Vislink Technologies Inc
NASDAQ:VISL

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Vislink Technologies Inc
NASDAQ:VISL
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Price: 2.08 USD Market Closed
Market Cap: 5.1m USD

Vislink Technologies Inc
Investor Relations

Vislink Technologies, Inc. engages in the design and development of wireless communications solutions. The company is headquartered in Hackettstown, New Jersey and currently employs 131 full-time employees. The company went IPO on 2006-11-20. The firm specializes in collecting, delivering, and managing live video and associated data from the action scene to the viewing screen. The company provides solutions for collecting live news, sports, and entertainment events for the broadcast markets. The firm also furnishes the surveillance and defense markets with real-time video intelligence solutions using various transmission products. The company also provides professional and technical services to terrestrial microwave, satellite, fiber optic, surveillance, and wireless communications systems. The company offers hardware and software solutions to acquire, produce, contribute, and deliver video over all private and public networks. The firm provides solutions that utilize A.I. (Artificial Intelligence) technologies to provide automated coverage of news and sporting events. Its Connected edge solutions include live video encoding, stream adaptation, and decode and production solutions.

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Last Earnings Call
Fiscal Period
Q4 2024
Call Date
May 2, 2025
AI Summary
Q4 2024

Q4 Revenue Drop: Fourth quarter revenue fell sharply to $3.4 million, down from $7.1 million in the prior quarter, due to challenges in Live Production, delays in MilGov, and facility consolidation.

Yearly Revenue Flat: Full year 2024 revenue was $27.7 million, nearly flat compared to $27.5 million in 2023.

Heavy Losses: Significant net loss of $20.5 million for 2024, with $6.8 million attributed to impairment charges on inventory and assets.

Restructuring Actions: Major cost cutting, product line rationalization, and consolidation expected to generate about $10 million in annual savings; company voluntarily delisted from NASDAQ to save costs.

MilGov Momentum: Bookings in the MilGov sector grew over 70%, with notable multimillion dollar orders and adoption of AeroLink and Aero5 systems.

Service Revenue Growth: Over $900,000 in recurring service revenue added in 2024 as Vislink shifts towards more predictable, high-margin income.

Innovation Highlighted: Continued focus on new product launches, including airborne and 5G solutions, and recognition at industry awards.

Cash Flow Outlook: Management expects to reach cash flow positivity by the end of 2025.

Key Financials
Revenue
$3.4 million
Revenue
$27.7 million
Gross Profit
$300,000
Gross Profit Margin
8.8%
Gross Profit (Full Year)
$13.8 million
Gross Profit Margin (Full Year)
49.7%
Total Expenses (Q4)
$17.4 million
Total Expenses (Full Year)
$49.2 million
Operating Loss (Q4)
$14.1 million
Operating Loss (Full Year)
$21.5 million
Net Loss (Q4)
$14.3 million
Net Loss Per Share (Q4)
$5.82
Net Loss (Full Year)
$20.5 million
Net Loss Per Share (Full Year)
$8.35
Inventory and Asset Impairment
$6.8 million
EBITDA (Full Year)
loss of $19.8 million
Adjusted EBITDA (Full Year)
loss of $11.9 million
Cash and Short-Term Investments
$6.5 million
Working Capital
$13 million
Service Revenue (Recurring, 2024)
$900,000
MilGov Bookings Growth
over 70%
Cost Savings from Restructuring
$10 million yearly (expected)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Carleton M. Miller
CEO, President & Director
No Bio Available
Mr. Michael C. Bond
Chief Financial Officer
No Bio Available
Mr. Donnie Gillman
VP of Operations
No Bio Available
Mr. Joseph T. Lipowski
Chief Technology Officer
No Bio Available
Mr. Benjamin H. Dickens Jr.
General Counsel
No Bio Available
Mr. Bill Sweeney
SVP of Sales
No Bio Available
Mr. Adrian Lambert
Vice President of Marketing
No Bio Available
Kimberly Iadevaia
Vice President of Human Resources
No Bio Available
Mr. Michel Bais
Chief Product Officer
No Bio Available
Mr. Louis T. Fiore
Consultant & Member of Advisory Board
No Bio Available

Contacts

Address
NEW JERSEY
Hackettstown
101 Bilby Road, Suite 15, Building. 2
Contacts
+19419539035.0
www.vislink.com