Upgrade to SI Premium - Free Trial

Digital Ally (DGLY) Corrects FY15 Revenue Outlook

November 13, 2015 6:15 AM

Digital Ally (NASDAQ: DGLY) disclosed the following on Friday morning:

In an investor conference call on November 12, 2015 Stanton E. Ross, Chairman, President and Chief Executive Officer of Digital Ally, Inc. (the “Company”), stated that the Company expected its revenues in fiscal 2015 will be in excess of $21.0 million. Mr. Ross meant to say that the Company expects its revenues in fiscal 2015 will be approximately $20.0 million. He made such forecast based on current and expected level of future activity and other information currently available.

*** The Street sees FY15 revenue of $25.1 million.

There can be no assurance that the Company will achieve the results forecast because, among other factors, they are based largely on its expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond its control.

The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Categories

Corporate News Guidance Hot Corp. News

Next Articles