DGLY

[BigSully1]

Digital Ally Inc.
7311 West 130th Street
Suite 170
Overland Park, KS 66213
United States - Map
Phone: 913-814-7774
Fax: 913-814-7775
Web Site: http://www.digitalallyinc.com

DETAILS   
Index Membership: N/A
Sector: Technology
Industry: Scientific & Technical Instruments
Full Time Employees: 72


BUSINESS SUMMARY   
Digital Ally, Inc. engages in the design, development, manufacture, marketing, and sale of video surveillance products for law enforcement, homeland security, and commercial security applications. It primarily focuses on development of digital video imaging and storage products. The company's products include digital in-car video system and digital video flashlight. These products allow self-contained video and audio recording onto flash memory cards that are incorporated in the body of the flashlight. It also enables original equipment manufacturers in designing and manufacturing digital video subsystems to customer specifications. The company was founded in 2003 and is headquartered in Overland Park, Kansas.
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Digital Ally: Microcap with Explosive Appeal

http://seekingalpha.com/article/67578-digital-ally-microcap-with-explosive-appeal?source=yahoo
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8:33AM Digital Ally expects Q1 revenue to rise 150% yr/yr and 17% sequentially to $8.6 mln; no estimates (DGLY) 6.80 : Co says it sold a record number of DVM-500 In-Car Video Mirror systems to law enforcement agencies during Q1, and almost two-thirds of these sales represented reorders from existing customers. Co also expects to report record operating income for Q1 and co remains comfortable with our prior full yr guidance of $40 mln in revs for 2008.
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much more info on the DGLY.ob stock picking board. This is no longer a .ob stock though. Trades on Nasdaq now.

[BigSully1]

Digital Ally, Inc. Signs Statewide Contract With Utah General Services Department
Thursday April 17, 11:14 am ET 
West Virginia State Police Places Third Order for DVM-500 Systems


OVERLAND PARK, Kan., April 17 /PRNewswire-FirstCall/ -- Digital Ally, Inc. (Nasdaq: DGLY - News), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications, today announced that it has signed a statewide contract with the Utah General Services Department for its DVM-500 In-Car Video Rearview Mirror Systems.
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The contract will allow all state, county and municipal law enforcement agencies to purchase Digital Ally's DVM-500 systems under the same terms and prices. All law enforcement agencies in the State of Utah are currently being notified of this contract and the terms under which DVM-500s may be purchased.

The Company also announced that the West Virginia State Police, which placed an initial order for 124 DVM-500 systems in early 2007 and ordered an additional 50 systems in September 2007, placed a third order for an additional 100 systems during the first quarter of 2008. The agency has indicated that it plans to order another 200 systems later this year.

"The Utah agreement represents the sixth statewide contract that we have received for our DVM-500 In-Car Video Rearview Mirror systems," stated Stanton E. Ross, Chief Executive Officer of Digital Ally, Inc. "Meanwhile, the receipt of a third order from the West Virginia State Police clearly illustrates the manner in which law enforcement agencies have re-ordered additional units as budget considerations allow and as they have gained experience with the DVM-500 in the field."

[BigSully1]

update

[BigSully1]

First Quarter Net Income Rises 934% on 150% Sales Gain at Digital Ally, Inc.
Wednesday April 30, 8:30 am ET 
DILUTED E.P.S. OF $0.10 COMPARES WITH $0.01 IN FIRST QUARTER OF 2007


OVERLAND PARK, Kan., April 30 /PRNewswire-FirstCall/ -- Digital Ally, Inc. (Nasdaq: DGLY - News), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications, today reported record revenue and net income for the first quarter of 2008. An investor conference call is scheduled for 11:00 a.m. EDT today, April 30, 2008 (see details below).


For the three months ended March 31, 2008, revenue increased 150% to approximately $8.6 million when compared with revenue of approximately $3.4 million in the first quarter of 2007. Revenue during the first quarter of 2008 increased 22% when compared with approximately $7.0 million in the fourth quarter of 2007.

Gross profits improved 178% to $5,320,894 (61.9% of revenue) in the quarter ended March 31, 2008, compared with gross profits of $1,914,246 (55.7% of revenue) in the corresponding period of the previous year. Pretax income rose 1,456% to $2,522,787 in the most recent quarter, versus $162,150 in the prior-year quarter. After an income tax provision of $846,000, the Company recorded net income of $1,676,787 in the first quarter of 2008. This compared with no income tax provision and net income of $162,150 in the quarter ended March 31, 2007. Basic earnings per share increased 1,100% to $0.12 in the quarter ended March 31, 2008, compared with $0.01 per basic share in the prior-year period. Diluted earnings per share rose 900% to $0.10 in the quarter ended March 31, 2008, versus $0.01 in the first quarter of 2007.

Adjusted EBITDA (net income before interest, income taxes, depreciation, amortization, and stock-based compensation), a non-GAAP financial measure, increased 272% to $2,751,566 in the most recent quarter when compared with $739,803 in the quarter ended March 31, 2007. (Adjusted EBITDA is described in greater detail in a table at the end of this news release).

"We have achieved revenue growth in every sequential quarter since we began delivering our advanced digital video surveillance products to law enforcement agencies in March 2006, and I am very pleased to report our eighth consecutive quarter of record sales during the first quarter of 2008," stated Stanton E. Ross, Chief Executive Officer of the Company. "We continue to see follow-on orders with larger quantities from many existing customers, while converting a high percentage of opportunities with new customers to our product. Our DVM-500 In-Car Video Rearview Mirror System has achieved increasing acceptance among law enforcement agencies throughout the United States and within a growing number of foreign countries."

"Our gross profit margins improved to 61.9% of revenues in the most recent quarter, versus 55.7% a year earlier and 57.8% in the fourth quarter of 2007, reflecting higher productivity and efficiencies as we have significantly increased production rates and improved costs related to our supply chain. Operating income of approximately $2.5 million in the first quarter of 2008 was equivalent to 87% of the Company's operating income for the full year ended December 31, 2007. Even though we provided for income taxes at a 33.5% rate in the quarter ended March 31, 2008, our after-tax earnings increased 934%, when compared with the prior-year period, when no income tax provision was necessary."

"We have continued to pursue an aggressive research and development program targeting new market opportunities, with our R&D expenses increasing 250% to $432,033 in the first quarter of 2008, compared with $123,532 in the year-earlier quarter," continued Ross. "We are developing new products and line extensions for our current products, some of which we expect to bring to market during 2008. R&D projects on several new products designed for the school bus, mass transit, taxi cab and other markets, along with upgrades to our existing products, are currently underway."

"Other notable accomplishments during the first quarter of 2008 included the listing of our common stock on The Nasdaq Capital Market and an increase in the size of our production/assembly facility in order to accommodate anticipated revenue growth during 2008. We ended the quarter with approximately $4.9 million of cash and equivalents in the bank, a current ratio of 5.9-to-1.0, no long- or short-term bank debt outstanding and stockholders' equity of $12.0 million, and we are well-positioned to fund our operating requirements for the balance of the year. Based upon our performance during the first quarter and other information currently available, we reaffirm our previous guidance that revenue for the year ending December 31, 2008 should more than double, to approximately $40 million, compared with $19.4 million during 2007."

[la-onda]

Aussie, is this a STEPS chart?
cheers
Oliver

Digital Ally shares rise after Arkansas renews contract
Monday , May 12, 2008 12:06ET

NEW YORK, May 13, 2008 (Thomson Financial via COMTEX) -- Shares of Digital Ally Inc. rose Monday after the company said it has renewed its contract with the state of Arkansas for another year, through June 5, 2009.

Financial terms weren't disclosed.

Digital Ally's stock rose 9.2% to a new 52-week high of $10.11.

The company, which makes video surveillance products for law enforcement, homeland security and commercial security applications, also said it has received its fourth order from the Arkansas State Police for an additional 45 DMV-500 in-car digital rearview mirror systems. With the latest order, the law enforcement agency has purchased 139 DMV-500 systems.

[la-onda]

Source Capital Group, Inc. Announces Investment Opinion: Source Capital Initiates Coverage on Digital Ally, Inc. Buy Recommendation
Tuesday , May 13, 2008 08:00ET

SCOTTSDALE, Ariz., May 13, 2008 (BUSINESS WIRE) -- Source Capital Group, Inc. ("Source Capital") announced today that it has initiated research coverage on Digital Ally, Inc. ("Digital Ally" or the "Company") (Nasdaq:DGLY) with a BUY recommendation and a 12-month price target of $18.00 per share. Digital Ally produces and sells digital video imaging and storage products for use in law enforcement and security applications. For the quarter ended March 31, 2008, the Company reported revenue of approximately $8.6 million, an increase of 150% from the same quarter last year and up 22% sequentially from Q407. In addition to its products for the law enforcement market, the Company just introduced the DVM-250, a lower priced event recorder aimed at the broader transportation market.

"We believe that Digital Ally has taken the lead in conversion of law enforcement in-car video recorders from old technology VHS to a digital format that provides ease-of-use and lower cost installation," stated Joe Blankenship, Vice President Research at Source Capital in Scottsdale, AZ. "Providing a self contained video and audio recording onto flash storage, conveniently mounted into the rear view mirror, along with wireless download, Digital Ally has made installation and operation of its DVM-500 product a natural replacement for bulky, hard to handle tape video recorders," continued Mr. Blankenship.

"Digital Ally has achieved less than 10% penetration of the U.S. law enforcement agencies with its products, providing a substantial revenue opportunity ahead. The Company's new event recorder for general transportation applications opens up a market that is several times the unit size of law enforcement. Taxi cabs, school buses, delivery vehicles, mass transit, and other types of vehicles are just beginning to use event recorders for liability purposes in the event of an accident," stated Mr. Blankenship.

Our twelve-month price target for Digital Ally, Inc. common stock is $18.00 per share.

[la-onda]

new 52 weeks high 

DGLY: Volume Spike; 10% > 20-adsv, Stock +9.15%
Wednesday, May 14, 2008 11:30ET

This is the 2nd VOLUME alert for DGLY in the past 7 calendar days.

Trading for Digital Ally Inc (NASDAQ SC: DGLY) has been heavier than usual in today's session. By 11:30 ET, the stock had already traded 368,103 shares via 1,316 trades. The cumulative volume is 10.02% above its 20-day average of 334,592. Normally the stock experiences around 791 individual trades per session.

So far, today's volume surge has caused a net rise in DGLY's stock price. At the time of this alert, the stock was trading at $10.620, up $0.890 (+9.15%).

One year ago, the Company's shares closed at $2.500. The price has gained more than 324 percent since then.

Over the last 10 trading session DGLY has traded in a range between $8.510 and $10.250 and is currently trading 3.61% above its 52-week high of $10.250 set on May 12,2008 and 444.62% above its 52-week low of $1.950 from July 13,2007.

In the previous 3 sessions, DGLY trading has displayed a positive trend. Closing results have been as follows:

May 13, 2008 --- closed at $9.730 up $0.210 (+2.21%) on 182,700 shares
May 12, 2008 --- closed at $9.520 up $0.258 (+2.79%) on 840,600 shares
May 09, 2008 --- closed at $9.262 up $0.232 (+2.57%) on 86,960 shares

The Company last released news on May 13, 2008 (yesterday):

"Source Capital Group, Inc. Announces Investment Opinion: Source Capital Initiates Coverage on Digital Ally, Inc. Buy Recommendation" please read the attached report!

[Houlahan]

Congrats to BigSully1..he found this baby in the cradle as a BB stock. Thx la-onda for helping to follow and post news. It is a moving escalator and I do not know when to step on.  In the meantime Bigsully gets richer and richer. lol

[la-onda]

consolidation before the next run is starting.... 

[la-onda]

DGLY: Volume Spike; 87% > 20-adsv, Stock -3.57%
Monday , May 19, 2008 16:50ET

This is the 3rd VOLUME alert for DGLY in the past 7 calendar days.

Trading for Digital Ally Inc (NASDAQ SC: DGLY) has been heavier than usual in today's session. By 16:50 ET, the stock had already traded 592,335 shares via 1,590 trades. The cumulative volume is 87.25% above its 20-day average of 316,342. Normally the stock experiences around 824 individual trades per session.

So far, today's volume surge has caused a net decline in DGLY's stock price. At the time of this alert, the stock was trading at $10.260, down $-0.380 (-3.57%).

One year ago, the Company's shares closed at $2.400. The price has gained more than 327 percent since then.

Over the last 10 trading session DGLY has traded in a range between $8.750 and $11.410 and is currently trading 10.08% below its 52-week high of $11.410 set on May 15,2008 and 426.15% above its 52-week low of $1.950 from July 13,2007.

In the previous 3 sessions, DGLY trading has displayed a mixed trend. Closing results have been as follows:

May 16, 2008 --- closed at $10.640 down $0.180 (-1.66%) on 241,700 shares
May 15, 2008 --- closed at $10.820 down $0.240 (-2.17%) on 344,700 shares
May 14, 2008 --- closed at $11.060 up $1.330 (+13.67%) on 731,400 shares

imho this is part of consolidation phase 

[la-onda]

disappointing price action after some insider selling, EMA 50 support is still holding, nice buying opportunity imho

Investor video on homepage: http://www.digitalallyinc.com/ (22MB)

have a nice weekend

[la-onda]

DGLY: Short Interest UP 158.9% to 90.1K in Mid May 2008
Tuesday , May 27, 2008 16:17ET

According to new short interest data from NASDAQ, short interest for Digital Ally Inc (NasdaqSC: DGLY) INCREASED 158.9% to 90,073 shares as reported in mid-May, 2008.
Based on DGLY's 20-day average daily share volume of 372,528, it would require approximately 1 day(s) of buying to cover this short interest.

[la-onda]

BigSully, are you invested?


Digital Ally receives international order for approximately 1,000 DVM-500 in-car digital video rearview mirror systems; reiterates $40 mln rev guidance for 2008 (DGLY)
8.83 : Co announces that it has received a fourth order from an international law enforcement agency. The order for approximately 1,000 DVM-500 In-Car Digital Video Rearview Mirror Systems is expected to ship in the second quarter of 2008. The co also reiterated its previous guidance that its revenue for the year ending Dec 31, 2008 is expected to increase more than 100% to approximately $40 mln.

[BigSully1]

I took some off the table last week, but yes I'm still invested, it's just not so much where I am watching real closely anymore.

[la-onda]

Nice facts summarization:
http://dgly.realpennies.com/

with the new order published a few das ago, Q2 will be significantly higher

Long term hold for 2008