The earnings call reflected a challenging quarter financially, with significant losses and asset value decreases. However, there were positive notes in deferred revenue growth, upcoming dividends, and successful events in the entertainment segment.
Company Guidance
During the Digital Ally Q2 2024 earnings call, the executives provided guidance on several key financial metrics. As of June 30, 2024, the company reported current assets of $14.2 million, a decrease of $1.3 million from the year-end, and total assets of $43.3 million, down from $47 million on December 31. Total current liabilities increased to $27.6 million, with a significant portion attributed to warrant derivative liabilities. The company's total liabilities stood at $40.3 million, while contract liabilities were $3.1 million as current and $7 million long-term. Stockholders' equity was slightly over $3 million at the end of the quarter. The quarter's total revenue reached $5.6 million, with a gross profit of $242,000, leading to an operating loss of $3.9 million and a net loss of $5 million, or $1.74 per share. The company had 3.5 million shares outstanding at quarter-end. Notably, deferred revenue grew to over $10.5 million, reflecting the success of their subscription model strategy. Additionally, the company discussed the impending merger of Kustom Entertainment with Clover Leaf Group, which is expected to deliver significant value to shareholders.
Deferred Revenue Growth
Deferred revenue continues to grow, reaching over $10.5 million, reflecting successful execution of the subscription model strategy.
Upcoming Stock Dividends
Digital Ally shareholders will receive approximately 2.3 million shares of Clover Leaf Capital, potentially valued at $7.70 per share post-merger.
Successful Festival Events
Kustom Entertainment successfully hosted the Country Stampede festival, indicating strong performance in the entertainment segment.
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Digital Ally (DGLY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DGLY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 13, 2024
$0.75
$0.72
-4.00%
Aug 16, 2024
$1.47
$1.09
-25.85%
May 21, 2024
$2.98
$3.06
+2.68%
Apr 02, 2024
$2.49
$2.35
-5.62%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Digital Ally (DGLY) report earnings?
Digital Ally (DGLY) is schdueled to report earning on Apr 07, 2025, TBA Not Confirmed.
What is Digital Ally (DGLY) earnings time?
Digital Ally (DGLY) earnings time is at Apr 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.