Vislink Earnings Reports

Vislink reported a year-to-date revenue increase of 26%. The third quarter saw a decline in revenues due to seasonal softness in the Live Production sector, but the company is implementing a restructuring initiative expected to achieve over $6 million in annualized cost savings beginning in Q4 2024.

Vislink reported a 73% increase in revenue for Q2 2024, reaching $8.7 million, driven by advancements in the MilGov and Live Broadcast markets. The company's weighted sales pipeline grew to $51 million. They are targeting cash flow neutrality by the end of 2024.

Vislink reported a 20% increase in revenue to $8.6 million for Q1 2024, primarily driven by growth in the MilGov market. The company is focused on rolling out new products and increasing software and services revenue, with a goal of achieving cash flow neutrality by the end of 2024 and being cash flow positive in 2025.

Vislink reported its Q4 and full year 2023 results, noting a pivotal year with groundwork laid for accelerated revenue growth and cash flow neutrality in 2024. A key highlight was the 75% year-over-year revenue growth in the MilGov space and the strategic acquisition of BMS assets.

Vislink reported a revenue increase of 24.1% year-over-year to $12.6 million for Q3 2023. However, the company's net loss widened to $7.9 million, compared to $6.4 million in the same period last year. The results reflect growth in key areas but also increased expenses impacting profitability.

Vislink reported its Q2 2023 financial results, with a significant 91% year-over-year increase in the MilGov segment, reaching $1.2 million. The company is focusing on the public safety market and implementing cost-saving measures.

Vislink reported a 5% increase in total revenue, driven by a 50% growth in the MilGov segment, and improved profitability through cost management, resulting in a 26% increase in EBITDA.

Vislink reported preliminary unaudited full year 2022 financial results, showcasing a refreshed go-to-market strategy and growth in the sports and entertainment, as well as public safety markets. The company achieved underlying revenue growth of 40% and 31%, respectively, in these areas in 2022.

Vislink reported Q3 2022 financial results, noting that while overall performance was below expectations, there was a 42% revenue increase in the live news, sports, and entertainment sectors. The company is focusing on cost reduction and efficiency improvements to drive future positive results.

Vislink reported its Q2 2022 financial results, which were below expectations. However, the company noted improved business conditions in key markets and a strong business pipeline. They are implementing operational transformations to optimize processes and reduce costs.

Vislink reported a 75% increase in revenue compared to the previous year, driven by new product launches such as AeroLink and Stellar Cam, and enhancements to existing live production offerings.

Vislink reported a strong Q4 2021 with revenue reaching $11 million, a 64% increase over the prior year, and new bookings growing over 100% in 2021 compared to 2020. The company ended the year with two consecutive quarters of positive cash flow and finalized the acquisition of Mobile Viewpoint.

Vislink reported a strong third quarter with a 133% year-over-year and 47% sequential increase in revenue, reaching $11.2 million. The company also achieved over $1 million in positive EBITDA, driven by sustainable growth, financial discipline, and cost containment. The acquisition of Mobile Viewpoint expanded Vislink's capabilities and led to the launch of Vislink Connect.

Vislink reported an 85% increase in revenues compared to Q1 2021 and a significant reduction in net loss. New bookings grew over 250% during the first half of 2021 compared to last year. The company also narrowed its EBITDA loss to $578,000 compared to $2.4 million in the first quarter.

Vislink's Q1 2021 results reflect lower revenues but a substantially narrower loss due to significant cost and operational improvements. The company saw higher quoting activity and bookings exceeding all of 2020, indicating a return to normal as live events reopen.

Vislink reported a strong fourth quarter with revenues rebounding to almost $7 million, which represented the strongest quarter of the year. The company also completed the second phase of its financial restructuring, increasing liquidity and strengthening its financial position.

Vislink Technologies reported that the COVID-19 pandemic limited growth and softened demand in key markets. The company responded by streamlining operations and implementing cost reduction measures expected to achieve $5 million in savings.

Vislink Technologies reported an 11% increase in revenues and a $3.5 million improvement in EBITDA compared to Q1 2020, marking their best financial performance since the company's IPO. The company has completed the first phase of its turnaround, focusing on cost reduction and fiscal discipline.