SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Digital Ally Inc. - DGLY
DGLY 1.770-0.6%Oct 31 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: David Alan Cook11/13/2013 6:36:52 AM
   of 554
 
Reason For Drop and Reason For A Bounce Back in Current Quarter:

From CC Transcripts:

"I do believe that the impact that we’ve got in September has pretty much bounced back if looking at actual October revenues, in 2013 were up 32% over 2012 revenues. So we’re tracking very nicely the 2012, so the bounce back I believe has occurred in domestic revenues – domestic law enforcement revenues and hopefully we put this episode behind us.

Also impacting domestic law enforcement revenues were the fact that we were awarded two state contracts during the third quarter 2013. Unfortunately, some of our competitors have filed informal and formal protests, which is a normal typical response to some of these things. So the initial shipments of POs were not received in the third quarter were moving forward to call out the protest and we hope that those shipments will occur in the fourth quarter.

So unfortunately the five previous quarters that we – coming into third quarter of 2013, contains sizable revenues from our state contracts. And specifically Q2, 2013 had two large state POs and Q3 of 2012, a year ago also contained two state POs of the sizable nature. So we did not get state contract – significant state contract revenues in Q3. I believe that was the result of these competitor challenges which I think will get cleared up here in the fourth quarter."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News