Digital Ally Inc
NASDAQ:DGLY
Digital Ally Inc
Digital Ally, Inc. engages in the design, manufacture, and sale of digital audio, video recording, and speed detection devices. The company is headquartered in Lenexa, Kansas and currently employs 146 full-time employees. The company went IPO on 2005-02-22. The Company’s products include in-car digital video or audio recorders contained in a rear-view mirror for the use in law enforcement and commercial fleets, and a system that provides its law enforcement customers with audio or video surveillance from multiple vantage points, and hands-free automatic activation of body-worn cameras and in-car video systems. The company offers a miniature digital video system designed to be worn on an individual’s body, and cloud storage solutions. The Company’s products also include ThermoVu, which is a line of self-contained temperature monitoring stations that provides alerts and controls facility access when an individual’s temperature exceeds a pre-set threshold, and Shield disinfectants and cleansers, which are used against viruses and bacteria.
Digital Ally, Inc. engages in the design, manufacture, and sale of digital audio, video recording, and speed detection devices. The company is headquartered in Lenexa, Kansas and currently employs 146 full-time employees. The company went IPO on 2005-02-22. The Company’s products include in-car digital video or audio recorders contained in a rear-view mirror for the use in law enforcement and commercial fleets, and a system that provides its law enforcement customers with audio or video surveillance from multiple vantage points, and hands-free automatic activation of body-worn cameras and in-car video systems. The company offers a miniature digital video system designed to be worn on an individual’s body, and cloud storage solutions. The Company’s products also include ThermoVu, which is a line of self-contained temperature monitoring stations that provides alerts and controls facility access when an individual’s temperature exceeds a pre-set threshold, and Shield disinfectants and cleansers, which are used against viruses and bacteria.
Turnaround Quarter: Digital Ally reported a dramatic financial turnaround in Q1 2025, swinging from a net loss last year to $4.2 million in net income this quarter.
Cost Cutting: SG&A expenses were slashed by 72%, resulting in a $2.6 million savings compared to last year, and annualized SG&A costs are down nearly $7 million.
Gross Margins: Gross margin rose to 36% from 28% last year, with margin dollars up 5% despite a 19% drop in revenue.
Balance Sheet Strength: A $14 million public offering greatly improved liquidity, boosting cash to $3.8 million and working capital to $3.4 million.
NASDAQ Compliance: The company is back in compliance with most NASDAQ listing requirements after two reverse stock splits; only the $1 minimum bid price remains under review but is expected to be resolved soon.
Operational Momentum: Backlog of $2 million in video product orders and over $10 million in deferred (subscription) revenue position the core business for growth in coming quarters.
Entertainment Segment Optimism: TicketSmarter profitability improved through more selective sponsorships; the Kustom 440 event business anticipates strong growth, especially with the Country Stampede event.
Strategic Focus: Management is considering selling the medical billing entity to focus more on core video and entertainment segments.
