Digital Ally Announces Deferred Revenue Surpasses $10 Million Mark
2023年12月14日 - 10:45PM
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 event security, today announced a
notable milestone with its deferred revenue balance exceeding $10
million for the first time in the Company’s history.
The Company’s switch to a subscription program
model in mid-2020 has proven to be a great success and widely
accepted in the industry as adequate funding for many
municipalities can be a rigorous and slow process. The subscription
model minimizes their upfront capital expenditure and allows
flexibility for the customer based on their current financial
situation, without having to sacrifice their urgency for video
evidence technology.
“We’re proud to announce another great milestone
for the Company, as we continue to build momentum throughout the
marketplace and compile a robust customer base taking advantage of
our subscription model. Surpassing $10 million is a great feat for
the Company, with nearly 300 customers currently utilizing our
subscription plans throughout the country,” said Brody Green,
President of Digital Ally, adding, “By no means does this satisfy
our management team, as we fully expect these numbers to continue
to grow alongside our market share within this industry and others.
We are excited about the forward progress being made, and this
milestone shows the potential and future growth the Company will
have as it becomes disciplined and attentive moving forward.”
The milestone comes on the heels of the
Company’s recent filing of the S-4/A Registration Statement
Amendment with the U.S. Securities and Exchange Commission, the
announcement of several notable law enforcement orders and patents,
as well as the addition of its InterVu Room solution. Digital Ally
continues to demonstrate its commitment to innovation and a
world-class video solutions ecosystem with the FirstVu Pro
body-worn camera, EVO-HD in-car system, InterVu Room system, EVO
Web and QuickVu docking stations.
About Digital Ally
Digital Ally, Inc. (NASDAQ: DGLY) through its
subsidiaries, is engaged in video solution technology, human &
animal health protection products, healthcare revenue cycle
management, ticket brokering and marketing, event production and
jet chartering. Digital Ally continues to add organizations that
demonstrate the common traits of positive earnings, growth
potential, innovation and organizational synergies.
For additional news and information please visit
www.digitalally.com or follow Digital Ally Inc. social media
channels here:
Facebook | Instagram | LinkedIn | Twitter
Contact InformationBrody Green,
PresidentStanton Ross, CEOTom Heckman, CFODigital Ally,
Inc.913-814-7774info@digitalallyinc.com
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Act of 1934. These
forward-looking statements are based largely on the expectations or
forecasts of future events, can be affected by inaccurate
assumptions, and are subject to various business risks and known
and unknown uncertainties, a number of which are beyond the control
of management. Therefore, actual results could differ materially
from the forward-looking statements contained in this press
release. A wide variety of factors that may cause actual results to
differ from the forward-looking statements include, but are not
limited to, the following: whether the Company will be able to
maintain or expand its share of the markets in which it competes
with the Video Room solution, FirstVu Pro body cameras, EVO HD
in-car camera, QuickVu docking stations and EVO Web; whether the
Company will make a global impact with its technology innovations;
whether the Company will be able to adapt its technology to new and
different uses, including being able to introduce new products;
competition from larger, more established companies with far
greater economic and human resources; its ability to attract and
retain customers and quality employees; the effect of changing
economic conditions; whether the technology referenced in this
release will work as anticipated and meet the needs of the
Company’s customers; and changes in government regulations, tax
rates and similar matters. These cautionary statements should not
be construed as exhaustive or as any admission as to the adequacy
of the Company's disclosures. The Company cannot predict or
determine after the fact what factors would cause actual results to
differ materially from those indicated by the forward-looking
statements or other statements. The reader should consider
statements that include the words "believes", "expects",
"anticipates", "intends", "estimates", "plans", "projects",
"should", or other expressions that are predictions of or indicate
future events or trends, to be uncertain and forward-looking. The
Company does not undertake to publicly update or revise
forward-looking statements, whether as a result of new information,
future events or otherwise. Additional information respecting
factors that could materially affect the Company and its operations
are contained in its annual report on Form 10-K for the year ended
December 31, 2022, and quarterly report on Form 10-Q for the three
and nine months ended September 30, 2023, as filed with the
Securities and Exchange Commission.
Digital Ally (NASDAQ:DGLY)
過去 株価チャート
から 4 2024 まで 5 2024
Digital Ally (NASDAQ:DGLY)
過去 株価チャート
から 5 2023 まで 5 2024