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Mar 31, 2021
Vislink Q1 2021 Earnings Report
Vislink reported financial results for the quarter ended March 31, 2021.
Key Takeaways
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.
Started to realize revenue from projects delayed or cancelled due to COVID-19.
Selected as a project supplier to upgrade Alabama Public Television, debuting IP Link 3.0.
Received a U.S. Department of Defense order for ruggedized video communications equipment.
Launched the Quantum wireless camera receiver, expected to be deployed at tier-1 events.
Vislink
Vislink
Forward Guidance
Vislink anticipates maximizing revenues, regrowing the business, and delivering shareholder value for the remainder of the year and beyond, driven by considerable opportunities and a return to normalcy in live events.
Positive Outlook
- Significant cost and operational improvements have been executed.
- Significantly higher quoting activity for new projects is being observed.
- Live in-person sports and entertainment events are reopening.
- Bookings to date are higher than in all of 2020.
- Orders being placed are for delivery in the 2021 timeframe.