Digital Ally (DGLY) CEO, Chairman Sees Revenue Growth of 26% in FY14
In an article in USA Today on August 28, 2014, Stanton E. Ross, Chairman, President and Chief Executive Officer of Digital Ally (Nasdaq: DGLY) was quoted as stating that the Company’s revenues in fiscal 2014 will approach $22.5 million. Mr. Ross made such forecast based on current and expected level of future activity and other information currently available. He stated that inquiries from potential customers regarding the Company’s audio/video surveillance products had increased approximately fivefold in the period immediately following the events in Ferguson, MO.
*** Revenue for FY13 was $17.8 million, according to an SEC filing made last February.
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.