Vislink Technologies, Inc. - VISL STOCK NEWS

Vislink, a global technology leader in live video and data management, will showcase its AI, 5G, and cloud-based REMI solutions at CABSAT 2023 in Dubai. The company aims to engage with decision makers in broadcast news, sports, public safety, and defense organizations, highlighting how their solutions can optimize workflows and monetize content. Key product offerings include miniature wireless transmitters, 5G camera-back and backpack encoders, and the award-winning 5G-Link for seamless communication between wireless cameras and production centers. Vislink will also showcase AI-automated systems, drone-ready transmitters, and cloud control platforms for centralized management of production workflows.

Vislink Technologies (Nasdaq: VISL) has appointed Gateway Group, Inc. to spearhead its investor relations program. This collaboration aims to refine the company’s messaging and enhance its corporate positioning within the financial community.

Gateway will provide strategic advisory services, help organize roadshows, and facilitate introductions to key institutional investors and analysts. CEO Mickey Miller emphasized Vislink's improved market stance following a transformational acquisition and successful product launches in 2022, with a focus on boosting recurring revenue through software and services sales.

With a $52 million sales pipeline primarily in public safety and live broadcast markets, this fresh approach is seen as vital for increasing visibility and expanding the shareholder base.

Vislink (Nasdaq: VISL) will showcase groundbreaking remote broadcasting technology at NAB 2023, introducing the world's first integrated COFDM and cellular bonding solution for remote production. Key innovations include the 5G-Link, which offers seamless bi-directional communication between wireless cameras and production centers, and an updated Quantum receiver, integrating COFDM and cellular bonding for enhanced efficiency. These advancements aim to optimize broadcasting workflows, particularly in high-demand environments, minimizing on-site support needs while enhancing production capabilities.

Vislink Technologies reported its preliminary unaudited results for 2022, revealing a revenue of $28.4 million, down from $33.9 million in 2021. The company's gross margins decreased to 47%, compared to 55% the previous year. However, Vislink achieved a 40% growth in public safety and a 31% increase in live production areas in 2022. The company plans to target a 90/10 revenue split between hardware and software/services in 2023, aiming for software to contribute around 10% of revenue, potentially increasing profit margins. Additionally, management announced the appointment of Paul Norridge as the new CFO, effective April 1, 2023.

Vislink Technologies (Nasdaq: VISL) will hold a live video conference on March 27, 2023, at 8:30 AM ET to discuss its financial results for Q4 and the full year ending December 31, 2022. Prior to the call, a press release will share the financial results. The management team will present the results, followed by a Q&A session. Registration is required at least 10 minutes before the call. Vislink specializes in the capture and delivery of live video across various sectors, including media and defense, and will deliver insights into its operational standing during the call.