Digital Ally skids as Q2 revenues fall short of the Street, gross margins slip
Shares of Digital Ally, Inc. (Nasdaq:DGLY) are losing ground on heightened volume ahead of the opening bell after the manufacturer of video surveillance products for law enforcement, homeland security and commercial security applications reported second-quarter revenues this morning that increased a health 133%, but fell short of the consensus view on Wall Street. Gross margins within the quarter also edged down to 61% from 64% in the 2007 quarter.
Digital Ally guided for full-year revenue inline with the Street.
Shares slumped 17%, or $1.55, to $7.45 ahead of the opening bell. For detailed price information and recent news stories about Digital Ally, click DGLY.
