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Stocks in Focus - Digital Ally, Inc. (NASDAQ:DGLY), Voxeljet AG (ADR) (NYSE:VJET), WidePoint Corporation (NYSEMKT:WYY)

Stocks in Focus - Digital Ally, Inc. (NASDAQ:DGLY), Voxeljet AG (ADR) (NYSE:VJET), WidePoint Corporation (NYSEMKT:WYY)
Written by
Chris Sandburg
Published on
November 14, 2014
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Digital Ally, Inc. (NASDAQ:DGLY) reported Q3 revenue was up 4% to about $4.7 million vs. $4.5 million in the year ago quarter. Operating loss was $1.0 million, wider than last year's loss of $836,662. Net loss was $6.4 million, or $2.32 per share, vs. a year ago loss of $905,836, or $0.42 per share. Non-GAAP adjusted loss was $640,938, or $0.23 per share, vs. last year's loss of $460,862, or $0.21 per share. Digital Ally, Inc. (NASDAQ:DGLY) noted that Q3 was significantly impacted by non-cash charges of approximately $4.4 million related to the changes in the warrant derivative liabilities related to the exercise of warrants issued in connection with the $2.0 million senior secured convertible note and changes in the warrant derivative valuation issued in connection with the $4.0 million senior secured convertible note. It also said Q3 was significantly impacted by non-cash charges approximating $0.5 million related to changes in the fair value of the $2.0 senior secured convertible note which was fully converted and the issuance of the $4.0 million senior secured convertible note.Voxeljet AG (ADR) (NYSE:VJET) a provider of high-speed, large-format 3D printers announced a Q3 loss per share and lowered revenue guidance for the full year despite a year-over-year increase in revenues. The company reported a loss per share of EUR0.41, down from earnings of EUR0.11 in the same period a year ago. Total revenues increased 6.8% to kEUR 3,756 from kEUR 3,517.Voxeljet AG (ADR) (NYSE:VJET) revised full year 2014 revenue guidance to a range of between kEUR 15,000 and kEUR 16,000, from kEUR 18,000. The change in guidance reflects the operating disruption of the company's VX4000 printers in its German service center in Q3, as well as the later-than-anticipated opening of the Canton, Michigan facility, which is now expected to start producing on-demand parts in the first quarter of 2015. Certain newer 3D printer models are now expected to ship later than we had previously anticipated. Shares of VJET are trading within a 52-week range of $11.51 - $70.00.WidePoint Corporation (NYSEMKT:WYY) shares declined Friday, after the provider of information-technology- based products and services late Thursday reported it swung to a Q3 loss despite a 19% jump in revenue. WYY was down 4.5% at $1.51 shortly after Friday's open, in a 52-week range of $0.78 to $1.95. WidePoint Corporation (NYSEMKT:WYY) posted a net loss of $5.9 million, or $0.081 per share, compared with a year-earlier profit of $294,821, or $0.005 per share. There was a 14% increase in the number of shares outstanding, skewing the per-share result's year-over-year comparison. The latest quarter's loss included an approximately $5.0 million non-cash tax provision offsetting a tax asset as a result of various financial and regulatory accounting rules and regulations. Two analysts polled by Capital IQ were expecting a loss excluding one-time items of $0.01 per share, on average. Revenue climbed 19% to $14.6 million Just one analyst polled by Capital IQ had given a revenue prediction, which was $14.4 million.

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