KUSTOM ENTERTAINMENT, INC. KUST
the "Company," "we," "us" and "our" refer to Kustom Entertainment, Inc.
Plan of Merger with Digital Ally, Inc., a Nevada corporation formerly known as Trophy Tech Corporation (the "Predecessor Registrant"),
we had not conducted any operations and were a closely held company. In conjunction with the merger, we were renamed Digital Ally, Inc.
January 2, 2008, our common stock commenced trading on the Nasdaq Capital Market. We conduct our business from 6366 College Blvd., Overland
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.8M | $13.5M | $28.2M | $37.0M | $21.4M | $10.5M | $10.4M | $11.3M | $14.6M | $16.6M |
| Cost of revenue | $12.4M | $10.4M | $22.5M | $34.7M | $15.7M | $6.5M | $7.2M | $7.3M | $10.0M | $11.3M |
| Gross profit | $1.3M | $3.1M | $5.8M | $2.3M | $5.7M | $4.1M | $3.2M | $4.0M | $4.5M | $5.3M |
| R&D | $551.4K | $1.3M | $2.6M | $2.3M | $1.9M | $1.8M | $2.0M | $1.4M | $3.1M | $3.2M |
| SG&A | $12.2M | $14.5M | $28.0M | $32.1M | $20.4M | $11.7M | $9.6M | $14.5M | $15.7M | $17.8M |
| Total operating expenses | — | — | — | — | — | — | — | $14.1M | — | — |
| Operating income | -$10.9M | -$11.4M | -$22.2M | -$29.7M | -$14.8M | -$7.7M | -$6.0M | -$10.6M | -$11.2M | -$12.5M |
| Interest expense | $1.1M | $3.8M | $3.1M | $37.2K | $28.6K | $342.4K | $43.4K | $1.4M | $733.7K | $3.1K |
| Pre-tax income | -$6.0M | -$17.9M | -$25.5M | -$18.9M | $25.5M | -$2.6M | -$10.0M | -$15.5M | -$12.3M | -$12.7M |
| Income tax | — | — | — | — | — | — | — | — | $90.0K | — |
| Net income | -$6.7M | -$19.8M | -$25.5M | -$18.9M | $25.5M | -$2.6M | -$10.0M | -$15.5M | -$12.3M | -$12.7M |
| EPS, basic | -17.23 | -33,488.74 | -9.22 | -8.50 | 10.14 | -0.12 | -0.87 | -1.93 | -1.76 | -2.38 |
| EPS, diluted | -17.23 | -33,488.74 | -9.22 | -8.50 | 10.14 | -0.12 | -0.87 | -1.93 | -1.76 | -2.38 |
| Shares, diluted (wtd. avg.) | 387,144 | 593 | 2.8M | 2.5M | 2.5M | 21.6M | 11.5M | 8.1M | 7.0M | 5.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $757.4K | $219.3K | $680.5K | $3.5M | $32.0M | $4.4M | $359.7K | $3.6M | $54.7K | $3.9M |
| Receivables | $479.6K | $751.7K | $1.6M | $2.0M | $2.7M | $1.7M | $1.1M | $1.8M | $2.0M | $2.5M |
| Inventory | $2.3M | $2.6M | $3.8M | $6.8M | $9.7M | $8.2M | $5.3M | $7.0M | $8.8M | $9.6M |
| Total current assets | $9.0M | $10.4M | $15.6M | $25.0M | $56.1M | $17.8M | $7.7M | $13.3M | $11.8M | $16.7M |
| Property, plant and equipment | $402.2K | $338.6K | $7.3M | $7.9M | $6.8M | $666.8K | $197.1K | $247.5K | $638.2K | $873.9K |
| Goodwill | — | — | — | $667.9K | $1.1M | — | — | — | — | — |
| Other intangibles | $169.4K | $2.9M | $16.5M | $17.9M | $16.9M | $392.6K | $413.3K | $486.8K | $497.2K | $467.2K |
| Total assets | $19.3M | $27.7M | $47.0M | $56.7M | $83.0M | $20.8M | $8.9M | $14.3M | $13.2M | $18.8M |
| Accounts payable | $4.3M | $11.2M | $10.7M | $9.5M | $4.6M | $1.1M | $2.3M | $784.6K | $3.2M | $2.5M |
| Short-term debt | $707.8K | $5.0M | $1.3M | $485.4K | $389.9K | $11.7K | $8.3M | — | — | — |
| Total current liabilities | $10.5M | $29.7M | $22.5M | $13.5M | $23.0M | $3.7M | $6.9M | $4.6M | $10.2M | $5.0M |
| Long-term debt | $137.5K | $141.1K | $4.9M | $442.5K | $727.3K | $148.3K | $1.8M | — | — | — |
| Total liabilities | $17.0M | $36.8M | $35.6M | $20.3M | $27.1M | $6.4M | $15.2M | $15.8M | $12.3M | $11.1M |
| Retained earnings | -$144.2M | -$137.5M | -$117.7M | -$92.0M | -$68.7M | -$90.0M | -$87.4M | -$77.4M | -$61.9M | -$49.7M |
| Total equity | $2.4M | -$9.0M | $11.4M | $36.3M | $55.9M | $14.4M | -$6.3M | -$1.4M | $863.7K | $7.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.4M | -$5.4M | -$9.9M | -$18.6M | -$17.8M | -$13.3M | -$1.1M | -$9.0M | -$6.4M | -$5.9M |
| Depreciation and amortisation | $194.4K | $537.6K | $711.1K | $2.2M | $822.5K | $62.0K | $254.5K | $385.1K | $558.4K | $531.0K |
| Stock-based compensation | $39.6K | $128.5K | $452.1K | $1.3M | $1.6M | $1.5M | $2.1M | $2.3M | $1.8M | $1.6M |
| Capital expenditure | $258.1K | $28.8K | — | $2.1M | $6.4M | $621.9K | $204.0K | $42.5K | $322.7K | $340.7K |
| Investing cash flow | -$350.7K | $378.8K | -$240.7K | -$2.9M | -$19.1M | -$1.5M | -$266.1K | -$70.9K | -$476.2K | -$940.7K |
| Financing cash flow | $9.3M | $4.6M | $7.4M | -$7.0M | $64.6M | $18.8M | -$1.8M | $12.1M | $3.0M | $3.8M |
| Buybacks | — | — | — | $4.0M | $2.0M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-016236.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.6M | $14.6M | $11.3M | $10.4M | $10.5M | $21.4M | $37.0M | $28.2M | $13.5M | $13.8M |
| Gross profit | $5.3M | $4.5M | $4.0M | $3.2M | $4.1M | $5.7M | $2.3M | $5.8M | $3.1M | $1.3M |
| Net income | -$12.7M | -$12.3M | -$15.5M | -$10.0M | -$2.6M | $25.5M | -$18.9M | -$25.5M | -$19.8M | -$6.7M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Unregistered share sale Item 3.02
- Material agreement signed Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Other event Item 8.01
- Material agreement signed Item 1.01
- Other event Item 8.01
- Material agreement signed Item 1.01
- Other event Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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