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Vislink Technologies develops systems for capturing, transmitting, managing, and distributing high-quality live video and associated data. Company news centers on real-time video communications for defense, public safety, law enforcement, broadcast, and media and entertainment customers, including airborne video downlink systems, RF transmission, bonded cellular, 5G, cloud-based control, and AI-driven technologies.
Recurring updates include government and defense contracts, public safety deployments, product launches such as Aero5, MeshConnect, and LinkMatrix enhancements, and financial results tied to the company’s shift toward higher-margin military and government markets. News also covers leadership changes, operational efficiency initiatives, and demand trends across legacy broadcast and newer secure live-video applications.
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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.