Digital Ally Inc Stock Price, News & Analysis

Baltimore - TicketSmarter and Sinclair Sports Group (NASDAQ:SBGI) have formed a multi-year partnership making TicketSmarter the official ticket provider for Bally Sports and Tennis Channel's digital platforms. The agreement allows TicketSmarter's offerings to be featured on Sinclair-owned websites, facilitating event ticket purchases. TicketSmarter is known for its extensive ticket options, including over 125,000 live events and 48 million available tickets. The collaboration aims to enhance access to live events for fans while integrating TicketSmarter's branding across various Sinclair digital properties.

Digital Ally (NASDAQ: DGLY) announced its subsidiary, Nobility Healthcare, acquired a billing company generating an annual revenue run rate of approximately $3.5 million. This acquisition brings Nobility Healthcare's total revenue run rate to $7.5 million. The purchase was valued at $2.1 million, with about 64% paid in cash and the remaining through an earn-out note with a 3% interest, payable over 37 months. This marks a strategic expansion into revenue cycle management services targeted at dental practices.

Digital Ally (NASDAQ: DGLY) reported an impressive revenue for Q4 2021, exceeding $11 million, leading to total fiscal 2021 revenues of over $20 million, surpassing earlier forecasts. The company's CEO, Stan Ross, expressed satisfaction with the performance and confirmed anticipated revenue of approximately $50 million for FY 2022, driven by new product launches. A stock buy-back program was initiated, with over 1.7 million shares purchased to date, signaling confidence in the company’s future.

Digital Ally, Inc. (NASDAQ: DGLY) has concluded its 2021 year-end patent review, announcing a total of eight issued patents for the year. This expansion of its patent portfolio underscores the Company’s focus on innovative technology for law enforcement and commercial fleets. Among the newly issued patents are advancements in video recording systems and emergency monitoring, enhancing safety and evidence capture capabilities. CEO Stan Ross highlighted the hard work of the engineering team in achieving this recognition, positioning Digital Ally for future growth and innovation.

Digital Ally, Inc. (NASDAQ: DGLY) announced that its Special Meeting of Stockholders, originally scheduled for December 28, 2021, has been adjourned to January 11, 2022. This decision was made to ensure a quorum for the transaction of business per the Company’s Amended and Restated Bylaws. The record date for voting remains October 21, 2021, and stockholders do not need to recast their votes unless changes are desired. The Company urges stockholders to read the proxy materials and participate in the voting process to have their votes counted.

Digital Ally, Inc. (NASDAQ: DGLY) announces a partnership between its subsidiary TicketSmarter and Gannett Co., Inc. This agreement integrates TicketSmarter's ticket resale platform with USA TODAY NETWORK, extending its reach to over 145 million visitors monthly. The user-friendly platform will provide easy access to event tickets across local media sites. TicketSmarter's recent notable deals include partnerships with major sports conferences, further enhancing its market presence. This collaboration aims to improve consumer access to live events while promoting growth for both companies.

Digital Ally has announced a partnership between its subsidiary, TicketSmarter, and the New Orleans Pelicans, enhancing ticket buying and selling experiences for fans. This collaboration joins a network of pro basketball organizations leveraging TicketSmarter's platform. TicketSmarter offers 48 million tickets for over 125,000 events across the country. Digital Ally aims to capitalize on this partnership's growth potential while continuing to scale its ticketing services.

Digital Ally has announced the launch of its FirstVu PRO, an advanced body-worn camera designed for law enforcement. Pre-orders have begun, with expected shipping in the first quarter of 2022. Key features include livestreaming, GPS tracking, and remote activation. The product is part of a broader ecosystem, compatible with the QuickVu docking station. CEO Stan Ross emphasized its potential to enhance safety and efficiency for law enforcement personnel.

The Special Meeting of Stockholders for Digital Ally (NASDAQ: DGLY), initially set for December 13, 2021, has been adjourned to December 28, 2021, at 11:15 AM ET. This adjournment was necessary to secure a quorum for business transactions as per the Company’s Amended and Restated Bylaws. Stockholders do not need to vote again unless they wish to change their votes. The Company urges stockholder participation and emphasizes the significance of every vote. For voting assistance, stockholders can reach out to Laurel Hill Advisory Group.