NASDAQ$KUST
Kustom Entertainment Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Announced operating results for the second quarter of 2024.
Digital Ally reported a decrease in total revenues and gross profit for the second quarter of 2024 compared to the same period in 2023, but showed an improvement in operating losses. The company is focusing on margins and working towards profitability, with success in new video products and the Digital Ally Healthcare venture.
- Deferred revenue balance reached $10.1 million as of June 30, 2024, growing by approximately $0.6 million from $9.5 million as of June 30, 2023.
- The company is seeing continued success and traction in the marketplace with new video products, like the EVO-HD, FirstVu Pro, and QuickVu docking stations.
- Net losses decreased compared to the second quarter of 2023, indicating progress towards profitability.
- Kustom Entertainment's business combination with Clover Leaf Capital Corp. is expected to provide clarity and show two distinct entities: Digital Ally and Kustom Entertainment.
Headline financials
Revenue & EPS history
Digital Ally · Revenue · Quarterly
$100K
Revenue by segment
Digital Ally · $4.31M total across 2 segments · Q1 2026
- Entertainment$3.21M—74.3%
- Video Solutions$1.11M—25.7%
Forward guidance
Digital Ally anticipates benefits from the Kustom Entertainment business combination and aims to maximize existing business lines.
Tailwinds
- Continued success and traction in the marketplace with new video products.
- Growth in deferred revenue balance.
- Potential benefits from the Kustom Entertainment business combination.
- Focus on organic growth opportunities with the Kustom 440 subsidiary and the acquisition of Country Stampede.
- Launch of KustomTickets.com, an advanced online ticketing platform.
Headwinds
- Losses in recent years, including fiscal years 2023 and 2022.
- Economic and other risks from the effects of the COVID-19 pandemic.
- Uncertainty as to market acceptance of the company's technology and new products.
- Competition from larger, more established companies.
- Dependence on a few manufacturers and suppliers for components of products.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
-1.2%
Avg return
Earnings day
-4.9%
Avg return
5 days after
+5.3%
Avg return
30 days after
44%
28 / 64 earnings
Positive
+41.8%
Q1 2013
Best reaction
-25.3%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.0% | -7.7% | — | |
| Q3 2025 | -4.6% | -18.7% | -27.1% | |
| Q2 2025 | -0.6% | +8.1% | +16.2% | |
| Q1 2025 | -19.8% | -42.2% | -46.3% | |
| Q4 2024 | +1.0% | -37.5% | -39.7% | |
| Q3 2024 | -0.5% | +13.2% | -54.7% | |
| Q2 2024 | -25.3% | -25.3% | -22.6% | |
| Q1 2024 | -3.5% | -7.5% | -13.5% | |
| Q4 2023 | -6.0% | -2.0% | -3.6% | |
| Q3 2023 | -13.5% | -17.1% | -24.2% | |
| Q2 2023 | -6.7% | -8.9% | -21.0% | |
| Q1 2023 | +6.8% | +9.3% | +42.2% | |
| Q4 2022 | -14.7% | -17.7% | -29.2% | |
| Q3 2022 | +0.0% | +0.0% | -24.3% | |
| Q2 2022 | -11.2% | -13.5% | -39.3% | |
| Q1 2022 | -4.0% | -14.9% | -20.8% | |
| Q4 2021 | +4.6% | +3.7% | -10.1% | |
| Q3 2021 | +3.2% | -0.8% | -13.5% | |
| Q2 2021 | +0.8% | +0.0% | -0.8% | |
| Q1 2021 | +1.8% | +1.8% | +9.0% | |
| Q4 2020 | +0.0% | -0.6% | +4.0% | |
| Q3 2020 | +5.0% | +0.4% | +8.3% | |
| Q2 2020 | -24.9% | -31.0% | -34.0% | |
| Q1 2020 | -4.8% | -4.8% | +435.7% | |
| Q4 2019 | +0.0% | +11.7% | +13.0% | |
| Q3 2019 | -0.8% | -0.8% | -3.4% | |
| Q2 2019 | -14.3% | -14.3% | +20.2% | |
| Q1 2019 | -10.1% | -13.3% | -21.0% | |
| Q4 2018 | +2.4% | +2.7% | +15.3% | |
| Q3 2018 | -1.8% | -0.4% | -7.4% | |
| Q2 2018 | -3.8% | +0.0% | +62.3% | |
| Q1 2018 | -7.4% | +0.0% | -4.4% | |
| Q4 2017 | +17.4% | +15.2% | +13.0% | |
| Q3 2017 | +8.0% | +10.3% | +31.5% | |
| Q2 2017 | +1.7% | +13.6% | -1.7% | |
| Q1 2017 | +2.7% | -7.2% | -7.2% | |
| Q4 2016 | +2.2% | +4.6% | +3.4% | |
| Q3 2016 | +3.0% | +12.0% | -4.4% | |
| Q2 2016 | -9.0% | -11.8% | +3.2% | |
| Q1 2016 | +1.3% | — | — | |
| Q4 2015 | -12.1% | — | — | |
| Q3 2015 | -1.0% | — | — | |
| Q2 2015 | -17.9% | — | — | |
| Q1 2015 | -7.8% | — | — | |
| Q4 2014 | +19.2% | — | — | |
| Q3 2014 | -11.5% | — | — | |
| Q2 2014 | -19.2% | — | — | |
| Q1 2014 | +3.7% | — | — | |
| Q4 2013 | -22.0% | — | — | |
| Q3 2013 | -17.0% | — | — | |
| Q2 2013 | +6.7% | — | — | |
| Q1 2013 | +41.8% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | +13.3% | — | — | |
| Q2 2012 | +5.1% | — | — | |
| Q1 2011 | +11.1% | — | — | |
| Q1 2012 | -10.4% | — | — | |
| Q4 2011 | +40.0% | — | — | |
| Q3 2010 | -3.3% | — | — | |
| Q3 2011 | -3.3% | — | — | |
| Q4 2010 | +10.7% | — | — | |
| Q2 2010 | +10.7% | — | — | |
| Q2 2011 | +10.7% | — | — | |
| Q1 2010 | +2.9% | — | — |
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