Vislink Technologies Inc Stock Price, News & Analysis

Vislink (Nasdaq: VISL) has secured a $2.8 million contract to upgrade the microwave distribution system for Alabama Public Television (APT) to support ATSC 3.0 transmission. The project entails upgrading 30 locations with high-speed IP components from Vislink, enhancing the network's capability for live video transmission. Work is anticipated to start in early summer 2021 and conclude by year-end, incorporating redundancy features to minimize signal disruption.

Vislink successfully supported the live broadcasts of the Cheltenham Festival and Grand National Festival using their advanced Radio Frequency (RF) camera technology. In partnership with RaceTech, these events featured remote cameras that significantly enhanced the coverage for channels like Racing TV and Sky Sports Racing. During the All Weather Championships, Vislink's equipment delivered high-quality visuals, showcasing horse racing action effectively. The company emphasized its commitment to providing innovative and low-cost broadcasting solutions, especially during the pandemic.

Vislink collaborates with NEP Group to enhance the Extreme E off-road electric racing series, which aims to raise awareness of climate change and promote sustainability and gender diversity. The inaugural season started on April 2, 2021, in Saudi Arabia and spans four continents. Vislink's advanced RF technology will provide unique live broadcast experiences, showcasing challenges faced by various ecosystems. NEP will supply comprehensive production solutions, including remote production capabilities and connectivity. This partnership emphasizes both sustainability and community engagement.

Vislink (Nasdaq: VISL) reported a strong fourth quarter for 2020, with revenues reaching $7 million, a 40% increase from Q3. The company's total revenue for 2020 was $22.9 million, a decline from $28.9 million in 2019. A significant $50 million capital raise and proactive spending cuts improved liquidity and operational stability. Notably, the SATCOM sector experienced a 13% revenue increase and bookings surged by 52% year-over-year. Although the company faced a net loss of $17.6 million, management expressed optimism for 2021, focusing on growth through strategic investments and recovering market conditions.

Vislink (Nasdaq: VISL) will announce its financial results for the year ending December 31, 2020, on March 31, 2021. A live webcast will be held on April 1, 2021, at 10:00 a.m. ET, where management will review the results and provide a business update. The company specializes in high-quality live video collection, delivery, and management across various sectors, including broadcast and defense. For more details, visit www.vislink.com.

Vislink (NASDAQ: VISL) announced the launch of its Quantum IP-native wireless camera receiver, designed to enhance production flexibility and operational efficiency. The Quantum receiver supports up to 16 RF inputs, enabling robust coverage and improved video quality while reducing equipment costs. Its built-in SRT capability allows for low-cost video transmission over the internet, making remote production more viable. This new technology positions Vislink for growth in the evolving broadcast landscape, catering to increased demand for flexible and cost-effective production solutions.

Vislink has joined the European Broadcasting Union’s 5G in Content Production Group (5GCP), aimed at enhancing 5G technology applications in live video production. David Edwards, Vislink's Live Production Product Manager, represents the company to standardize 5G use cases across multiple genres. This comes alongside the launch of Vislink's Connected Edge solution, which leverages IP connectivity for improved video delivery. CEO Mickey Miller emphasizes the importance of 5G for achieving lower latency and high capacity in live production.

Vislink (NASDAQ: VISL) announced a new order exceeding $4 million from the U.S. Department of Defense for handheld intelligence, surveillance, and reconnaissance (ISR) devices. This order showcases Vislink's continued partnership with the military, emphasizing the demand for its rugged, lightweight receivers that deliver real-time, high-resolution video from aerial platforms. The company's ultra-low latency equipment enhances situational awareness across various applications, solidifying its position as an industry leader.

Vislink (NASDAQ: VISL) has appointed Joe Carson as Vice President of Global Operations and Service to enhance supply chain efficiency and expand its services portfolio. He will collaborate closely with CEO Mickey Miller and the executive team. Carson, an accomplished supply chain leader, previously held key roles at Micron Technology, Lucent Technologies, and Juniper Networks. His expertise aligns with Vislink's goal to support its Connected Edge concept and pursue operational growth.