Digital Ally Inc. - DGLY Message Board

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Technology Stocks : Digital Ally Inc. - DGLY

DGLY 1.610

-1.8%

Nov 7 9:30 AM EST

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From: David Alan Cook	10/2/2008 7:43:01 AM
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This recent international contract award for over 900 DVM-500s is significant for several reasons: 1. Impact to revenue and earnings in the just completed 3rd Qtr (over 900 DVM-500s at an average price with add on(s) of approx $4,000 per unit = Approx $3.6M) 2. Coupled with recent order in same qtr from West Virgina for 229 at at average price with add on(s) of approx $4,000 per unit = Over $900,000 Total combined from these two orders only is over 50% of prior qtr revenue. 3. As noted in the press release, initial orders are often followed up with even larger additional buys. Comments such as "In addition, we have received orders totaling approximately 700 units for DVM-500 systems that will be shipped to other new international customers before the end of our third quarter" are significant. Emphasis on - OTHER NEW INTERNATIONAL CUSTOMERS placed initial orders 4. Finally, the company not only reiterated that they will meet original guidance of over 100% revenue growth this year from $19M to at least $40M BUT . . . "We continue to expand our customer base both domestically and within a number of foreign countries. The percentage of contracts that we bid on which are eventually awarded to Digital Ally continues at a high level." This is important given the number (at least 12) or 300 to 500 units orders that will be awarded by the end of the year that the company has responded to request for proposals for AND the company's pursuit of large 1,000 to 4,000 international contracts which we are just seeing signs that they are being successful in winning these competitions. Going Higher IMO . . . just a matter of time before someone or some institutions / hedge fund start aggressively buying. . . Institution ownership increasing to 13%, company buying back $10M in stock, 9 consecutive record revenue qtrs . . .new products being launched. . .etc

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