Vislink Technologies, Inc. - VISL STOCK NEWS

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.

Vislink Technologies has appointed Donnie Gilliam as Vice President of Operations, effective June 19, 2024. Gilliam, who brings extensive experience in operations and service within high-growth companies, will focus on enhancing customer satisfaction, reducing costs, and improving working capital. Previously, he held key roles at HM Electronics, Clear-Com, and Spectralink , contributing significantly to their operational growth. Gilliam's expertise in lean manufacturing, quality, and supply chain management will be instrumental in optimizing Vislink’s operational efficiency and supporting its growth objectives. He is also a member of the Western Regional Board of the Association for Manufacturing Excellence (AME).

Vislink Technologies announced that on June 17, 2024, Donald Gilliam was granted 24,543 restricted stock units (RSUs) as an inducement to become the Vice President of Operations. These RSUs, granted outside the existing equity plans, are split equally between time-based and performance-based awards, as per Nasdaq Listing Rule 5635(c)(4). The time-based RSUs will vest over three years, while the performance-based RSUs will vest based on specific performance metrics set by the Board of Directors or Compensation Committee by August 31, 2024, contingent on Mr. Gilliam’s continued employment.

Vislink Technologies (Nasdaq: VISL) has launched the INCAM-GV RF and 5G wireless transmitters for Grass Valley's new LDX 135 RF and LDX 150 RF cameras. This marks a significant advancement in live production technology, offering enhanced production freedom, flexibility, and high image quality. The INCAM-GV supports HEVC 4K UHD and HDR-ready wireless systems, ensuring compatibility with various broadcast formats like 4K UHD, 1080p, 1080i, and 720p. This innovation promises high-quality, immersive viewing experiences for modern broadcasting. Vislink's INCAM-GV will be showcased at the SVG College Summit in Atlanta and Broadcast Asia in Singapore.

Vislink Technologies reported a 20% increase in total revenue to $8.6 million for Q1 2024, driven by a surge in sales to military and government customers. Gross margin improved from 54% to 59%, and net loss narrowed to $0.9 million from $1.8 million, or $0.39 per share from $0.80 per share. The company held $13.8 million in cash and short-term investments and $31.2 million in working capital as of March 31, 2024.

Operational highlights include increased sales to MilGov customers, launch of products like Air-to-Anywhere™ and DragonFly V, and growth in service/software revenue. The company also expanded its presence in the drone command and control market and received

Vislink Technologies, Inc. will report its first-quarter 2024 financial results on May 15, 2024, at 8:30 a.m. ET. The company specializes in live video and data management for media, law enforcement, and defense industries. A conference call will be held to discuss the results, and questions can be submitted in advance.

Vislink Technologies, Inc. introduces DragonFly V, an ultra-compact HEVC HDR COFDM transmitter, revolutionizing live video capture with its small size, weight, and powerful features. The transmitter offers high-definition HDR video transmission, low latency, and supports video formats up to 1080P-50/60 HDR. DragonFly V's versatility, energy-efficient design, and comprehensive control make it a game-changer in live broadcast technology, catering to various applications like sports, entertainment, and public safety.

Vislink Technologies, Inc. reports 75% year-over-year revenue growth in MilGov markets for 2023 and forecasts improved cash flow and significant revenue expansion in 2024. The company achieved key milestones such as acquiring Broadcast Microwave Services, launching Air-to-Anywhere™, solidifying presence in the drone market, increasing Software and Services revenue, and appointing a new Managing Director for its MilGov business. Financially, revenue increased to $8.1 million in Q4 2023, with a gross margin of 46%. For full year 2023, revenue was $27.5 million with a gross margin of 51%. Net loss improved to $(9.1) million in 2023. EBITDA totaled $(9.0) million, and cash and short-term investments were $14.2 million at the end of 2023.