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Vislink Announces Delisting from Nasdaq and Potential SEC Deregistration
Globenewswire· 2025-01-31 20:58
Core Viewpoint - Vislink Technologies, Inc. has announced its intention to voluntarily delist its common stock from the Nasdaq Capital Market, citing the lack of an active trading market and the associated regulatory burdens as key reasons for this decision [1][2]. Group 1: Delisting Announcement - The company plans to file a Form 25 with the SEC and Nasdaq around February 10, 2025, with the delisting becoming effective 10 days after the filing [1]. - The Board of Directors determined that delisting is in the best interest of the company and its shareholders after reviewing various factors [2]. Group 2: Future Trading and Market Presence - Post-delisting, the company expects its common stock to be quoted for trading on a market operated by the OTC Markets Group Inc., although there is no guarantee that a broker will maintain a market for the common stock [3]. Group 3: Management Perspective - The CEO of Vislink stated that the delisting will allow the company to save significant time and resources, enabling a greater focus on product development and customer acquisition to enhance long-term shareholder value [4]. Group 4: Company Background - Vislink Technologies specializes in capturing, delivering, and managing high-quality live video and associated data, with over 50 years of experience in video communications [5].
Malaysian National Broadcaster RTM Leverages Vislink's Live Video Technology in Tower Infrastructure Upgrade
Newsfilter· 2025-01-08 14:17
Core Insights - Vislink Technologies has partnered with Radio Television Malaysia (RTM) to enhance RTM's broadcasting capabilities through an advanced infrastructure upgrade, valued at over $1 million [1][2]. Group 1: Partnership Details - The partnership involves deploying Vislink's 4K UHD portable IP-based transmission solution, which includes the Quantum Encoder and high-speed, bi-directional IP links [2]. - This technology will enable RTM to deliver high-quality 4K UHD video from remote locations, enhancing live media broadcasts across its nationwide television channels [2][3]. Group 2: Strategic Importance - RTM views this collaboration as a strategic advancement in its commitment to providing high-quality, real-time content to viewers, aligning with its vision for the future of media [3]. - The partnership is expected to support RTM's transition to IP-based workflows and higher resolutions, positioning it at the forefront of next-generation broadcasting standards [2][3]. Group 3: Company Positioning - Vislink Technologies is recognized as a leader in capturing, delivering, and managing high-quality live video, with over 50 years of experience in video communications [6]. - The company aims to redefine live content production by leveraging its expertise in IP and software-driven infrastructure, particularly in the dynamic Asia-Pacific region [3][6].
Malaysian National Broadcaster RTM Leverages Vislink’s Live Video Technology in Tower Infrastructure Upgrade
Globenewswire· 2025-01-08 14:17
Core Insights - Vislink Technologies, Inc. has announced a partnership with Radio Television Malaysia (RTM) to implement an advanced media solution, valued at over $1 million, enhancing RTM's infrastructure at Kuala Lumpur Tower [1][2]. Company Overview - Vislink is a global leader in capturing, delivering, and managing high-quality live video and associated data, with over 50 years of experience in video communications [7]. - The company specializes in live streaming solutions utilizing RF, bonded cellular, 5G, and AI-driven technologies, and is publicly traded on the Nasdaq under the ticker symbol "VISL" [7]. Partnership Details - The project involves deploying Vislink's 4K UHD portable IP-based transmission solution, which includes the Quantum Encoder and high-speed, bi-directional IP links, enabling RTM to broadcast high-quality 4K UHD video from remote locations [2]. - This modular and scalable solution is designed to support RTM's future migration to IP-based workflows and higher resolutions, positioning RTM for next-generation broadcasting standards [2]. Strategic Importance - RTM views the collaboration with Vislink as a strategic advancement in delivering high-quality, real-time content to viewers, aligning with their vision for the future of media [3]. - Vislink's technology is expected to enhance RTM's capabilities and improve the viewing experience, demonstrating the potential for innovation in the rapidly evolving media landscape [3]. Market Position - The Asia-Pacific region is identified as a dynamic growth area for Vislink, with the company committed to supporting media organizations in redefining live content production [3].
Vislink Introduces DragonFly V 5G Miniature Transmitter: Redefining Portable Live Video Streaming
GlobeNewswire News Room· 2024-12-04 15:26
Core Insights - Vislink Technologies, Inc. has launched the DragonFly V 5G, a compact bonded cellular miniature transmitter that enhances live video streaming capabilities with 5G connectivity [1][2][7] - The new transmitter is designed to meet the demands of live broadcast production, allowing for real-time high-definition video capture and transmission from various locations [2][4] Product Features - **5G Bonding Connectivity**: Compatible with both public and private 5G networks, providing greater bandwidth and reliable video streaming [3] - **Compact and Lightweight Design**: Weighs only 82 grams, making it suitable for drones and body-worn cameras [3] - **High-Definition Video Support**: Capable of capturing and streaming video in formats up to 1080p 50/60 HDR [3] - **Versatile Inputs**: Supports HDMI and SDI connections for easy integration into production workflows [3] - **Low Power Consumption**: Optimized for extended use in the field without sacrificing performance [3] - **Unmatched Reliability**: Engineered for robust performance in challenging environments [3] Applications Across Industries - **Sports Production**: Enables dynamic coverage using drones or body-worn cameras [4] - **News Broadcasting**: Facilitates live streaming from breaking news scenes with minimal setup [4] - **Entertainment**: Provides real-time streaming for live events, ensuring a seamless viewer experience [4] - **Public Safety**: Enhances situational awareness for surveillance and first responder coordination [4] Complementary Products - The DragonFly V COFDM model complements the DragonFly V 5G, designed for reliable high-definition video transmission in environments where signal integrity is critical [5] - The COFDM model weighs 73 grams and integrates well with drones and body-worn cameras for on-the-move live video capture [5] Management Solutions - Vislink's devices can be managed through LinkMatrix, a cloud-based platform that allows for remote monitoring and configuration, optimizing live production workflows [6]
Vislink Technologies(VISL) - 2024 Q3 - Earnings Call Transcript
2024-11-14 17:06
Financial Data and Key Metrics Changes - Year-to-date revenue increased over 26% compared to the prior year, although Q3 revenue was $7.1 million, slightly down from $7.2 million in Q3 2023 due to seasonal softness in the Live Production sector [9][16] - Gross margin decreased to 51% from 54% in the prior-year period [17] - Net loss for the quarter was $3 million, or a negative $1.22 per share, compared to a loss of $2 million, or a negative $0.83 per share in the prior-year period [17][19] - Total expenses rose to $10.3 million from $9.5 million in the prior-year period, driven by ERP implementation costs and increased R&D expenditures [18] Business Line Data and Key Metrics Changes - Live Production revenue was $4.4 million, while MilGov revenue was $1.8 million in Q3, with service revenue contributing $700,000 [38] - MilGov opportunities now account for half of the sales funnel, with a projected $9 million in MilGov bookings for 2024, representing over 60% year-over-year growth [22] Market Data and Key Metrics Changes - The company is experiencing strong growth in MilGov markets, with significant opportunities in the U.S., Europe, the Middle East, and Africa [13] - International markets for Live Production solutions are also growing, with successful bids in Mexico and Malaysia [27] Company Strategy and Development Direction - The company aims to maintain its strong position in Live Production while accelerating growth in the MilGov sector and recurring revenue services, targeting cash flow positivity by 2025 [8] - A new ERP system was launched to optimize operations and reduce costs, with expected annualized savings of over $6 million starting in Q4 [14] Management's Comments on Operating Environment and Future Outlook - Management noted a temporary decline in revenues due to broadcasters focusing on the 2024 Summer Olympics and geopolitical tensions affecting procurement in the Middle East [9] - There is an expectation of a sluggish fourth quarter but a positive outlook for growth in 2025, with proactive restructuring efforts in place [40] Other Important Information - The company is consolidating manufacturing facilities to improve efficiency and reduce costs, with significant headcount reductions contributing to the $6 million in expected savings [15][42] Q&A Session Summary Question: Impact of short-term challenges on the total pipeline - The pipeline is currently around $50 million, with half being MilGov opportunities, indicating a positive trend despite some softness in Live Production [33] Question: Details on a delayed MilGov order in the Middle East - The order is significant, involving a customer with over 200 rotary helicopters, and is expected to see a six-month delay [35] Question: Quantification of MilGov revenue in Q3 - MilGov revenue was $1.8 million out of the total $7 million for the quarter [38] Question: Pickup in live entertainment post-Olympics - There is a noted increase in quoting and purchasing activity, but a sluggish fourth quarter is anticipated [40] Question: Details on cost reductions from facility consolidation - The company is moving to one facility, with significant cost savings expected from reduced headcount and operational expenses [42]
Vislink to Report Third Quarter 2024 Financial Results on Thursday, November 14, 2024, at 8:30 a.m. ET
GlobeNewswire News Room· 2024-11-08 13:10
Core Viewpoint - Vislink Technologies, Inc. will hold a conference call on November 14, 2024, to discuss its financial results for Q3 2024, which ended on September 30, 2024 [1]. Group 1: Conference Call Details - The conference call is scheduled for Thursday, November 14, 2024, at 8:30 a.m. Eastern Time [3]. - Interested parties can submit questions to the company by 8:00 p.m. Eastern Time on November 11, 2024 [2]. - A replay of the conference call will be available after 11:30 a.m. Eastern Time on the same day through November 28, 2024 [4]. Group 2: Company Overview - Vislink Technologies is a global leader in capturing, delivering, and managing high-quality live video and associated data, with over 50 years of heritage in video communications [5]. - The company provides live streaming solutions utilizing RF, bonded cellular, 5G, and AI-driven technologies [5]. - Vislink's shares are publicly traded on the Nasdaq Capital Market under the ticker symbol "VISL" [5].
Vislink Launches New Brand Identity and Website to Drive Global Growth and Strengthen Market Leadership
GlobeNewswire News Room· 2024-10-02 12:15
Mt. Olive, New Jersey, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (NASDAQ: VISL), a global leader in live video capture, delivery, and management for the media, entertainment, law enforcement, and defense sectors has announced the unveiling of its modernized brand identity and completely redesigned website. This new digital marketing presence aims to elevate brand awareness, differentiate Vislink from its competitors, and provide customers with an enhanced, user-friendly platform that simp ...
Vislink to Debut DragonFly V and INCAM-GV Transmitters at IBC 2024
GlobeNewswire News Room· 2024-09-10 13:15
The Company Will Showcase its Market-Leading Solutions for Elevating Live Production Mt. Olive, New Jersey, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (NASDAQ: VISL), a global leader in live video capture, delivery, and management for the media, entertainment, law enforcement, and defense sectors, is set to showcase its cutting-edge solutions at IBC 2024, offering an exciting glimpse into the future of live production. Broadcast professionals can visit Vislink at Hall 1, Stand C52, to exp ...
Vislink Announces Appointment of Joseph Lipowski as Chief Technology Officer
GlobeNewswire News Room· 2024-09-03 12:15
Mt. Olive, New Jersey, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (NASDAQ: VISL), a global technology leader in the capture, delivery, and management of high-quality live video and associated data in the media and entertainment, law enforcement, and defense markets, today announced the appointment of Joseph Lipowski as its new Chief Technology Officer (CTO). A renowned RF and wireless expert, Mr. Lipowski brings over two decades of extensive experience leading high-performance technical t ...
Vislink Technologies, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
GlobeNewswire News Room· 2024-08-30 18:00
Mt. Olive, NJ, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. ("Vislink" or the "Company") (Nasdaq: VISL) announced today that effective August 29, 2024, Joseph Lipowski was granted a time-based and performance-based award of 10,000 restricted stock units ("RSUs") of the Company, outside of the Company's existing equity compensation plans, in connection with Mr. Lipowski becoming employed as of that date as Chief Technology Officer of the Company. These RSUs were granted as an inducement grant ...