Welcome to our dedicated page for Vislink Technologies news (Ticker: VISL), a resource for investors and traders seeking the latest updates and insights on Vislink Technologies stock.
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 (Nasdaq: VISL) reported remarkable financial results for Q3 2021, with revenues reaching $11.2 million, a 133% increase year-over-year and 47% sequentially. The company achieved a positive EBITDA of $1.04 million, a significant turnaround from a - $2.4 million loss in Q3 2020. Net income was $676,000 compared to a net loss of - $2.8 million in the same quarter last year. Vislink ended the quarter with $38 million in cash, bolstered by the acquisition of Mobile Viewpoint for $18.3 million.
Vislink (Nasdaq: VISL) plans to release its Q3 2021 results on November 15, 2021, after market close. A live webcast will be held on November 16, 2021, at 10:00 a.m. ET to discuss the financial results and provide a business update. The company specializes in high-quality live video collection and management, serving broadcast, surveillance, and defense markets. Vislink emphasizes its technological advancements in real-time video intelligence and live streaming solutions.
Vislink and Mobile Viewpoint are set to exhibit at IBC 2021 from December 3-6 in Amsterdam, showcasing their new integrated product range post the Mobile Viewpoint acquisition. CEO Mickey Miller highlighted the evolution of video delivery through advanced technologies like 5G and AI. Key displays will include innovations in live video production, including the HCAM wireless camera and AI-assisted production systems. Visitors can expect insights into the future of video transport and production capabilities.
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.
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