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Technology Stocks : Digital Ally Inc. - DGLY
DGLY 1.550-1.4%3:59 PM EST
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From: MikeS977072/14/2008 10:46:10 AM
   of 554
 
Yesterday I sold out of DGLY as I'm concerned about where the stock goes short term. I still like it for the long term and there is a good chance I will be in the stock again. My concern is that there hasn't been any new announcement of orders since the $5.1M order in late November. The company has indicated that the majority of the big order is to ship in the fourth quarter. On November 29th, they stated "While most of the units included in the order are currently scheduled for shipment to the customer in the current quarter, it is possible that some of the units may not ship until early in 2008." They also stated the following on December 6th: "Unit shipments commenced upon receipt of an initial installment payment in late November, and the entire order should be delivered to the customer during the fourth quarter of 2007 and the first quarter of 2008." I have no idea whether 51%, 60%, or 90% of that order shipped in Q4 but I would guess it is somewhere in the 60-80% range. We know that Q4 had at least $6.7M in revenue so that large order was a huge part of the revenue. If they don't get any new orders shortly I don't think that Q1 will be better than Q4. It could possibly be lower.

Having said that, flashlight sales are expected to increase in Q1 and they do have the new motorcycle product in Q1. Q2 has the bus and mass transit product. Furthermore, they could come out with a press release today with more sales. I'm not sure if I'm right or wrong but I decided yesterday that I didn't like the risk/reward ratio as it presently stood.

Mike
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