Digital Ally Files S-1/A Amidst Revenue Dip

TL;DR

Digital Ally's revenue down to $13.8M for 9mo '24, net loss widens to $2.1M. Still burning cash.

AI Summary

Digital Ally, Inc. filed an S-1/A on February 6, 2025, detailing its financial performance. For the nine months ended September 30, 2024, the company reported revenue of $13.8 million, a decrease from $15.1 million in the same period of 2023. Net loss for the nine months ended September 30, 2024, was $2.1 million, compared to a net loss of $1.4 million for the same period in 2023.

Why It Matters

This filing provides insight into Digital Ally's financial health and operational performance, which could impact investor confidence and future strategic decisions.

Risk Assessment

Risk Level: medium — The company is experiencing declining revenues and increasing net losses, indicating potential financial instability.

Key Numbers

• $13.8M — Revenue (9mo 2024) (Represents a decrease from the prior year period.)
• $15.1M — Revenue (9mo 2023) (Prior year revenue for comparison.)
• $2.1M — Net Loss (9mo 2024) (Wider loss compared to the prior year period.)
• $1.4M — Net Loss (9mo 2023) (Prior year net loss for comparison.)

Key Players & Entities

• Digital Ally, Inc. (company) — Filer of the S-1/A
• 20250206 (date) — Filing date of the S-1/A
• $13.8 million (dollar_amount) — Revenue for the nine months ended September 30, 2024
• $15.1 million (dollar_amount) — Revenue for the nine months ended September 30, 2023
• $2.1 million (dollar_amount) — Net loss for the nine months ended September 30, 2024
• $1.4 million (dollar_amount) — Net loss for the nine months ended September 30, 2023

FAQ

Key Financial Figures

• $0.2350 — is exercisable at an exercise price of $0.2350 per share (125% of the assumed public o
• $0.188 — at an assumed public offering price of $0.188 per Unit, equal to the closing price of
• $0 — d to the public in this offering, minus $0.001, and the exercise price of each Pre
• $0.001 — rant included in the Pre-Funded Unit is $0.001 per share. The Pre-Funded Warrants will
• $0.00001 — public offering price of one Unit (less $0.00001 allocated to each Warrant), as applicab
• $17,250,000 — ice to the public will be approximately $17,250,000, and the total net proceeds, before exp
• $15,442,000 — ibed above, to us will be approximately $15,442,000 (based upon an assumed public offering
• $200,000 — ts of its legal counsel in an amount of $200,000. See " Underwriting " beginning on page
• $3,600,000 — notes in aggregate principal amount of $3,600,000 issued as part of the Private Placement

Filing Documents

• forms-1a.htm (S-1/A) — 4685KB
• ex23-1.htm (EX-23.1) — 5KB
• ex107.htm (EX-FILING FEES) — 34KB
• forms-1_001.jpg (GRAPHIC) — 4KB
• 0001493152-25-005144.txt ( ) — 19481KB
• dgly-20240930.xsd (EX-101.SCH) — 127KB
• dgly-20240930_cal.xml (EX-101.CAL) — 152KB
• dgly-20240930_def.xml (EX-101.DEF) — 571KB
• dgly-20240930_lab.xml (EX-101.LAB) — 900KB
• dgly-20240930_pre.xml (EX-101.PRE) — 751KB
• forms-1a_htm.xml (XML) — 3620KB

BUSINESS

BUSINESS 63 MANAGEMENT 72 DIVIDEND POLICY 80 CERTAIN RELATIONS AND RELATED PERSON TRANSACTIONS 81 CAPITALIZATION 82

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 84

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 94

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 95

UNDERWRITING

UNDERWRITING 98 DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITY 101 EXPERTS 101 LEGAL MATTERS 101 WHERE YOU CAN FIND MORE INFORMATION 101 INDEX TO FINANCIAL STATEMENTS F-1 You should rely only on the information contained in this prospectus or any prospectus supplement or amendment. Neither we, nor the underwriter, have authorized any other person to provide you with information that is different from, or adds to, that contained in this prospectus. If anyone provides you with different or inconsistent information, you should not rely on it. Neither we nor the underwriter take responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. You should assume that the information contained in this prospectus or any free writing prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of our securities. Our business, financial condition, results of operations and prospects may have changed since that date. We are not making an offer of any securities in any jurisdiction in which such offer is unlawful. No action is being taken in any jurisdiction outside the United States to permit a public offering of our securities or possession or distribution of this prospectus in that jurisdiction. Persons who come into possession of this prospectus in jurisdictions outside the United States are required to inform themselves about and to observe any restrictions as to this public offering and the distribution of this prospectus applicable to that jurisdiction. i ABOUT THIS PROSPECTUS You should carefully read this prospectus before deciding to invest in our securities. Neither we nor Aegis have authorized anyone to provide you with information different from or inconsistent with the information contained in this prospectus. We take no responsibility for, and can provide no assurance

View Full Filing

View this S-1/A filing on SEC EDGAR