[ad_1]
- Digital Ally, Inc DGLY reported FY22 income development of 73% year-on-year to $37.0 million.
- Service income grew by 113% Y/Y to $26 million. Product income grew by 19% Y/Y to $11 million.
- The service income drove the expansion on account of greater service revenues by acquisitions and the corporate’s video options phase.
- Additionally Learn: Why Digital Ally Shares Are Gaining Right this moment
- Gross revenue decreased 59% Y/Y to $2.3 million as prices jumped 120.2% Y/Y. The margin declined to six.3%, down from 26.4%.
- Digital Ally clocked an working lack of $(29.7) million versus $(14.8) million a 12 months in the past.
- EPS loss was ($8.50) versus an EPS of $10.14 a 12 months in the past.
- Digital Ally held $3.5 million in money and equivalents.
- Value Motion: DGLY shares traded decrease by 11.04% at $4.11 on the final examine Monday.
© 2023 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
[ad_2]