Digital Ally reports 2022 net loss of $21.7M, revenue up 73% to $37M

KUSTOM ENTERTAINMENT, INC.

2023-Q1 EPS reported -$2.22 revenue$7,697,190

Revenue increased 73% to $37.0M; net loss of ($21.7M) vs prior-year net income of $25.5M.
Gross profit fell 59% to $2.3M; cost of sales rose to 94% of revenue from 74%.
TicketSmarter and healthcare acquisitions drove revenue but widened operating loss to $29.7M.
Contract liabilities (deferred revenue) nearly doubled to $8.0M; Nasdaq bid-price compliance regained.
1-for-20 reverse stock split effective Feb 6, 2023; share repurchase program terminated June 30, 2022.

item 2.02 item 7.01 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 year ended December 31, 2022 results: revenue $37,009,895.

Period: the year ended December 31, 2022
Revenue: $37,009,895
Result: reported results

Exact text from the filing

the Company’s 1-for-20 reverse stock split, which was effective on February 6, 2023. Highlights for the year ended December 31, 2022 ● Total revenues increased in 2022 to $37,009,895 from $21,413,434 in 2021 an improvement of $15,596,461 (73%). The primary reason for the overall revenue increase is an increase of $13,776,856 (113%), in service revenues from

View on SEC.gov

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

KUSTOM ENTERTAINMENT, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-010548

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.