Digital Ally reported Q2 2024 results with total revenues of $5.62M, down 32% YoY. Gross profit fell 91% to $242,392, while net loss narrowed to $5.08M from $8.39M last year. The company reduced operating expenses by 46% to $4.16M.The entertainment segment saw a 47% revenue decline to $2.47M as management focused on profitability. The video solutions and revenue cycle management segments also experienced slight decreases. Digital Ally highlighted progress on spinning off Kustom Entertainment, with Clover Leaf Capital's S-4 registration statement declared effective.CEO Stanton Ross expressed optimism about new video products gaining traction and the growing deferred revenue balance of $10.1M. He noted excitement around the Kustom Entertainment spin-off and recent developments like the Country Stampede acquisition and KustomTickets.com launch.

Digital Ally reported Q2 2024 results with total revenues of $5.62M, down 32% YoY. Gross profit fell 91% to $242,392, while net loss narrowed to $5.08M from $8.39M last year. The company reduced operating expenses by 46% to $4.16M.The entertainment segment saw a 47% revenue decline to $2.47M as management focused on profitability. The video solutions and revenue cycle management segments also experienced slight decreases. Digital Ally highlighted progress on spinning off Kustom Entertainment, with Clover Leaf Capital's S-4 registration statement declared effective.CEO Stanton Ross expressed optimism about new video products gaining traction and the growing deferred revenue balance of $10.1M. He noted excitement around the Kustom Entertainment spin-off and recent developments like the Country Stampede acquisition and KustomTickets.com launch.