Digital Ally Q1 revenue $7.7M, down 25% YoY; net loss $6.1M ($2.22/share)

KUSTOM ENTERTAINMENT, INC.

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

Revenue $7.70M, down 25% from $10.29M; operating loss $6.17M vs $6.80M.
Net loss $6.11M ($2.22/share) vs $6.60M ($2.59) in Q1 2022.
Deferred revenue nearly doubled to $8.9M; SG&A down 12% to $7.72M.
Entertainment segment service revenues fell 48%; healthcare contributed $1.78M.
Recent: 1-for-20 reverse split in Feb 2023; regained Nasdaq compliance; $3M convertible notes issued.

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 three months ended March 31, 2023 results: revenue $7,697,190.

Period: the three months ended March 31, 2023
Revenue: $7,697,190
Result: reported results

Exact text from the filing

Total revenues for the three months ended March 31, 2023 and 2022 were $7,697,190 and $10,294,781, respectively, a decrease of $2,597,591 (25%).

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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 0001493152-23-017449

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