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Mar 31, 2024
Vislink Q1 2024 Earnings Report
Vislink's financial performance improved in Q1 2024, driven by increased revenue and strategic initiatives.
Key Takeaways
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.
Revenue increased by 20% to $8.6 million, driven by the MilGov market.
Software and services revenue grew to 16% of total revenue.
The sales pipeline reached $48 million entering the second quarter.
The company is on track to achieve cash flow neutrality by the end of 2024 and aims to be cash flow positive in 2025.
Forward Guidance
Vislink is focused on rolling out newer products, increasing software and services revenue, and expanding its reach in the Drone Command and Control area. The company aims to achieve cash flow neutrality by the end of 2024 and be cash flow positive in 2025.
Positive Outlook
- Rolling out newer products such as Cliq, LiveLink, and DragonFly V.
- Increasing software and services revenue.
- Extending reach in the Drone Command and Control area.
- Aiming to achieve cash flow neutrality by the end of 2024.
- Aiming to be cash flow positive in 2025.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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