Digital Ally Q2 EPS $(3.01) Vs $(0.44) Last Year, Sales $8.28M Miss $9.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Digital Ally reported Q2 losses of $(3.01) per share, a significant increase from $(0.44) per share last year. The company's quarterly sales of $8.28 million missed the analyst consensus estimate of $9.63 million by 14.03 percent, marking an 11.46 percent decrease from the same period last year.
August 14, 2023 | 10:12 pm
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NEGATIVE IMPACT
Digital Ally's Q2 results missed expectations with a significant increase in losses and a decrease in sales compared to last year.
Digital Ally's Q2 results were disappointing with losses per share increasing significantly from $(0.44) to $(3.01) and sales missing estimates by 14.03%. This could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100