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Mar 31, 2023
Vislink Q1 2023 Earnings Report
Reported a 5% increase in total revenue and a 50% year-over-year growth in the core MilGov segment, driven by effective cost management which led to a 26% year-over-year increase in EBITDA.
Key Takeaways
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.
Delivered strong profitability improvements driven by continued cost management.
Experienced 50% growth in the MilGov segment.
Refined go-to-market motions are gaining traction, validated by a robust sales funnel.
Delivered first six AeroLink units to the field and anticipate doubling AeroLink delivery volume in the second quarter.
Vislink
Vislink
Forward Guidance
Vislink is confident in its ability to capitalize on deals in the coming quarters, driven by momentum in the public safety market and new product rollouts.
Positive Outlook
- Capitalizing on deals in the coming quarters.
- Momentum in the public safety market.
- Increased government funding.
- New product rollouts, including the Cliq OFDM mobile transmitter.
- Initiatives to increase recurring revenue and create additional revenue streams.