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Dec 31, 2023
Vislink Q4 2023 Earnings Report
Vislink's fourth quarter and full year results for 2023 were reported, highlighting a 75% year-over-year revenue growth in MilGov markets for the year. Management forecasts improved cash flow and significant revenue expansion in 2024.
Key Takeaways
Vislink reported its Q4 and full year 2023 results, noting a pivotal year with groundwork laid for accelerated revenue growth and cash flow neutrality in 2024. A key highlight was the 75% year-over-year revenue growth in the MilGov space and the strategic acquisition of BMS assets.
Advanced presence in the AVDS market, with 75% year-over-year revenue growth in the MilGov space.
Finalized the strategic acquisition of BMS assets, expanding reach within the MilGov market, especially in EMEA.
Launched Air-to-Anywhere™ in the AVDS platform, integrating AI for advanced analytics and new recurring revenue streams.
High-margin software and services revenue climbed above 10% of total revenue in 2023.
Vislink
Vislink
Forward Guidance
Vislink anticipates improved cash flow and significant revenue expansion in 2024, supported by a strong sales pipeline and operational improvements.
Positive Outlook
- Vislink entered 2024 in a strong position, with a $48 million weighted sales pipeline.
- Highest backlog since the pandemic, giving ample opportunity for growth in 2024.
- Operational improvements have set the stage to capitalize on opportunities.
- Notable increase in year-over-year bookings at the start of the year.
- Actively driving software and services sales, with positive market response to latest innovations.