Digital Ally, Inc. Announces 2016 Operating Results

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Go back to Digital Ally, Inc. Announces 2016 Operating Results

Digital Ally (DGLY) Misses Q4 EPS by 60c

March 27, 2017 5:46 PM EDT

Digital Ally (NASDAQ: DGLY) reported Q4 EPS of ($0.80), $0.60 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $3.45 million versus the consensus estimate of $5.9 million.

"We were disappointed to report revenues for the year ended 2016 that decreased 17% from the year prior, even though we saw an increase in our service-based revenues in 2016," stated Stanton E. Ross, Chief Executive Officer of Digital Ally Inc. "We are concentrating on expanding our recurring service-based revenue to help stabilize and grow our revenues on a quarterly basis. We are pursuing several new market... More