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Dec 31, 2019
Digital Ally Q4 2019 Earnings Report
Reported a decrease in revenue and an operating loss for the year ended December 31, 2019.
Key Takeaways
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.
Total revenue decreased by 7.5% to $10.4 million compared to 2018.
Gross profit decreased by 18% to $3,232,629.
Operating loss was $6,032,781, compared to $10,556,057 in 2018.
Net loss was ($10,005,713), or ($0.87) per share, compared to a prior-year net loss of $15,544,551.