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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 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.
Vislink (Nasdaq: VISL) is set to showcase its latest AI-driven remote production solutions at NAB 2022 in Las Vegas. Highlights include the IQ Sports Producer and VPilot systems, which streamline live sports and content production without on-site staff. With advanced AI action-tracking technology, these systems aim to reduce production costs while enhancing video quality. This innovation opens new revenue streams for content owners, allowing wider audience reach across various platforms. CEO Mickey Miller emphasizes the cost-effective opportunities for monetizing content through automated production.
Vislink (Nasdaq: VISL) has announced the launch of the AeroLink Transceiver, a new product within its Airborne Video Downlink System (AVDS). Debuting at the HAI HELI-EXPO 2022 in Dallas, this solution aims to enhance real-time video communications for public safety, military, and broadcast sectors. AeroLink offers features like secure, bi-directional workflows, versatile support for various networks including COFDM and 5G, and advanced AES encryption. Pre-orders are now available through Vislink and its partners.
Vislink (Nasdaq: VISL) will showcase its latest innovations in aerial-based video communications for public safety and broadcasting at the HAI HELI-EXPO 2022 in Dallas, TX, from March 7-10.
Key features include the Quantum Receiver integrated into the Airborne Video Downlink System (AVDS), enhancing capabilities for the MilGov sector. The AVDS allows for real-time video streaming through various networks, ensuring robust situational awareness and operational flexibility. CEO Mickey Miller highlighted the system's compatibility with existing aircraft platforms.
Vislink (Nasdaq: VISL) will showcase its advanced 5G technologies at the Mobile World Congress 2022 in Barcelona from February 28 to March 3. Partnering with Dorna Sports and MotoGP, Vislink aims to enhance sports broadcasting with cutting-edge solutions, evidenced by their role in the first standalone 5G network test at Silverstone. The event coincides with the starting of the 2022 MotoGP World Championship in Qatar, marking a significant opportunity for Vislink to demonstrate its capabilities in delivering high-quality live video.
Vislink Technologies (Nasdaq: VISL) announced the launch of the Mobile Viewpoint Stellar Cam, an AI-powered camera designed for live sports production. This durable, weatherproof camera offers ultra-high resolution and high frame rates, catering to the growing demand for automated coverage in sports. It will be showcased at the NCAA 2022 Convention Trade Show on January 20-21, 2022. The Stellar Cam integrates with the IQ Sports Producer platform, enabling cost-effective streaming of various sports without needing onsite staff.
Vislink Technologies, Inc. (NASDAQ: VISL) announced the grant of 200,000 restricted stock units (RSUs) to Ronnie Hamilton, Vice President of Global Operations, as an employment incentive. This award, made outside existing equity plans, is compliant with Nasdaq Listing Rule 5635(c)(4). Vesting occurs in three stages: 33.33% after one year and the remaining 66.66% in monthly installments over two years, contingent on Hamilton's continued employment. This decision underlines Vislink's commitment to attracting key talent in the technology sector.
Vislink (Nasdaq: VISL) announced significant technological advancements following its integration with Mobile Viewpoint. The updates focus on IP and AI technologies, enhancing live video production. Key enhancements include the integration of the Quantum receiver with the Mobile Viewpoint LinkMatrix platform, improved 5G capabilities, and the addition of PTZ control for enhanced sports coverage. These innovations aim to reduce production costs and create new revenue streams, showcasing Vislink's commitment to customer-focused advancements in the media and entertainment sector.
Vislink (Nasdaq: VISL) has launched its latest product, BaseLink 5G, a mobile encoder designed for remote production and live streaming. This innovative device utilizes advanced bonded cellular and 5G technologies to offer high-quality video transmission for small and mid-sized broadcasters. Key features include support for up to six 5G modems, dual Ethernet ports, expanded local storage, and rugged design. BaseLink 5G aims to empower content creators to produce and stream compelling content affordably, aligning with the rising demand for high-quality live video across various platforms.
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