Vislink Q4 2023 Earnings Report
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-Anywhereâ„¢ 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.