-year, primarily due to a 46% decline in product sales. The COVID-19 pandemic impacted product shipments and customer engagements. Gross profit fell to $392,758 with a margin of 23%, down from 37% in 2019. Selling and administrative expenses surged 257% to $2.54 million, mainly due to prior year litigation settlements. Despite introducing new products like ThermoVu and Shield, the company faces challenges in law enforcement hardware sales and ongoing patent litigations.

Digital Ally (NASDAQ: DGLY) announces a new subscription program for in-car camera systems aimed at law enforcement, responding to increased demand and funding challenges due to the pandemic. Following the success of its body camera subscription program, the new offering allows departments to pay over time, with some packages requiring no down payment. The program features the EVO-HD system with VuLink auto-activation technology and offers customizable cloud packages. This initiative aims to enhance safety and support departments lacking necessary funding.