Digital Ally, Inc. (DGLY): Business Model Canvas [Dec-2025 Updated]

You're looking to map out the current state of Digital Ally, Inc., and honestly, it's not just a bodycam company anymore; it's a fascinating, multi-pronged operation as of late 2025. After securing $15.0 million in gross proceeds from a February offering, the firm is aggressively shifting its focus, evidenced by the Q3 2025 revenue hitting $4.50 million while slashing overhead-SG&A dropped a massive 72.7% year-over-year. This canvas breaks down how they balance patented video tech, a subscription push, healthcare billing services, and even event ticketing through TicketSmarter, showing you exactly where the value is being created and where the near-term risks defintely lie. Dive in below to see the nine blocks detailing this complex business structure.

Digital Ally, Inc. (DGLY) - Canvas Business Model: Key Partnerships

You're looking at how Digital Ally, Inc. structures its external relationships to fund operations and drive its diverse business segments forward. These partnerships are critical, especially given the capital-intensive nature of their technology and the need to support multiple revenue streams like video solutions and healthcare services.

Financing is clearly a major focus, relying on capital markets partners to shore up the balance sheet. For instance, financing activities in 2025 included securing $14.31 million in net proceeds from a February public equity offering that included warrants. This was supplemented by $610,000 from senior secured convertible notes issued in September 2025. The company also has a committed equity facility allowing for potential future sales up to an aggregate purchase price of $25,000,000 to an investor, though proceeds depend on the sale structure.

Here's a quick look at the key financial and administrative partners and associated figures as of late 2025:

Partner Type	Partner Entity	Key Financial/Statistical Data Point	Reference Date/Period
Public Offering/Financing Facilitator	Aegis Capital Corp.	Involved in a February public equity offering that raised $14.31 million net proceeds.	2025
Equity Issuance Investor	Yield Point NY LLC (via Purchase Agreement)	Committed equity facility up to $25,000,000 aggregate purchase price.	As of November 2025
Stock Transfer Agent	Securities Transfer Corporation	Maintains shareholder records; address listed as 2901 Dallas Parkway #380, Plano, TX 75093.	As of late 2025
Share Structure Metric	N/A (Internal Metric)	Shares outstanding reported as 1,898,436 as of November 12, 2025.	November 12, 2025

The Video Solutions segment, which serves law enforcement agencies, relies on integration and ongoing service models. Management noted a successful restructuring of the law enforcement products sales organization, signaling a shift in how they manage these critical relationships. The company continues to market its in-car and body-worn cameras to this segment.

For the Entertainment segment, Digital Ally, Inc. partners with event promoters through its TicketSmarter ticketing platform. This segment contributes to the overall service and other revenue stream, which was reported at $3.87 million for the third quarter of 2025. Similarly, the Revenue Cycle Management (RCM) segment, supported by Digital Ally Healthcare, Inc., partners with medical and dental practices for healthcare back-office services.

The relationship with the stock transfer agent is purely administrative but vital for compliance. Securities Transfer Corporation acts as the stock transfer agent. Honestly, keeping that transfer agent relationship clean is non-negotiable for maintaining Nasdaq listing.

You should review the terms of the $25,000,000 equity line, as the issuance price is set at 92% of the lowest daily trading price over a three-day period following a purchase notice, which definitely signals potential dilution risk.

Finance: draft 13-week cash view by Friday.

Digital Ally, Inc. (DGLY) - Canvas Business Model: Key Activities

You're looking at the core things Digital Ally, Inc. (DGLY) is doing to run the business as of late 2025. It's a mix of old-school hardware, new subscription pushes, and some non-core segments that have seen varied results.

Developing and manufacturing advanced video solutions (EVO-CORE)

The main engine is still video solutions for law enforcement and fleets. They are actively developing and manufacturing these systems. The company announced the EVO-CORE in-car video solution on November 13, 2025, with shipping expected to start in January 2026. This new unit is designed to be cost-effective and simple to install, featuring advanced capabilities like Handsfree Voice Commands, License Plate Assistance (LPA), and Real-time Transcription. All captured evidence is planned to be hosted securely on the Company's AWS GovCloud powered EVO Web platform. The operational focus in 2025 also involved clearing out old work; the backlog was successfully reduced to $1.7 million from $2.2 million in the previous quarter, and they secured over $800,000 in new contracts. Gross margin showed improvement, hitting 35.8% in Q1 2025, up from 27.6% in Q1 2024. Still, the Entertainment segment caused some drag, producing negative gross margins in Q2 2025 due to large product costs.

Key operational and product metrics for the video segment include:

• EVO-CORE shipping target: January 2026.
• Q1 2025 Gross Profit Margin: 35.8%.
• Backlog as of June 2025: $1.7 million.
• New contracts secured (as of June 2025): over $800,000 in expected revenue.
• Q3 2025 Selling, general and administrative (SG&A) expenses: $2.5 million.

Executing a subscription-based sales model shift

A major strategic activity is the pivot away from pure capital expenditure (capex) product sales toward recurring revenue. Management is actively moving commercial customers to subscription/service models. This shift is explicitly credited by the CEO for the operating leverage seen in the third quarter of 2025 results. The goal here is definitely to stabilize income and improve the quality of revenue streams over time. It's a necessary move to get off the boom-and-bust cycle of large hardware sales.

Providing healthcare revenue cycle management services

Digital Ally, Inc. maintains a presence in the healthcare revenue cycle management (RCM) sector. This activity involves managing the billing and reimbursement process for healthcare providers. While the industry is seeing major shifts toward AI-assisted coding and automation, specific 2025 revenue or operational contribution figures for Digital Ally, Inc.'s RCM segment were not detailed in the latest public reports found.

Brokering tickets and producing live entertainment events

Through its subsidiary, Kustom Entertainment, the company is active in the entertainment space, specifically involving ticket brokering and event production. They announced an exciting lineup for the 2026 Country Stampede Music Festival, which is a key activity for this segment. However, as noted earlier, this segment contributed to negative gross margins in Q2 2025 due to high product costs.

Maintaining Nasdaq compliance and improving balance sheet

A critical, non-revenue-generating activity has been aggressively managing the balance sheet to maintain its listing on the Nasdaq Capital Market. This involved significant financial engineering and cost control. The company executed a $14.3M public equity offering in February 2025 to shore up liquidity. This action, combined with operational cuts, resulted in a dramatic balance sheet turnaround.

Here's a look at the financial stabilization efforts as of late 2025:

Metric	As of September 30, 2025	As of December 31, 2024	Change/Note
Total Stockholders' Equity	$7,516,665	$(9,013,430) (Deficit)	Equity restored above the minimum $2.5 million threshold.
Working Capital	Deficit of $115,393	Deficit of $19,377,507	Improvement of approximately $19.26 million.
Cash Position (Q1 2025)	Almost $4,000,000	$400,000	Cash increased by nearly $3.6 million in Q1 2025 alone.

The company announced on October 17, 2025, that it had regained full compliance with the Nasdaq Minimum Bid Price Requirement and the Stockholders' Equity Requirement. Furthermore, the company executed two reverse stock splits in May 2025: one for one share for every 20 outstanding, and a second for one for 100 shares.

Overall 2025 Financial Snapshot (Through Q3):

Financial Period	Total Revenue	Net Income (Loss) Attributable to Common Stockholders	EPS (Diluted)
Q3 2025	$4.5M	Loss of $1,021,867	Loss of $0.59
Q1 2025	$4.4 million	Income of $4,263,471	$1.41
Last Twelve Months (LTM)	$19.10M	N/A	N/A

The operating loss in Q3 2025 was $1,121,782, which was an improvement of 84.8% or $6,260,517 year-over-year.

Digital Ally, Inc. (DGLY) - Canvas Business Model: Key Resources

The Key Resources for Digital Ally, Inc. (DGLY) as of late 2025 center on intellectual property, acquired platforms, and recent capital infusion.

The foundation includes the patented video and audio recording technology integral to the Video Solutions Segment, which serves law enforcement, security, and commercial applications. This technology underpins the company's legacy business and its service offerings, including subscription models for cloud and warranty solutions.

A significant resource is the TicketSmarter online ticketing platform and brand, acquired in September 2021. This platform operates as the Entertainment Segment, acting as an intermediary between ticket buyers and sellers on ticketsmarter.com. At the time of acquisition, the platform offered access to 48 million tickets for over 125,000 live events.

The company also leverages the Nobility Healthcare's medical billing infrastructure through Digital Ally Healthcare, Inc., which was formed in a venture with Nobility LLC. Nobility LLC is described as an eight-year old revenue cycle management (RCM) company servicing the medical industry as of 2025, forming the basis of the Revenue Cycle Management Segment.

Financial resources were bolstered by a recent capital raise. The cash from February 2025 offering of $15.0 million gross proceeds closed on February 14, 2025, providing capital for general corporate purposes and working capital.

Operational efficiency is a key resource, demonstrated by significant cost control measures. The reduced SG&A expenses, down 72.7% YoY in Q3 2025, amounted to $2.5M for that quarter, compared to Q3 2024.

You can see a snapshot of these critical resources and associated metrics here:

Resource Component	Metric/Detail	Value/Amount
Capital Raise (Feb 2025)	Gross Proceeds	$15.0 million
Operating Expense Control (Q3 2025)	SG&A Expense Reduction YoY	72.7%
Operating Expense Control (Q3 2025)	SG&A Expense Amount	$2.5M
TicketSmarter Platform	Tickets Available (at acquisition)	48 million
TicketSmarter Platform	Live Events Supported (at acquisition)	125,000
Nobility Healthcare Partner	Partner Age (as of 2025)	Eight-year old

The core technology assets include:

• Patented video and audio recording technology for law enforcement and safety applications.
• The ShieldTM Health Protection Products line, including cleansing solutions and FDA approved masks.

The company's structure as a holding company itself is a resource, encompassing subsidiaries across:

• Video Solutions Segment.
• Revenue Cycle Management Segment.
• Entertainment Segment.

Finance: review the cash runway impact of the $15.0 million gross proceeds against the Q3 2025 operating loss improvement of $6,260,517 (84.8%) year-over-year.

Digital Ally, Inc. (DGLY) - Canvas Business Model: Value Propositions

You're looking at the core value Digital Ally, Inc. delivers across its distinct business lines as of late 2025. The company is clearly pushing its subscription model, which is reflected in the deferred revenue figures.

For the quarter ending September 30, 2025, Digital Ally, Inc. reported total revenue of $4.54 million, with service and other revenue making up $3.87 million of that total, signaling the importance of recurring revenue streams. The trailing twelve months revenue ending September 30, 2025, stood at $19.10 million.

Integrated in-car and body-worn video for law enforcement

This value proposition centers on providing a complete evidence capture ecosystem. The focus is on hardware sales and the associated recurring service revenue. The company is building on its existing platform with new hardware, such as the EVO-CORE in-car camera solution, which is slated to ship in January 2026. The push for a subscription-based sales model continues to be a key management focus.

Cloud-based evidence management and data storage solutions

The value here is secure, scalable evidence handling, evidenced by the deferred revenue figure, which supports the subscription component of the video solutions. As of the latest reports, deferred revenue was approximately $8.9 million, which backs the recurring revenue commitment through 2028. The evidence management solution, EVO Web Portal, is noted as being hosted on the highly secured GovCloud platform powered by Amazon Web Services.

Revenue cycle management to optimize medical billing for clients

This segment provides working capital and back-office services to healthcare organizations on a monthly service fee basis. While specific 2025 revenue contribution for this segment isn't broken out in the latest quarterly report, the company operates this as one of its three reportable segments. The overall operating loss for the company in Q3 2025 was $1.12 million, an improvement of 84.8% compared to Q3 2024, suggesting cost discipline across all operations, including this segment.

Event ticketing and production via TicketSmarter and Kustom Entertainment

The Entertainment Segment, which includes TicketSmarter, Inc., is focused on live events. Kustom Entertainment has announced the lineup for the 2026 Country Stampede Music Festival, scheduled for June 25-27, 2026. This production aspect is a key value delivery for this segment.

Safety products like ThermoVu and Shield disinfectants

This falls under the Video Solutions Segment, which includes disinfectant and related safety products. The Shield Health Protection Products line includes disinfectants and sanitizers. The product revenue for the entire Video Solutions segment in Q3 2025 was $0.66 million.

Here's a quick look at the financial context supporting these value propositions as of September 30, 2025:

Metric	Amount (as of 9/30/2025)
Total Stockholders' Equity	$7.52 million
Current Liabilities	$9.80 million
Q3 2025 Net Loss Attributable to Common Stockholders	$1.02 million
Deferred Revenue (Video Solutions Support)	~$8.9 million
Body Worn Camera Market Size (Global Estimate)	Over USD 2.12 billion

The company's focus on its subscription model is a clear strategic action, aiming to convert hardware sales into more predictable revenue streams, as seen by the $3.87 million in service/other revenue in the quarter.

Digital Ally, Inc. (DGLY) - Canvas Business Model: Customer Relationships

You're looking at how Digital Ally, Inc. (DGLY) connects with and keeps its customers as of late 2025. The relationship strategy clearly segments between the core Video Solutions market and the Entertainment segment via TicketSmarter.

Dedicated sales team for government and commercial fleets

Digital Ally, Inc. focuses its sales efforts on law enforcement, the U.S. Military, and commercial fleets. This customer base spans all 50 states and more than 30 foreign countries. Management noted a successful restructuring of the law enforcement products sales organization, which contributed to operating loss improvement by $6.26 million year-over-year in Q3 2025. Sales to government entities are often facilitated through established purchasing channels.

• GSA Contract Number: GS-07F-095C
• NPPGov contracts serve Law Enforcement and Fire/Rescue members
• Texas DIR Contract Number: DIR-TSO-4176

Here's a look at the reach and structure supporting these customer relationships:

Customer Segment Focus	Geographic Reach	Key Sales Mechanism	Q3 2025 Revenue Contribution Context
Law Enforcement & U.S. Military	All 50 states and over 30 foreign countries	Direct Sales & State Contracts (GSA, NPPGov)	Market remains challenging with state/local budget headwinds
Commercial Fleets	All 50 states	Direct Sales using specialized products like FleetVu Manager	Focus on subscription model supports recurring revenue from this segment

Subscription-based service model for recurring revenue

The shift toward a subscription-based sales model is a key operational focus for Digital Ally, Inc., cited as a driver for improved operating leverage. This model builds predictable, recurring revenue streams, which is critical for financial stability. As of the first quarter of 2025, the company highlighted "in excess of $10M" in deferred revenue specifically tied to these subscriptions. For context, total revenue in Q3 2025 was $4.50M.

Direct customer support for video solution maintenance

The company emphasizes providing the 'ultimate customer experience' through multi-disciplined support staff. While specific support metrics for late 2025 aren't public, the financial results show that service revenue was up in Q1 2025, contrasting with a significant year-over-year decrease in video product sales for that quarter. This suggests that maintenance and service contracts are a stabilizing element of the customer relationship.

Automated online platform for TicketSmarter transactions

The Entertainment segment, operating as TicketSmarter, Inc., is an automated online platform. This subsidiary offers access to 48 million tickets for more than 125,000 live events. Customer relationships here are managed through high-volume, transaction-based interactions on TicketSmarter.com. Compensation is generally determined as a percentage of the underlying ticket's face value.

The Entertainment segment contributed $5.04 million in product revenue for the year ended December 31, 2023.

Digital Ally, Inc. (DGLY) - Canvas Business Model: Channels

You're looking at how Digital Ally, Inc. gets its products and services to market as of late 2025. The channels are a mix of direct sales for their core tech, online platforms, and service-based delivery.

Here's a look at the revenue distribution across the segments that map to these channels, based on the latest reported figures for the nine months ended September 30, 2025, and the third quarter of 2025.

Business Segment/Channel Proxy	Q3 2025 Revenue	Nine Months 2025 Revenue	FY 2023 Revenue
Product Revenue (Video Solutions/Direct Sales Proxy)	$0.66 million	Not explicitly broken out for nine months	Not explicitly broken out for FY 2023
Service and Other Revenue (RCM/Ticketing Proxy)	$3.87 million	Not explicitly broken out for nine months	Not explicitly broken out for FY 2023
Total Revenue (All Channels)	$4.54 million	$14.64 million	$28,248,344

The direct sales force targets law enforcement and government agencies for the Video Solutions segment. For the third quarter of 2025, the product revenue component, which includes Shield and ThermoVu sales, was $0.66 million, compared to service and other revenue of $3.87 million for the same period.

The online e-commerce platform for Shield and ThermoVu products is part of the overall product sales channel. The company reported a firm backlog of over $2 million in product sales as of the first quarter of 2025, which required supply chain recovery for fulfillment.

For TicketSmarter.com, which falls under the Entertainment segment, management refocused the operation to shed sponsorships that did not provide gross margin. This resulted in lower revenues but improved profits in the first quarter of 2025. Historically, the Entertainment segment generated service and product revenues totaling $14,063,381 for the year ended December 31, 2023.

Direct-to-client sales for Revenue Cycle Management services are represented in the Service and Other Revenue. For the year ended December 31, 2023, the Revenue Cycle Management operating segment generated service revenues of $6,713,678.

Event production and venue partnerships, like the Country Stampede Music Festival, are managed through the Entertainment segment. Management anticipates this segment will continue to improve its revenues and operating profits, with the next major event planned for June 25-27, 2026.

The company's overall revenue for the trailing twelve months ending September 30, 2025, was $19.10 million.

• Total stockholders' equity improved to $7.52 million as of September 30, 2025, from a deficit at the end of 2024.
• Selling, general and administrative (SG&A) expenses fell 72.7% year-over-year to $2.5 million in Q3 2025.
• The company closed a $14.3 million public equity offering in 2025.

Finance: draft 13-week cash view by Friday.

Digital Ally, Inc. (DGLY) - Canvas Business Model: Customer Segments

You're looking at the customer base for Digital Ally, Inc. (DGLY) as of late 2025, which is structured across three primary operating segments: Video Solutions, Revenue Cycle Management, and Entertainment. The data reflects a company actively managing cost structures while serving these distinct groups.

The core customer base for the Video Solutions segment includes law enforcement and emergency management agencies, along with commercial fleets and security organizations. This segment faced headwinds, as evidenced by product revenue declining 29.4% to $438,132 in the second quarter ending June 30, 2025. Still, the company secured at least seven notable contracts in mid-2025, collectively expected to generate revenues exceeding $800,000, reinforcing demand for its technology across multiple sectors. Furthermore, the backlog for this segment was successfully lowered to $1.7 million from $2.2 million at the end of the first quarter of 2025, showing improved fulfillment capability for these agencies.

For medical and dental practices needing billing services, the Revenue Cycle Management Segment provided service revenue of $1.4 million in the second quarter of 2025. This segment provides working capital and back-office services to healthcare organizations on a monthly service fee basis.

The Entertainment Segment serves both general consumers purchasing event tickets via TicketSmarter and attendees of owned/produced festivals. The service revenue from this segment grew 27.1% to $1.1 million in the second quarter of 2025. It is important to note that the Country Stampede Music Festival, an owned event, contributed to larger losses in Q2 2025, causing gross margin to deteriorate to -11.2% for that quarter.

Here's a quick look at the revenue contribution by segment for the quarter ending June 30, 2025, based on the available data:

Customer Segment Focus	Reportable Segment	Q2 2025 Revenue Amount
Law enforcement, emergency management, commercial fleets, security	Video Solutions (Product Revenue)	$438,132
Medical and dental practices (billing services)	Revenue Cycle Management (Service Revenue)	$1.4 million
General consumers (ticket purchasing) & Event attendees (festivals)	Entertainment (Service Revenue)	$1.1 million

The overall company performance reflects the mix of these segments. Total revenue for the third quarter ending September 30, 2025, was $4.5 million, a 12% increase year-over-year. This compares to total revenue of $5.63 million reported for the second quarter ending June 30, 2025.

The TicketSmarter acquisition, which targets general consumers, was completed in 2021 for a purchase price of $14.1 million. Prior to the impact of COVID-19, the combined TicketSmarter and Goody Tickets businesses had annual revenues exceeding $20 million.

You should track the following operational metrics that directly relate to these customer groups:

• Backlog reduction from $2.2 million (end of Q1 2025) to $1.7 million (mid-June 2025).
• New contracts secured in mid-2025 valued at over $800,000.
• Entertainment segment profit increased in Q1 2025 due to shedding uneconomical sponsorships.
• The company reported a net income of $4.2 million in Q1 2025, a significant turnaround from a $3.9 million loss in Q1 2024.

Finance: draft Q4 2025 segment revenue forecast by next Tuesday.

Digital Ally, Inc. (DGLY) - Canvas Business Model: Cost Structure

You're looking at the expense side of the Digital Ally, Inc. (DGLY) model as of late 2025, post-restructuring. The focus has clearly shifted to cost discipline, which is evident in the Selling, General, and Administrative (SG&A) line.

Significant Selling, General, and Administrative (SG&A) expenses saw a massive reduction. For the third quarter ending September 30, 2025, SG&A expenses were reported at $2.50M. This represents a year-over-year decline of 72.7% compared to the $9.1 million recorded in Q3 2024. This reduction stems from substantial decreases in overhead expenses and reduced headcount, part of a successful restructuring of the law enforcement products sales organization.

For hardware and product manufacturing, the Cost of Goods Sold (COGS) is managed through efforts to improve gross margin. In the first quarter of 2025, the overall gross margin percentage improved to 36% from 28% in the prior year period, partly due to paring down video segment overhead that hits COGS.

The overall operating cost structure for Q3 2025 resulted in an operating loss of $(1,121,782). Here's a look at the key financial outcomes related to costs and operational performance for that quarter:

Metric	Q3 2025 Amount (USD)	Year-over-Year Change Context
SG&A Expenses	$2.50M	Down 72.7% from Q3 2024
Operating Loss	$(1,121,782)	Improved by $6,260,517 (84.8%) vs Q3 2024
Net Loss Attributable to Common Stockholders	$(1,021,867)	Improved from a larger loss in Q3 2024
Stockholders' Equity (as of 9/30/2025)	$7.52M	Up from a deficit of $(9.01)M at 12/31/24
Working Capital (as of 9/30/2025)	$(0.12)M deficit	Improved from a deficit of $(19.4)M at year-end 2024 (Q1 data)

Regarding Research and Development (R&D) for new video technology, the company announced the EVO-CORE in-car solution, which includes voice commands and real-time transcription, expected to ship in January 2026. Specific R&D spending for Q3 2025 isn't detailed, but the focus on new product deployment is a forward-looking cost driver.

For the Operating costs for the Revenue Cycle Management and Entertainment segments, management noted refocusing the TicketSmarter business (part of Entertainment) into economical sponsorships. The company also has a Shield Health Protection Products line. While segment-specific operating costs aren't itemized, the overall overhead reduction impacts these areas.

Legal and compliance costs were a significant factor driving the need for capital, specifically related to maintaining the Nasdaq listing. The company regained Nasdaq compliance for minimum bid price and equity on October 17, 2025. This was supported by a $14.3M public equity offering closed in 2025, which helped raise stockholders' equity to $7.52M as of September 30, 2025, from a deficit of $(9.01)M at the end of 2024. The company also implemented reverse stock splits to meet the minimum bid price requirement. The company announced it had secured six patents in February 2025.

You should review the Q3 10-Q for the precise breakdown of R&D and segment operating expenses, as the public summaries focus on the major P&L lines like SG&A and the resulting operating loss. Finance: draft 13-week cash view by Friday.

Digital Ally, Inc. (DGLY) - Canvas Business Model: Revenue Streams

You're looking at the hard numbers for how Digital Ally, Inc. is bringing in cash as of late 2025. It's a mix of hardware, recurring fees, and ticketing commissions, which is typical for a company spanning multiple distinct business lines. Here's the quick math on the latest reported quarter.

Q3 2025 total revenue was $4.50 million. This figure represents a 12% increase year-over-year from Q3 2024's total revenue of $4.1 million.

The revenue streams are segmented across the Video Solutions, Revenue Cycle Management, and Entertainment segments. The most recent detailed breakdown available for Q3 2025 shows a clear split between product sales and recurring/service-based revenue.

• Product sales of video systems and safety equipment
• Service and subscription revenue from cloud storage and software
• Revenue Cycle Management fees from medical billing services
• Ticket sales and booking fees from TicketSmarter

For the third quarter ending September 30, 2025, the split between product revenue and service/other revenue was quite distinct, showing a continued shift toward service-based income. The total revenue for the quarter was reported as $4.54 million.

Here is the breakdown of the reported revenue components for Q3 2025:

Revenue Stream Component	Q3 2025 Amount (Millions USD)
Product revenue (Video systems and safety equipment sales)	$0.66 million
Service and other revenue (Includes cloud, software, RCM, and Entertainment)	$3.87 million
Total Revenue (Reported)	$4.54 million

The Service and other revenue stream, totaling $3.87 million, encompasses the other required components: service and subscription revenue from cloud storage and warranty solutions within Video Solutions, monthly service fees from the Revenue Cycle Management Segment, and ticket sales/booking fees from the Entertainment Segment (TicketSmarter). This service component made up approximately 85.24% of the total Q3 2025 revenue ($3.87M / $4.54M).

The Product revenue, which covers the initial sale of digital video imaging and safety products, was $0.66 million for the quarter. This product component represented about 14.54% of the total Q3 2025 revenue. Management noted a focus on the subscription-based sales model, which aligns with the larger service revenue figure.

For the first nine months of 2025, the cumulative revenue totaled $14.64 million, with an operating loss of $6.19 million for the same period.

Finance: draft 13-week cash view by Friday.