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Jun 30, 2024
Vislink Q2 2024 Earnings Report
Vislink's Q2 2024 financial results showed significant revenue growth.
Key Takeaways
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.
Revenue increased by 73% year-over-year, reaching $8.7 million.
The weighted sales pipeline grew to $51 million.
Shipments were made to U.S. Customs and Border Protection and other MilGov End Users and OEMs.
The company is increasing investment in R&D to strengthen its position in aerial and terrestrial solutions.
Vislink
Vislink
Forward Guidance
Vislink anticipates further improvements in supply chain efficiency and operational performance with the upcoming launch of their upgraded and unified ERP system. They aim to enhance gross margins and reduce operating costs, targeting cash flow neutrality by the end of 2024 and positive cash flow in 2025.
Positive Outlook
- Improvements in supply chain efficiency and operational performance.
- Enhancement of gross margins.
- Reduction of operating costs.
- Targeting cash flow neutrality by the end of 2024.
- Achieving positive cash flow in 2025.
Challenges Ahead
- Timing for cash flow neutrality may vary due to R&D investments.
- Prioritization of incremental R&D investments.
- Potential impact on short-term cash flow targets.
- Dependence on operational improvements to offset R&D investment.
- Uncertainty regarding the exact timing of achieving positive cash flow.