Digital Ally, Inc. (NASDAQ:DGLY) Q1 2023 Results Conference Call May 16, 2023 11:15 AM ET

Company Participants

Stan Ross - CEO

Brody Green - President and Acting CFO

Conference Call Participants

Allen Klee - Maxim Group

Bryan Lubitz - Equitable

Mike Albanese - EF Hutton

Operator

Good morning, ladies and gentlemen, and welcome to the Digital Ally, Inc. Q1 2023 Operating Results Conference Call. [Operator Instructions]

This conference call may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We may use words and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters rather represent forward-looking statements.

These forward-looking statements are based largely on our expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond our control.

Therefore, actual results could differ materially from the forward-looking statements expressed in this conference call, and readers are cautioned not to place undue reliance on such forward-looking statements.

We generally do not publicly update or revise any forward-looking statements expressed in this conference call, whether as a result of new information, future events or otherwise. There can be no assurance that the forward-looking statements contained in this document will, in fact, transpire or prove to be accurate.

I would like to remind everyone that this call is being recorded on May 16, 2023.

I'll now turn the conference over to Stan Ross. Please go ahead.

Stan Ross

Thank you, everybody, for joining us today. I have with me, Brody Green, who is the company's President. He will be going over some of the numbers. He's also the acting CFO as of now as our dear friend, after almost 17 years, Tom Heckman, has decided to retire and take a slower pace nowadays. So anyways with me is Brody.

Brody will be covering the numbers, going into quite a bit of detail there and then letting you obviously dig a little bit more into this in regards to the Q&A.

I'm excited to talk to you a little bit about where we're at in regards to the relationship of our strategic opportunities that are out there, as we've talked and had mentioned and went public with in regards to a possible spinout or another avenue that would help define, I guess, some of the companies that are under the Digital Ally umbrella and hopefully give a lot more clarity to the excitement and valuations within those, including a recent event that we had that will show up in the second quarter's numbers, but we just finished with our very first Kustom 440 concert that was put together and also utilized our ticketing platform as well. So I'll cover that in a little more detail after Brody goes through the numbers and I'll go from there. Anyways, Brody?