DGLY Earnings Prediction
The chart below shows how DGLY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DGLY sees a -8.57% change in stock price 10 days leading up to the earnings, and a -9.59% change 10 days following the report. On the earnings day itself, the stock moves by -6.84%. This data can give you a slight idea of what to expect for the next quarter's release.
DGLY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.62M
-32.17%
1.57%
Gross Margin
4.32%
-86.93%
-84.33%
Operating Margin
-69.69%
16.79%
5.90%
Net Margin
-89.22%
-11.22%
25.10%
EPS
-1.74
-42.19%
27.01%
No Data Available
DGLY Earnings Analysis
Digital Ally, Inc. Common Stock Corporation (DGLY.O) Earnings Conference Call
Positive
Q2 2024 Revenue Performance: Total revenue for Q2 2024 was $5.6 million, indicating a strong performance in the quarter.
Deferred Revenue Increase: Deferred revenue grew to over $10.5 million, reflecting the success of the subscription model and future revenue recognition.
Merger Share Distribution: Digital Ally shareholders will receive approximately 2.3 million shares of Clover Leaf Capital, valued at around $7.70 per share, as part of the merger.
Post-Merger Shareholding Value: Digital Ally will hold nearly 7.6 million shares of Clover Leaf Capital post-merger, representing significant potential value for the company.
Strategic Acquisition for Growth: The successful acquisition of the Country Stampede festival positions Digital Ally for future growth and expansion in the entertainment sector.
Negative
Current Assets Decline: Current assets decreased by $1.3 million from year-end, totaling $14.2 million as of June 30, 2024.
Asset Decline: Total assets fell to $43.3 million from $47 million at the end of the previous year.
Quarterly Operating Loss: Operating loss for the quarter was $3.9 million, contributing to a net loss of $5 million and a net loss per share of $1.74.
Liabilities Increase Analysis: Total liabilities increased to $40.3 million, with current liabilities rising to $27.6 million, including nearly $4 million in warrant derivative liabilities.
Shareholder Value Decline: Total stockholders' equity at the end of Q2 was just over $3 million, indicating a significant decline in shareholder value.
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DGLY Earning Call Sentiment
Digital Ally, Inc. (DGLY) Q2 2024 Earnings Call Transcript
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DGLY.O
6.65%Positive
The merger with Clover Leaf Group and the planned dividends are positive, but the financial performance shows a net loss of $5 million and increased liabilities, indicating financial instability. The Q&A section revealed unclear management responses, especially regarding shares outstanding, causing concern. The overall uncertainty around the merger's approval and potential operational risks further contribute to a negative sentiment. Despite some positive aspects like deferred revenue growth, the financial health and lack of clarity in management's communication are likely to lead to a negative stock price reaction.