Digital Ally, Inc. announced on May 21, 2025, that it filed its Quarterly Report on Form 10-Q for the three months ended March 31, 2025, with the SEC. The report showed earnings per share of $1.41, a substantial improvement compared to a net loss of ($27.48) per share in the prior-year period.
The company reported a 5% increase in gross profit to $1.60 million, with gross margin improving significantly to 36% from 28% in Q1 2024. Selling, general, and administrative expenses were dramatically reduced by 50%, falling by $2.59 million to $2.58 million, contributing to a 73% improvement in operating loss, which narrowed to $974,680.
Net income for the quarter reached $4.27 million, a stark contrast to the $3.94 million net loss in Q1 2024. This was primarily bolstered by $5.24 million in non-operating gains, largely from the extinguishment of debt and liabilities and a favorable change in the fair value of warrant derivative liabilities, facilitated by the recent $14.3 million public equity offering. This offering also significantly improved liquidity, resulting in stockholders’ equity exceeding the $2.5 million Nasdaq threshold.
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