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Vislink Technologies, Inc. (NASDAQ: VISL) is a global technology leader specializing in the collection, delivery, and management of high-quality live video and associated data. With a strong presence in the broadcast and surveillance markets, Vislink provides cutting-edge solutions for live news, sports, and entertainment events. The company's products are also vital for defense, law enforcement, and public safety customers, ensuring real-time video intelligence and situational awareness.
Headquartered in the USA, Vislink operates across several continents including the UK, Australia, UAE, South Africa, and Singapore, employing over 250 professionals worldwide. The company excels in the design and manufacture of microwave radio, satellite transmission, cellular, and wireless camera systems, with development and manufacturing primarily located in the UK and the USA.
Vislink is renowned for its innovative and reliable technology that enables seamless video transmission from the field to the viewing platform. Recent achievements include advancements in microwave and wireless camera systems, expanding their product line to offer even more robust solutions for their diverse clientele. Current projects focus on enhancing real-time video communication capabilities, leveraging the latest advancements in satellite and cellular technology.
The company operates under the trading name IMT Ltd, a wholly-owned subsidiary of xG Technology Inc., and is committed to maintaining a competitive edge through continuous innovation and customer-focused solutions.
Vislink Technologies reported Q3 2024 financial results with revenue of $7.1 million, slightly down from $7.2 million in Q3 2023. However, year-to-date revenue increased 26% to $24.4 million. The company reported a net loss of $(3.0) million or $(1.22) per share, compared to $(2.0) million in the prior year period. Gross margin decreased to 51% from 54%. Cash position stood at $9.2 million.
The company implemented a restructuring plan expected to achieve over $6 million in annualized cost savings starting Q4 2024. Notable developments include increased adoption of AeroLink transceiver, initial deployment of Q-Link airborne system, and a $340,000 order from the U.S. Department of Homeland Security.
Vislink Technologies (Nasdaq: VISL), a global technology leader in live video capture and management, has scheduled its Q3 2024 earnings conference call for Thursday, November 14, 2024, at 8:30 a.m. ET. The financial results for the quarter ended September 30, 2024, will be released via press release before the call. Management will host a presentation followed by Q&A, with investors able to submit questions in advance to investors@vislink.com by November 11, 2024. The call will be accessible via toll-free and international numbers, with a webcast available through the company's Investor Relations website. A replay will be available until November 28, 2024.
Vislink Technologies (NASDAQ: VISL) has appointed Mather Al-Ali as Vice President of Sales for the Middle East and Africa (MEA) region. With over 20 years of experience in regional MEA sales leadership, Mather will focus on driving sales across all Vislink solutions, particularly in the defense, military, and public safety sectors.
Mather's extensive background includes key account management, channel management, and regional strategy planning in defense, government, maritime, telecommunications, and broadcast sectors. He previously held senior sales positions at companies like Halo Maritime Defense Systems, Wartsila Voyage, and ST Engineering. Notably, Mather was part of the Vislink team from 2008 to 2013 as Regional Sales Director for MEA.
Mickey Miller, CEO of Vislink, expressed confidence in Mather's ability to expand the company's presence in the MEA region and drive growth in defense and public safety solutions.
Vislink Technologies, Inc. (NASDAQ: VISL), a global leader in live video solutions, has unveiled a modernized brand identity and redesigned website. This digital marketing initiative aims to elevate brand awareness, differentiate Vislink from competitors, and provide an enhanced user experience for customers.
The new website at www.vislink.com features a sleek interface with improved navigation, showcasing Vislink's comprehensive range of live video solutions. It offers detailed product information, case studies, and easy access to resources for broadcasters, public safety professionals, and defense clients.
CEO Mickey Miller stated that this rebranding represents a key milestone for Vislink, designed to support the company's ambitious growth objectives by attracting new clients and improving the digital experience for existing customers. The initiative underscores Vislink's commitment to innovation and industry leadership.
Vislink Technologies (NASDAQ: VISL) is set to showcase its cutting-edge solutions at IBC 2024, focusing on the theme 'Taking Live Video Content Further'. The company will debut two new wireless transmitters: the DragonFly V, a miniature HEVC HDR COFDM transmitter for PoV cameras, UAVs, and body-worn devices, and the INCAM-GV, available in RF and 5G versions, compatible with Grass Valley's LDX 100 Series cameras.
Vislink will also present the enhanced Cliq OFDM transmitter with DVB-T2 support and demonstrate an A2RL AI racing car to showcase their transmitters' capabilities in high-speed racing events. The company's innovations span COFDM, 5G, AI, and cloud production technologies, aiming to redefine live event production with improved reliability, efficiency, and creative possibilities.
Vislink Technologies (NASDAQ: VISL) has appointed Joseph Lipowski as its new Chief Technology Officer (CTO). Lipowski, an expert in RF and wireless technology, brings over 20 years of experience leading technical teams and solving complex communication challenges. He will focus on advancing Vislink's technological offerings, particularly the next-generation platform for radio-agnostic crewed and uncrewed aerial command, control, and video systems.
Lipowski's previous roles include Co-Founder and CTO at Starry, Inc. and Aereo, Inc., as well as senior engineering positions at LoJack, Lucent, and Andrew He holds an M.S. in Electrical Engineering from the University of Michigan and a B.S. from MIT. Vislink CEO Mickey Miller expressed enthusiasm about Lipowski joining the team, citing his expertise as important for maintaining the company's industry leadership.
Vislink Technologies, Inc. (Nasdaq: VISL) has announced an inducement grant to Joseph Lipowski, who joined the company as Chief Technology Officer on August 29, 2024. The grant, made outside existing equity compensation plans, consists of 10,000 restricted stock units (RSUs) in accordance with Nasdaq Listing Rule 5635(c)(4).
The RSUs are split equally between time-based and performance-based vesting:
- 50% time-based: Vesting in three equal annual installments over three years
- 50% performance-based: Vesting in three equal tranches upon meeting specific performance metrics to be set by November 7, 2024
Vesting is subject to Mr. Lipowski's continued employment. Upon vesting, the RSUs will be settled in Vislink common stock.
Vislink Technologies (Nasdaq: VISL), a global leader in live video capture and delivery technology, has announced its participation in the 2024 Annual Gateway Conference. The event is scheduled for September 4-5 at the Four Seasons Hotel in San Francisco, CA. Mickey Miller, Vislink's CEO, will be available for one-on-one meetings on September 4th.
Vislink specializes in high-quality, live video and data management for the media and entertainment, public safety, and defense markets. This conference participation provides an opportunity for investors and industry professionals to engage directly with the company's leadership. Those interested in attending or scheduling meetings can contact the conference organizers via email.
Vislink Technologies reported a 73% year-over-year increase in Q2 2024 revenue to $8.7 million. The revenue surge was driven by robust sales to MilGov and Live Production customers. The gross margin rose to 56%, reflecting greater operational efficiency. Net loss improved to $(2.3) million, from $(3.0) million in Q2 2023. Cash and short-term investments stood at $11.5 million, down from $14.2 million in Q1 2024, mainly due to delayed revenue recognition for MilGov customers.
Operational highlights include securing significant MilGov orders, growing the weighted sales pipeline to $51 million, and obtaining NATO Stock Numbers for AVDS products. Vislink also intensified R&D investments in the Drone Command and Control market. The company aims to achieve cash flow neutrality by the end of 2024 and positive cash flow in 2025.
Vislink Technologies, Inc. (Nasdaq: VISL), a global technology leader in live video capture and management, has announced its upcoming second quarter 2024 financial results conference call. The call is scheduled for Wednesday, August 14, 2024, at 8:30 a.m. Eastern Time. Financial results for the quarter ended June 30, 2024, will be released prior to the call.
Vislink management will host the presentation and address pre-submitted questions from investors. The call will be accessible via toll-free and international numbers, as well as a webcast. A replay of the conference call will be available until August 28, 2024. This event provides an opportunity for shareholders and analysts to gain insights into Vislink's financial performance and strategic direction.
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