Digital Ally, Inc. (NASDAQ:DGLY) is reporting third quarter financial results on Thursday 12th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, DGLY is expected to report 3Q20 loss of $ 0.1 per share from revenue of $ 2.19 million.
For the full year, analysts anticipate top line of $ 9.21 million, while looking forward to loss of $ 0.36 per share bottom line.
Previous Quarter Performance
Digital Ally, Inc. announced loss for the second quarter of $ 0.03 per share, from the revenue of $ 1.73 million. The quarterly revenues dropped 40.75 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.10 per share from $ 2.19 million in revenue. The bottom line results beat street analysts by $ 0.07 or 70.00 percent, at the same time, top line results fell short of analysts by $ 0.46 million or 21 percent.
Stock Performance
Shares of Digital Ally, Inc. traded low $ -0.02 or -0.83 percent on Wednesday, reaching $ 2.40 with volume of 1.44 million shares. Digital Ally, Inc. has traded high as $ 2.49 and has cracked $ 2.36 on the downward trend
The closing price of $ 2.40, representing a 278.13 % increase from the 52 week low of $ 0.64 and a 65.92 % decrease over the 52 week high of $ 7.10.
The company has a market capital of $ 63.80 million and is part of the Industrials sector and Security & Protection Services industry.
Conference Call
Digital Ally, Inc. will be hosting a conference call at 11:15 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, (844) 761-0863 U.S., with passcode : 5148159 in order to access the live audio call. 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.
