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Digital Ally (DGLY) Reduces Backlog, Secures Lucrative Contracts Amid Industry Growth
ByAinvest
Wednesday, Jun 18, 2025 2:33 pm ET1min read
Digital Ally (DGLY) has reduced its backlog from $2.2 million to $1.7 million and secured contracts worth over $800,000. The company has also seen a significant improvement in gross margin percentage, a reduction in SG&A expenses, and a positive net income of $4.2 million in Q1 2025. However, revenues declined by 19% YoY due to a drop in video product sales.
Digital Ally, Inc. (NASDAQ: DGLY), a leading provider of advanced video surveillance solutions, has reported significant operational improvements in Q1 2025. The company successfully reduced its backlog to $1.7 million from $2.2 million at the end of the previous quarter [1]. This reduction reflects a 23% improvement in operational efficiency, as the company streamlined its processes and supply chain management [2].In addition to the backlog reduction, Digital Ally secured seven new contracts worth over $800,000 collectively. These contracts represent nearly 47% of the current backlog value, signaling strong market demand for the company's surveillance products [2]. CEO Stanton Ross emphasized the company's progress in balancing new business acquisition with improved fulfillment capabilities.
Financial highlights for Q1 2025 include a significant improvement in gross margin percentage, a reduction in SG&A expenses, and a positive net income of $4.2 million. However, revenues declined by 19% year-over-year due to a drop in video product sales. The company continues to focus on reducing its backlog, enhancing operational efficiency, and driving sustainable growth.
Digital Ally's progress in operational improvements and contract acquisition positions the company for future growth and enhances customer satisfaction through streamlined production processes. The company remains dedicated to advancing its portfolio of innovative safety solutions and driving sustainable growth.
For more information, visit www.DigitalAlly.com.
References:
[1] https://www.nasdaq.com/articles/digital-ally-inc-reduces-backlog-and-secures-high-value-contracts-advancing-operational
[2] https://www.stocktitan.net/news/DGLY/digital-ally-inc-announces-significant-progress-in-backlog-reduction-g28ys9jbo49e.html
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