A company known for the body cameras it sells to police departments is diversifying into ticketing and health care.
How could this be a growth driver for the company?
Ticketing Segment: Digital Ally (NASDAQ: DGLY) announced the purchase of TicketSmarter Wednesday for $14.1 million. The acquisition brings a new business segment of tickets to the company.
TicketSmarter has estimated revenue of $25 million for fiscal 2022 and could have operation and marketing synergies under the Digital Ally umbrella.
“We believe the TicketSmarter acquisition will be accretive to earnings immediately and what shareholders will benefit from its long-term value based on