Welcome to our dedicated page for Vislink Technologies news (Ticker: VISL), a resource for investors and traders seeking the latest updates and insights on Vislink Technologies stock.
Vislink Technologies Inc (VISL) provides mission-critical live video and data transmission solutions for broadcasters, defense agencies, and public safety organizations worldwide. This news hub offers investors and industry professionals direct access to official company announcements and strategic updates.
Track VISL's latest developments across key operational areas including wireless communication systems, satellite transmission innovations, and defense sector applications. Our curated collection features earnings reports, product launch details, partnership announcements, and technology milestones.
Stay informed about Vislink's advancements in microwave radio systems, cellular solutions, and surveillance technologies through verified press releases. Bookmark this page for real-time updates on the company's global initiatives in broadcast journalism and secure video intelligence markets.
Vislink Technologies, Inc. (Nasdaq: VISL) reported Q3 2020 revenues of $4.8 million, down from $5 million in Q3 2019. The net loss was $2.8 million ($0.17 per share) compared to a loss of $5 million ($2.41 per share) in the prior year. EBITDA improved to a negative $2.4 million from a negative $4.7 million. Cash on hand at the end of Q3 was $3.1 million, with gross margins at 31.8%. The CEO cited pandemic-related challenges impacting demand and supply chains but noted cost-saving measures achieving $5 million in expected savings. Positive product innovations were introduced, with optimism for future growth.
Vislink Technologies (NASDAQ: VISL) plans to announce its Q3 results on November 12, 2020, followed by a webcast hosted by CEO Carleton Miller and CFO Michael Bond on November 13, 2020. The webcast will occur at approximately 10:00 a.m. ET, allowing investors to submit questions.
Vislink Technologies specializes in advanced communication solutions across various sectors, including military and government, for over 50 years. For further information, interested parties can visit www.vislink.com.
Vislink Technologies (Nasdaq: VISL) has partnered with KCSA Strategic Communications to enhance its investor relations and communications strategy. This collaboration aims to improve awareness of Vislink's offerings in live video and data management, targeting markets like military and government. CEO Carleton Miller highlighted a strategic turnaround and focus on growth through innovation in wireless solutions. KCSA will help position Vislink's technology as industry-leading, reinforcing stakeholder confidence and preparing for new contract opportunities in 2021.
Vislink Technologies reported an 11% revenue increase for Q2 2020, reaching $6 million, a rise from $5.4 million in Q1 2020 despite the pandemic impact. EBITDA improved by $3.5 million compared to the previous quarter, although it remains negative at $421,000. The company ended Q2 with cash reserves of $5.1 million, significantly up from $2.5 million in Q1. The net loss narrowed to $778,000 or $(0.05) per share, enhancing from a $4.4 million loss in Q1 2020. Vislink is focusing on operational efficiencies and capital allocation to growth areas.
Vislink Technologies (NASDAQ: VISL) will release its Q2 2020 results on August 13, 2020. A webcast with CEO Carleton Miller and CFO Michael Bond will follow on August 14, 2020, at 10:00 a.m. ET for detailed earnings updates. Vislink Technologies specializes in advanced communication solutions for live production, military, and government sectors, marking over 50 years of industry leadership.
Potential risks include challenges in meeting business objectives and dependence on specific product sales.
Vislink Technologies (Nasdaq: VISL) announced a 1-for-6 reverse stock split effective July 31, 2020, at 5 p.m. ET. Trading on a split-adjusted basis will begin on August 3, 2020. CEO Mickey Miller highlighted this move as a step in their operational turnaround, aiming to maintain Nasdaq listing and improve capital access. The company also mentioned the engagement of Continental Stock Transfer & Trust Company for shareholder exchanges. Challenges remain, including dependence on specific products for revenue and potential effects from economic downturns, including COVID-19.
Vislink Technologies is set to hold its 2020 Annual Meeting of Stockholders on June 30, 2020, at 11:00 a.m. ET, via remote communication. Shareholders can access the meeting through a specific link, ensuring they maintain their rights to participate despite the virtual format. The company has highlighted its commitment to providing reliable connectivity in various sectors, including military and government. Vislink's innovative solutions are recognized for their high-definition communication capabilities.
Vislink Technologies (NASDAQ: VISL) announced the adjournment of its Annual Meeting of Stockholders from June 17, 2020, to June 30, 2020. This decision aims to give retail shareholders more time to vote on various proposals, especially Proposal Number 3, which seeks authorization for a potential reverse stock split ranging from one-for-five to one-for-fifty. The meeting will be held remotely, and shareholders are encouraged to participate.
For voting assistance, stockholders can contact Laurel Hill Advisory Group at 888-742-1305.
Vislink Technologies, Inc. (NASDAQ: VISL) announced its expanded collaboration with Movicom, focusing on innovative wearable cameras for live sports. Their latest developments include Refcams for hockey, showcased at the Champions Hockey League, and new camera systems like Earcam and UmpireCam for various sports applications. These systems improve broadcast capabilities and athlete engagement. The miniaturized IMT Dragonfly transmitter enhances portability and efficiency. The company continues to lead in advanced communication solutions.
Vislink Technologies announced that RaceTech in the UK is utilizing its RF Cameras and Point-to-Point Links for live horse racing coverage, resuming after a 76-day lockdown. RaceTech, operational since 1946, supports the racing industry with advanced technology, including over 50 Vislink systems across 11 production vehicles. The company is set to cover about 1,500 race fixtures this year, enhancing the viewing experience for fans eager for live sports. Vislink emphasizes reliability and quality in its products, which have been integral to RaceTech's operations for over 18 years.
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