Digital Ally, Inc. ($DGLY) 2Q20 Earnings Sneak Preview

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Digital Ally, Inc. (NASDAQ:DGLY) is reporting second quarter financial results on Thursday 13th August 2020, after market close.

Previous Quarter Performance

Digital Ally, Inc. recorded loss for the first quarter of $ 0.17 per share, from the revenue of $ 2.43 million. The quarterly revenues compared with the same quarter last year. Street analysts expected $ 2.92 million. The bottom line results street analysts by $ 0.08 or , at the same time, top line results fell short of analysts by $ 0.49 million or 16.78 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of DGLY was $ 2.97, representing a 364.06 % increase from the 52 week low of $ 0.64 and a 58.17 % decrease over the 52 week high of $ 7.10.

The company has a market capital of $ 78.95 million and is part of the Industrials sector and Security & Protection Services industry.

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Recent Analyst recommendations

  • On 29th June 2020, initiated by Aegis at Buy rating, with $ 5.00 target price.
Conference Call

Digital Ally, Inc. will be hosting a conference call at 7:00 PM eastern time on 13th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.digitalallyinc.com

Digital Ally, Inc. produces and sells digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally. Its digital audio/video recording, storage, and other products include an in-car digital audio/video recorder that is contained in a rear view mirror for law enforcement vehicles and commercial fleets; and hands-free automatic activated body-worn cameras and in-car video systems, as well as provides its law enforcement customers with audio/video surveillance from multiple vantage points.