Digital Ally (NASDAQ:DGLY) Reports 4Q17 Loss Confined; Misses Street View

Digital Ally

Digital Ally (NASDAQ:DGLY) announced net loss for the fourth quarter of $ 4.4 million or $ 0.63 per share. The company generated total revenue of $ 2.88 million for the same period. While earnings per share loss confined by 38 percent from the year-ago quarter, revenue fell 17 percent.

On an adjusted basis, Digital Ally revealed Non-GAAP net loss of 39 cents a share for the fourth quarter. This missed analysts estimate by $ 0.09 a share while total revenue fell shy of street analysts expectation by $ 0 million.

Street analysts are looking for loss of $ 0.30 per share on total revenue of $ 3.33 million for the fourth quarter. Analysts estimates are from Thomson Reuters, excludes one time gain or loss.

Digital Ally produces digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally.

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