Digital Ally Reports Q4 EPS of $(0.06) vs. $0.03

Digital Ally, Inc. DGLY today announced its operating results for the fourth quarter. For the quarter ended December 31, 2010, the Company's revenue decreased 31% to approximately $6.4 million, compared with revenue of approximately $9.2 million in the fourth quarter of 2009. On a non-GAAP basis, the Company reported an adjusted net loss, a non-GAAP financial measure, of ($906,262), or ($0.06) per share, in the three months ended December 31, 2010, versus adjusted net income of $939,325, or $0.06 per diluted share, in the quarter ended December 31, 2009. (Non-GAAP adjusted net income (loss) is described in greater detail in a table at the end of this news release).