Vislink Technologies, Inc. - VISL STOCK NEWS

Vislink (Nasdaq: VISL) has launched Vislink Connect™, a premium bonded cellular service aimed at enhancing live video production capabilities. This service features all-IP workflows for REMI production, delivering reliable, high-quality video transmission without upfront hardware costs. The service is positioned to meet the needs of professionals in news and sports production, offering flexible data plans and 24/7 global support. Following Vislink's acquisition of Mobile Viewpoint, this launch marks the first product from their combined efforts, as they focus on integrating advanced technologies including 5G and AI.

Vislink and Mobile Viewpoint will exhibit at CABSAT 2021 from October 26-28 at the Dubai World Trade Centre. This marks their first in-person event since their merger last August. CEO Mickey Miller expressed enthusiasm about showcasing their advanced wireless streaming solutions, focusing on technologies like bonded cellular and 5G. Featured products include the HCAM, Quantum, MSAT, and various AI-driven systems. Miller highlighted the Middle East as a significant growth area, emphasizing their reputation for low latency and robust performance.

Vislink (Nasdaq: VISL) announced on September 10, 2021, that CEO Mickey Miller will present at the H.C. Wainwright 23rd Annual Global Investment Conference, occurring virtually from September 13-15, 2021. The presentation will be available to registered attendees on demand starting September 13 at 7:00 AM ET. Additionally, Miller will engage in one-on-one meetings with registered investors. For registration and meeting bookings, interested parties can visit the conference website.

Vislink Technologies (NASDAQ: VISL) announced the grant of 200,000 restricted stock units (RSUs) to Michel Bais, Managing Director of Mobile Viewpoint B.V., as an inducement for employment. The RSUs are structured to vest over a 36-month period, with 25% vesting after one year and the remainder monthly, contingent upon Bais's ongoing employment. This move aligns with Nasdaq Listing Rule 5635(c)(4) and aims to enhance talent retention and align interests with shareholders.

Vislink (Nasdaq: VISL) reported a strong Q2 2021, with revenues reaching $7.6 million, an 85% increase from Q1 2021. The company significantly reduced its net loss to $834,000, compared to $2.7 million in Q1. Orders increased over 250% in the first half of 2021, aided by the acquisition of Mobile Viewpoint for $18.3 million and substantial contracts with the U.S. Department of Defense. EBITDA loss improved to $578,000 from $2.4 million in Q1, while gross margins grew to 52.8%. The company ended Q2 with $55.5 million in cash, supporting its growth strategy.

Vislink has successfully completed the acquisition of Mobile Viewpoint for $18.3 million (€15.5 million), enhancing its position in the live video market. The acquisition involves a €14.8 million stock purchase and €700,000 in assumed debt. Mobile Viewpoint, known for its innovative mobile live streaming solutions, will expand Vislink's capabilities in 5G and AI technologies. This strategic move aims to meet the surging demand for high-quality live video and leverage emerging networks.

Vislink (Nasdaq: VISL) plans to release its financial results for the quarter ended June 30, 2021, on August 16, 2021. A live webcast will be held on August 17, 2021, at 10:00 a.m. ET, where management will discuss the company's performance and provide updates on business operations.

Vislink specializes in high-quality video and data collection, serving broadcast, surveillance, and defense markets. The company's ongoing focus on technology solutions aims to enhance video intelligence for various applications.

Vislink (Nasdaq: VISL) announced impressive initial sales exceeding $6 million for three new products launched in 2021: IP Link 3.0, Quantum Receiver, and DVE 6100, all released in Q1. These results surpass company forecasts and reflect strong customer demand and market traction. The IP Link 3.0 offers advanced studio-transmitter linking, while the Quantum Receiver improves workflows in live video production. The DVE 6100 enhances satellite communications efficiency, targeting various sectors including broadcast and defense.

Vislink (NASDAQ: VISL) announces that its 2021 Annual Meeting of Stockholders was adjourned without conducting any business due to lack of quorum. The meeting is rescheduled for August 18, 2021, at 9:00 a.m. ET, allowing stockholders more time to vote on proposals outlined in the proxy statement filed with the SEC. The meeting will occur virtually at the same link. Stockholder participation is crucial, and assistance for proxy submission is available by calling Kingsdale Advisors.