Vislink Technologies, Inc. - VISL STOCK NEWS

Vislink (NASDAQ: VISL) reported a significant revenue increase of 75%, reaching $7.2 million for Q1 2022, up from $4.1 million in Q1 2021. Gross margins improved to 52% compared to 46% the previous year. Despite these gains, the company faced a net loss of $2.8 million or $(0.06) per share, slightly higher than the $2.7 million loss in 2021. EBITDA also showed improvement, at negative $1.3 million versus negative $2.4 million last year. The company ended Q1 2022 with $31 million in cash, down from $36.2 million at year-end 2021.

Vislink (Nasdaq: VISL), a technology leader in live video solutions for law enforcement and defense, will showcase its new AeroLink transmitter and Quantum receiver at Milipol Asia-Pacific and Milipol Qatar from May 18-26, 2022. The AeroLink system supports COFDM, MESH, and 5G networks and includes advanced security features. The Quantum receiver enhances video downlink reliability, offering high-quality UHD and HD decode support. This participation highlights Vislink's commitment to meeting the needs of military and law enforcement organizations in dynamic environments.

Vislink (Nasdaq: VISL) will announce its first quarter 2022 earnings on May 16, 2022, post-market close. A live video conference call is scheduled for May 17, 2022, at 10:00 a.m. Eastern, to discuss the results and include a Q&A session. Interested parties can access the call through the provided link. Vislink specializes in high-quality, live video and data management, serving various sectors such as media, law enforcement, and defense. Their innovative solutions include mobile streaming technologies and professional services.

Vislink (Nasdaq: VISL) announced the launch of its new AeroLink downlink solution, designed for live news and sports coverage. Showcased at NAB 2022, AeroLink supports real-time connectivity and 4K video quality, aimed at enhancing broadcasting capabilities. It features bi-directional data transmission and integrates with other Vislink systems. The solution is now available for pre-ordering, targeting public safety operations and media professionals.

Vislink (Nasdaq: VISL) has announced a partnership with Hitachi Kokusai Electric Comark LLC, designating COMARK as an authorized reseller and integrator for its video solutions in NextGenTV deployments. This collaboration aims to enhance the North American broadcast DTV market, focusing on the migration from ATSC 1.0 to 3.0. COMARK will provide Vislink's ATSC 3.0 ready video microwave system, IPLink 3.0, facilitating a smooth transition to IP-centric architecture. The partnership leverages COMARK's extensive industry experience and aims to deliver innovative broadcasting solutions.

Vislink (Nasdaq: VISL) is set to showcase its new Quantum-Link Matrix System at NAB 2022 in Las Vegas, from April 23-27. This innovative solution integrates COFDM wireless camera systems and bonded cellular/5G roaming camera systems, streamlining content capture for live events. CEO Mickey Miller emphasized the need for optimized workflows to enhance live video dissemination. The system allows users to manage multiple camera feeds and supports remote control functions, making it a significant advancement for broadcast and media professionals.

Vislink (Nasdaq: VISL) issued a correction to its March 31, 2022 earnings release, affecting the deferred tax liability from the acquisition of Mobile Viewpoint. This correction results in an increase in goodwill impairment. For the year ended December 31, 2021, the company reported revenue of $33.8 million, up from $22.9 million in 2020. Gross margins improved to 55.2%. However, the net loss attributable to shareholders was $16.4 million, or $(0.38) per share, a slight improvement from a $17.6 million loss in 2020. Non-recurring items accounted for $14.5 million of the loss.

Vislink (Nasdaq: VISL) reported a 48% increase in revenue for the year ended December 31, 2021, reaching $33.8 million compared to $22.9 million in 2020. The company recorded a net loss of $15.4 million or $(0.35) per share, an improvement from a loss of $(1.19) per share the previous year. Gross margins improved to 55.2% from 39.4%. Notably, Vislink ended the year with $36.2 million in cash and achieved positive cash flow for two consecutive quarters, exclusive of non-recurring items. The company expects to leverage growth opportunities in the sports and defense sectors.

Vislink (Nasdaq: VISL) announces it will release its full year 2021 earnings on March 31, 2022, after market close. A live video conference call to discuss the results will take place on April 1, 2022, at 10:00 a.m. ET, followed by a Q&A session. The earnings report will provide insights into the company's performance across its core sectors: media, entertainment, law enforcement, and defense. Investors can access the conference call through a provided link, with an archived replay available afterward.