Today - Tuesday, July 7, 2015
- Digital Ally (NASDAQ:DGLY) expects to report Q2 revenue of $5.5M, up 25% Q/Q and over 55% Y/Y.
- Seven $100K+ orders were shipped in Q2, and FirstVU body camera shipments topped 2K. Gross margin is said to have "improved significantly" from a Q1 level of 38.9% (was down sharply Q/Q and Y/Y).
- The company still expects 2015 sales of ~$25M, up ~40% Y/Y. However, due to higher-than-expected spending, DGLY no longer expects to hit a 2015 op. income forecast of $2.5M, though it does expect to be profitable.
- Shares -1.1% premarket to $13.26. They fell sharply in May following the Q1 report.
- Silicon Motion (NASDAQ:SIMO) now expects to report Q2 revenue rose 7%-9% Q/Q, slightly favorable at the midpoint to prior guidance of 5%-10% and mostly above a consensus for 7.1% growth to $86.3M.
- Gross margin (non-GAAP) is expected to be near the midpoint of a prior 50%-52% guidance range. That compares with a GM of 52% in Q1 and 52.2% in Q2 2014.
- Shares haven't yet moved premarket. SIMO closed yesterday up 45% YTD. Full Q2 results arrive on July 27.
- Plagued by a supply shortage and tepid demand, Samsung Electronics (OTC:SSNLF) is anticipating a seventh straight quarter of profit declines, reinforcing worries that Galaxy S6 sales fell short of expectations.
- Operating profit for the second quarter likely fell 4% from a year earlier to 6.9T won ($6.1B), while revenue for the period likely dropped 8.3% to 48T won.
- The declines come amid robust growth in Samsung's semiconductor operations, leaving most of the blame on the the company's once-highflying mobile division.
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