Digital Ally Reports $8M Turnaround, Plans May 28 Earnings Call

Digital Ally, Inc. is undergoing a significant financial turnaround, marked by improved profitability and cost management despite challenges like revenue decline and reverse stock splits. The company reported a net income of $4.2 million, a substantial turnaround from a previous loss, alongside a 5% increase in gross margin percentage and a 72% reduction in SG&A expenses. Its balance sheet strengthened with increased working capital and equity, and debt was reduced by over $5.1 million. Despite these gains, TipRanks’ AI Analyst rates Digital Ally as an Underperform due to ongoing financial and valuation challenges, although positive corporate events offer some optimism. Digital Ally operates in multiple sectors including video solution technology, healthcare revenue cycle management, ticket brokering, marketing, and event production, and is focused on growth and innovation. The company has scheduled an investor conference call on May 28, 2025, to discuss Q1 operating results and future plans, with a replay available until June 28, 2025.