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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:数字盟友公司公布2024年第二季度经营业绩
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发布了2024年第二季度的财务结果,总营业收入为562万美元,同比下降32%。毛利润下降91%,至242,392美元,而净亏损从去年的839万美元缩小至508万美元。公司将营业费用降低了46%,至416万美元。娱乐板块的营业收入下降了47%,至247万美元,因为管理层专注于盈利能力。视频解决方案和收入周期管理板块也经历了轻微的下降。Digital Ally强调了分拆Kustom Entertainment的进展,Clover Leaf Capital的S-4注册声明已被宣布生效。首席执行官斯坦顿·罗斯对新视频产品获得市场认可以及增长的递延收入余额1,010万美元表示乐观。他提到,围绕Kustom Entertainment的分拆以及最近的发展,如Country Stampede收购和KustomTickets.com的推出,大家感到兴奋。
Digital Ally发布了2024年第二季度的财务结果,总营业收入为562万美元,同比下降32%。毛利润下降91%,至242,392美元,而净亏损从去年的839万美元缩小至508万美元。公司将营业费用降低了46%,至416万美元。娱乐板块的营业收入下降了47%,至247万美元,因为管理层专注于盈利能力。视频解决方案和收入周期管理板块也经历了轻微的下降。Digital Ally强调了分拆Kustom Entertainment的进展,Clover Leaf Capital的S-4注册声明已被宣布生效。首席执行官斯坦顿·罗斯对新视频产品获得市场认可以及增长的递延收入余额1,010万美元表示乐观。他提到,围绕Kustom Entertainment的分拆以及最近的发展,如Country Stampede收购和KustomTickets.com的推出,大家感到兴奋。
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