Vislink Technologies, Inc.
2.4700-0.11 (-4.26%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · VISL · USD
Key Stats
Market Cap
6.09MP/E (TTM)
-Basic EPS (TTM)
-9.06Dividend Yield
0%Recent Filings
10-K
FY2024 results
Vislink Technologies posted FY2024 revenue of $27.8 million, edging up 1.1% y/y from $27.5 million in 2023, with Q4 momentum from new products like AeroLink and DragonFly V offsetting softer legacy lines. Yet operating losses widened to $21.5 million, hammered by $6.8 million in inventory impairments and $0.5 million restructuring costs from facility closures and workforce cuts. Margins compressed sharply in Q4 amid these one-offs, but sequential cash burn eased to $6.8 million annually from $9.7 million prior year, buoyed by $4.5 million from bond redemptions. Restructuring eyes $7.8 million in annual savings. Q4 accelerated Mil/Gov sales, yet net loss hit $20.5 million. Liquidity stood at $5.5 million cash plus $1.0 million bonds. No 2025 guidance disclosed. Supply chain disruptions risk quarterly momentum.
8-K
Vislink's 2024 results mix growth and losses
Vislink Technologies reported full-year 2024 revenue of $27.7 million, edging up from $27.5 million in 2023, yet posted a net loss of $20.5 million amid restructuring costs and project delays. Multimillion-dollar orders in airborne video systems bolstered MilGov momentum, while over $900,000 in new service agreements signal a shift to recurring revenue. Restructuring yields $10 million in expected annual savings. Delisting from Nasdaq cuts expenses but narrows liquidity.
8-K
CFO Bond's new deal
Vislink Technologies locked in CFO Michael C. Bond with a new employment agreement on February 24, 2025, bumping his base salary to $275,000 annually while offering bonuses up to 100% of that amount tied to performance. Termination perks include 12 months of severance and COBRA coverage if ousted without cause, plus a $52,884.62 payout from his prior deal. This setup secures financial leadership amid at-will terms. Yet risks lurk in clawback policies.
8-K
Vislink delists from Nasdaq
Vislink Technologies voluntarily notified Nasdaq on January 31, 2025, of its intent to delist common stock, planning a Form 25 filing around February 10 for removal effective 10 days later, followed by potential SEC deregistration via Form 15. The board cited an inactive trading market and burdensome reporting costs as reasons, aiming to cut expenses and refocus management on product development. Delisting will free resources for growth. Yet, OTC trading isn't guaranteed.
8-K
Q3 revenue flat, YTD up 26%
Vislink Technologies reported Q3 2024 revenue of $7.1 million, flat from last year, but year-to-date sales surged 26% to $24.4 million amid MilGov growth. Gross margins dipped to 51% while net loss widened to $3.0 million, prompting ERP-driven restructuring for over $6 million in annual cost savings starting Q4. New products like DragonFly V bolster live video tech. Restructuring risks short-term disruptions.
IPO
Website
Employees
Sector
Industry
AVNW
Aviat Networks, Inc.
24.66+0.28
BDRL
Blonder Tongue Laboratories, In
0.03+0.01
CLRO
ClearOne, Inc.
5.61-0.26
CMTL
Comtech Telecommunications Corp
2.93-0.20
CRNT
Ceragon Networks Ltd.
2.56+0.01
HLIT
Harmonic Inc.
10.38-0.17
MSI
Motorola Solutions, Inc.
432.18-8.03
VIAV
Viavi Solutions Inc.
13.98-0.02
VISM
Visium Technologies, Inc.
0.01+0.00
VSAT
ViaSat, Inc.
39.17-0.24