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Sep 30, 2020
Vislink Q3 2020 Earnings Report
Vislink Technologies' financial performance was affected by the COVID-19 pandemic, which limited growth and softened demand. However, the company implemented cost reduction measures to mitigate the effects of the downturn and conserve cash.
Key Takeaways
Vislink Technologies reported that the COVID-19 pandemic limited growth and softened demand in key markets. The company responded by streamlining operations and implementing cost reduction measures expected to achieve $5 million in savings.
The COVID-19 pandemic limited growth and softened demand in key Live Production and MilGov markets.
The pandemic impacted the supply chain, leading to interruptions in receiving components.
The company redoubled efforts to streamline all aspects of the business and realized additional operational efficiencies.
Vislink introduced two new product lines: the DVE/IRD satcom encoder/decoder, and the IP Link 3.0 digital microwave system.
Forward Guidance
Vislink anticipates a return to normalcy in the industries they serve, leveraging their experience in covering major events, and remains cautiously optimistic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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