Digital Ally reports Q1 EPS $1.41 vs ($27.48) last year

Reports Q1 revenue $4.4M vs $5.5M last year. “Our first quarter financial results, which included substantial non-operating gains and losses, clearly reflect the operating leverage inherent in our business model that has resulted from substantial decreases in overhead expenses, reduced headcount, and the focus on our subscription based sales model for our video solutions segment and the successful restructuring of our law enforcement products sales organization,” stated Stanton E. Ross, Chief Executive Officer of Digital Ally (DGLY), Inc. “Improved gross profit margins and a lower SG&A expense ratio allowed the Company to achieve a $2,664,354 improvement in operating income when compared to the similar period in 2024. Our ability to achieve these gains was particularly impressive in light of the continuation of a challenging economic environment, which has negatively impacted state, county and municipal government budgets that fund the law enforcement agencies that represent our primary customer base.”