Aug 29 Digital Ally Inc forecast
full-year revenue of about $22.5 million, encouraged by a
"five-fold" rise in inquiries for its wearable cameras from
police departments in the aftermath of the fatal shooting in
Ferguson this month.
The forecast translates into a 26.4 percent jump in revenue
from $17.8 million in 2013.
The fatal shooting of an unarmed black teenager in Ferguson,
Missouri, sparked demand to hold law enforcement officials
accountable and in turn fueled interest in companies such as
Digital Ally and Taser International Inc.
The company's 2014 revenue forecast was first reported by
USA Today on Thursday, citing Chief Executive Stanton Ross,
according to a regulatory filing on Friday.
Digital Ally said on Thursday it had received its first
camera order after the Ferguson incident from the Michigan
The company's shares closed at $18.66 on Friday on the
Up to Friday's close, the stock had risen about 387 percent
since Aug. 8, the day before the shooting, while Taser's shares
had risen nearly 27 percent.
(Reporting by Mridhula Raghavan in Bangalore; Editing by Kirti