Digital Ally, Inc. Announces Third Quarter Operating Results
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Roth Capital Downgrades Digital Ally (DGLY) to Neutral Following Disappointing Q3
November 13, 2015 6:33 AM ESTRoth Capital downgraded Digital Ally (NASDAQ: DGLY) from Buy to Neutral with a price target of $7.00 (from $16.00) following disappointing Q1 results.
Analyst William Gibson commented, "Digital Ally didn't turn profitable as we expected; the quarter was disappointing in revenue, profit margins and more production... More
Digital Ally (DGLY) Corrects FY15 Revenue Outlook
November 13, 2015 6:15 AM ESTDigital Ally (NASDAQ: DGLY) disclosed the following on Friday morning:
In an investor conference call on November 12, 2015 Stanton E. Ross, Chairman, President and Chief Executive Officer of Digital Ally, Inc. (the Company), stated that the Company expected its revenues in fiscal 2015 will be in... More
Digital Ally (DGLY) Posts Surprise Q3 Loss
November 11, 2015 4:35 PM ESTDigital Ally (NASDAQ: DGLY) reported Q3 EPS of ($0.32), $0.37 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $5.1 million versus the consensus estimate of $6.75 million.
The Company shipped seven orders in excess of $100,000 each during the most recent quarter, for a total of $1.3 million, compared with two individual orders exceeding $100,000 each in the year-earlier quarter. The Company's average order size increased to approximately $3,185 for in the third quarter of 2015, from $2,760 in the prior-year quarter.
Management Comments
"Although third quarter revenues were higher than... More
