Digital Ally Authorizes Stock Buy-Back Program for up to $10.0 Million of Common Stock
Digital Ally, Inc. (NASDAQ: DGLY) (the “Company”), which develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety, and security for venues and events, today announced that its Board of Board of Directors has approved a stock buy-back program authorizing the Company to purchase up to $10.0 million of the Company’s outstanding common stock subject to SEC regulations, stock market conditions and corporate working capital needs.
The buy-back program will commence immediately with a duration of the program through December 31, 2022.
The Company also reaffirmed its previously announced revenue guidance for the fourth quarter 2021 of $9 million and for fiscal year 2022 of $50 million. The Company continues to benefit from the integration and expansion of its recent TicketSmarter and Nobility Healthcare acquisitions in addition to organic growth in its traditional law enforcement and commercial video solutions segment.