Digital Ally Expects to Achieve Record Revenue and Operating Income in 2010
OVERLAND PARK, KS -- (Marketwire)
05/06/10
In a conference call with investors Thursday morning, May 6, 2010, Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications, provided revenue and operating results guidance for the year ending December 31, 2010.
"Based upon the consistency in demand for our DVM in-car digital video systems and the anticipated impact of new products upon sales, we are optimistic that our domestic revenue will improve significantly from last year's levels," noted Stanton E. Ross, Chief Executive Officer, during the conference call. "In addition, future new orders and our recent successes in Turkey, South America and the Middle East that are expected to result in meaningful reorders, lead us to believe that international sales will be strong in the current year. Based upon information currently available to the Company, we believe Digital Ally will achieve record revenue and operating income in the year ending December 31, 2010."
Digital Ally's previous record year in terms of operating results was achieved in 2008, when the Company reported operating income of approximately $5.1 million on revenue of approximately $32.6 million. In 2009, the Company reported an operating loss of approximately ($1.8 million) on revenue of approximately $26.4 million
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