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Q4 earnings out, loss $7,484,778, EVERY segment is showing a DECLINE from 2022
Video Solutions 2023 - $7,471,285 and 2022 - $8,252,288
Revenue Cycle Management 2023 - 6,713,678 and 2022 - 7,886,107
Entertainment 2023 - 14,063,381 and 2022 -20,871,500
it's just getting WORSE AND WORSE and WORSE
as management gives themselves a bonus each and every year
WOW dgly borrowed 3 mill for 1.58% A MONTH, that's like 20% interest rates
This company is so DESPERATE and out of cash, and keeps losing tens of millions every year
The Note bears interest at a rate of 1.58% per month.
Pursuant to the Note, the Borrowers shall repay the Note, in full, on the earlier of (i) November 1, 2024, and (ii) the consummation of the merger between Kustom Entertainment and CL Merger Sub, Inc. (“CL Merger Sub”) pursuant to the Merger Agreement among the Company, Kustom Entertainment, Clover Leaf Capital Corp., Yntegra Capital Investments LLC and CL Merger Sub, dated as of June 1, 2023 (the “Maturity Date”). The Borrowers shall pay in arrears in cash an amount equal to 50% of revenues from all ticket sales generated by Kustom Entertainment, up nine thousand tickets sold, and thereafter equal to 10% of all revenues from all ticket sales until the earlier of the date on which the Note is repaid in full or the Maturity Date. The Note bears interest at a rate of 1.58% per month. The Borrowers have the right, but not the obligation, under the Note to prepay the Note, upon written notice to the Purchaser, by payment in full of the entire outstanding principal balance plus interest. Upon a change of control of either Borrower or a sale or all or substantially all of either Borrower’s assets, the Purchaser may require the Borrowers to repay the Note, upon written notice to the Borrowers, by payment in full of the entire outstanding principal balance plus interest. In addition, upon the receipt of proceeds from any financing or extraordinary receipts, the Borrowers are required to repay the Note as follows: (A) if the aggregate proceeds of all such financings and extraordinary receipts are less than $3,000,000, the Borrowers shall prepay an amount equaling to 50% of the outstanding principal of the Note, and (B) if the aggregate proceeds of all such financings and extraordinary receipts are equal to or greater than $3,000,000, the Borrowers shall prepay the Note in full.
DGLY attending MJBizCon: Marijuana Conference and Cannabis Conference
Wow has this company fallen to new lows
Seems more like a party for execs at shareholders expense
Headed to penny stock terrirory, I was right all along
Sales are falling, they stopped reporting by business unit, so we don't know where
Interesting
January this was $6 after the split, cash and time are running out
DGLY Notable price drop since January 37% price decline
Bad management, how much will the earnings loss be this quarter 5-6-7-8 million
Where’s the company split
Or did they change their minds???
Was it all a pr play to pump the price
DGLY issuing 2 million shares or more
Out of cash again???
Attending conferences to sell shares not product???
Up to 1,925,000 Shares of Common Stock
Consisting of
Up to 800,000 Shares of Common Stock Issuable Upon Conversion of Senior Secured Convertible Notes
Up to 375,000 Shares of Common Stock Issuable Upon Exercise of Tranche 1 Common Stock Purchase Warrants
Up to 375,000 Shares of Common Stock Issuable Upon Exercise of Tranche 2 Common Stock Purchase Warrants
Up to 375,000 Shares of Common Stock Issuable Upon Exercise of Tranche 3 Common Stock Purchase Warrants
DGLY NOT the market leader in anything
15.5% drop in camera business
lost 9 million in Q4
and lost almost 30 million in 2022
and the stock price is failing
do execs deserve their bonus?????????
2022 dgly LOST $8.50 per share = It's getting WORSE
and management is proud????
Q4 lose alone was over 9 million
It's getting WORSE
Now trading at 19.5 cents, reverse split adjusted
I wonder if the earnings will be a 7 million or 8 million loss or more
Dgly management a total failure
1 for 20 reverse split, wow FAILURE and desperation
This company is floundering with massive loses each quarter
Digital Ally, Inc. (NASDAQ: DGLY) (the “Company”), a market leader for advanced video solutions, revenue cycle management, and live event production and ticketing, today announced a 1-for-20 reverse split (the "Reverse Stock Split") of the Company’s common stock (the "Common Stock").
$34 in 2014, 28 cents yesterday a loss of 99.17%
That has to be a world record
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