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Technology Stocks : Digital Ally Inc. - DGLY

DGLY 1.700

-1.2%

Nov 5 3:59 PM EST

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From: David Alan Cook	8/13/2013 7:22:48 AM
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Some Other Key Points Not Mentioned in the Recommendation that are Significant IMO. Ref - Recently announced contract - 250 DVM-250 Note in same press release, the CEO commented that they will have a record commercial quarter in DVM-250 Sales/Revenue. The prior quarter, the company announced a contract for 344 DVM-250 Plus which retail for $1,295. Given CEO's comments with less than 50% of the Qtr completed, we can expect an even stronger revenue number in the second qtr. Ref - First VU HD New Product Revenue One of the reasons the company reported a small loss ($25K) was that RD&T expenses increased to $120,000 when compared to the prior qtr to launch First Vu. And . . . "we don't see that recurring in the third and fourth quarters." Further and more importantly, CFO expects additional revenue of between 750,000 and 1M in the third quarter based upon backlog received to date. This is significant given Gross Margin comments that 60% if the new norm having achieved it two qtrs. in a row. Note that the company did report " . . . operating income improved almost $900,000, our net income improved over 1M and EBITDA improved by $225,000 . . . in the second qtr Ref - International Tradeshows - " And that's an area where we are spending money and we want to develop and I think we will see results here shortly . . . " Note - Prior posting on Mexico contract for 1.45M pesos or about 125K in additional international revenue noted but not released in a press release. I am expecting two large international contracts as noted by the CEO in the first and 2nd qtr conference calls . . ." . . . we are very optimistic that we will be ending up with some revenues form some pretty sizable international contracts here in the future." Ref - Other State Contract Bids "We have bids in on two additional state contracts that we hope will be awarded on third qtr and that should generate some new contract revenues for us. "

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