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Digital Ally(DGLY) - 2023 Q3 - Quarterly Report
2023-11-13 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________. Commission File Number: 001-33899 Digital Ally, Inc. (Exact name of registrant as specified in its charter) Nevada 20-0064269 (State or o ...
Digital Ally(DGLY) - 2023 Q2 - Quarterly Report
2023-08-13 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________. Commission File Number: 001-33899 Digital Ally, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...
Digital Ally(DGLY) - 2023 Q1 - Earnings Call Transcript
2023-05-16 22:15
Digital Ally, Inc. (NASDAQ:DGLY) Q1 2023 Results Conference Call May 16, 2023 11:15 AM ET Company Participants Stan Ross - CEO Brody Green - President and Acting CFO Conference Call Participants Allen Klee - Maxim Group Bryan Lubitz - Equitable Mike Albanese - EF Hutton Operator Good morning, ladies and gentlemen, and welcome to the Digital Ally, Inc. Q1 2023 Operating Results Conference Call. [Operator Instructions] This conference call may contain forward-looking statements within the meaning of Section 2 ...
Digital Ally(DGLY) - 2023 Q1 - Quarterly Report
2023-05-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023. Commission File Number: 001-33899 Digital Ally, Inc. (Exact name of registrant as specified in its charter) Nevada 20-0064269 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 14001 Marshall Drive, Lenexa, KS 66215 (Address of principal execut ...
Digital Ally(DGLY) - 2022 Q4 - Earnings Call Transcript
2023-04-03 17:32
Financial Data and Key Metrics Changes - The company reported a revenue of $8.3 million for the Video Solutions segment, down approximately 9% year-over-year, attributed to the subscription model and larger sales in 2021 compared to 2022 [6] - The Revenue Cycle Management segment saw a significant increase of 393%, reaching nearly $8 million, primarily due to a full year of operations from acquisitions made in early 2022 [7] - The entertainment segment generated $20.9 million in revenue, a 95% increase from 2021, benefiting from a full year of operations for TicketSmarter [21] - The company reported $3.5 million in cash and $11.4 million in positive working capital, with minimal interest-bearing debt obligations of $900,000 [9] Business Line Data and Key Metrics Changes - Video Solutions segment had a deferred revenue increase from $4.3 million at the end of 2021 to $8 million at the end of 2022 [6] - Revenue Cycle Management achieved a gross margin of $3.3 million, indicating strong profitability [22] - The entertainment division had a gross profit of approximately $300,000, with efforts underway to enhance profitability [22] Market Data and Key Metrics Changes - The ticketing platform, TicketSmarter, generated approximately $21 million in revenue, with potential for growth as the company plans to conduct more live events [11][29] - The company anticipates a strong performance in the entertainment sector, with Live Nation predicting record years, indicating a positive market environment [29][44] Company Strategy and Development Direction - The company is considering a spin-off of the entertainment side of the business, allowing Medical Billing and Video Solutions to remain under Digital Ally [3] - The focus is on maximizing profitability and operational synergies from recent acquisitions, with no new acquisitions since February 2022 [8][19] - The company aims to enhance its ticketing and entertainment division, leveraging existing relationships with municipalities and law enforcement agencies to drive growth [34][55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the potential for growth in the entertainment sector and the positive reception of new products in the law enforcement market [13][39] - The anticipated spin-off is expected to clarify the company's structure and enhance shareholder value [43][48] - The company is on track to complete necessary audits for the spin-off by mid-2023, with a potential separation date around July 1 [28] Other Important Information - The company regained NASDAQ compliance on February 6, 2023, and extinguished most of its outstanding warrants, resulting in a $3.6 million gain [18][19] - The Video Solutions segment faced challenges with a negative gross margin of $1.25 million due to inventory reserves related to PPE products [41] Q&A Session Summary Question: Potential of the entertainment ticketing side of the business - Management highlighted the unique opportunities in the entertainment division, leveraging relationships with municipalities and the ability to host events in various venues [31][34] Question: Future concert events and revenue generation - Management expressed excitement about upcoming concerts and the potential to generate significant additional revenue through ticket sales and production [35][55]
Digital Ally(DGLY) - 2022 Q4 - Annual Report
2023-03-30 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________. Commission file number: 001-33899 DIGITALALLY, INC. (Exact name of registrant as specified in its charter) Nevada 20-0064269 (State or other jurisd ...
Digital Ally(DGLY) - 2022 Q3 - Earnings Call Transcript
2022-11-17 16:05
Digital Ally, Inc. (NASDAQ:DGLY) Q3 2022 Earnings Conference Call November 16, 2022 11:15 AM ET Company Participants Stanton Ross - Chief Executive Officer Tom Heckman - Chief Financial Officer Brody Green - Chief Accounting Officer Conference Call Participants Rommel Dionisio - Aegis Capital Michael Albanese - EF Hutton Operator Good morning, ladies and gentlemen, and welcome to the Digital Ally, Inc. 2022 Third Quarter Operating Results Conference Call. This conference call may contain forward-looking st ...
Digital Ally(DGLY) - 2022 Q3 - Quarterly Report
2022-11-13 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of exchange on which registered Common stock, $0.001 par value per share DGLY The Nasdaq Capital Market LLC FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ t ...
Digital Ally(DGLY) - 2022 Q2 - Quarterly Report
2022-08-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________. Commission File Number: 001-33899 Digital Ally, Inc. (Exact name of registrant as specified in its charter) Nevada 20-0064269 (State or other ...
Digital Ally(DGLY) - 2022 Q1 - Earnings Call Transcript
2022-05-24 18:54
Digital Ally, Inc. (NASDAQ:DGLY) Q1 2022 Earnings Conference Call May 24, 2022 11:15 AM ET Company Participants Stan Ross - Chief Executive Officer Tom Heckman - Chief Financial Officer Conference Call Participants Rommel Dionisio - Aegis Capital Bryan Lubitz - Aegis Capital Mike Albanese - EF Hutton Operator Ladies and gentlemen, thank you for standing by, and welcome to Digital Ally’s 2022 First Quarter Operating Results Call. At this time, all participants lines are in a listen-only mode. After the speak ...