Vislink Reports First Quarter 2026 Financial Results

Rhea-AI Summary

Vislink (VISL) reported Q1 2026 revenue of $5.4 million, up 17% year-over-year and 2% sequentially. Gross margin reached 65.0%, supported by higher-margin Military/Government (MilGov) sales and a $0.2 million obsolete stock provision release.

The company achieved its first non-GAAP EBITDA profit of $0.2 million (GAAP EBITDA $0.1 million) versus a $2.2 million loss a year ago. Operating expenses fell to $3.6 million, down 35.1% year-over-year and 37.9% sequentially, with G&A reduced by over $1 million.

MilGov revenue grew 158.9% year-over-year and 92.6% sequentially, contributing the majority of Q1 revenue. Vislink ended the quarter with $3.7 million in cash and a cash outflow of $0.5 million, and it forecasts cash to be neutral in Q2 2026.

AI-generated analysis. Not financial advice.

Positive

• Q1 2026 revenue $5.4 million, up 17% year-over-year and 2% sequentially
• Gross margin expanded to 65.0% in Q1 2026
• First non-GAAP EBITDA profit of $0.2 million; GAAP EBITDA $0.1 million
• Operating expenses reduced to $3.6 million, down 35.1% year-over-year
• Military/Government revenue up 158.9% year-over-year, majority of Q1 revenue
• Q1 2026 cash outflow reduced to $0.5 million; Q2 cash forecast neutral

Negative

• Company still recorded cash outflow of $0.5 million in Q1 2026

Key Figures

Q1 2026 revenue: $5.4 million Q1 2026 gross margin: 65.0% Non-GAAP EBITDA: $0.2 million +5 more

8 metrics

Q1 2026 revenue $5.4 million Up 17% vs Q1 2025 and 2% vs Q4 2025

Q1 2026 gross margin 65.0% Expanded vs prior-year quarter on higher MilGov mix

Non-GAAP EBITDA $0.2 million First quarter of EBITDA profitability; vs $(2.2)M in Q1 2025

GAAP EBITDA $0.1 million Q1 2026 EBITDA on GAAP basis

Operating expenses $3.6 million Down 35.1% YoY and 37.9% sequentially

Year-end cash balance $3.7 million Year-end cash; Q1 2026 cash outflow improved vs prior periods

Q1 2026 cash outflow $0.5 million Quarterly cash use, improved due to better trading results

MilGov revenue growth 158.9% YoY; 92.6% sequential Military/Government revenue growth vs Q1 2025 and Q4 2025

Market Reality Check

Price: $3.23 Vol: Volume 5,310 is 1.31x the...

normal vol

$3.23 Last Close

Volume Volume 5,310 is 1.31x the 20-day average of 4,065, indicating elevated trading activity ahead of this earnings release. normal

Technical Price at 2.71 trades 15.31% below the 52-week high of 3.2, 89.51% above the 52-week low of 1.43, and above the 200-day MA of 2.04.

Peers on Argus

VISL declined 6.55% while key peers were mixed: HPNN rose 44.44%, NVRVF fell 1.7...

VISL declined 6.55% while key peers were mixed: HPNN rose 44.44%, NVRVF fell 1.71%, and others were flat to slightly positive. This points to a stock-specific reaction rather than a broad communication-equipment move.

Previous Earnings Reports

5 past events · Latest: Apr 15 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 15	Quarter & year results	Positive	-5.2%	Q4 2025 revenue growth, higher margins, lower opex, MilGov mix shift.
May 02	Quarter & year results	Negative	+0.4%	Full-year 2024 larger net loss despite slight revenue gain and restructuring.
Nov 14	Quarterly results	Negative	-32.6%	Q3 2024 revenue dip, wider net loss, lower gross margin and restructuring plan.
Aug 14	Quarterly results	Positive	+5.5%	Q2 2024 revenue up 73% YoY, higher gross margin and improved net loss.
May 15	Quarterly results	Positive	+5.8%	Q1 2024 revenue up 20%, margin gains, narrower net loss and strong cash.

Pattern Detected

Earnings headlines have often coincided with downside moves, with an average same-tag move of -5.24% and several past quarters seeing declines despite operational improvements.

Recent Company History

Recent earnings reports show Vislink in a multi-quarter transformation. Q2 and Q1 2024 highlighted strong revenue growth and improving margins, while Q3 2024 and full-year 2024 results showed restructuring, larger losses, and cost-cut plans. Q4 2025 emphasized a shift toward military/government customers, expanding gross margin to 55% and cutting operating expenses by 29%. Today’s Q1 2026 update extends this trajectory with EBITDA profitability, higher MilGov mix, and further cost discipline.

Historical Comparison

-5.2% avg move · In the past five earnings releases, VISL’s average move was -5.24%. Today’s -6.55% reaction to EBITD...

earnings

-5.2%

Average Historical Move earnings

In the past five earnings releases, VISL’s average move was -5.24%. Today’s -6.55% reaction to EBITDA-positive Q1 2026 results sits slightly below that typical earnings-day pattern.

Across these earnings updates, Vislink has moved from revenue volatility and sizeable losses toward higher gross margins, cost reductions, and a growing military/government mix, culminating in Q1 2026 EBITDA profitability.

Market Pulse Summary

This announcement highlights a key milestone as Vislink reached EBITDA profitability in Q1 2026 on r...

Analysis

This announcement highlights a key milestone as Vislink reached EBITDA profitability in Q1 2026 on revenue of $5.4 million and a 65.0% gross margin, while cutting operating expenses to $3.6 million. The company’s mix continues shifting toward military and government customers, and cash outflow improved to $0.5 million. Investors may watch upcoming quarters for sustained MilGov growth, further margin expansion, and cash-flow trends as the transformation progresses.

Key Terms

non-gaap, ebitda, do-160

3 terms

non-gaap financial

"we delivered EBITDA profitability—a non-GAAP EBITDA profit of $0.2 million"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

ebitda financial

"we delivered EBITDA profitability—a non-GAAP EBITDA profit of $0.2 million"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

do-160 technical

"Aero5 and Aero5 Antenna DO-160 qualification testing progressing; DO-160 qualification also underway"

DO-160 is a technical standard that specifies environmental tests—such as temperature extremes, vibration, humidity and electromagnetic interference—that aircraft electronics and components must pass to demonstrate they can survive real-world flight conditions. For investors, a DO-160 qualification is like a durability badge: it lowers regulatory and reliability risk, helps products win aerospace customers, and can reduce the chance of costly redesigns or service problems.

AI-generated analysis. Not financial advice.

MT. OLIVE, N.J., May 15, 2026 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (“Vislink” or the “Company”) (OTCID: VISL), a global leader in real-time video communications for the defense, public safety, and broadcast markets, today reported financial and operational results for the first quarter ended March 31, 2026.

CEO Commentary

“Q1 2026 was a landmark quarter for Vislink,” said Mickey Miller, Chief Executive Officer. “For the first time in the Company’s recent history, we delivered EBITDA profitability—a non-GAAP EBITDA profit of $0.2 million versus a loss of $2.2 million in the same quarter last year. Revenue of $5.4 million increased 17% from the prior year period and 2% sequentially from Q4 2025, supported by strong order intake in Q4 that translated into healthy Q1 shipments. Gross margin of 65.0% expanded meaningfully from the prior year quarter, driven by a favorable mix shift toward Military/Government solutions and continued pricing discipline. Operating expenses declined 35% year-over-year as the full-year benefit of our restructuring actions took hold, and G&A costs fell more than $1 million from Q1 2025. These results reflect the disciplined execution of our transformation strategy and give us real confidence that the model is working.”

“The acceleration of our Military/Government business is particularly encouraging. MilGov revenue increased 159% year-over-year and 93% sequentially from Q4 2025, and shipments against established European Public Safety and Military of Defense contracts were key highlights in the quarter. On the U.S. Federal front, our dedicated business development initiative continues to build momentum—we have now submitted eight RFI responses year-to-date across priority defense and homeland security agencies. Our capabilities align well with important initiatives in the UAS, C-UAS, and 5G Department of War priorities. We are also making significant progress with our AI initiative, which is already targeting additional savings and is reshaping how we operate across sales, engineering, and customer service. We enter Q2 with solid operational momentum, and we remain focused on sustaining revenue growth, continuing to expand margins, and delivering long-term value for our shareholders.”

A video commentary from CEO Mickey Miller can be seen here.

Consolidated balance sheets and the full report can be downloaded here.

First Quarter 2026 and Recent Highlights

Financial Performance

• Q1 2026 revenue of $5.4 million increased 17% from Q1 2025 and 2% sequentially from Q4 2025.
• Q1 gross margin of 65.0%, driven by a favorable mix shift toward higher-margin MilGov solutions and a $0.2 million release of obsolete stock provision;
• Q1 non-GAAP EBITDA profit of $0.2 million marked the Company’s first quarter of EBITDA profitability, compared to a non-GAAP EBITDA loss of $2.2 million in Q1 2025; GAAP EBITDA profit was $0.1 million.
• Operating expenses of $3.6 million declined 35.1% year-over-year and 37.9% sequentially, with G&A expenses down more than $1.0 million from Q1 2025.
• Year-end cash balance of $3.7 million; cash outflow of $0.5 million in the quarter represented a significant improvement from prior periods, primarily reflecting improved trading results; cash is forecast to be neutral in Q2 2026.
  
  

Strategic Transformation and Market Development

• Military/Government revenue increased 158.9% year-over-year and 92.6% sequentially from Q4 2025, with MilGov contributing the majority of Q1 revenue and continuing to advance the Company’s strategic transformation.
• Successfully shipped against landmark MilGov contracts, including a large European Public Safety organization and a European Ministry of Defense order.
• U.S. Federal/Department of War business development initiative reached a total of eight opportunity responses year-to-date. Active engagement on multiple ISR opportunities.
• New federal channel partner program being established.
  
  

New Products and Commercial Wins

• Aero5 and Aero5 Antenna DO-160 qualification testing progressing; DO-160 qualification also underway, targeting aviation-certified system availability to address growing demand from OEMs and public safety customers.
• CLIQ2 and HCAM5 (GoalCam) on track for delivery; MeshConnect High Throughput and Return capabilities in development.
• New product development underway based on requirement discovery with US Department of War.
  
  

Marquee Events and Global Partnerships

• Continued to support the world’s most demanding live production environments, including Formula 1, MotoGP, the NFL, NHL, Premier League, the Academy Awards, the Emmys, and many others.
• Notable Q1 orders included $425,000 from a large US-based sports broadcaster and $432,000 from a European Horse Racing Event producer.
  
  

AI Initiative

• Formally launched a company-wide AI initiative targeting additional savings, reducing time to market, and improving quality and reliability.
  
  

A video commentary from CEO Mickey Miller can be seen here.

Consolidated balance sheets and the full report can be downloaded here.

Investor Relations & Media Contact

Investor Relations:
investors@vislink.com

Media Contact:
Ben Yelton, Marketing Manager
ben.yelton@vislink.com

FAQ

How did Vislink (VISL) perform financially in Q1 2026?

Vislink reported Q1 2026 revenue of $5.4 million, up 17% year-over-year. According to the company, gross margin reached 65.0%, while non-GAAP EBITDA turned positive at $0.2 million compared with a $2.2 million loss in Q1 2025.

Did Vislink (VISL) achieve EBITDA profitability in Q1 2026?

Yes, Vislink achieved its first quarter of non-GAAP EBITDA profitability in Q1 2026. The company reported non-GAAP EBITDA of $0.2 million and GAAP EBITDA of $0.1 million, compared with a non-GAAP EBITDA loss of $2.2 million a year earlier.

How did Military/Government revenue impact Vislink (VISL) in Q1 2026?

Military/Government revenue grew 158.9% year-over-year and 92.6% sequentially in Q1 2026. According to Vislink, MilGov contributed the majority of quarterly revenue, supported by shipments to European public safety and defense customers under established contracts.

What were Vislink (VISL) operating expenses in Q1 2026?

Vislink reported Q1 2026 operating expenses of $3.6 million, down 35.1% year-over-year. The company indicated expenses also declined 37.9% sequentially, with general and administrative costs reduced by more than $1.0 million compared with Q1 2025.

What was Vislink (VISL) cash position and cash flow in Q1 2026?

Vislink ended Q1 2026 with a cash balance of $3.7 million and a cash outflow of $0.5 million. According to the company, this reflected improved trading results, and cash is forecast to be neutral in the second quarter of 2026.

What strategic initiatives did Vislink (VISL) highlight for Q1 2026?

Vislink highlighted a growing Military/Government business, new federal channel partner efforts, and progress on Aero5, CLIQ2, and HCAM5 products. The company also launched a company-wide AI initiative aimed at cost savings, faster time to market, and improved quality.

What notable orders did Vislink (VISL) secure in Q1 2026?

In Q1 2026, Vislink received a $425,000 order from a large US sports broadcaster and a $432,000 order from a European horse racing event producer. These wins support its presence in high-profile live sports and entertainment production markets.