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Vislink Technologies Inc Financials

VISL
Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2024 Currency USD FYE December

This page shows Vislink Technologies Inc (VISL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI VISL FY2024

Flat sales are masking a sharp unit-economics reset, with working-capital release temporarily softening the cash impact.

From FY2023 to FY2024, revenue stayed near $27.7M while gross margin fell to 25.1%, so the business produced far less gross profit from essentially the same sales base. Yet operating cash burn improved to -$6.8M even as operating loss widened to -$21.5M, which suggests cash relief came from releasing working capital rather than from healthier operating economics.

The balance sheet remains short-term solvent at 2.6x current coverage, but that cushion has narrowed from 5.7x as cash and other current assets were drawn down. Because liabilities reached $9.0M while equity fell to $17.2M, leverage rose mainly because the capital base shrank, not because borrowings suddenly expanded.

This is not a capex-heavy story: capital spending was only $519K against free cash flow of -$7.4M, so the drain is coming from operating losses rather than a major build-out cycle. With R&D at $4.6M and SG&A at $21.6M, the current cost structure is still too large for the gross profit the company generated.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating Vislink Technologies Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress
-18.23

Vislink Technologies Inc scores -18.23, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($6.9M) relative to total liabilities ($9.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
2/8

Vislink Technologies Inc passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality
0.33x

For every $1 of reported earnings, Vislink Technologies Inc generates $0.33 in operating cash flow (-$6.8M OCF vs -$20.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-71.7x

Vislink Technologies Inc earns $-71.7 in operating income for every $1 of interest expense (-$21.5M vs $300K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$27.7M
YoY+0.9%
5Y CAGR-0.9%
10Y CAGR+46.0%

Vislink Technologies Inc generated $27.7M in revenue in fiscal year 2024. This represents an increase of 0.9% from the prior year.

EBITDA
-$20.2M
YoY-116.3%

Vislink Technologies Inc's EBITDA was -$20.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 116.3% from the prior year.

Net Income
-$20.5M
YoY-124.6%

Vislink Technologies Inc reported -$20.5M in net income in fiscal year 2024. This represents a decrease of 124.6% from the prior year.

EPS (Diluted)
$-8.35
YoY-118.0%

Vislink Technologies Inc earned $-8.35 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 118.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$7.4M
YoY+29.5%

Vislink Technologies Inc generated -$7.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 29.5% from the prior year.

Cash & Debt
$5.5M
YoY-35.1%
5Y CAGR+25.9%
10Y CAGR+21.9%

Vislink Technologies Inc held $5.5M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
2M
YoY+1.1%

Vislink Technologies Inc had 2M shares outstanding in fiscal year 2024. This represents an increase of 1.1% from the prior year.

Margins & Returns

Gross Margin
25.1%
YoY-24.5pp

Vislink Technologies Inc's gross margin was 25.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 24.5 percentage points from the prior year.

Operating Margin
-77.6%
YoY-39.0pp
5Y CAGR-18.1pp
10Y CAGR+2986.0pp

Vislink Technologies Inc's operating margin was -77.6% in fiscal year 2024, reflecting core business profitability. This is down 39.0 percentage points from the prior year.

Net Margin
-73.9%
YoY-40.7pp
5Y CAGR-11.6pp
10Y CAGR+2948.0pp

Vislink Technologies Inc's net profit margin was -73.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 40.7 percentage points from the prior year.

Return on Equity
-119.1%
YoY-94.5pp
5Y CAGR+76.4pp
10Y CAGR-3.1pp

Vislink Technologies Inc's ROE was -119.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 94.5 percentage points from the prior year.

Capital Allocation

R&D Spending
$4.6M
YoY+30.6%
5Y CAGR+7.1%
10Y CAGR-5.0%

Vislink Technologies Inc invested $4.6M in research and development in fiscal year 2024. This represents an increase of 30.6% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$519K
YoY-25.6%
5Y CAGR+5.3%
10Y CAGR+14.5%

Vislink Technologies Inc invested $519K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 25.6% from the prior year.

VISL Income Statement

Metric Q4'24 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23 Q2'23 Q1'23
Revenue $3.4M-52.4% $7.1M-18.8% $8.7M+1.2% $8.6M+6.5% $8.1M+12.4% $7.2M+42.4% $5.0M-29.8% $7.2M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses $1.6M+41.0% $1.2M+20.1% $966K+20.9% $799K-21.1% $1.0M+25.8% $805K-11.3% $908K+18.4% $767K
SG&A Expenses $5.3M+5.6% $5.0M-14.7% $5.9M+11.8% $5.3M+8.6% $4.9M+1.7% $4.8M+2.4% $4.7M-6.9% $5.0M
Operating Income -$14.1M-332.1% -$3.3M-27.1% -$2.6M-60.5% -$1.6M+37.9% -$2.6M-12.4% -$2.3M+32.3% -$3.4M-44.1% -$2.3M
Interest Expense -$5.9M-198.0% $6.0M+6796.6% $87K-4.4% $91K+1720.0% $5K-97.5% $202K-8.2% $220K+65.4% $133K
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income -$14.3M-374.2% -$3.0M-32.6% -$2.3M-139.5% -$948K+60.1% -$2.4M-20.5% -$2.0M+34.9% -$3.0M-72.4% -$1.8M
EPS (Diluted) N/A $-1.22-31.2% $-0.93-138.5% $-0.39 N/A $-0.83+34.6% $-1.27 $-0.74

VISL Balance Sheet

Metric Q4'24 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23 Q2'23 Q1'23
Total Assets $26.2M-35.2% $40.4M-9.3% $44.6M-3.1% $46.0M+2.2% $45.0M-5.8% $47.8M-3.9% $49.7M-2.5% $51.0M
Current Assets $21.3M-38.6% $34.7M-9.2% $38.2M-2.9% $39.4M+2.3% $38.5M-6.5% $41.1M-4.6% $43.1M-2.5% $44.2M
Cash & Equivalents $5.5M+71.2% $3.2M-43.1% $5.6M-29.0% $8.0M-6.2% $8.5M+17.2% $7.2M-34.0% $11.0M-21.9% $14.0M
Inventory $7.6M-50.5% $15.3M+2.6% $14.9M+0.1% $14.9M+6.0% $14.0M+3.6% $13.5M+2.7% $13.2M+9.9% $12.0M
Accounts Receivable $6.0M-27.8% $8.3M-13.3% $9.5M+5.6% $9.0M+3.9% $8.7M+17.2% $7.4M+28.9% $5.7M-10.0% $6.4M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $9.0M+6.6% $8.4M-18.5% $10.3M+8.3% $9.5M+19.1% $8.0M-12.3% $9.1M+0.6% $9.1M+16.6% $7.8M
Current Liabilities $8.3M+8.8% $7.6M-17.7% $9.2M+12.6% $8.2M+22.3% $6.7M-13.0% $7.7M+3.0% $7.5M+23.7% $6.1M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $17.2M-46.2% $32.0M-6.6% $34.2M-6.1% $36.4M-1.4% $37.0M-4.3% $38.6M-4.9% $40.6M-5.9% $43.2M
Retained Earnings -$329.7M-4.5% -$315.5M-1.0% -$312.4M-0.7% -$310.2M-0.3% -$309.2M-0.8% -$306.9M-0.6% -$304.9M-1.0% -$301.9M

VISL Cash Flow Statement

Metric Q4'24 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23 Q2'23 Q1'23
Operating Cash Flow -$2.8M-23.3% -$2.3M-43.6% -$1.6M-1703.4% -$89K+97.6% -$3.8M-34.2% -$2.8M-7.9% -$2.6M-330.6% -$602K
Capital Expenditures $0-100.0% $177K-11.1% $199K+39.2% $143K-27.0% $196K+142.0% $81K-66.8% $244K+37.9% $177K
Free Cash Flow -$2.8M-14.5% -$2.5M-37.6% -$1.8M-677.6% -$232K+94.1% -$4.0M-37.3% -$2.9M-1.5% -$2.8M-264.1% -$779K
Investing Cash Flow $5.0M+2924.9% -$177K+11.1% -$199K-40.1% -$142K-102.9% $4.8M+1481.1% -$350K-43.4% -$244K+97.8% -$10.9M
Financing Cash Flow -$174K-4.8% -$166K N/A N/A -$198K-1.0% -$196K-51.9% -$129K-53.6% -$84K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

VISL Financial Ratios

Metric Q4'24 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23 Q2'23 Q1'23
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin -418.9%-372.7pp -46.1%-16.7pp -29.5%-10.9pp -18.6%+13.3pp -31.9%0.0pp -31.9%+35.2pp -67.1%-34.4pp -32.7%
Net Margin -424.4%-381.8pp -42.6%-16.5pp -26.1%-15.1pp -11.0%+18.4pp -29.4%-2.0pp -27.4%+32.6pp -60.0%-35.6pp -24.4%
Return on Equity -82.9%-73.5pp -9.4%-2.8pp -6.6%-4.0pp -2.6%+3.8pp -6.4%-1.3pp -5.1%+2.4pp -7.4%-3.4pp -4.1%
Return on Assets -54.5%-47.1pp -7.4%-2.4pp -5.1%-3.0pp -2.1%+3.2pp -5.3%-1.1pp -4.1%+2.0pp -6.1%-2.6pp -3.5%
Current Ratio 2.58-2.0 4.56+0.4 4.14-0.7 4.79-0.9 5.73+0.4 5.33-0.4 5.76-1.5 7.30
Debt-to-Equity 0.52+0.3 0.26-0.0 0.30+0.0 0.26+0.0 0.22-0.0 0.24+0.0 0.22+0.0 0.18
FCF Margin -84.5%-49.4pp -35.1%-14.4pp -20.7%-18.0pp -2.7%+46.3pp -49.0%-8.9pp -40.1%+16.1pp -56.2%-45.4pp -10.8%

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