Friday, May 17, 2024 5:50:23 PM
Product revenues for the three months ended March 31, 2024 and 2023 were $1,565,846 and $2,453,810 respectively, an decrease of $887,964 (36%), due to the following factors:
Even the video segment is failing fast
The Company’s video segment operating segment generated revenues totaling $721,188 during the three months ended March 31, 2024 compared to $1,193,021 for the three months ended March 31, 2023. In general, our video solutions operating segment has experienced pressure on its product revenues as our in-car and body-worn systems are facing increased competition because our competitors have released new products with advanced features. Additionally, our law enforcement revenues declined compared to the same period in 2023 due to price-cutting and competitive actions by our competitors, adverse marketplace effects related to our patent litigation proceedings and our recent financial condition.
Recent DGLY News
- Digital Ally Announces Closing of Approximately $2.9 Million Private Placement • GlobeNewswire Inc. • 06/25/2024 08:15:00 PM
- Digital Ally Announces Pricing of approximately $2.9 million Private Placement • GlobeNewswire Inc. • 06/24/2024 01:35:00 PM
- American Rebel Light to be Featured at Country Stampede in Bonner Springs, Kansas June 27 - 29 • GlobeNewswire Inc. • 06/10/2024 01:10:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 05/20/2024 08:32:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:30:31 PM
- DIGITAL ALLY, INC ANNOUNCES FIST QUARTER 2024 OPERATING RESULTS • GlobeNewswire Inc. • 05/20/2024 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/17/2024 08:55:44 PM
- Digital Ally Announces Multi-Year Agreement with the Kansas City Chiefs • GlobeNewswire Inc. • 04/08/2024 12:00:00 PM
- DIGITAL ALLY, INC ANNOUNCES 2023 OPERATING RESULTS • GlobeNewswire Inc. • 04/02/2024 12:10:00 PM
- Digital Ally Announces Notable Contract with The Parking Spot • GlobeNewswire Inc. • 03/07/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 01:30:22 PM
- KUSTOM ENTERTAINMENT ACQUIRES PRESTIGIOUS COUNTRY STAMPEDE MUSIC FESTIVAL • GlobeNewswire Inc. • 03/05/2024 01:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 10:25:23 PM
- Digital Ally Announces University Security Order • GlobeNewswire Inc. • 01/24/2024 01:30:00 PM
- Digital Ally Concludes 2023 With Over 110 New Subscription Customers During the Year • GlobeNewswire Inc. • 01/03/2024 01:50:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/15/2023 09:30:19 PM
- Digital Ally Announces Deferred Revenue Surpasses $10 Million Mark • GlobeNewswire Inc. • 12/14/2023 01:45:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 12/12/2023 02:26:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 02:25:26 PM
- Kustom Entertainment Inc. and Clover Leaf Capital Corp. Amend the Lock-Up Agreement in their Proposed Business Combination • GlobeNewswire Inc. • 12/12/2023 01:35:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 12/11/2023 01:46:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/11/2023 01:45:18 PM
- KUSTOM ENTERTAINMENT NAMES ERIK DAHL CHIEF FINANCIAL OFFICER • GlobeNewswire Inc. • 12/11/2023 01:30:00 PM
- Digital Ally Announces First Ever Attendance at MJBizCon Las Vegas • GlobeNewswire Inc. • 11/27/2023 01:30:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 11/15/2023 12:47:23 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM