- Digital Ally (DGLY, Financial) reported Q1 2025 earnings of $1.41 per share, a stark contrast to a loss of ($27.48) per share in Q1 2024.
- Total revenue fell by 19% to $4.4 million, yet gross profit margin increased to 35.8%.
- A $14.3 million public equity offering improved liquidity, lifting stockholders' equity to $11.6 million.
Digital Ally, Inc. (DGLY) revealed significant financial improvements in the first quarter of 2025, achieving earnings of $1.41 per share, an impressive turnaround from a loss of ($27.48) per share in the same period last year. Despite a 19% decrease in total revenue to $4.4 million, the company reported a higher gross profit margin of 35.8%.
The company's operating loss reduced by 73.2% to $974,680, alongside non-operating gains amounting to $5.2 million, which contributed to a net income of $4.3 million. Digital Ally's financial position was further bolstered by a $14.3 million public equity offering, enhancing liquidity and surpassing Nasdaq's minimum equity requirement. As a result, working capital turned positive at $3.4 million, and stockholders' equity rose to $11.6 million.
Focusing on subscription-based video solutions and a restructured sales strategy for law enforcement products, Digital Ally aims to navigate the challenging market conditions. However, the company continues to work on meeting Nasdaq's minimum $1.00 bid price requirement, indicative of ongoing investor scrutiny despite these improvements.
