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Jun 30, 2021
Vislink Q2 2021 Earnings Report
Reported an increase in revenues and a significant reduction in net loss.
Key Takeaways
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.
Revenues increased 85% over Q1 2021.
New bookings grew over 250% during the first half of 2021 compared to the corresponding period in 2020.
EBITDA loss significantly narrowed to $578,000 in Q2 2021.
Acquisition of Mobile Viewpoint is expected to play a major role in future growth.
Forward Guidance
Vislink is well-positioned for future growth and investment due to accelerating sales growth and strategic use of financial resources. The acquisition of Mobile Viewpoint will allow Vislink to leverage major market trends and needs.
Positive Outlook
- Accelerating sales growth
- Ongoing focus on cost containment
- Strategic use of financial resources
- Release of notable new products
- Acquisition of Mobile Viewpoint
Historical Earnings Impact
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Avg. Return Before/After Earnings
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