Digital Ally, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023
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Digital Ally, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 8.28 million compared to USD 9.35 million a year ago. Net loss was USD 8.39 million compared to USD 1.07 million a year ago. Basic loss per share from continuing operations was USD 3.01 compared to USD 0.44 a year ago. Diluted loss per share from continuing operations was USD 3.01 compared to USD 0.44 a year ago.
For the six months, revenue was USD 15.98 million compared to USD 19.65 million a year ago. Net loss was USD 14.5 million compared to USD 7.67 million a year ago. Basic loss per share from continuing operations was USD 5.24 compared to USD 3.08 a year ago. Diluted loss per share from continuing operations was USD 5.24 compared to USD 3.08 a year ago.
Digital Ally, Inc., through its subsidiaries, is engaged in video solution technology, human and animal health protection products, healthcare revenue cycle management, ticket brokering and marketing, event production and jet chartering. Its Video Solutions segment produces digital video imaging, storage products, disinfectant and related safety products for use in law enforcement, security and commercial applications. This segment includes both service and product revenues through its subscription models offering cloud and warranty solutions, and hardware sales for video and health safety solutions. Its Revenue Cycle Management segment provides working capital and back-office services to healthcare organizations throughout the country, as a monthly service fee. Its Entertainment segment acts as an intermediary between ticket buyers and sellers within its secondary ticketing platform, ticketsmarter.com, and acquires tickets from primary sellers to then sell through various platforms.