Core Insights - Vislink Technologies, Inc. has appointed Lt. Gen. William J. Bender (Ret.) to its Board of Directors effective June 1, 2025, enhancing its leadership in technology and defense sectors [1][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 experience in video communications [4]. - The company specializes in live streaming solutions utilizing RF, bonded cellular, 5G, and AI-driven technologies, catering to broadcasters, defense, and public safety agencies [4]. Leadership Appointment - Lt. Gen. Bender brings over 34 years of service in the United States Air Force, including his role as Chief Information Officer, and has extensive experience in strategic IT planning and cyber operations [2]. - His post-military career includes executive roles at major technology and defense firms, such as Senior Vice President at Leidos, and board positions at Anametric, GrammaTech, and Tangram Flex [2]. - The Board Chair and CEO of Vislink expressed confidence that Bender's military and commercial experience will be instrumental in advancing the company's growth strategy and serving mission-critical markets [3]. Strategic Focus - Bender's appointment is seen as pivotal for Vislink as it aims to expand its focus in federal and Department of Defense sectors, leveraging his insights in defense technology and cybersecurity [3].

Core Insights - Vislink Technologies, Inc. reported a modest revenue growth for the full year 2024, with total revenue reaching $27.7 million, compared to $27.5 million in 2023 [4][18] - The company experienced a net loss attributable to common shareholders of $(20.5) million, or $(8.35) per share, which is a significant increase from a net loss of $(9.1) million, or $(3.83) per share in 2023 [4][19] - The gross margin for the year was reported at 25%, with an adjusted gross margin of 49.7% when excluding one-time inventory write-offs and impairments, compared to 51% in 2023 [4][18] Fourth Quarter Highlights - Revenue for the fourth quarter was $3.4 million, a decrease from $7.1 million in the prior quarter, primarily due to a decline in the live production business and project delays [7] - The gross margin for the fourth quarter was -1%, with an adjusted gross margin of 8.8% when excluding one-time inventory write-offs and impairments, compared to 51% in the prior quarter [7] - The company reported an EBITDA of $(19.8) million for the fourth quarter, compared to $(9.0) million in the same quarter of 2023 [7][9] Strategic Developments - Vislink secured multimillion-dollar orders for airborne video downlink systems and initiated product shipments for emerging drone applications, indicating strong momentum in the MilGov business [4][6] - The company established a global service platform, generating over $900,000 in recurring revenue through strategic Service Level Agreements, which supports its transition to a service-driven business model [4][6] - A comprehensive restructuring plan, including the implementation of a new ERP system, is expected to yield operational cost savings of approximately $10 million annually [4][6] Product Innovations - Vislink launched several new products, including the Aero5 5G HEVC 4K UHD Airborne Downlink System and the DragonFly V 5G miniature transmitter, aimed at enhancing live production capabilities [4] - The company received recognition for its innovative projects, including the 'Best Innovation Project' award at the Broadcast Tech Innovation Awards 2024 for its collaboration in delivering a VR experience for the Abu Dhabi Autonomous Racing League [4] Financial Position - As of December 31, 2024, cash and short-term investments totaled $6.5 million, down from $9.2 million at the end of the third quarter [7] - Total assets decreased to $26.2 million from $45.0 million in 2023, reflecting a significant reduction in current assets [15][17] - The company's total liabilities increased to $9.0 million from $8.0 million in 2023, with current liabilities rising to $8.3 million [15][17]