Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 42

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 42
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 |   |  6,528,031 |    |     |   |  6,374,192 |    |
| Operating income (loss)    |     |                         | (7,382,299 | )  |     |   | (3,914,221 | )  |     |   | (3,639,034 | )  |     |   | (5,979,000 | )  |     |   | (5,148,043 | )  |
| Operating income (loss)    
 %                          |     |                         |     (182.2 | )% |     |   |      (69.7 | )% |     |   |      (65.8 | )% |     |   |      (96.0 | )% |     |   |      (81.2 | )% |
| Net income (loss)          |     | $                       | (5,470,712 | )  |     | $ | (5,010,551 | )  |     | $ | (3,943,268 | )  |     | $ | (7,484,778 | )  |     | $ | (3,679,043 | )  |

Our business is subject to substantial fluctuations on a quarterly basis as reflected in the significant variations in revenues and operating results in the above table. These variations result from various factors, including but not limited to: (1) the timing of large individual orders; (2) the traction gained by products, such as the recently released FirstVu Pro, FirstVu II, FLT-250, EVO HD, the ThermoVu™ and the Shield™ lines; (3) production, quality and other supply chain issues affecting our cost of goods sold; (4) unusual increases in operating expenses, such as the timing of trade shows and stock-based and bonus compensation; (5) the timing of patent infringement litigation settlements (6) ongoing patent and other litigation and related expenses respecting outstanding lawsuits; and (7) the completion of corporate acquisitions including the recent purchases in the revenue cycle management and entertainment operating segments. We reported a net loss of $5,470,712 on revenues of $4,051,711 for the third quarter of 2024.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet debt, nor did we have any transactions, arrangements, obligations (including contingent obligations) or other relationships with any unconsolidated