Digital Ally Inc. (DGLY)

[Captain_Chaos]

DGLY SCRAPPED 2.5 million in inventory in Q4

From the conference call
They scrapped 2.5 million in inventory
and they still have 10.7 million in inventory left
- WILL THEY SCRAP THIS AS WELL in Q1/Q2 2016
you can't blame anyone but management for bad inventory control
- WILL THERE BE LAYOFFS SOON AS WELL


We also began scrapping all of our legacy units DVM-500, DVM-500 Pluses, 100s, 400s that were not wireless capable that's as technology is revolving the non-wireless capable units are becoming dinosaurs, so we took that charge and wrote those down are off in 2015. We also discontinued our use of one of our suppliers of box build units and we scrapped a number of the units that they have provided us previously. So anyway those charges all added up to roughly $2.5 million and was a direct cause of the decline in the gross margin 2015.