Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial applications, announced its operating results for the quarter and full year ended December 31, 2016. An investor conference call is scheduled for 11:15 a.m. EDT tomorrow, March 28 2017.
Revenues for the first quarter of fiscal 2017 decreased 39% to $6.6 million as compared to $10.9 million in the first quarter of fiscal 2016. The $4.3 million decrease in the current quarter included a $3.0 million, or 35%, decrease in sales in the Americas market and a $1.3 million, or 56%, decrease in EMEA market sales. Revenues weakened across all market segments due principally to a continuing reliance on legacy product offerings and the continuing market effects of previously reported camera line issues. Order intake for the current quarter decreased $5.9 million to $5.8 million as compared to $11.7 million in the first quarter of fiscal 2016.
Must-know assessment: JANA Partners’ positions in 4Q 2013 (Part 2 of 8) ( Continued from Part 1 ) JANA Partners disclosed a 2.41% new position in Allegion plc (ALLE), a $2 billion security solutions provider for homes and businesses. Allegion has seen hedge fund interest with Trian Partners and DE Shaw holding positions in the stock. Allegion debuted in December last year as a standalone, publicly-traded company following its spinoff from industrial goods manufacturer Ingersoll-Rand (IR). Under the spinoff transaction, approximately 96 million ordinary shares of Allegion were issued to Ingersoll-Rand shareholders. These holders received one ordinary share of Allegion for every three ordinary shares of IR held. Fractional shares that the IR shareholders would otherwise have been entitled to receive were aggregated and sold in the public market. Ireland-based Ingersoll-Rand had confirmed the spin off in December 2012, after a strategic review to improve shareholder and company value. Activist firm Trian Partners, which acquired a 7% stake in Ingersoll-Rand in 2012 and a seat on the company’s board, was instrumental in pushing for a break up of the company that eventually culminated in the spin off of the security business. The division, according to news reports, accounts for 15% of Ingersoll-Rand’s revenue. After the spin off, Ingersoll reported its financial results as two segments—climate and industrial. For the fourth quarter, Ingersoll-Rand reported a profit of $47.6 million, or $0.16 a share, a decline from $235.6 million, or $0.78 a share due to a slowdown in the U.S. construction […]
STOCKHOLM–(BUSINESS WIRE)– Regulatory News: ASSA ABLOY (STO:ASSAB): Fourth quarter · Sales increased by 8% in the quarter, with 4% organic growth, and totaled SEK 13,242 M (12,239). · Strong growth in Global Technologies and Americas divisions and good growth in Asia Pacific and Entrance Systems. · EMEA division stabilized and showed weak growth. · Acquisitions of Amarr (USA), Ameristar (USA) and Mercor (Poland) with expected annual sales totaling SEK 3,600 M. · Restructuring program costed at SEK 1,000 M. · Operating income (EBIT) amounted to SEK 2,202 1) M (2,030), an increase of 8%. The operating margin was 16.6% 1) (16.6). · Net income amounted to SEK 1,510 2) M (1,405). · Earnings per share rose by 8% to SEK 4.08 2) (3.79). · Strong operating cash flow amounting to SEK 2,541 M (3,160). Full year · Sales increased by 4%, including 2% organic growth, and totaled SEK 48,481 M (46,619). · Operating income (EBIT) amounted to SEK 7,9231) M (7,501), representing an increase of 6%. The operating margin was 16.3% 1) (16.1). · Net income amounted to SEK 5,496 2) M (5,172). · Earnings per share rose by 6% to SEK 14.84 2) (13.97). · Strong operating cash flow totaling SEK 6,803 M (7,044). · The Board of Directors proposes a dividend of SEK 5.70 per share (5.10). 1) Excluding items affecting comparability in 2013 amounting to SEK -1,000 M for both the quarter and the full year. 2) Excluding items affecting comparability in 2013 amounting after tax to SEK […]
By IndigoVision NewsDesk on November 15, 2013 indigovision_group_125997 IndigoVision announce record first quarter results, a 33% increase of camera sales and, several major project wins including the overlay system for the 2014 FIFA World Cup in Brazil. “Market feedback on the IndigoVision cameras has been magnificent,” stated Marcus Kneen, IndigoVision Chief Executive Officer, “Our Enhanced HD cameras consistently win technical shoot-outs by delivering better quality video in even the most challenging lighting conditions and were voted one of the best new security products at the 2013 ASIS trade show in Chicago.” “IndigoVision continues to invest significantly in technology and will shortly announce the launch of a 20 Megapixel camera, the first ultra-high resolution camera that delivers the video quality that the security industry demands. Feedback from initial installations has been extremely positive with the camera outperforming competitors due to stunning picture detail and an unparalleled image speed of 120 Megapixels per second.” IndigoVision also announced major project wins for city surveillance in Malaysia, Sao Paulo International Airport and the third project for the 2014 FIFA World Cup. These project wins continue IndigoVision’s established pedigree for complex security projects and events, with IndigoVision’s technology being deployed for the FIFA World Cup in 2006 and 2010 as well as every Olympic games since 2004. Group revenues for the first quarter were 14% higher than the corresponding period last year. Margins were maintained in line with last year and, as planned, overheads increased following last year’s 30% increase in sales and pre […]