11:22 am Digital Ally Trading 57% Higher Following Guidance
Digital Ally (DGLY 29.21 +10.55) is trading notably higher this morning after disclosing in an 8-K late Friday guidance from CEO. Revenue is expected to approach $22.5 million in FY14 (there is no analyst coverage).
If the company hit its target of $22.5 million in revenue, this would be 26.2% over 2013 revenue ($17.826 mln).
As reported in Friday's 8-K, in an article in USA Today on Aug 28, 2014, Stanton Ross, Chairman, President and CEO of DGLY was quoted as stating that the Company's revenues in fiscal 2014 will …More