Digital Ally Inc. (DGLY) shares lost 3.52% in after-hours on Wednesday, November 17, 2021, and closed the daily trading at $1.37. However, DGLY’s stock gained 12.70% in the regular trading session. DGLY shares have fallen 41.08% over the last 12 months, and they have moved up 20.34% in the past week. Over the past three months, the stock has gained 8.40%, while over the past six months, it has declined 17.44%.
Let’s see is there any latest development?
DGLY latest news
On November 17, 2021, Digital Ally, Inc. (DGLY), announced its third-quarter 2021 financial results.
Q3 2021 financial highlights
- DGLY total revenue was $4,639,822 in Q3 2021 compared to $3,588,640 in Q3 2020.
- The total cost of revenue was $3.2 million in Q3 2021 compared to $2.36 million in Q3 2020.
- The gross margin percentage decreased to 30% in the third quarter of 2021 compared to 36% in 2020.
- Selling, general and administrative expenses were $4,999,543 for the third quarter of 2021 compared to and $3,066,605 in Q3 2020.
- Total operating expenses were $5.0 million in Q3 2021 compared to $3.06 million in Q3 2020.
- it earned a net income of $8,068,799, or $0.16 per share, in the third quarter ended September 30, 2021, compared to a prior-year net income of $527,442 or $0.02 per share.
DGLY notable In-Car and Body-Worn Cameras orders
On October 20, 2021, Digital Ally, Inc. received a notable upgrade order from the Columbus Police Department (NE) for twenty (20) EVO-HD in-car systems and thirty (30) FirstVu HD body-worn cameras hosted on the EVO Web evidence management solution.
Also on October 18, 2021, DGLY received multiple orders for its next-generation body-worn camera, FirstVu II, and QuickVu docking station. These orders come immediately after the Company announced the body camera and docking station were readily available.
DGLY new Body-Worn Cameras
On October 13, 2021, Digital Ally, Inc. (DGLY) revealed its next-gen body-worn camera, FirstVu II, and its most advanced body camera docking station, QuickVu. The FirstVu II is a lightweight, one-piece device that can be applied in law enforcement, private and event security and commercial segments. The new device can be mounted on a tripod and can be mounted inside a vehicle as well as continued use as a body camera. The Company is offering the FirstVu II through its highly popular subscription payment model.
DGLY acquired Ticket Marketplace
On September 08, 2021, Digital Ally, Inc. (DGLY)announced to acquire TicketSmarter, LLC and Goody Tickets, LLC.
Digital Ally will pay 70% of the $14.1 million purchase price, through a combination of cash and Digital Ally shares, and the remaining balance to be paid through an earn-out promissory note payable by March 31, 2022.
Conclusion
Well, the recent financial results announcement was the reason behind its after-hours loss because it was not impressive and it can further decline in the coming trading session on Thursday.