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Digital Ally Inc (DGLY.OQ)

DGLY.OQ on NASDAQ Stock Exchange Capital Market

2.60USD
23 May 2018
Change (% chg)

$-0.03 (-0.95%)
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Latest Key Developments (Source: Significant Developments)

Digital Ally Files For Offering Of Up To Aggregate Of 3.67 Mln Shares Of Common Stock
Wednesday, 23 May 2018 

May 23 (Reuters) - Digital Ally Inc ::DIGITAL ALLY INC FILES FOR OFFERING OF UP TO AGGREGATE OF 3.67 MILLION SHARES OF COMMON STOCK - SEC FILING.  Full Article

Digital Ally Q1 Loss Per Share $0.37
Tuesday, 15 May 2018 

May 15 (Reuters) - Digital Ally Inc ::DIGITAL ALLY, INC. ANNOUNCES 2018 FIRST QUARTER OPERATING RESULTS.Q1 LOSS PER SHARE $0.37.Q1 REVENUE $2.5 MILLION.DIGITAL ALLY - Q1 2018 REVENUES ADVERSELY AFFECTED BY SUPPLY CHAIN ISSUE WHICH PREVENTED CO FROM SHIPPING OVER $705,000 IN ORDER BACKLOG AT QUARTER END.EXPECT THAT SUPPLY CHAIN WILL RETURN TO NORMAL DURING Q2 2018.BOARD OF DIRECTORS HAS INITIATED A REVIEW OF STRATEGIC ALTERNATIVES TO BEST POSITION US FOR FUTURE.STRATEGIC ALTERNATIVES INCLUDE MONETIZING PATENT PORTFOLIO, RELATED PATENT INFRINGEMENT LITIGATION AGAINST AXON AND WATCHGUARD.DIGITAL ALLY - STRATEGIC ALTERNATIVES INCLUDE SALE OF ALL/SOME ASSETS, PROPERTIES/GROUPS OF PROPERTIES/INDIVIDUAL BUSINESSES OR MERGER WITH ANOTHER CO.RETAINED ROTH CAPITAL PARTNERS TO ASSIST IN THIS REVIEW AND PROCESS.BOARD APPROVED $6.05 MILLION PRIVATE PLACEMENT TO ADDRESS NEAR-TERM LIQUIDITY NEEDS BY REPAYING DEBT AND PROVIDING WORKING CAPITAL.ON A NON-GAAP BASIS, REPORTED AN ADJUSTED NET LOSS OF $0.19 PER SHARE.  Full Article

Digital Ally Inc - Received An Order From Kansas City Based Ztrip, Inc
Monday, 14 May 2018 

May 14 (Reuters) - Digital Ally Inc ::DIGITAL ALLY INC - RECEIVED AN ORDER FROM KANSAS CITY BASED ZTRIP, INC.DIGITAL ALLY INC - ORDER TO CONNECT ABOUT 450 DEPLOYED DVM-250 VIDEO EVENT RECORDERS TO FLEETVU CLOUD-BASED DRIVER MONITORING & MANAGEMENT PLATFORM.  Full Article

Digital Ally says ‍will now proceed towards trial with Axon Enterprise over patent lawsuit ​
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Digital Ally Inc :Digital Ally announces significant development in litigation against Axon Enterprise, Inc..Digital Ally - ‍Federal District Court of Kansas rejected request of Axon Enterprise to maintain stay of patent lawsuit brought by digital against it​.Digital Ally Inc says ‍parties will now proceed towards trial​.  Full Article

Digital Ally Q3 adjusted non-gaap loss per share $0.39
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Digital Ally Inc ::Digital Ally, Inc. Announces 2017 third quarter operating results.Q3 adjusted non-gaap loss per share $0.39.Q3 revenue fell 31 percent to $3.0 million.Q3 loss per share $0.56.Digital Ally Inc says "‍we were disappointed with our Q3 2017 revenues​".Digital Ally-deliveries with AMR were placed on hold after 2 catastrophic accidents involving loss of life in vehicles equipped with co's DVM-250's​.Digital Ally Inc - ‍AMR alleged that DVM-250 units in the involved vehicles failed to record accidents​.Digital Ally - ‍met with AMR representatives in Q3 to discuss accidents and performance of co's equipment including plan to re-start contract deliveries​.Digital Ally Inc - ‍proposed to AMR that it update and upgrade its existing equipment and resume deliveries under contract​.Digital Ally Inc - ‍AMR has yet to approve co's proposal to update and upgrade its existing equipment and resume deliveries under contract​.  Full Article

Digital Ally exploring strategic alternatives
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Digital Ally Inc ::Digital Ally exploring strategic alternatives.‍Company has recently received several unsolicited inquiries from parties involving a variety of alternatives​.‍Unsolicited inquiries include full sale of company, partial sale of its law enforcement or commercial divisions, among others​.Has recently entered into an exclusive distribution agreement with VieVU, LLC regarding company's patented VuLink product line​.Board of directors and management engaged Roth to ensure that company and its shareholders consider all reasonable alternatives​.  Full Article

Digital Ally receives favorable ruling in lawsuit against Taser International
Friday, 14 Oct 2016 

Digital Ally Inc : Digital Ally receives favorable ruling in lawsuit against Taser International . Digital Ally -ruling allows co to start discovery, which will include requests for production of docs, interrogatories, depositions of Taser employees .Digital Ally - ruling also will also allow digital ally to undertake discovery of taser's customers beginning with subpoenas, production of documents.  Full Article

Digital Ally says Q2 revenue $4.4 million
Friday, 5 Aug 2016 

Digital Ally Inc : Q2 loss per share $0.54 . Digital Ally Inc announces second quarter operating results . Q2 revenue $4.4 million . Says "will work to continue reducing inventory levels during balance of 2016" . Says "believe that gross margins should return to more normal levels in future quarters" .Believe Q2 2016 revenues were negatively impacted by "ongoing confusion caused by a competitor's misleading press release regarding our patents".  Full Article

Digital Ally receives supply contract exceeding $1 mln for body cameras, service and storage systems
Tuesday, 2 Aug 2016 

Digital Ally Inc :Receives supply contract exceeding $1.0 million for body cameras, service and storage systems.  Full Article

BRIEF-Digital Ally Files For Offering Of Up To Aggregate Of 3.67 Mln Shares Of Common Stock

* DIGITAL ALLY INC FILES FOR OFFERING OF UP TO AGGREGATE OF 3.67 MILLION SHARES OF COMMON STOCK - SEC FILING Source text: (https://bit.ly/2KPee2v) Further company coverage: