Loading...
•
Dec 31, 2022
Vislink Q4 2022 Earnings Report
Reported preliminary unaudited full year 2022 financial results, highlighting strong growth in public safety and live broadcast markets.
Key Takeaways
Vislink reported preliminary unaudited full year 2022 financial results, showcasing a refreshed go-to-market strategy and growth in the sports and entertainment, as well as public safety markets. The company achieved underlying revenue growth of 40% and 31%, respectively, in these areas in 2022.
Implemented a refreshed go-to-market strategy.
Focused on live production and public safety growth markets.
Targeting a 90/10 revenue split between hardware vs. software and services in 2023.
Appointed Paul Norridge as the new chief financial officer (CFO), effective April 1, 2023.
Vislink
Vislink
Forward Guidance
Vislink will continue to focus its sales initiatives more heavily in the sports and entertainment as well as public safety markets. The company anticipates these markets continuing their solid trajectory in 2023 and aims to achieve approximately 10% software and services revenue contribution by the end of this year.
Positive Outlook
- Increasing demand for remote production and live content in sports and entertainment.
- Growing need to produce live events cost effectively.
- Building international sales pipeline in public safety.
- Received strong positive feedback for new products.
- Opportunity for a higher margin and recurring revenue software and services business.