getmoreshares
10 hours ago
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As previously disclosed, on December 20, 2024, the Company received notice from the Listing Qualifications Staff (the βStaffβ) of The Nasdaq Stock Market LLC (βNasdaqβ) that the bid price of its listed securities had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Nasdaq Listing Rule 5550(a)(2) (the βMinimum Bid Price Requirementβ). Therefore, in accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until June 18, 2025, to regain compliance with the Minimum Bid Price Requirement.
As previously disclosed, on January 2, 2025, the Staff notified the Company that it was not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on Nasdaq to maintain a minimum of $2,500,000 in stockholdersβ equity for continued listing (the βStockholdersβ Equity Requirementβ). The Company reported stockholdersβ equity (deficit) of ($2,448,310) in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and, as a result, did not satisfy the Stockholdersβ Equity Requirement pursuant to Listing Rule 5550(b)(1).
On March 6, 2025, the Company received notice (the βMarch 6 Letterβ) from the Staff that the Staff had determined that as of March 5, 2025, the Companyβs securities had a closing bid price of $0.10 or less for ten consecutive trading days triggering application of Listing Rule 5810(c)(3)(A)(iii) which states in part: if during any compliance period specified in Rule 5810(c)(3)(A), a companyβs security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that security (the βLow Priced Stocks Ruleβ). As a result, the Staff determined to delist the Companyβs securities from Nasdaq, unless the Company timely requests an appeal of the Staffβs determination to a Hearings Panel (the βPanelβ), pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The Company must request a hearing no later than 4:00 p.m. Eastern Time on March 13, 2025.
The Company will request a hearing before the Panel to appeal the March 6 Letter and to address all outstanding matters, including compliance with the Minimum Bid Price Requirement, the Low Priced Stocks Rule and the Stockholdersβ Equity Requirement, which hearing date has not been set as of the date of this Form 8-K. While the appeal process is pending, the suspension of trading of the Companyβs common stock, par value $0.001 per share (the βCommon Stockβ), will be stayed and the Common Stock will continue to trade on the Nasdaq Capital Market until the hearing process concludes and the Panel issues a written decision. The Company has been informed that hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request. There are no assurances however, that an extension will be granted or that a favorable decision will be obtained from the Panel.
User-700991
7 months ago
Net Loss first 6 months $1.74 per share, lost more than the share price???? and just forced to sell the head office??? so no assets
Net losses attributable to common stockholders for the six months ended June 30, 2024 and 2023 were $5,083,861, or $1.74 per share, and $9,014,882, or $3.12 per share, respectively. No income tax provision or benefit was recorded in either 2024 or 2023 as the Company has maintained a full valuation reserve on its deferred tax assets.
User-700991
7 months ago
Total revenues - a deterioration of $2,663,397 (32%).
Total revenues decreased during the three months ended June 30, 2024 to $5,616,235 from $8,279,632 during the three months ended June 30, 2023 a deterioration of $2,663,397 (32%).
User-700991
7 months ago
Q2 out - gross profits a down 91% $2,494,648
Overall gross profits for the three months ended June 30, 2024 were $242,392, a decrease of $2,494,648, or (91%), as compared to $2,737,040 for the three months ended June 30, 2023
User-700991
7 months ago
Closed 1.01, wow, Q2 earnings loss will be very important, next week, if they file or delay
Just look at AXON and how well they are doing, up $65 a share this week
Axon reports Q2 2024 revenue of $504 million, up 35% year over year, raises outlook
Surely Ross has done the same to DGLY
User-700991
8 months ago
Digital Ally Announces Pricing of approximately $2.9 million Private Placement
Expected annual dilution, dunny the stock fell the past week before this came out, like someone knew and got out
In connection with the private placement, the Company is planning to issue an aggregate of 1,195,219 units. Each unit will be sold at an effective unit price of $2.51 per unit and will consist of one share of common stock (or one pre-funded warrant in lieu thereof)
User-700991
10 months ago
2024 Q1 earnings out - Revenues dropped 36%
Product revenues for the three months ended March 31, 2024 and 2023 were $1,565,846 and $2,453,810 respectively, an decrease of $887,964 (36%), due to the following factors:
Even the video segment is failing fast
The Companyβs video segment operating segment generated revenues totaling $721,188 during the three months ended March 31, 2024 compared to $1,193,021 for the three months ended March 31, 2023. In general, our video solutions operating segment has experienced pressure on its product revenues as our in-car and body-worn systems are facing increased competition because our competitors have released new products with advanced features. Additionally, our law enforcement revenues declined compared to the same period in 2023 due to price-cutting and competitive actions by our competitors, adverse marketplace effects related to our patent litigation proceedings and our recent financial condition.
User-700991
11 months ago
Q4 earnings out, loss $7,484,778, EVERY segment is showing a DECLINE from 2022
Video Solutions 2023 - $7,471,285 and 2022 - $8,252,288
Revenue Cycle Management 2023 - 6,713,678 and 2022 - 7,886,107
Entertainment 2023 - 14,063,381 and 2022 -20,871,500
it's just getting WORSE AND WORSE and WORSE
as management gives themselves a bonus each and every year