Vislink Technologies Inc Stock Price, News & Analysis

Vislink Technologies (NASDAQ: VISL) announced the grant of 200,000 restricted stock units (RSUs) to Michel Bais, Managing Director of Mobile Viewpoint B.V., as an inducement for employment. The RSUs are structured to vest over a 36-month period, with 25% vesting after one year and the remainder monthly, contingent upon Bais's ongoing employment. This move aligns with Nasdaq Listing Rule 5635(c)(4) and aims to enhance talent retention and align interests with shareholders.

Vislink (Nasdaq: VISL) reported a strong Q2 2021, with revenues reaching $7.6 million, an 85% increase from Q1 2021. The company significantly reduced its net loss to $834,000, compared to $2.7 million in Q1. Orders increased over 250% in the first half of 2021, aided by the acquisition of Mobile Viewpoint for $18.3 million and substantial contracts with the U.S. Department of Defense. EBITDA loss improved to $578,000 from $2.4 million in Q1, while gross margins grew to 52.8%. The company ended Q2 with $55.5 million in cash, supporting its growth strategy.

Vislink has successfully completed the acquisition of Mobile Viewpoint for $18.3 million (€15.5 million), enhancing its position in the live video market. The acquisition involves a €14.8 million stock purchase and €700,000 in assumed debt. Mobile Viewpoint, known for its innovative mobile live streaming solutions, will expand Vislink's capabilities in 5G and AI technologies. This strategic move aims to meet the surging demand for high-quality live video and leverage emerging networks.

Vislink (Nasdaq: VISL) plans to release its financial results for the quarter ended June 30, 2021, on August 16, 2021. A live webcast will be held on August 17, 2021, at 10:00 a.m. ET, where management will discuss the company's performance and provide updates on business operations.

Vislink specializes in high-quality video and data collection, serving broadcast, surveillance, and defense markets. The company's ongoing focus on technology solutions aims to enhance video intelligence for various applications.

Vislink (Nasdaq: VISL) announced impressive initial sales exceeding $6 million for three new products launched in 2021: IP Link 3.0, Quantum Receiver, and DVE 6100, all released in Q1. These results surpass company forecasts and reflect strong customer demand and market traction. The IP Link 3.0 offers advanced studio-transmitter linking, while the Quantum Receiver improves workflows in live video production. The DVE 6100 enhances satellite communications efficiency, targeting various sectors including broadcast and defense.

Vislink (NASDAQ: VISL) announces that its 2021 Annual Meeting of Stockholders was adjourned without conducting any business due to lack of quorum. The meeting is rescheduled for August 18, 2021, at 9:00 a.m. ET, allowing stockholders more time to vote on proposals outlined in the proxy statement filed with the SEC. The meeting will occur virtually at the same link. Stockholder participation is crucial, and assistance for proxy submission is available by calling Kingsdale Advisors.

Vislink (NASDAQ: VISL) announced its inclusion in the Russell Microcap Index effective after the U.S. market open on June 30, 2021. This recognition underscores the company's growth and dedication to delivering high-quality video and data solutions in the broadcast, law enforcement, and defense markets. CEO Mickey Miller emphasized the importance of this achievement as a testament to the hard work of their team. Membership in this index signifies Vislink's alignment with relevant growth and value style indexes, as determined by FTSE Russell based on market capitalization.

Vislink (NASDAQ: VISL) has announced that its 2021 annual meeting of stockholders, originally scheduled for June 21, 2021, will be convened and adjourned due to lack of quorum. The meeting is now set to reconvene on July 19, 2021, at 9:00 a.m. Eastern Time. This extension provides more time for stockholders to vote on proposals outlined in the proxy statement, filed with the SEC on April 30, 2021, and supplemented on June 17, 2021. The meeting will take place virtually at the same link provided.

Vislink (NASDAQ: VISL) has announced a significant order from the U.S. Department of Defense valued at over $3.8 million. This order is for handheld intelligence, surveillance, and reconnaissance (ISR) receiver devices and accessories, aimed at enhancing military operations with high-resolution, real-time video. The equipment is designed to provide mission-critical, ultra-low latency video that improves tactical decision-making. CEO Mickey Miller emphasized the company's strong relationship with the military, highlighting the demand for secure video data delivery.