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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 revenues of $5.6M, down 32% from $8.3M in Q2 2023, primarily due to a 47% decline in entertainment segment revenue. Overall gross profit decreased 91% to $242,392, while operating losses improved 21% to $3.9M compared to Q4.9M last year.The company's entertainment segment revenue fell to $2.5M from $4.7M, while revenue cycle management declined 9% to $1.6M. Selling, general and administrative expenses decreased 46% to $4.2M, mainly due to reduced sponsorship investments. The company maintained a healthy deferred revenue balance of $10.1M as of June 30, 2024.Notable developments include the planned business combination between Kustom Entertainment and Clover Leaf Capital Corp, and the sale of Digital Ally's office building in Lenexa, Kansas. The company continues to focus on improving margins and profitability across all segments while advancing its video solutions product line with new releases and patent filings.
Digital Ally reported Q2 2024 revenues of $5.6M, down 32% from $8.3M in Q2 2023, primarily due to a 47% decline in entertainment segment revenue. Overall gross profit decreased 91% to $242,392, while operating losses improved 21% to $3.9M compared to Q4.9M last year.The company's entertainment segment revenue fell to $2.5M from $4.7M, while revenue cycle management declined 9% to $1.6M. Selling, general and administrative expenses decreased 46% to $4.2M, mainly due to reduced sponsorship investments. The company maintained a healthy deferred revenue balance of $10.1M as of June 30, 2024.Notable developments include the planned business combination between Kustom Entertainment and Clover Leaf Capital Corp, and the sale of Digital Ally's office building in Lenexa, Kansas. The company continues to focus on improving margins and profitability across all segments while advancing its video solutions product line with new releases and patent filings.
Digital Ally報告2024年第二季度營業收入爲560萬,較2023年第二季度的830萬下降32%,主要是由於娛樂板塊營業收入下降47%。整體毛利潤下降91%,至242,392美元,而經營虧損相比去年的490萬改善21%,降至390萬。公司的娛樂板塊營業收入從470萬降至250萬,而收入週期管理下降9%,至160萬。銷售、一般與行政費用減少46%,至420萬,主要是由於贊助投資減少。截至2024年6月30日,公司維持了健康的遞延收入餘額,爲1010萬。值得注意的發展包括Kustom Entertainment與Clover Leaf Capital CORP計劃的業務合併,以及Digital Ally在堪薩斯州列內克薩的辦公樓出售。公司繼續專注於提升所有板塊的毛利率和盈利能力,同時通過新產品發佈和專利申請推進其視頻解決方案產品線。
Digital Ally報告2024年第二季度營業收入爲560萬,較2023年第二季度的830萬下降32%,主要是由於娛樂板塊營業收入下降47%。整體毛利潤下降91%,至242,392美元,而經營虧損相比去年的490萬改善21%,降至390萬。公司的娛樂板塊營業收入從470萬降至250萬,而收入週期管理下降9%,至160萬。銷售、一般與行政費用減少46%,至420萬,主要是由於贊助投資減少。截至2024年6月30日,公司維持了健康的遞延收入餘額,爲1010萬。值得注意的發展包括Kustom Entertainment與Clover Leaf Capital CORP計劃的業務合併,以及Digital Ally在堪薩斯州列內克薩的辦公樓出售。公司繼續專注於提升所有板塊的毛利率和盈利能力,同時通過新產品發佈和專利申請推進其視頻解決方案產品線。
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