Digital Ally Q3 revenue up 83% to $8.5M but gross profit down 57%; net loss $1.9M

KUSTOM ENTERTAINMENT, INC.

2022-Q3 EPS reported -$0.19 revenue$28,130,392

Revenue $8.48M (+83% YoY) driven by TicketSmarter ($4.4M) and Nobility Healthcare ($2.0M) acquisitions.
Gross profit fell 57% to $596K; cost of sales rose to 93% of revenue from 70% a year ago.
Operating loss widened to $6.57M from $3.60M; net loss per share ($0.04) vs income $0.16.
Exchanged warrants for 6.1M shares, cancelling 24.3M warrants; recorded $4.8M gain from extinguishment and fair value change.
SG&A up 43% to $7.16M mainly from recent acquisitions; company sees further revenue growth from ticketing and medical billing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KUSTOM ENTERTAINMENT, INC. reported the third quarter ended September 30, 2022 results: revenue $8,484,153.

Period: the third quarter ended September 30, 2022
Revenue: $8,484,153
Result: reported results

Exact text from the filing

Total revenues increased in the third quarter 2022 to $8,484,153 from $4,639,822 in the third quarter 2021 an improvement of $3,844,331 (83%).

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

KUSTOM ENTERTAINMENT, INC. filing history →

Source: SEC EDGAR

accession 0001493152-22-031638

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