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 ...

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 ...

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 ...

MT. OLIVE, N.J., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. ("Vislink" or the "Company") (Nasdaq: VISL), a global technology leader in the capture, delivery, and management of highquality, live video and associated data in the media and entertainment, public safety, and defense markets, is confirmed to participate in the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. Vislink's CEO, Mickey Miller, will be available for one- ...

Financial Data and Key Metrics Changes - In Q2 2024, total revenue increased by 73% year-over-year, reaching $8.7 million, up from $5 million in the prior year period [7][12] - Gross profit rose to $4.9 million, with a gross profit margin of 56%, up from 53% in the prior year [12] - Operating loss improved to a negative $2.6 million, down from a negative $3.4 million in the prior year [13] - Net loss attributable to common shareholders improved to a negative $2.3 million or a negative $0.93 per share, compared to a negative $3 million or a negative $1.27 per share in the prior year [13] Business Line Data and Key Metrics Changes - Revenue growth was driven by both Live Production and MilGov markets, with significant orders from U.S. Customs and Border Protection and other governmental agencies [7][15] - The weighted sales pipeline increased to $51 million, reflecting strong demand for current offerings and new products [9][23] Market Data and Key Metrics Changes - The company has positioned itself for expanded market reach by obtaining NATO stock numbers, enhancing credibility in the defense sector [8] - Significant wins in emerging markets, particularly in India, with partnerships with Doordarshan and Zoom Communications [17] Company Strategy and Development Direction - The company aims to double revenue by 2026, increase recurring revenue streams, and achieve cash flow positivity by 2025 [6] - Focus on operational enhancements and cost optimization measures, including the implementation of a new ERP system [10] - Continued investment in R&D, particularly in drone command and control technology, to capture emerging market opportunities [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting three-year financial goals and highlighted the importance of operational efficiency and cost management [6][10] - The geopolitical landscape is expected to drive revenue growth, particularly in the MilGov market [11] Other Important Information - The company has joined the Grass Valley Technology Alliance, enhancing its product offerings and customer base [20] - The launch of a new website is expected to improve online visibility and lead generation capabilities [19] Q&A Session Summary Question: Insights on cash flow neutrality and positivity journey - Management indicated that fixed costs associated with being a public company contribute to cash flow dynamics, and operational leverage will improve as revenue grows [26][27] Question: R&D expenses and specific goals - R&D investments are targeted towards specific customer needs and enhancing capabilities for drone applications, aiming to open larger markets [29][31] Question: NATO Stock Numbers impact - Securing NATO Stock Numbers simplifies the process for engaging with NATO countries, potentially accelerating contract opportunities [32]

Please register online approximately 10 minutes before the start time (although you may register, dial in, or access the webcast anytime during the call). If you have difficulty registering or connecting to the conference call, please contact Gateway Group at 949-574-3860. Interested parties may submit questions to the Company in advance of the call at VISL@gateway-grp.com by 8:00 p.m. Eastern Time on Monday, August 12, 2024. Questions will be addressed based on the relevance to the Company's strategic dire ...

Vislink management will host the presentation, followed by a question-and-answer period. Date: Wednesday, August 14, 2024 Time: 8:30 a.m. Eastern Time Toll-Free Number: 1-833-953-2432 International Number: 1-412-317-5761 Webcast: Click here to register The conference call will be broadcast live here and available for replay via the Investor Relations section of Vislink's website. Toll-Free Replay Number: 1-877-344-7529 International Replay Number: 1-412-317-0088 Replay ID: 8830402 Vislink Technologies is a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________to _______________. Commission File Number: 001-35988 Vislink Technologies, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdi ...

Vislink Technologies, Inc. (NASDAQ:VISL) Q1 2024 Earnings Conference Call May 15, 2024 8:30 AM ET Company Participants Mickey Miller - CEO Mike Bond - CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners Operator Good morning. Welcome to Vislink's First Quarter 2024 Earnings Conference Call. My name is Marlise and I will be your operator for today's call. Joining us for today's presentation are the company's CEO, Mickey Miller, and CFO, Mike Bond, who will report results for the fir ...

Vislink Q1 2024 Financial and Operational Results [First Quarter 2024 Financial and Operational Highlights](index=1&type=section&id=First%20Quarter%202024%20Financial%20and%20Operational%20Highlights) Vislink reported strong Q1 2024 results with 20% revenue growth, improved profitability, and key product launches Financial Highlights | Financial Metric | Q1 2024 | Q1 2023 | Change | | :--- | :--- | :--- | :--- | | **Revenue** | $8.6 million | $7.2 million | +20% | | **Gross Margin** | 59% | 54% | +5 p.p. | | **Net Loss** | $(0.9) million | $(1.8) million | Improved | | **Net Loss Per Share** | $(0.39) | $(0.80) | Improved | | **Cash & Short-term Investments** | $13.8 million | - | - | - The increase in revenue was primarily due to a substantial jump in sales to **military and government (MilGov) customers**, driven by market acceptance of the AeroLink platform[4](index=4&type=chunk) - Service and software revenue grew to **16% of total revenue**, reflecting a strategic focus on driving recurring revenues through the LinkMatrix platform[4](index=4&type=chunk) - Key operational achievements include: - Launch of Air-to-Anywhere™ within the AVDS platform, with a roadmap to leverage AI for enhanced analytics[4](index=4&type=chunk) - Unveiling of DragonFly V, the world's smallest HEVC HDR transmitter for live video[4](index=4&type=chunk) - Gaining "**Approved Supplier**" status from three global aerospace OEMs[4](index=4&type=chunk) [Management Commentary](index=2&type=section&id=Management%20Commentary) Management attributes strong Q1 results to MilGov focus, with an expanding sales pipeline and reaffirmed cash flow goals - The **20% revenue growth** was fueled by an expanding presence in MilGov markets, bolstered by the BMS asset acquisition and increased governmental investment[5](index=5&type=chunk) - The company's weighted sales pipeline is valued at **$48 million** entering the second quarter, the largest since the pandemic[6](index=6&type=chunk) - Vislink is on track to achieve **cash flow neutrality by the end of 2024** and aims to be **cash flow positive in 2025**[7](index=7&type=chunk) - New products like Cliq, LiveLink, and DragonFly V are expected to increase the mix of software and services revenue, which grew to **16% of total revenue** in Q1[6](index=6&type=chunk) [Financial Tables](index=5&type=section&id=Financial%20Tables) Detailed financial tables present Vislink's balance sheet, operations, and non-GAAP reconciliation for Q1 2024 [Condensed Consolidated Balance Sheets](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) Vislink's balance sheet as of March 31, 2024, details assets, liabilities, and equity Condensed Consolidated Balance Sheets | Balance Sheet Items | March 31, 2024 (in thousands) | December 31, 2023 (in thousands) | | :--- | :--- | :--- | | **Total current assets** | $39,365 | $38,482 | | Cash | $7,959 | $8,482 | | Inventories, net | $14,866 | $14,029 | | **Total assets** | **$45,990** | **$44,992** | | **Total current liabilities** | $8,210 | $6,714 | | **Total liabilities** | **$9,547** | **$8,015** | | **Total stockholders' equity** | **$36,443** | **$36,977** | [Unaudited Condensed Consolidated Statements of Operations](index=6&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Vislink's unaudited Q1 2024 statements of operations show $8.6 million revenue and reduced net loss Unaudited Condensed Consolidated Statements of Operations | Statement of Operations | For the Three Months Ended March 31, 2024 (in thousands) | For the Three Months Ended March 31, 2023 (in thousands) | | :--- | :--- | :--- | | **Revenue, net** | **$8,598** | **$7,188** | | Total cost of revenue and operating expenses | $10,196 | $9,536 | | Loss from operations | $(1,598) | $(2,348) | | **Net loss** | **$(948)** | **$(1,756)** | | **Basic and diluted loss per share** | **$(0.39)** | **$(0.74)** | [Reconciliation of GAAP to Non-GAAP Results](index=7&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Results) Reconciliation of GAAP net loss to non-GAAP EBITDA and Adjusted EBITDA shows improved adjusted profitability Reconciliation of GAAP to Non-GAAP Results | Reconciliation to EBITDA | March 31, 2024 (in thousands) | March 31, 2023 (in thousands) | | :--- | :--- | :--- | | **Net loss (GAAP)** | **$(948)** | **$(1,756)** | | Amortization and depreciation | $347 | $298 | | Interest income, net | $(91) | $(133) | | Tax | $(55) | $(55) | | **EBITDA** | **$(813)** | **$(1,737)** | | Stock-based compensation | $464 | $921 | | Severance | $— | $349 | | **EBITDA Non-GAAP Adjusted** | **$(349)** | **$(467)** | [Conference Call Information](index=2&type=section&id=Conference%20Call) Details for the Q1 2024 earnings conference call and replay information are provided for stakeholder access - A conference call to discuss Q1 2024 results was scheduled for **May 15, 2024, at 8:30 a.m. Eastern Time**[7](index=7&type=chunk) - A replay of the conference call is available through **Wednesday, May 28, 2024**, using Replay ID: **4822215**[10](index=10&type=chunk)[11](index=11&type=chunk)