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Digital Ally | 8-K: DIGITAL ALLY, INC ANNOUNCES SECOND QUARTER 2024 OPERATING RESULTS

Digital Ally | 8-K: DIGITAL ALLY, INC ANNOUNCES SECOND QUARTER 2024 OPERATING RESULTS

Digital Ally | 8-K:數字盟友公司公佈2024年第二季度經營業績
美股SEC公告 ·  2024/08/17 05:23

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Digital Ally reported Q2 2024 results with total revenues of $5.62M, down 32% YoY. Gross profit fell 91% to $242,392, while net loss narrowed to $5.08M from $8.39M last year. The company reduced operating expenses by 46% to $4.16M.The entertainment segment saw a 47% revenue decline to $2.47M as management focused on profitability. The video solutions and revenue cycle management segments also experienced slight decreases. Digital Ally highlighted progress on spinning off Kustom Entertainment, with Clover Leaf Capital's S-4 registration statement declared effective.CEO Stanton Ross expressed optimism about new video products gaining traction and the growing deferred revenue balance of $10.1M. He noted excitement around the Kustom Entertainment spin-off and recent developments like the Country Stampede acquisition and KustomTickets.com launch.
Digital Ally reported Q2 2024 results with total revenues of $5.62M, down 32% YoY. Gross profit fell 91% to $242,392, while net loss narrowed to $5.08M from $8.39M last year. The company reduced operating expenses by 46% to $4.16M.The entertainment segment saw a 47% revenue decline to $2.47M as management focused on profitability. The video solutions and revenue cycle management segments also experienced slight decreases. Digital Ally highlighted progress on spinning off Kustom Entertainment, with Clover Leaf Capital's S-4 registration statement declared effective.CEO Stanton Ross expressed optimism about new video products gaining traction and the growing deferred revenue balance of $10.1M. He noted excitement around the Kustom Entertainment spin-off and recent developments like the Country Stampede acquisition and KustomTickets.com launch.
Digital Ally報告了2024年第二季度的業績,總營業收入爲562萬美元,同比下降32%。毛利潤下降91%,至242,392美元,淨損失從去年的839萬美元縮小至508萬美元。公司將營業費用減少了46%,降至416萬美元。娛樂部門的營業收入下降了47%,降至247萬美元,因爲管理層專注於盈利能力。視頻解決方案和收入週期管理部門也經歷了輕微下降。Digital Ally強調了分拆Kustom Entertainment的進展,Clover Leaf Capital的S-4註冊聲明已被宣佈生效。首席執行官Stanton Ross對新視頻產品獲得關注和1010萬美元的遞延收入餘額表示樂觀。他提到對Kustom Entertainment分拆和最近的發展感到興奮,如Country Stampede的收購和KustomTickets.com的推出。
Digital Ally報告了2024年第二季度的業績,總營業收入爲562萬美元,同比下降32%。毛利潤下降91%,至242,392美元,淨損失從去年的839萬美元縮小至508萬美元。公司將營業費用減少了46%,降至416萬美元。娛樂部門的營業收入下降了47%,降至247萬美元,因爲管理層專注於盈利能力。視頻解決方案和收入週期管理部門也經歷了輕微下降。Digital Ally強調了分拆Kustom Entertainment的進展,Clover Leaf Capital的S-4註冊聲明已被宣佈生效。首席執行官Stanton Ross對新視頻產品獲得關注和1010萬美元的遞延收入餘額表示樂觀。他提到對Kustom Entertainment分拆和最近的發展感到興奮,如Country Stampede的收購和KustomTickets.com的推出。
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