DGLY NEWS: Digital Ally Second Quarter Revenue to Approximate $7 Million
Digital Ally Second Quarter Revenue to Approximate $7 Million
OVERLAND PARK, Kan., July 7 /PRNewswire-FirstCall/ -- Digital Ally, Inc. (Nasdaq: DGLY), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications, today announced that it expects to report revenues of approximately $7 million for the quarter ended June 30, 2009.
'Shipments of our new DVM-750 advanced in-car video system were responsible for over 40% of our sales in the most recent quarter,' stated Stanton E. Ross, Chief Executive Officer of Digital Ally, Inc. 'The advanced features available on the DVM-750 have allowed us to pursue market opportunities, particularly among larger metropolitan police departments, that were previously unavailable to us. We also shipped most of the DVM-500 units that we had in inventory during the quarter, along with a record number of DVM-500 Plus systems. Sales during the three months ended June 30, 2009 included more than 1,000 of the DVM-500 series (DVM-500 and DVM-500 Plus), over 700 DVM-750 systems, and almost 100 Digital Video Flashlight (DVF-500) units.'
'Our second quarter sales of approximately $7 million represent an improvement of almost 60% when compared with first quarter sales of approximately $4.4 million,' continued Ross. 'Furthermore, we ended the most recent quarter with an order backlog totaling more than $800,000. Excluding potential one-time charges related to employee severance and related costs, we believe the Company should return to profitability in the April-June quarter, as anticipated. We have been very pleased with customer response to the DVM-750 and expect this series of in-car video systems to generate an even higher portion of our total sales in the second half of 2009.' |
