Digital Ally Earnings Reports

Digital Ally posted revenue of $5.63M in Q2 2025, essentially flat year-over-year. However, higher costs pushed the company into a gross loss, and operating losses widened. Net loss per share was -$3.21, reflecting ongoing financial pressure despite financing activities that improved liquidity.

Digital Ally, Inc. experienced a decrease in total revenue for the three months ended March 31, 2025, primarily due to reduced product sales in the video solutions segment and a decrease in entertainment product revenues. Despite the revenue decline, the company significantly improved its operating loss and achieved net income, driven by gains on extinguishment of liabilities and changes in fair value of warrant derivative liabilities. The company also substantially improved its working capital and stockholders' equity.

Digital Ally reported a decrease in total revenues and gross profit for the second quarter of 2024 compared to the same period in 2023, but showed an improvement in operating losses. The company is focusing on margins and working towards profitability, with success in new video products and the Digital Ally Healthcare venture.

Digital Ally reported a decrease in total revenues but an improvement in operating losses for the first quarter of 2024. Gross profit saw mixed results across different segments, with video solutions and entertainment showing improvements, while revenue cycle management experienced a decline. The company is also progressing with its proposed business combination involving Kustom Entertainment.

Digital Ally, Inc. reported its 2023 operating results, highlighting a significant increase in gross profit driven by improvements in the video solutions and entertainment segments. The company is progressing with its proposed business combination involving Kustom Entertainment and Clover Leaf Capital Corp.

Digital Ally reported $6.3 million in quarterly revenues for Q3 2023, with improved gross profits compared to Q3 2022. The company saw continued success with its new video products and growth in its Digital Ally Healthcare venture. Deferred revenue balance approached $10 million.

Digital Ally reported nearly $8.3 million in quarterly revenues for the second quarter of 2023, along with improved gross profits compared to the second quarter of 2022. Deferred revenue balance was up nearly $3.5 million compared to the end of the second quarter of 2022, reaching nearly $9.5 million at June 30, 2023.

Digital Ally reported first quarter 2023 operating results, with total revenues of $7.7 million and an improved net income. The company saw continued success with new video products and growth in deferred revenue. The Digital Ally Healthcare venture is right-sizing to maximize profitability.

Digital Ally, Inc. announced a 73% increase in total annual revenues for 2022, reaching approximately $37.0 million compared to $21.4 million in 2021. This growth was fueled by new product offerings like FirstVu Pro and acquisitions within the Digital Ally Healthcare venture. The company reported a net loss attributable to common stockholders of ($21,666,691), or ($8.50) per share, in the year ended December 31, 2022 compared to a prior-year net income of $25,474,508, or $10.14 per share.

Digital Ally reported an 83% increase in total revenue for Q3 2022, reaching approximately $8.5 million compared to $4.6 million in Q3 2021. The increase was primarily driven by recent acquisitions, particularly in the revenue cycle management segment, and growth in legacy product lines. However, gross profit decreased by 57% due to an increase in the cost of sales as a percentage of revenue, and the company reported an operating loss of $6,567,023.

Digital Ally reported a 275% increase in total revenues for the second quarter of 2022 compared to the same period in 2021. The growth was driven by recent acquisitions, particularly in the revenue cycle management segment, and increased interest in the company's legacy product lines.

Digital Ally, Inc. reported a 306% increase in total revenues for the first quarter of 2022, driven by acquisitions and growth in its legacy product lines and revenue cycle management segment. The company's revenue cycle management segment is following a roll-up strategy in the medical billing industry.

Digital Ally, Inc. announced a 103% increase in total annual revenues for 2021 compared to 2020. The company reported earnings per share of $0.51 for the year ended December 31, 2021, a significant improvement from the $0.12 loss per share in the previous year. The company's growth was driven by recent product announcements and acquisitions within the Digital Ally Healthcare venture and TicketSmarter.

Digital Ally reported a 29% increase in total revenues for the third quarter of 2021 compared to 2020, with improvements in revenue and net income margin. The company reported earnings per share of $0.16 for the three months ended September 30, 2021.

Digital Ally, Inc. announced a 44% increase in total revenues for the second quarter of 2021 compared to 2020. Gross profit also significantly increased by 221%. The company reported an operating loss of $2,616,884 and a net loss of $5,382,487, or ($0.10) per share.

Digital Ally reported a 4% increase in total revenue and a net income for the first quarter of 2021, driven by the success of its ThermoVU and Shield product lines and a gain from the change in fair value of warrant derivative liabilities.

Digital Ally, Inc. announced its 2020 operating results, highlighting a revenue increase and a substantial reduction in net loss compared to the previous year. The company's strategic expansion into new product lines, including ThermoVU and Shield, contributed approximately $1.65 million in revenue, offsetting the impact of the COVID-19 pandemic on its legacy business. Cost-saving measures and successful public offerings have also strengthened the company's financial position.

Digital Ally reported a 23% increase in total revenues for Q3 2020, reaching $3,588,640, the highest quarterly total since Q1 2017. The company's earnings per share was $0.02, the highest since Q1 2013. The ThermoVU and Shield lines generated approximately $1.1 million in combined revenues.

Digital Ally reported a decrease in total revenues for the second quarter of 2020, primarily due to a decline in product revenues. The company experienced an operating loss, but excluding a patent litigation settlement from the previous year, the operating loss would have improved. The company introduced new product lines, Shield™ and ThermoVu™, and reduced SG&A expenses through staffing reductions and travel limitations.

Digital Ally reported a 5% decrease in revenue for Q1 2020 compared to Q1 2019, but improved gross profit by 18%. The company experienced an operating loss, but it was significantly less than the previous year due to reduced SG&A expenses. The Covid-19 pandemic adversely affected the company's operations as law enforcement and commercial customers delayed purchasing decisions.

Digital Ally, Inc. announced its 2019 operating results, revealing a decrease in total revenue by 7.5% to $10.4 million compared to the previous year. The company faced an operating loss of $6,032,781 and a net loss of $10,005,713, or ($0.87) per share. Despite challenges from competitors and market disruptions, Digital Ally is expanding into new market channels and pursuing recurring service-based revenue.