NASDAQ$KUST
Kustom Entertainment Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Digital Ally reported a significant revenue increase driven by new products and acquisitions.
Digital Ally, Inc. announced a 73% increase in total annual revenues for 2022, reaching approximately $37.0 million compared to $21.4 million in 2021. This growth was fueled by new product offerings like FirstVu Pro and acquisitions within the Digital Ally Healthcare venture. The company reported a net loss attributable to common stockholders of ($21,666,691), or ($8.50) per share, in the year ended December 31, 2022 compared to a prior-year net income of $25,474,508, or $10.14 per share.
- Total revenue increased by 73% year-over-year, reaching $37.0 million.
- Gross profit decreased by 59% to $2,321,941.
- Selling, General, and Administrative expenses increased by approximately 57% to $32,055,199.
- The company reported a net loss attributable to common stockholders of ($21,666,691), or ($8.50) per share.
Headline financials
Revenue & EPS history
Digital Ally · Revenue · Quarterly
$8.88M
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 further revenue increases in 2023, driven by its healthcare venture and recent acquisitions. The company aims to maximize the profitability of its subsidiaries and capitalize on new business opportunities.
Tailwinds
- Expected further revenue increases in 2023 attributable to Nobility Healthcare.
- Aim to maximize the profitability of accumulated acquisitions in 2023.
- TicketSmarter acquisition has proven to be accretive to revenue growth.
- Company is excited to maximize the profitability of TicketSmarter subsidiary.
- Company will attempt to take advantage of new business opportunities and to maximize existing business lines to benefit the Company and its shareholders for 2023 and beyond.
Headwinds
- Company reported an operating loss of $29,733,258 for the year ended December 31, 2022.
- Gross profit decreased 59% to $2,321,941 for the year ended December 31, 2022 versus $5,663,775 in 2021.
- The overall decrease is attributable to the large overall increase in revenues for the year ended December 31, 2022 offset by an increase in the overall cost of sales as a percentage of overall revenues to 94% for the year ended December 31, 2022 from 74% for the year ended December 31, 2021.
- Our selling, general and administrative expenses as a percentage of sales decreased to 87% for 2022 compared to 96% in the same period in 2021.
- The decrease in other income was largely attributable to the $6,726,638 change in fair value of warrant derivative liabilities for the year ended December 31, 2022, compared to the $36,664,907 change for the year ended December 31, 2021.
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 Q4 2022
-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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