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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Digital Ally, Inc.    DGLY

DIGITAL ALLY, INC.

(DGLY)
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Digital Ally Awarded Notable Contract With Fort Eustis Air Force Base

10/01/2020 | 08:00am EST

Digital Ally to Provide a Complete Video Solution Including Body Cameras, In-Car Camera Systems with Patented VuLink® Technology and Back-End Software

Lenexa, KS, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) (the "Company"), which develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and security, today announced it has been awarded a significant contract for the deployment of one-hundred (100) FirstVu HD body-worn cameras, fourteen (14) DVM-800 in-car digital audio/video systems, fourteen (14) patented VuLink® automatic activation systems, access to VuVault.com® back-end software and storage platform and other services for Fort Eustis Air Force Base. The contract was awarded through the Government Services Administration, an independent agency of the United States government which aids in purchasing for government agencies.

Fort Eustis Air Force is located in Newport News, Virginia, and is home to the United States Army Training and Doctrine Command, and to the U.S. Army Aviation Logistics School.

“Current events are bringing widespread attention to the importance of video evidence capturing systems. Digital Ally is proud to provide Fort Eustis Air Force Base with our complete video solution,” said Stan Ross, CEO of Digital Ally, concluding, “Body cameras and in-car video systems are critically important to the safety and security of all concerned and through these tough times we remain committed to serving all military, law enforcement and first responders with this technology.”

Fort Eustis Air Force Base joins Offutt Air Force Base (Omaha, NE) in a growing trend of military bases to utilize the Company’s FirstVu HD body-worn cameras and DVM-800 in-car camera systems paired with VuLink® automatic activation systems in the recent years. The Company continues to expand its market share in the law enforcement and government agency sectors and believes its products will continue to prove their versatility and reliability.

About Digital Ally

Digital Ally®, headquartered in Lenexa, KS, specializes in the design and manufacturing of the highest quality video recording equipment and video analytic software. Digital Ally pushes the boundaries of technology in industries such as law enforcement, emergency management, fleet safety and security. Digital Ally’s complete product solutions include vehicle and body cameras, flexible software storage, automatic recording technology and various critical safety products. These products work seamlessly together and are simple to install and operate. In addition, Digital Ally recently launched two new product lines including a non-contact thermometer/controlled-entry device under the Company’s ThermoVu brand and an EPA Category IV disinfectant/sanitizer under the Company’s Shield brand. Digital Ally products are sold by domestic direct sales representatives and international distributors worldwide.

For additional news and information please visit www.digitalallyinc.com or follow additional Digital Ally Inc. social media channels here:

Facebook I Instagram I LinkedIn I Twitter

Contact Information
Stanton Ross, CEO
Tom Heckman, CFO
Digital Ally, Inc.
913-814-7774

info@digitalallyinc.com

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: whether the Company will be able to improve its revenue and operating results, especially in light of the adverse effects of the Covid-19 pandemic on its customers, suppliers and employees; whether the Company will effectively manage the disruptions to its supply chain and business activities caused by the Covid-19 pandemic; whether the partnership with Fort Eustis Air Force base will result in a longer-term relationship with Fort Eustis Air Force base and other military bases that will increase the sale of the Company’s video evidence capturing systems and other safety products distributed by the Company; whether Fort Eustis Air Force base’s utilization of the Company’s bundled video systems will provide adequate safety and security measures for enlisted officers and visitors at Fort Eustis Air Force base’s facilities; whether the Company will be able to effectively market and distribute the company’s video capturing product lines to its customers; whether the Company can manufacture and distribute its video capturing products in the quantities and on a timely basis to fulfill its customers’ orders; whether the Company will be able to distribute its video capturing products in a cost-effective, profitable manner; whether the Company’s video capturing products will perform as anticipated; whether the Company’s video capturing products will meet applicable government regulations as promulgated; whether the Company will be able to adapt its technology and products to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to attract and retain customers and quality employees; the effect of changing economic conditions; and changes in government regulations, tax rates and similar matters and whether the Company will be successful in its patent infringement litigation with Axon Enterprises, Inc. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in its annual report on Form 10-K for the year ended December 31, 2019, and its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2020 as filed with the Securities and Exchange Commission.

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© GlobeNewswire 2020
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Financials (USD)
Sales 2020 9,21 M - -
Net income 2020 -7,50 M - -
Net Debt 2020 - - -
P/E ratio 2020 -6,11x
Yield 2020 -
Capitalization 58,9 M 58,9 M -
Capi. / Sales 2020 6,40x
Capi. / Sales 2021 5,37x
Nbr of Employees 119
Free-Float 85,5%
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Technical analysis trends DIGITAL ALLY, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 1
Average target price 5,00 $
Last Close Price 2,20 $
Spread / Highest target 127%
Spread / Average Target 127%
Spread / Lowest Target 127%
EPS Revisions
Managers
NameTitle
Stanton E. Ross Chairman, President & Chief Executive Officer
Christa Johnson Vice President-Operations
Thomas J. Heckman CFO, Secretary, Treasurer, & Vice President
Mark Gordon Director-Technical Services
Daniel F. Hutchins Independent Director
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