Expanding entertainment company is redefining online ticketing with innovative design and transparent pricing KANSAS CITY, March 18, 2024 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ:DGLY) – Kustom Entertainment, Inc. ("Kustom Entertainment"), a premier live event marketing and concert production company and current subsidiary of Digital Ally Inc. ("Digital Ally"), proudly unveils Kustom Tickets, an advanced online ticketing platform designed to offer users a seamless and enjoyable ticket-buying experienc ...

Large Order was Purchased as part of the Company's Subscription Purchasing Program and Puts its Video Solutions in Near-Airport Locations Across the Country Lenexa, KS, March 07, 2024 (GLOBE NEWSWIRE) -- 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 order for 405 EVO Fleets by The Parking Spot, ...

Growing entertainment company adds historic and impactful festival, as it gains momentum leading into 2024 festival season KANSAS CITY, March 05, 2024 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ:DGLY) – Kustom Entertainment, Inc. ("Kustom Entertainment"), a premier live event marketing and concert production company and current subsidiary of Digital Ally Inc. ("Digital Ally") (NASDAQ:DGLY), is thrilled to announce the recent acquisition of the renowned Country Stampede Music Festival. This strategic move ...

OVERLAND PARK, Kan., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Super Bowl LVIII is set with the San Francisco 49ers taking on the defending champion Kansas City Chiefs in Las Vegas, Nev., and ticket prices are starting at more than $7,000 according to TicketSmarter. The game will be played on Feb. 11 at Allegiant Stadium, home of the Las Vegas Raiders. The least expensive tickets are listed at $7,182 for two seats in the 300 level. For the 100 level, you can expect to pay nearly double with tickets in most sections ...

Order from Kansas State University placed through the Company's subscription payment plan as strong demand continues for FirstVu Pro body-worn cameras Lenexa, KS , Jan. 24, 2024 (GLOBE NEWSWIRE) -- 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 order for multiple FirstVu Pro body-worn cameras, E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________. Commission File Number: 001-33899 Digital Ally, Inc. (Exact name of registrant as specified in its charter) Nevada 20-0064269 (State or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________. Commission File Number: 001-33899 Digital Ally, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - The company reported an operating loss of $6.2 million for Q1 2023, which is an improvement compared to 2022 [5] - Total revenue for Q1 2023 was $7.7 million, down from the previous year but still relatively high compared to two years ago [61] - Deferred revenue increased from $5 million in Q1 2022 to $9 million in Q1 2023, indicating growth in subscriptions [6] Business Line Data and Key Metrics Changes - The Video Solutions division generated approximately $1.9 million in revenue, while Medical Billing revenue cycle management brought in $1.8 million, and the Entertainment segment contributed $4 million [63] - The majority of recurring revenue (over 95%) comes from the law enforcement side, with the commercial side starting to gain traction [12][13] Market Data and Key Metrics Changes - The company has established a strong foothold in the law enforcement market and is now expanding into the commercial sector with the new EVO system [10] - The recent Kustom 440 concert sold nearly 7,500 tickets, exceeding expectations and indicating strong market interest [9] Company Strategy and Development Direction - The company is considering a potential spinout of its Entertainment division to enhance clarity and valuation [3][8] - The long-term strategy includes rolling up smaller entities in a fragmented market to improve profitability and efficiency [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in the Video Solutions division and the success of recent events [10][9] - The company aims to address the disparity between its stockholder equity of $30 million and a market cap of $10 million, which is viewed as unacceptable [36][55] Other Important Information - The company completed a reverse stock split of 20-for-1 on February 6, 2023, to improve its stock price [62] - The company is actively pursuing additional concerts and events to drive revenue growth in the Entertainment segment [96] Q&A Session Summary Question: What is the timeline for the spin-off of TicketSmarter? - Management indicated that the timeline is dependent on SEC reviews and the completion of necessary audits, with hopes for a quick resolution [54][72] Question: How does the company plan to break out profitability between Kustom 440 and TicketSmarter? - Management confirmed that they plan to separate the financials of Kustom 440 and TicketSmarter in future filings, especially after the spin-off [27][28] Question: What is the strategy for acquiring new companies in the medical billing sector? - The focus is on acquiring companies with growth potential and positive earnings, integrating them into existing systems to improve margins [32][101]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023. Commission File Number: 001-33899 Digital Ally, Inc. (Exact name of registrant as specified in its charter) Nevada 20-0064269 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 14001 Marshall Drive, Lenexa, KS 66215 (Address of principal execut ...

Financial Data and Key Metrics Changes - The company reported a revenue of $8.3 million for the Video Solutions segment, down approximately 9% year-over-year, attributed to the subscription model and larger sales in 2021 compared to 2022 [6] - The Revenue Cycle Management segment saw a significant increase of 393%, reaching nearly $8 million, primarily due to a full year of operations from acquisitions made in early 2022 [7] - The entertainment segment generated $20.9 million in revenue, a 95% increase from 2021, benefiting from a full year of operations for TicketSmarter [21] - The company reported $3.5 million in cash and $11.4 million in positive working capital, with minimal interest-bearing debt obligations of $900,000 [9] Business Line Data and Key Metrics Changes - Video Solutions segment had a deferred revenue increase from $4.3 million at the end of 2021 to $8 million at the end of 2022 [6] - Revenue Cycle Management achieved a gross margin of $3.3 million, indicating strong profitability [22] - The entertainment division had a gross profit of approximately $300,000, with efforts underway to enhance profitability [22] Market Data and Key Metrics Changes - The ticketing platform, TicketSmarter, generated approximately $21 million in revenue, with potential for growth as the company plans to conduct more live events [11][29] - The company anticipates a strong performance in the entertainment sector, with Live Nation predicting record years, indicating a positive market environment [29][44] Company Strategy and Development Direction - The company is considering a spin-off of the entertainment side of the business, allowing Medical Billing and Video Solutions to remain under Digital Ally [3] - The focus is on maximizing profitability and operational synergies from recent acquisitions, with no new acquisitions since February 2022 [8][19] - The company aims to enhance its ticketing and entertainment division, leveraging existing relationships with municipalities and law enforcement agencies to drive growth [34][55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the potential for growth in the entertainment sector and the positive reception of new products in the law enforcement market [13][39] - The anticipated spin-off is expected to clarify the company's structure and enhance shareholder value [43][48] - The company is on track to complete necessary audits for the spin-off by mid-2023, with a potential separation date around July 1 [28] Other Important Information - The company regained NASDAQ compliance on February 6, 2023, and extinguished most of its outstanding warrants, resulting in a $3.6 million gain [18][19] - The Video Solutions segment faced challenges with a negative gross margin of $1.25 million due to inventory reserves related to PPE products [41] Q&A Session Summary Question: Potential of the entertainment ticketing side of the business - Management highlighted the unique opportunities in the entertainment division, leveraging relationships with municipalities and the ability to host events in various venues [31][34] Question: Future concert events and revenue generation - Management expressed excitement about upcoming concerts and the potential to generate significant additional revenue through ticket sales and production [35][55]