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) has secured over $2 million in orders for high-definition airborne video downlink systems from law enforcement agencies in the U.S. and Canada. This order includes comprehensive surveillance transmission systems and tactical handheld devices, reflecting Vislink's commitment to serving military and law enforcement with reliable real-time intelligence solutions. The technology, particularly the AeroLink transceiver, ensures high video quality and connectivity. Vislink continues to deliver advanced video solutions for secure, cloud-based situational awareness.
Vislink (Nasdaq: VISL) has announced its 2022 Annual Meeting of Stockholders to be held virtually on December 27, 2022, at 11:00 a.m. EST. Shareholders can access the meeting via a live audio webcast, with access starting 15 minutes prior. The announcement highlights Vislink's commitment to delivering high-quality live video solutions across various sectors, including media, law enforcement, and defense. The company emphasizes its innovative technologies and strategic vision for the future, catering to a diverse client base.
Vislink Technologies, Inc. (NASDAQ: VISL) announced the appointment of Jonathan Robbins as Regional Sales Manager for the U.S. Robbins brings over 16 years of experience in selling broadcast technologies and will focus on the Mobile Viewpoint portfolio, including AI-powered solutions. The company will exhibit at the upcoming SVG Summit in New York City, showcasing innovations in live video production. With a history of over 50 years, Vislink continues to provide advanced video solutions for various sectors, including broadcast and government.
Vislink (Nasdaq: VISL) reported Q3 2022 revenues of $7.1 million, down from $11.2 million in Q3 2021. The net loss was $2.7 million, or $(0.06) per share, compared to a net income of $676,000, or $(0.01) per share a year ago. Despite these declines, CEO Carleton Miller noted a 42% revenue increase in live news, sports, and entertainment markets, driven by innovative products. The company ended Q3 with $24 million in cash and announced a dividend of Series A Preferred Stock, to be issued on November 22, 2022.
Vislink Technologies, Inc. (NASDAQ: VISL) announced a dividend of one one-thousandth of a share of newly designated Series A Preferred Stock for each outstanding share of common stock as of November 21, 2022. The Series A Preferred Stock will grant 1,000,000 votes per share on the proposal for a reverse stock split, but no votes on other matters. Uncertificated shares will be redeemed if not represented at the special meeting for the reverse stock split. Further details will be available in a forthcoming 8-K filing and proxy statement.
Vislink (Nasdaq: VISL) will release its third quarter 2022 financial results on November 14, 2022, after market close. A live video conference is scheduled for November 15, 2022, at 10:00 AM Eastern Time to discuss these results, followed by a Q&A session. The call can be accessed via a dedicated link. Vislink specializes in high-quality video capture, delivery, and management, serving the media & entertainment, law enforcement, and defense sectors. The company's stock is publicly traded under the ticker symbol VISL.
Vislink (Nasdaq: VISL) will showcase new AI solutions, including the AI Clipper Studio toolkit and updates to the IQ Sports Producer, at the upcoming Sportel Monaco 2022, from October 24-26. The AI Clipper Studio will help in creating highlights from live sports, while the IQ Sports Producer offers automated broadcast capabilities without the need for an onsite crew. A partnership with StreamViral will enhance their content delivery, targeting increased fan engagement and subscription opportunities.
Vislink (NASDAQ: VISL) will present at NAB New York 2022 on October 19-20, showcasing its latest AI, 5G, and REMI solutions for live content production and distribution. CEO Mickey Miller will participate in panel discussions, highlighting innovations like the Vislink 5G 4Live, a comprehensive remote production system for premium-quality 5G connectivity. The company emphasizes enhanced live event coverage and SRT capabilities for reduced latency. The event aims to demonstrate how these technologies can generate new revenue streams at lower costs.
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