Loading...
•
Dec 31, 2021
Digital Ally Q4 2021 Earnings Report
Digital Ally reported its Q4 2021 operating results, marked by revenue growth and strategic acquisitions.
Key Takeaways
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.
Total revenue increased by 103.6% to approximately $21.4 million for the year ended December 31, 2021.
Earnings per share reached $0.51, a notable improvement from the prior year's loss of $0.12 per share.
Gross profit increased by 39% to $5,663,775 for the year ended December 31, 2021.
The company's healthcare venture, Nobility Healthcare, LLC, continues to complete acquisitions, contributing to revenue growth.
Forward Guidance
Digital Ally anticipates continued growth and expansion through strategic acquisitions and organic development of its existing business lines. The company expects its healthcare venture and TicketSmarter acquisition to drive future earnings, while remaining cautious in its approach to new opportunities given the current economic environment.
Positive Outlook
- Continued growth in Digital Ally Healthcare venture through acquisitions.
- Potential synergies and opportunities from the TicketSmarter acquisition.
- Substantial liquid resources available for organic expansion and acquisitions.
- Excitement around new product announcements within legacy product lines.
- Effective roll-up strategy in the medical billing industry.
Challenges Ahead
- Uncertainties in the current economic environment.
- Potential challenges in integrating new acquisitions.
- Dependence on successful execution of acquisition strategy.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...