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 (Nasdaq: VISL) has appointed Gateway Group, Inc. to spearhead its investor relations program. This collaboration aims to refine the company’s messaging and enhance its corporate positioning within the financial community.
Gateway will provide strategic advisory services, help organize roadshows, and facilitate introductions to key institutional investors and analysts. CEO Mickey Miller emphasized Vislink's improved market stance following a transformational acquisition and successful product launches in 2022, with a focus on boosting recurring revenue through software and services sales.
With a $52 million sales pipeline primarily in public safety and live broadcast markets, this fresh approach is seen as vital for increasing visibility and expanding the shareholder base.
Vislink (Nasdaq: VISL) will showcase groundbreaking remote broadcasting technology at NAB 2023, introducing the world's first integrated COFDM and cellular bonding solution for remote production. Key innovations include the 5G-Link, which offers seamless bi-directional communication between wireless cameras and production centers, and an updated Quantum receiver, integrating COFDM and cellular bonding for enhanced efficiency. These advancements aim to optimize broadcasting workflows, particularly in high-demand environments, minimizing on-site support needs while enhancing production capabilities.
Vislink Technologies reported its preliminary unaudited results for 2022, revealing a revenue of $28.4 million, down from $33.9 million in 2021. The company's gross margins decreased to 47%, compared to 55% the previous year. However, Vislink achieved a 40% growth in public safety and a 31% increase in live production areas in 2022. The company plans to target a 90/10 revenue split between hardware and software/services in 2023, aiming for software to contribute around 10% of revenue, potentially increasing profit margins. Additionally, management announced the appointment of Paul Norridge as the new CFO, effective April 1, 2023.
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