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Sep 30, 2023
Digital Ally Q3 2023 Earnings Report
Announced operating results for the third quarter of 2023.
Key Takeaways
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.
Reported over $6.3 million in quarterly revenues for the third quarter of 2023.
Gross profits greatly improved compared to the third quarter of 2022.
Deferred revenue balance is approaching the $10 million mark, increasing from approximately $7.2 million at September 30, 2022, to nearly $9.9 million at September 30, 2023.
Kustom 440 hosted its first festival during 2023, in Kansas City at Legends Field, headlining Chris Young and Gabby Barrett.
Digital Ally
Digital Ally
Forward Guidance
Digital Ally is excited about the filing of a Registration Statement on Form S-4 by Clover Leaf with the SEC relating to the proposed business combination between Kustom Entertainment and Clover Leaf Capital Corp. Additionally, they are very excited about the organic growth opportunities with the Kustom 440 subsidiary.