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Digital Ally Inc. Message Board

  • dglyinvestor dglyinvestor Apr 29, 2013 4:35 PM Flag

    News - Firsrt qtr Earnings - .05 profit vs .40 loss year ago

    Great Qtr
    First Quarter Highlights:
    • Total revenue increased 26% to $4.8 million, compared with total revenue of $3.8 million in the first quarter of 2012.
    • Gross profit margin expanded to 60.6% of revenue vs. 52.8% in prior-year period.
    • General and administrative expenses declined 13% from year-earlier levels.
    • The Company reported an operating profit of $181,417, which represented an improvement of $913,597 when compared with the first quarter of 2012.
    • Net income improved to $113,695, or $0.05 per diluted share, compared with a year-earlier net loss of ($804,729), or ($0.40) per share.
    • Non-GAAP adjusted net income improved to $393,552, versus a non-GAAP adjusted net loss of ($414,672) in the prior-year quarter.

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    • "Improved Gross Margins and lower SG&A expense ratio allowed us to achieve a $913,597 improvement in operating income on a $998,093 increase in revenue. We also generated non-GAAP adjusted net income of $393,552 in the first quarter of 2013, which represented an $808,224 increase relative to a non-GAAP adjusted net loss of ($414,672) in the year earlier qtr."

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