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 (DGLY) delivers innovative video technology solutions for public safety and commercial security needs. This news hub provides investors and industry professionals with essential updates about the company’s advancements in digital imaging systems, operational developments, and strategic initiatives.
Access real-time updates including earnings announcements, product launches, and regulatory filings. Our curated collection features official press releases alongside third-party analysis of DGLY’s mobile video solutions for law enforcement and commercial fleets.
Key content categories include product innovation updates on body-worn cameras and in-vehicle systems, financial performance reports, and strategic partnership announcements. Discover how DGLY’s integrated technologies address evolving needs in evidence capture and fleet management.
Bookmark this page for streamlined access to verified DGLY developments. Combine our news feed with SEC filings and market analysis tools for comprehensive investment research.
Digital Ally reported a remarkable 306% increase in revenues for Q1 2022, totaling $10.3 million, compared to $2.5 million in Q1 2021. This growth is driven primarily by service revenues from recent acquisitions, including TicketSmarter, which contributed nearly $6.4 million. However, the company recorded an operating loss of $6.8 million and total expenses rose to $8.7 million, reflecting increased costs from acquisitions. The company continues to explore additional acquisitions to bolster growth.
FanSided announced a partnership with TicketSmarter, naming it the 'Official Ticket Provider of FanSided'. This collaboration aims to enhance fan engagement through sports coverage and live event access. TicketSmarter will leverage FanSided's 300+ sites, attracting over 42 million viewers, to promote ticket sales through editorial and digital integrations. TicketSmarter’s CEO expressed excitement about connecting fans with their favorite teams. The partnership is designed to create localized digital experiences and drive ticket purchases through impactful media placements.
Professional Fighters League (PFL) has partnered with TicketSmarter to enhance fan ticketing experiences for the second half of the 2022 PFL Regular Season. This initiative includes exclusive marketing rights for TicketSmarter, providing a trusted ticketing marketplace for MMA fans. Upcoming events will be hosted at the Overtime Elite Arena on June 17, June 24, and July 1, broadcast live on ESPN. PFL is renowned for its innovative format, featuring top-ranked fighters and significant global reach.
Digital Ally (NASDAQ: DGLY) has engaged Gateway Group to develop a strategic investor relations program. This move follows a successful 2021, characterized by a 104% revenue increase and profitability. The acquisition of TicketSmarter, a ticket marketplace, aligns with the company's M&A strategy, focusing on high-margin service channels. Furthermore, Digital Ally is expanding into healthcare revenue cycle management through a new joint venture. The company aims to enhance investor communication and elevate its market profile to create long-term shareholder value.
Digital Ally, Inc. (NASDAQ: DGLY) has launched its entertainment division Kustom440, producing its inaugural event, Texas at the Derby, on May 6 in Louisville, KY. The event will feature a VIP concert by Warner Nashville artist Randall King and is aimed at diversifying the company’s offerings. Kustom440 plans to leverage existing synergies with subsidiary TicketSmarter, which will facilitate ticket sales. CEO Stan Ross expressed enthusiasm for creating unique concert experiences during the Kentucky Derby weekend.
Digital Ally, Inc. (DGLY) reported a substantial revenue increase of 103.6% in 2021, totaling $21.4 million, up from $10.5 million in 2020. This growth was chiefly driven by a 392.26% surge in service revenues, bolstered by recent acquisitions such as TicketSmarter and Nobility Healthcare. Gross profit increased by 39% to $5.66 million, although SG&A expenses rose 74.2% to $20.4 million. The company also experienced a net income of $25.5 million, or $0.51 per share, in contrast to a loss of $2.6 million in 2020.
Digital Ally (DGLY) will hold an earnings call on April 19, 2022, at 11:15 a.m. Eastern Time to discuss its 2021 year-end financial results, including insights on its Shield Health Protection Product line. The company plans to release its operating results before the call. Interested participants can join by dialing 844-761-0863. A replay will be available until June 19, 2022. Digital Ally focuses on body cameras and health products and has formed a new entity, Digital Ally Healthcare, to expand its revenue potential.
Digital Ally (NASDAQ: DGLY) has secured a partnership with Future Legends Complex, designating TicketSmarter as the primary ticketing provider for the TicketSmarter Stadium through 2032. The stadium, located in Windsor, CO, will host professional sports teams like the Northern Colorado Hailstorm FC and Northern Colorado Owlz. This partnership aims to enhance visibility for TicketSmarter through national broadcasts on ESPN+ and other events, promoting an innovative ticketing platform for fans across the country.
Digital Ally (NASDAQ: DGLY) announced a multi-year agreement between its subsidiary TicketSmarter and iHeartMedia. This partnership will feature national marketing campaigns, website displays, and sponsorship of contests allowing iHeartRadio listeners to win exclusive experiences. iHeartMedia, the leading audio company in the U.S., reaches a vast audience through over 860 stations. TicketSmarter's CEO expressed excitement about creating unique experiences for fans, while Digital Ally's CEO highlighted the brand exposure and opportunities this collaboration presents.
On February 10, 2022, Digital Ally (NASDAQ: DGLY) announced the appointment of Bryan Pettigrew as Vice President of Sports & Entertainment. Based in Lenexa, Kansas, Pettigrew will focus on leveraging Digital Ally's newly acquired businesses and enhancing its sports properties in NASCAR and IndyCar.
Pettigrew, previously the Tournament Director for the PGA TOUR's Barbasol Championship, brings extensive experience in national sponsorships and revenue growth. His appointment aims to bolster business development and improve overall company revenues.
FAQ
What is the current stock price of Digital Ally (DGLY)?
What is the market cap of Digital Ally (DGLY)?
