Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures, and markets advanced video surveillance products for law enforcement, homeland security and commercial applications, on Mon., Aug. 20, 2018 announced its operating results for the second quarter of 2018.
The Backstory: The primary focus of Digital Ally is digital video imaging and storage. The Company is headquartered in Lenexa, Kansas. The second quarter ended June 30, 2018. Revenues increased to $3,563,550 compared to $2,471,500 in the first quarter. Revenues for the second quarter also increased by $77,048 over revenues of $3,486,500 in same period of 2017.
Key Quote: “We were encouraged that our second quarter 2018 revenues increased over our recent quarters. We are concentrating on expanding our recurring service-based revenue to help stabilize and grow our revenues on a quarterly basis. We are pursuing several new market channels that do not involve our traditional law enforcement and private security customers, including our technology partner affiliation with NASCAR, which we believe will help expand the appeal of our products and service capabilities to new commercial markets.” Stanton E. Ross, Chief Executive Officer of Digital Ally
Disclosure
(Digital Ally, Inc. (DGLY) is a client of RedChip Companies, Inc. DGLY agreed to pay RedChip Companies, Inc., a monthly cash fee for four (4) months of RedChip investor awareness services.)
The U.S. stock market is a day away from a major milestone. The bull market started in March 2009 and has continued for the last 3,453 days. Wednesday, August 22, 2018 would mark the longest bull market ever for the index.
Appearing on CNBC, Jim Paulsen, chief investment strategist at Leuthold Group, said, “Five factors which have powered this bull run—valuations, investor confidence, rising company profits, low competition from other investments and an economic recovery—appear to have reached their limits.”
GSRX Industries Inc. (OTCQB: GSRX) announced that it has received a Certificate of Occupancy from the Puerto Rico Office of Permit Management for its newest Green Spirit RX pre-qualified medicinal cannabis dispensary location in Puerto Rico.
The newest Green Spirit RX medicinal cannabis dispensary is located at Bo. Quebrada de Fajardo, Carr. #3 Km. 44.9. At nearly 5,000 sq. ft., GSRX’s Fajardo dispensary will be one of the island’s largest.
The Backstory: GSRX, through its subsidiaries, is in the business of acquiring, developing, and operating retail cannabis dispensaries, and is in the process of expanding its business to include the cultivation, extraction, manufacture, and delivery of cannabis and cannabinoid products. To date, GSRX has acquired and operates four cannabis dispensaries in California and Puerto Rico, and has acquired five additional pre-qualified locations in Puerto Rico, all of which are currently under construction and expected to open later this year.
Disclosure
GSRX Industries (OTCQB: GSRX) is a client of RedChip Companies. RedChip Companies, Inc. received 1,000,000 registered shares of GSRX for consulting services and 50,000 shares for investor awareness services. Be advised RedChip intends to sell some or all of its shares at any time, including when you are buying.
Catasys, Inc. (NASDAQ: CATS), a leading AI and technology-enabled healthcare company, reported its financial results for the second quarter ended June 30, 2018.
The Backstory: Catasys harnesses proprietary big data predictive analytics, artificial intelligence and telehealth, combined with human intervention, to deliver improved member health and cost savings to health plans through integrated technology enabled treatment solutions. The mission of CATS is to provide access to affordable and effective care, thereby improving health and reducing cost of care for people who suffer from the medical consequences of behavioral health conditions, helping these people and their families achieve and maintain better lives.
Here are some of the highlights from the Company’s second quarter:
-- Q2 2018 record billings of $5.2 million, up 152% year over year
-- Achieved a record $2.4 million in billings in July 2018, without any special items
-- Enrolled 1,219 new members in Q2 2018, up 289% year over year
-- Secured up to $10 million in debt financing to support company’s accelerating growth
-- Company reiterates 2018 billings guidance of $20 million
-- Outreach pool is now approximately 36,000, a 15% increase from end of Q1 2018
The Company provides big data-based analytics and predictive-modeling-driven healthcare services to health plans and their members through its OnTrak™ solution.
Key Quote: “We were pleased to sign a contract and launch the initial OnTrak program with the nation’s second largest health plan during the second quarter of 2018. With this partnership, Catasys is now contracted with seven of the top eight insurers in the country. As a result of new launches like this one and program expansions during the first half of 2018, we saw continued growth in our outreach pool of eligible members and, by extension, increased enrollments and higher billings in the second quarter. We achieved a record $5.2 million in billings for the period, including a semi-annual savings share payment.” -- Mr. Rick Anderson, President and COO of Catasys
Disclosure
Catasys (CATS) is a client of RedChip Companies, Inc. CATS agreed to pay RedChip Companies, Inc. a monthly cash fee for RedChip investor awareness services and consulting services.
Galaxy Next Generation, Inc. (OTC: FLCR), a U.S. distributor of interactive learning technology hardware and software that create fully collaborative instructional environments, today announced it has filed its application with OTC Markets to begin trading on the OTCQB.
Key Quote: “Listing on the OTCQB is a major milestone for Galaxy. As an OTCQB company, we will be required to meet certain disclosure requirements which provide our investors with much desired transparency. We also anticipate the increased exposure we receive from trading on the OTCQB will help our story reach a wider audience, ultimately leading to long-term valuation improvement.” -- Gary LeCroy, CEO, Galaxy Next
The Backstory: Galaxy’s products include Galaxy’s own private-label interactive touchscreen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy’s distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company’s products within the commercial and educational market. Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products—comprising nearly 90% of Galaxy’s sales.
Disclosure
Galaxy Next Generation (OTC: FLCR) is a client of RedChip Companies, Inc. FLCR agreed to pay RedChip Companies, Inc. a monthly cash fee for 4 months of investor awareness services.
Esports Entertainment Group, Inc. (OTCQB: GMBL), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce the Company is again exhibiting at gamescom in Cologne, Germany. The conference began Mon., Aug. 21 and will run through Sat., Aug. 25.
The Company’s first ever exhibit at gamescom 2017 surpassed all expectations, with the signing of over 60 affiliate esports streamers representing an audience of esports viewers which collectively had over 250 million online video views in the preceding 30 days.
Key Quote: “We are thrilled to be going back to gamescom as a much bigger and stronger company than last year.” Grant Johnson, CEO of Esports Entertainment
The Backstory: Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds licenses to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua and Warsaw, Poland. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL. For more information, visit www.esportsentertainmentgroup.com.
Disclosure
Esports Entertainment Group, Inc. (GMBL) is a client of RedChip Companies, Inc. GMBL agreed to pay RedChip Companies, Inc. a monthly cash fee for six (6) months of RedChip investor awareness services.
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Quote of the Week
"Be wary of bad management teams, don't bet on dreams. Do your homework and be careful."
- Dave Maley, Manager Ariel Discovery Fund
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