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Digital Ally | 10-Q: Q3 2024 Earnings Report

Digital Ally | 10-Q: Q3 2024 Earnings Report

Digital Ally | 10-Q:2024財年三季報
美股SEC公告 ·  2024/12/31 01:30

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Digital Ally reported Q3 2024 revenue of $4.1M, down 36% from $6.3M in Q3 2023, with gross profit improving to $1.7M from $1.2M. The company recorded a $4.8M non-cash goodwill and intangible asset impairment charge related to its revenue cycle management and entertainment segments, leading to an operating loss of $7.4M.The video solutions segment generated $1.2M revenue while revenue cycle management contributed $1.6M and entertainment segment added $1.3M. Operating expenses decreased as the company implemented cost-cutting measures, including reductions in research & development, selling and administrative expenses. The company ended the quarter with $415K in cash.Management completed several financing transactions during the quarter, including selling its headquarters building for $5.9M and raising $2.9M through a private placement. The company faces ongoing liquidity challenges and substantial doubt about its ability to continue as a going concern, prompting plans to pursue additional capital raises and potential sale of its video solutions business.
Digital Ally reported Q3 2024 revenue of $4.1M, down 36% from $6.3M in Q3 2023, with gross profit improving to $1.7M from $1.2M. The company recorded a $4.8M non-cash goodwill and intangible asset impairment charge related to its revenue cycle management and entertainment segments, leading to an operating loss of $7.4M.The video solutions segment generated $1.2M revenue while revenue cycle management contributed $1.6M and entertainment segment added $1.3M. Operating expenses decreased as the company implemented cost-cutting measures, including reductions in research & development, selling and administrative expenses. The company ended the quarter with $415K in cash.Management completed several financing transactions during the quarter, including selling its headquarters building for $5.9M and raising $2.9M through a private placement. The company faces ongoing liquidity challenges and substantial doubt about its ability to continue as a going concern, prompting plans to pursue additional capital raises and potential sale of its video solutions business.
Digital Ally報告2024年第三季度營業收入爲410萬美元,比2023年第三季度的630萬美元下降了36%,毛利潤從120萬美元上升至170萬美元。公司記錄了與其收入週期管理和娛樂部門相關的480萬美元非現金商譽和無形資產減值費用,導致營業虧損達到740萬美元。視頻解決方案部門產生了120萬美元的營業收入,而收入週期管理貢獻了160萬美元,娛樂部門增添了130萬美元。由於公司實施了削減成本的措施,營業費用減少,包括研發、銷售和管理費用的降低。公司結束本季度時現金爲41.5萬美元。管理層在本季度完成了幾筆融資交易,包括以590萬美元出售其總部大樓,並通過定向增發籌集了290萬美元。公司面臨持續的流動性挑戰,並對其作爲持續經營主體的能力存在重大懷疑,因此計劃尋求額外的融資和潛在出售其視頻解決方案業務。
Digital Ally報告2024年第三季度營業收入爲410萬美元,比2023年第三季度的630萬美元下降了36%,毛利潤從120萬美元上升至170萬美元。公司記錄了與其收入週期管理和娛樂部門相關的480萬美元非現金商譽和無形資產減值費用,導致營業虧損達到740萬美元。視頻解決方案部門產生了120萬美元的營業收入,而收入週期管理貢獻了160萬美元,娛樂部門增添了130萬美元。由於公司實施了削減成本的措施,營業費用減少,包括研發、銷售和管理費用的降低。公司結束本季度時現金爲41.5萬美元。管理層在本季度完成了幾筆融資交易,包括以590萬美元出售其總部大樓,並通過定向增發籌集了290萬美元。公司面臨持續的流動性挑戰,並對其作爲持續經營主體的能力存在重大懷疑,因此計劃尋求額外的融資和潛在出售其視頻解決方案業務。
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