Vislink Technologies Inc Stock Price, News & Analysis

Vislink (NASDAQ: VISL) has secured a significant contract with Asharq News, a 24/7 Arabic television network, to supply six Mantis MSAT satellite antennas. This deal will enhance low-latency financial news transmission throughout key Arab capitals including Riyadh, Cairo, and Abu Dhabi. CEO Mickey Miller emphasized the contract's importance in providing unprecedented access to economic news in the region. The Mantis MSAT antennas feature rapid deployment capabilities, operational within five minutes, making them ideal for extreme environments.

Vislink Technologies (NASDAQ: VISL) announced a definitive agreement for a registered direct offering of 18,181,820 shares and warrants to purchase an additional 9,090,910 shares at $2.75 per share. The warrants will be exercisable at $3.25, expiring in five years. This offering is slated to close around February 8, 2021, contingent on customary conditions. A.G.P./Alliance Global Partners is the sole placement agent, and the offering follows an SEC-approved shelf registration statement.

Vislink (NASDAQ: VISL) has announced the launch of its new DVE6100 encoder, enhancing satellite bandwidth efficiency for network operators. The DVE6100 utilizes advanced HEVC video compression and DVB-S2X satellite modulation technology, achieving a 50% reduction in leased satellite bandwidth costs compared to previous technologies. This allows broadcasters to maximize payload data rates while minimizing transmission expenses. The DVE6100 supports various resolutions, including 4K, and can encode multiple channels simultaneously, offering significant operational cost savings and improved content delivery capabilities.

Vislink (Nasdaq: VISL) has launched the IP Link 3.0, an ATSC 3.0 advanced Studio-Transmitter Link system designed to enhance broadcasting quality. This system facilitates higher audio and video quality, interactivity, and engages viewers with immersive experiences. It also offers low-cost deployment and robust RF links, enabling broadcasters to explore new revenue streams amidst challenges posed by the global pandemic. Furthermore, it includes a public safety feature for emergency alerts and supports remote education, catering to underserved areas.

Vislink Inc. (Nasdaq: VISL) has announced its membership in the Grass Valley Technology Alliance (GVTA), enhancing its product offerings and expanding its customer base. The GVTA certification program, initiated in 2019, provides customers with increased purchasing confidence by ensuring interoperability of systems with Grass Valley products. Vislink aims to leverage this partnership to deliver compelling content amid ongoing viewer isolation during the pandemic. The company offers the INCAM-HG Integral Wireless Camera Transmitter, a state-of-the-art solution for live video broadcasting.

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.