Vislink Technologies, Inc. (NASDAQ:VISL) Q3 2022 Results Conference Call November 15, 2022 10:00 AM ET Company Participants Gabrielle Bajarano - B2B Media Producer Mickey Miller - President and Chief Executive Officer Michael Bond - Treasurer and Chief Financial Officer Operator I would like to remind everyone of the Safe Harbor statement referenced in the SEC filings. The Private Securities Litigation Reform Act of 1995 provides a Safe Harbor for certain forward-looking statements, including statements mad ...

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 September 30, 2022 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) Delaware 20-5856795 ...

Vislink Technologies, Inc. (NASDAQ:VISL) Q2 2022 Earnings Conference Call August 16, 2022 10:00 AM ET Company Participants Mickey Miller - Chief Executive Officer and President Mike Bond - Chief Financial Officer and Treasurer Conference Call Participants Operator I’d like to remind everyone of the Safe Harbor statement referenced in the SEC filings. The Private Securities Litigation Reform Act of 1995 provides a Safe Harbor for certain forward-looking statements, including statements made during the cours ...

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 June 30, 2022 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 jurisdic ...

Vislink Technologies, Inc. (NASDAQ:VISL) Q1 2022 Earnings Conference Call May 17, 2022 10:00 AM ET Company Participants Tyler Kern - Moderator Mickey Miller - Chief Executive Officer Mike Bond - Chief Financial Officer Conference Call Participants Operator I’d like to remind everyone of the Safe Harbor statement referenced in the SEC filings. The Private Securities Litigation Reform Act of 1995 provides a Safe Harbor for certain forward-looking statements, including statements made during the course of tod ...

[PART I: FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%3A%20FINANCIAL%20INFORMATION) [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents Vislink Technologies, Inc.'s unaudited condensed consolidated financial statements as of March 31, 2022, including balance sheets, statements of operations, cash flows, and related notes Condensed Consolidated Balance Sheet Data (in thousands) | Account | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Cash | $31,023 | $36,231 | | Total current assets | $56,283 | $59,664 | | Total assets | $64,445 | $68,120 | | Total current liabilities | $7,680 | $9,002 | | Total liabilities | $10,100 | $11,487 | | Total stockholders' equity | $54,345 | $56,633 | Condensed Consolidated Statements of Operations (in thousands, except per share data) | Account | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Revenue, net | $7,154 | $4,090 | | Loss from operations | $(2,850) | $(2,779) | | Net loss | $(2,767) | $(2,667) | | Basic and diluted loss per share | $(0.06) | $(0.07) | Condensed Consolidated Statements of Cash Flows (in thousands) | Account | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net cash used in operating activities | $(4,879) | $(4,344) | | Net cash used in investing activities | $(209) | $(46) | | Net cash (used in) provided by financing activities | $(99) | $59,068 | | Net (decrease) increase in cash | $(5,208) | $54,687 | - The company operates as a single segment, offering live video and data solutions for broadcast, surveillance, and defense markets, with key offerings enhanced by the Mobile Viewpoint acquisition[22](index=22&type=chunk)[23](index=23&type=chunk)[25](index=25&type=chunk) - As of March 31, 2022, the company held **$31.0 million in cash** and **$48.6 million in working capital**, with management confident in sufficient liquidity for the next twelve months despite a net loss[66](index=66&type=chunk)[68](index=68&type=chunk) Revenue by Primary Geographical Market (in thousands) | Region | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | North America | $2,428 | $1,692 | | Europe | $2,483 | $1,279 | | Asia | $542 | $431 | | Rest of World | $1,651 | $542 | | South America | $50 | $146 | | **Total** | **$7,154** | **$4,090** | - The company faces customer concentration risk, with one customer representing **21% of Q1 2022 revenue** and **45% of net accounts receivable** as of March 31, 2022[125](index=125&type=chunk)[126](index=126&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Q1 2022 revenue increased **80% to $7.2 million** due to live events and MVP acquisition, while operating expenses and net loss also rose, yet the company maintains strong liquidity Comparison of Operations for the three months ended March 31 (in millions) | Metric | 2022 | 2021 | Change (%) | | :--- | :--- | :--- | :--- | | Revenues | $7.2 | $4.0 | +80% | | Cost of Components and Personnel | $3.4 | $2.2 | +55% | | General and Administrative Expenses | $4.9 | $3.6 | +36% | | Research and Development Expenses | $1.1 | $0.6 | +83% | | Net Loss | $2.8 | $2.7 | +4% | - The **80% revenue increase** was primarily driven by a resurgence in live event sales, higher military/government sales, and contributions from the MVP acquisition[152](index=152&type=chunk) - The rise in General and Administrative expenses was primarily due to a **$0.7 million increase in stock-based compensation** and a **$0.4 million increase in salaries and benefits**[155](index=155&type=chunk) - The company actively monitors COVID-19 related supply chain risks, mitigating shortages and delays by increasing key component inventory levels[137](index=137&type=chunk)[140](index=140&type=chunk) - As of March 31, 2022, the company held **$31.0 million in cash** and **$48.6 million in working capital**, which management deems sufficient for operations over the next twelve months[161](index=161&type=chunk)[163](index=163&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes to market risk disclosures were reported since the company's 2021 annual report - As of March 31, 2022, no material changes to market risk information have occurred since the company's 2021 annual report[172](index=172&type=chunk) [Controls and Procedures](index=31&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were ineffective as of March 31, 2022, due to an un-remediated material weakness, with MVP integration ongoing - The company's Certifying Officers determined disclosure controls and procedures were ineffective as of March 31, 2022, due to a previously identified material weakness[175](index=175&type=chunk) - Remediation efforts, including enhanced supervisory review, are ongoing, but the material weakness remained un-remediated as of March 31, 2022[177](index=177&type=chunk) - Integration of the acquired MVP business into operations and internal control processes is underway, expected to conclude within one year of acquisition[178](index=178&type=chunk) [PART II: OTHER INFORMATION](index=32&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=32&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no legal proceedings during the period - No legal proceedings were reported[181](index=181&type=chunk) [Risk Factors](index=32&type=section&id=Item%201A.%20Risk%20Factors) The company faces a material risk of delisting from Nasdaq Capital Market if its common stock bid price falls below $1.00 per share - The company's common stock faces delisting risk from the Nasdaq Capital Market if its closing bid price remains below **$1.00 per share** for over 30 consecutive business days[181](index=181&type=chunk) - Delisting would negatively impact stock price, investor trading ability, and the company's capacity to raise capital or pursue strategic financing[182](index=182&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=32&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities or use of proceeds were reported during the period - No unregistered sales of equity securities or use of proceeds were reported[183](index=183&type=chunk) [Defaults Upon Senior Securities](index=32&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - No defaults upon senior securities were reported[184](index=184&type=chunk) [Mine Safety Disclosures](index=32&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - This disclosure is not applicable[185](index=185&type=chunk) [Other Information](index=32&type=section&id=Item%205.%20Other%20Information) The company reported no other information - No other information was reported[186](index=186&type=chunk) [Exhibits](index=33&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate governance documents, material agreements, and officer certifications - The report includes various exhibits, such as the Certificate of Incorporation, bylaws, warrant forms, incentive plans, and required officer certifications (31.1, 31.2, 32.1, 32.2)[187](index=187&type=chunk)[188](index=188&type=chunk) [Signatures](index=35&type=section&id=SIGNATURES) This section contains the authorized signatures for the report - The report was duly signed and authorized on **May 16, 2022**, by Carleton Miller, Chief Executive Officer, and Michael Bond, Chief Financial Officer[193](index=193&type=chunk)

Vislink Technologies, Inc. (NASDAQ:VISL) Q4 2021 Earnings Conference Call April 1, 2022 10:00 AM ET Company Participants Gabrielle Bajarano - B2B Media Producer Tyler Kern - Moderator Mickey Miller - CEO Mike Bond - CFO Michel Bais - Managing Director, Mobile Viewpoint Conference Call Participants Gabrielle Bajarano I’d like to remind everyone of the Safe Harbor statement referenced in the SEC filings. The Private Securities Litigation Reform Act of 1995 provides a Safe Harbor for certain forward-looking st ...

Part I [Item 1. Business](index=5&type=section&id=Item%201.%20Business) Vislink Technologies provides live video and data solutions for broadcast, military, and government, bolstered by the 2021 Mobile Viewpoint acquisition - Vislink specializes in live video collection and delivery for broadcast, surveillance, and defense markets, utilizing technologies like microwave, satellite, and IP networks[18](index=18&type=chunk) - The company's solutions are used in major live events, including international sporting contests, award shows, and racing events, with over **200,000 systems installed worldwide**[20](index=20&type=chunk) - The August 2021 acquisition of Mobile Viewpoint (MVP) is a core part of the strategy to expand into bonded cellular, 5G, and AI-automated production, addressing the growth in live internet video traffic and cloud-based workflows[25](index=25&type=chunk)[26](index=26&type=chunk) - As of December 31, 2021, Vislink had **131 full-time employees**, contractors, or consultants across various functions[61](index=61&type=chunk) [Item 1A. Risk Factors](index=15&type=section&id=Item%201A.%20Risk%20Factors) The company faces multiple risks in operations, financial stability, internal controls, supply chain, and potential Nasdaq delisting - The company has a history of recurring operating losses and cash used from operations, leading to disclosures about its liquidity and financial condition[67](index=67&type=chunk)[72](index=72&type=chunk) - Management has identified material weaknesses in internal controls over financial reporting, including inadequate risk assessment and issues with integrating accounting systems from acquisitions[78](index=78&type=chunk)[82](index=82&type=chunk)[87](index=87&type=chunk) - The company faces risks from the COVID-19 pandemic, which could disrupt operations, supply chains, and customer demand[68](index=68&type=chunk)[69](index=69&type=chunk) - Vislink relies on a limited number of suppliers for certain components and does not have long-term contracts, creating a risk of disruption to its manufacturing and sales fulfillment[99](index=99&type=chunk)[101](index=101&type=chunk) - The company's common stock is at risk of being delisted from the Nasdaq Capital Market if it fails to maintain the minimum closing bid price of **$1.00 per share**[133](index=133&type=chunk) - The acquisition strategy involves risks such as the failure of acquired businesses to achieve expected results, difficulties in integration, and the potential for impairment of acquired assets[149](index=149&type=chunk)[152](index=152&type=chunk) [Item 1B. Unresolved Staff Comments](index=30&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments - Not applicable[155](index=155&type=chunk) [Item 2. Properties](index=30&type=section&id=Item%202.%20Properties) The company leases various global properties, including its new Mount Olive, NJ headquarters, and facilities in the UK, UAE, and Singapore Leased Properties Summary | Location | Size (sq. ft.) | Lease Expiration | Annual Rent (Approx.) | | :--- | :--- | :--- | :--- | | Mount Olive, NJ | 7,979 | Jan 31, 2027 | $130,428 (initial) | | Billerica, MA | 8,204 | Dec 31, 2026 | $95,000 | | Colchester, UK | 16,000 | Mar 24, 2025 | $275,000 | | Hemel, UK | N/A | Oct 27, 2023 | $175,000 | | Singapore | 950 | Aug 9, 2023 | $30,500 | [Item 3. Legal Proceedings](index=30&type=section&id=Item%203.%20Legal%20Proceedings) The company is not currently involved in any material litigation, though its industry is prone to intellectual property claims - The company is not currently involved in any material litigation that it believes would significantly affect its business or financial condition[164](index=164&type=chunk) [Item 4. Mine Safety Disclosures](index=30&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[165](index=165&type=chunk) Part II [Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=31&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Vislink's common stock trades on Nasdaq under 'VISL', with **45.8 million shares outstanding**, and no cash dividends have been paid - The company's common stock trades on the Nasdaq Capital Market under the symbol "**VISL**"[167](index=167&type=chunk) - As of March 22, 2022, there were **45,825,089 shares of common stock outstanding**[167](index=167&type=chunk) - The company has never declared or paid a cash dividend and intends to retain future earnings[169](index=169&type=chunk) [Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Revenue increased **48%** to **$33.9 million** in 2021, driven by live events and acquisitions, despite continued operating losses, while liquidity significantly improved Financial Performance Summary (in millions) | Metric | 2021 (in millions) | 2020 (in millions) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $33.9 | $22.9 | 48% | | Loss from Operations | $(17.7) | $(17.9) | (1%) | | Goodwill Impairment | $9.2 | $0.0 | N/A | | Net Loss | $(16.4) | $(17.6) | (7%) | - The **48% increase in revenue** was primarily due to a resurgence in live event sales post-pandemic, growth in military/government contracts, and revenue contribution from the newly acquired MVP[194](index=194&type=chunk)[195](index=195&type=chunk) - General and administrative expenses rose by **29% to $22.0 million**, mainly due to **$3.2 million** in stock-based compensation, **$2.0 million** in salaries, and **$1.9 million** in acquisition costs related to MVP[200](index=200&type=chunk)[201](index=201&type=chunk) - The company's cash position increased significantly to **$36.2 million** at year-end 2021 from **$5.2 million** in 2020, primarily due to net proceeds of **$46.8 million** from a public offering and **$12.6 million** from an at-the-market facility[210](index=210&type=chunk)[211](index=211&type=chunk)[212](index=212&type=chunk) Cash Flow Summary (in millions) | Cash Flow Activity | 2021 (in millions) | 2020 (in millions) | | :--- | :--- | :--- | | Net cash used in operating activities | $(9.6) | $(14.4) | | Net cash used in investing activities | $(17.5) | $(0.3) | | Net cash provided by financing activities | $58.3 | $18.0 | [Item 7A. Quantitative and Qualitative Disclosures About Market Risk](index=42&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Disclosure is not required as the company qualifies as a smaller reporting company - Disclosure is not required as the company qualifies as a smaller reporting company[251](index=251&type=chunk) [Item 8. Financial Statements and Supplementary Data](index=42&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section refers to the company's audited financial statements and notes, beginning on page F-1 - The company's audited financial statements and notes are included in the report starting on page F-1[252](index=252&type=chunk) [Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=42&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes or disagreements with its accountants on accounting and financial disclosure - None reported[253](index=253&type=chunk) [Item 9A. Controls and Procedures](index=43&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded disclosure controls were ineffective as of December 31, 2021, due to material weaknesses in internal financial reporting controls - Management concluded that disclosure controls and procedures were not effective as of December 31, 2021[257](index=257&type=chunk) - Material weaknesses were identified due to limited resources, preventing proper segregation of duties and adequate risk assessment, and a lack of documented internal control assessment[260](index=260&type=chunk) - The company is integrating the newly acquired MVP into its operations and internal control processes, with MVP's controls potentially excluded from the 2021 evaluation[259](index=259&type=chunk) [Item 9B. Other Information](index=44&type=section&id=Item%209B.%20Other%20Information) The company reports no other information under this item - None[262](index=262&type=chunk) Part III [Items 10-14](index=45&type=section&id=Items%2010-14) Information for Items 10-14 is incorporated by reference from the forthcoming 2022 proxy statement - Information for Items 10, 11, 12, 13, and 14 is incorporated by reference from the forthcoming 2022 proxy statement[266](index=266&type=chunk)[267](index=267&type=chunk)[268](index=268&type=chunk)[269](index=269&type=chunk)[270](index=270&type=chunk) Part IV [Item 15. Exhibits, Financial Statement Schedules](index=46&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists the financial statements, schedules, and exhibits filed as part of the Form 10-K - The audited consolidated financial statements for the years ended December 31, 2021, and 2020 are filed with this report[273](index=273&type=chunk) - A list of exhibits filed with the report is provided, including various corporate documents, material agreements, and certifications by the CEO and CFO[274](index=274&type=chunk)[277](index=277&type=chunk)[278](index=278&type=chunk) Financial Statements [Consolidated Financial Statements](index=51&type=section&id=Consolidated%20Financial%20Statements) Consolidated financial statements show significant asset and equity growth in 2021 due to capital raises, despite continued net losses Consolidated Balance Sheet (in thousands) | Balance Sheet (in thousands) | Dec 31, 2021 | Dec 31, 2020 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $36,231 | $5,190 | | Total Current Assets | $59,664 | $16,515 | | Total Assets | $68,120 | $20,651 | | **Liabilities & Equity** | | | | Total Current Liabilities | $9,002 | $8,846 | | Total Liabilities | $11,487 | $10,654 | | Total Stockholders' Equity | $56,633 | $9,997 | Consolidated Statement of Operations (in thousands) | Statement of Operations (in thousands) | Year Ended Dec 31, 2021 | Year Ended Dec 31, 2020 | | :--- | :--- | :--- | | Revenue, net | $33,882 | $22,882 | | Loss from operations | $(17,747) | $(17,888) | | Net loss | $(16,392) | $(17,575) | | Basic and diluted loss per share | $(0.38) | $(1.19) | [Notes to Consolidated Financial Statements](index=60&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes provide detailed financial information, including liquidity, the Mobile Viewpoint acquisition, goodwill impairment, and other key disclosures [Note 2 - Liquidity and Financial Condition](index=61&type=section&id=NOTE%202%20%E2%80%94%20LIQUIDITY%20AND%20FINANCIAL%20CONDITION) - The company incurred a **$17.7 million loss from operations** and used **$9.6 million in cash from operations** in 2021, ending with **$36.2 million in cash** and an accumulated deficit of **$286.5 million**[324](index=324&type=chunk) - In 2021, the company raised significant capital, including net proceeds of **$46.8 million** from a public offering and **$12.6 million** from its at-the-market (ATM) facility[325](index=325&type=chunk)[326](index=326&type=chunk) - Management believes the company has sufficient funds to continue operations for at least twelve months from the financial statement date, despite risks and uncertainties[328](index=328&type=chunk) [Note 4 - Acquisition of Mobile Viewpoint Corporate B.V.](index=72&type=section&id=NOTE%204%20%E2%80%93%20ACQUISITION%20OF%20MOBILE%20VIEWPOINT%20CORPORATE%20B.V.) - On August 16, 2021, Vislink acquired **100% of Mobile Viewpoint (MVP)** for approximately **€14.8 million (approx. $17.5 million)** plus **€0.7 million** in assumed debt[407](index=407&type=chunk) Mobile Viewpoint Purchase Price Allocation (in thousands) | Purchase Price Allocation (in thousands) | As Adjusted | | :--- | :--- | | Cash (Consideration Transferred) | $18,311 | | Total identifiable net assets | $5,930 | | **Excess (Intangibles & Goodwill)** | **$12,381** | | *Allocation:* | | | Trade name | $801 | | Proprietary technology | $2,133 | | Customer relationship | $2,215 | | Goodwill | $9,189 | - Since the acquisition date, MVP contributed approximately **$2.3 million in revenue**[419](index=419&type=chunk) [Note 8 - Goodwill](index=75&type=section&id=NOTE%208%20%E2%80%94%20GOODWILL) - The company performed its annual goodwill impairment test as of December 31, 2021, recognizing a decline in market capitalization as a triggering event[427](index=427&type=chunk) - A quantitative assessment concluded the reporting unit's carrying amount exceeded its fair value, resulting in a goodwill impairment charge of **$9,189,000** for the year[428](index=428&type=chunk) [Note 12 - Payroll Protection Program Loan](index=78&type=section&id=NOTE%2012%20%E2%80%93%20PAYROLL%20PROTECTION%20PROGRAM%20LOAN) - On July 26, 2021, the company received full forgiveness for its **$1,168,000** Paycheck Protection Program (PPP) loan, originally received in April 2020[440](index=440&type=chunk) - The loan forgiveness was recognized as a gain on settlement of debt in the statement of operations[441](index=441&type=chunk) [Note 16 - Stockholders' Equity](index=84&type=section&id=NOTE%2016%20%E2%80%94%20STOCKHOLDERS%27%20EQUITY) - In February 2021, the company raised net proceeds of **$46.8 million** by issuing **18,181,820 shares** of common stock and **9,090,910 five-year warrants**[497](index=497&type=chunk) - During 2021, the company also raised net proceeds of **$12.6 million** by issuing **6,163,198 shares** of common stock through its at-the-market (ATM) shelf registration[498](index=498&type=chunk) [Note 20 - Revenue](index=96&type=section&id=NOTE%2020%20%E2%80%93%20REVENUE) Revenue by Geography (in millions) | Revenue by Geography (in millions) | 2021 | 2020 | | :--- | :--- | :--- | | North America | $18.1 | $9.1 | | Europe | $11.4 | $9.4 | | Asia | $2.0 | $2.4 | | Rest of World | $2.1 | $1.8 | | South America | $0.4 | $0.1 | | **Total** | **$33.9** | **$22.9** | Revenue by Source (in millions) | Revenue by Source (in millions) | 2021 | 2020 | | :--- | :--- | :--- | | Equipment sales | $31.7 | $20.1 | | Installation, integration, and repairs | $1.1 | $2.2 | | Warranties | $0.7 | $0.3 | | Other | $0.3 | $0.3 | | **Total** | **$33.9** | **$22.9** | [Note 22 - Income Taxes](index=97&type=section&id=NOTE%2022%20%E2%80%94%20INCOME%20TAXES) - As of December 31, 2021, the company has federal net operating loss (NOL) carryforwards of approximately **$177.8 million**, which will begin to expire in 2027[544](index=544&type=chunk) - A full valuation allowance has been recorded against the company's deferred tax assets, as management concluded they are "more likely than not" to not be realized due to past and present losses[545](index=545&type=chunk)

Vislink Technologies, Inc. (NASDAQ:VISL) Q3 2021 Earnings Conference Call November 16, 2021 10:00 AM ET Company Participants Belinda Marino - Corporate Secretary of the Board of Directors Mickey Miller - Chief Executive Officer Mike Bond - Chief Financial Officer Operator Welcome to the Vislink Technologies 2021 Third Quarter Earnings Update meeting. During today's presentation, there will be an opportunity to submit online questions. You may submit online questions using the window on the webcast. Please n ...

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 September 30, 2021 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) Delaware 20-5856795 ...