Digital Ally (DGLY) projects 2022 revenues of approximately $50 million

Digital Ally, Inc. (NASDAQ: DGLY) (the “Company”), which develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety, and security for venues and events, announced during its third quarter earnings call on November 17, 2021, that it was issuing guidance for the 2021 fourth quarter and preliminary guidance for the full 2022 fiscal year.

The Company expects its 2021 Q4 revenues to exceed $9.0 million, having their 2021 fiscal year revenue expectation to be approximately $18.0 million.

“We are pleased with our third quarter financial results and more specifically our recently acquired operating companies,” said Stan Ross, CEO of Digital Ally, adding, “Both TicketSmarter and Digital Ally Healthcare are already impacting our financial metrics and we are confident that through organizational synergies and solid leadership vision, the best is yet to come.”

The Company anticipates its 2022 fiscal year revenues to be approximately $50.0 million. Our expectations for continued growth and value creation are evident in our fourth quarter guidance as well as our full year 2022 guidance. We look forward to providing more detail on the key drivers of our recent and expected performance along with updates on our strategic initiatives during our first quarter earnings call. We currently anticipate the following drivers are supporting our full year guidance for 2022.

Drivers include:

• Digital Ally’s core business of video solutions expects to continue gaining traction in 2022 with the launch of new body cameras and docking station technologies with an emphasis on subscription sales.
• Its ShieldTM line of health protection products developing into the post-pandemic market with a healthy funnel of large volume clients and prospects.
• Digital Ally Healthcare’s focus on making strategic, accretive acquisitions of privately held medical billing companies in a fragmented market.
• TicketSmarter’s® involvement with professional and collegiate partnerships which includes offering over 48 million tickets to over 125,000 live events across North America.

Ross added, “As we complete 2021 and look into 2022, we are confident in our strategy to continue to seek companies with positive EBITDA and growth potential for all Digital Ally operating companies. We are excited for the future as we continue to expand our businesses.”

For a full replay of the Company’s third quarter earnings call and more details regarding its operating companies, interested parties may dial 855.859.2056 and enter conference ID #9338026. A replay of this conference call will be available until January 17th, 2022.

About TicketSmarter

With 48 million tickets for sale for over 125,000 live events TicketSmarter® is a national ticket marketplace offering tickets for live events featuring sports, concerts and theater. TicketSmarter is the official ticket resell partner of Rose Bowl Stadium and the title sponsor of the TicketSmarter Birmingham Bowl with ESPN Events. Additionally, TicketSmarter is the official ticket resell partner of more than 35 collegiate conferences, 250+ universities, and hundreds of events, venues, and charities nationally – including St. Jude Children's Research Hospital, V Foundation and Quarterbacking Children’s Health Foundation.

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