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) has received a positive determination from the Nasdaq Hearings Panel regarding its continued listing on the Nasdaq Stock Market. The company must meet specific criteria to maintain its listing, including achieving $2.5 million in stockholders' equity by May 20, 2025, and maintaining a $1.00 minimum bid price by June 6, 2025. These requirements, along with other listing criteria, must be maintained through September 2, 2025. While the company is working to meet these conditions, there is no guarantee of success.
Digital Ally (NASDAQ: DGLY), a company specializing in video recording and safety products for law enforcement and other industries, has announced a 1-for-20 reverse stock split. The split was approved by stockholders at the Annual Meeting on December 17, 2024, with the Board of Directors finalizing the decision on April 10, 2025.
The Common Stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market starting May 7, 2025, under a new CUSIP number (25382T309). While stockholders holding shares in book-entry form or brokerage accounts require no action, those with stock certificates will receive exchange instructions from Securities Transfer Corporation.
Digital Ally (DGLY) has received a delinquency notification from Nasdaq on April 23, 2025, due to delayed filing of its Annual Report on Form 10-K for the period ended December 31, 2024. The notification indicates non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the SEC.
While this notification has no immediate impact on DGLY's Nasdaq listing, the company must respond in writing by April 30, 2025. Digital Ally states it is working to file the Annual Report promptly and expects to resume normal filing schedules for the remainder of 2025.
Digital Ally, Inc. (NASDAQ: DGLY) has been granted six new patents by the United States Patent and Trademark Office (USPTO) over the past 12 months, strengthening its intellectual property portfolio in video technology and safety solutions.
These patents cover diverse applications across multiple industries including:
- Redundant Mobile Video Recording
- Breath Analyzer systems for authenticating and preserving breath analysis data
- Tracking and analysis of drivers within vehicle fleets
- Managing multiple data recording devices
- Portable video and imaging systems
- Systems for automatically triggering recordings
CEO Stan Ross emphasized the company's commitment to innovation, stating that these patents reflect their dedication to developing cutting-edge solutions that address current needs while anticipating future challenges for law enforcement agencies, commercial fleets, and other industries.
Digital Ally (DGLY) has closed its previously announced underwritten public offering, raising approximately $15.0 million in gross proceeds. The offering consisted of 100,000,000 Common Units priced at $0.15 per unit (or $0.149 for Pre-Funded Units).
Each unit includes one share of Common Stock (or Pre-Funded Warrant), one Series A Warrant exercisable at $0.1875, and one Series B Warrant exercisable at $0.30. The Series A Warrants expire after 5 years, while Series B Warrants expire after 2.5 years, both following stockholder approval.
Aegis Capital Corp. acted as the sole book-running manager and exercised its over-allotment option for 15,000,000 additional Series A and B Warrants. The offering was made pursuant to an SEC-registered Form S-1 declared effective on February 12, 2025.
Digital Ally (DGLY) has announced the pricing of a $15.0 million underwritten public offering. The offering consists of 100,000,000 Common Units priced at $0.15 per unit (or $0.149 for Pre-Funded Units). Each unit includes one share of Common Stock (or Pre-Funded Warrant), one Series A Warrant exercisable at $0.1875, and one Series B Warrant exercisable at $0.300.
The Series A Warrants expire after 5 years following stockholder approval, while Series B Warrants expire after 2.5 years. Aegis Capital Corp. has been granted a 45-day over-allotment option for up to 15% additional shares and warrants. The offering is expected to close around February 14, 2025, with proceeds intended for general corporate purposes and working capital.
Kustom Entertainment, a Digital Ally subsidiary, has announced the lineup for the 2025 Country Stampede Festival, scheduled for June 26-28, 2025, at Azura Amphitheater in Bonner Springs, Kansas. The festival will feature headliners Luke Bryan, Miranda Lambert, and Cole Swindell, along with numerous supporting acts.
The company reported its most successful Black Friday through Cyber Monday ticket sales in recent history, indicating a potential sellout. Additionally, Kustom Entertainment has launched a regional Battle of the Bands competition across five cities, with the winner earning a main stage performance slot at the festival.
Digital Ally (DGLY) has received a delinquency notification from Nasdaq due to delayed filing of its Q3 2024 Form 10-Q. The company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports. While this notification has no immediate effect on the company's Nasdaq listing, DGLY must submit a compliance plan by January 24, 2025. If accepted, Nasdaq may grant an extension until May 19, 2025 to regain compliance. The company states it's working to file the report promptly and expects to resume normal filing schedules in 2025.
Digital Ally (NASDAQ: DGLY) reported securing approximately 160 new subscription contracts throughout 2024 for its FirstVu PRO body-worn cameras and EVO-HD in-car video solutions. The company is currently addressing operational delays, including over $1.5 million in backordered products, which are expected to be fulfilled within the next 120 days. Digital Ally plans to introduce new advancements, including the FirstVu PRO Utility integrated body camera with multiple advanced features, and continues to release updates for its EVO-Web platform, with the latest version V2.3 focusing on bug fixes and new features.
Digital Ally, Inc. (DGLY) announced its Q2 2024 operating results, highlighting significant changes in financial performance. Overall gross profits decreased by 91% to $242,392, primarily due to a decline in the entertainment segment. Total revenues fell by 32% to $5,616,235, with the entertainment segment experiencing a 47% decrease. The company's revenue cycle management business saw a 9% decrease in service revenues.
Notably, selling, general and administrative expenses decreased by 46% to $4,156,613. The company also reported progress in its video solutions segment and recent developments, including the sale of its office building and a potential business combination between Kustom Entertainment and Clover Leaf Capital Corp. Net losses attributable to common stockholders improved to $5,083,861 ($1.74 per share) compared to $9,014,882 ($3.12 per share) in the same period last year.
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