Digital Ally's gross profit for the
three
months ended in Dec. 2023 was $0.26 Mil. Digital Ally's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $5.76 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Digital Ally's gross profit for the
three
months ended in Dec. 2023 was $0.26 Mil. Digital Ally's Revenue for the
three
months ended in Dec. 2023 was $5.93 Mil. Therefore, Digital Ally's Gross Margin % for the quarter that ended in Dec. 2023 was 4.30%.
Digital Ally had a gross margin of 4.30% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Digital Ally was 56.88%. The lowest was 6.27%. And the median was 31.58%.
Warning Sign:
Digital Ally Inc gross margin has been in long-term decline. The average rate of decline per year is -20.2%.
Digital Ally Gross Profit Historical Data
The historical data trend for Digital Ally's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Digital Ally's Gross Profit
For the Internet Content & Information subindustry, Digital Ally's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Digital Ally's Gross Profit Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Digital Ally's Gross Profit distribution charts can be found below:
* The bar in red indicates where Digital Ally's Gross Profit falls into.
Digital Ally Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Digital Ally's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.76 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Digital Ally's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Digital Ally (NAS:DGLY) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Digital Ally had a gross margin of 4.30% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Digital Ally Gross Profit Related Terms
Thank you for viewing the detailed overview of Digital Ally's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Digital Ally Inc produces digital video imaging and storage products for use in law enforcement, security, and commercial applications. Its products are an in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets. It can integrate electronic, radio, computer and multi-media technologies to create solutions to address needs in a variety of other industries and markets, including mass transit, school bus, taxicab and military. The company sells its products to law enforcement agencies and other security organizations and consumer and commercial fleet operators through direct sales domestically and third-party distributors internationally. It has three segments: Video Solutions Segment, Revenue Cycle Management and Ticketing Segment.
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