Vislink Reports Second Quarter 2026 Financial Results
Rhea-AI Summary
Vislink (OTC: VISL) reported Q2 2026 revenue of $5.9 million, up 22.6% year-over-year and 9.7% sequentially, with H1 2026 revenue of $11.3 million, up 19.6% versus H1 2025. Q2 gross margin was 57.4%, and H1 gross margin was 61.0% compared to 61.7% a year earlier.
The company delivered its second consecutive quarter of positive EBITDA, with Q2 2026 GAAP EBITDA profit of $43,000 and non-GAAP EBITDA profit of $0.1 million. H1 2026 EBITDA was $145,000, versus a loss of $4.6 million in H1 2025, while operating expenses fell 37.2% year-over-year in Q2 and 36.1% in H1. Live Production revenue rose 27.2% year-over-year and 106.9% sequentially; MilGov revenue grew 45.9% in Q2 and 103.4% for H1. Vislink ended Q2 with $2.8 million in cash, down $1.4 million from year-end, and highlighted ongoing R&D in defense/public safety, AI-enabled CRM rollout, and expanding U.S. Federal and European channel partnerships.
Positive
- Q2 2026 revenue $5.9M, up 22.6% YoY and 9.7% QoQ
- H1 2026 revenue $11.3M, up 19.6% versus H1 2025
- Second consecutive positive EBITDA quarter with Q2 GAAP EBITDA profit of $43K
- Operating expenses down 37.2% YoY in Q2; H1 opex down 36.1%
- MilGov revenue up 103.4% year-over-year in H1 2026
- Live Production revenue up 27.2% YoY and 106.9% sequentially in Q2 2026
Negative
- Net loss $167K in Q2 2026 and $203K in H1 2026
- Cash balance $2.8M, down $1.4M from December 31, 2025
- Gross margin 61.0% H1 2026, slightly below 61.7% in H1 2025
- Accounts payable $3.1M vs. $2.4M at year-end, indicating higher short-term obligations
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company Delivers Second Consecutive Quarter of Positive EBITDA; Non-GAAP EBITDA Profit of
Q2 Revenue of
H1 2026 Revenue of
Operating Expenses Decline
Continued investment in R&D and Business Development in the Defense Sector
MT. OLIVE, N.J., Aug. 14, 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 second quarter and six months ended June 30, 2026.
CEO Commentary
“Vislink delivered its second consecutive quarter of positive EBITDA in Q2 2026, and for the first half of the year EBITDA turned positive at
“Live Production revenue strengthened materially, up
Second Quarter and First Half 2026 Highlights
Financial Performance
- Q2 2026 revenue of
$5.9 million increased22.6% from Q2 2025 and9.7% sequentially from Q1 2026. - Q2 gross margin of
57.4% , down from Q1 2026’s65.0% as revenue mix shifted back toward lower-margin Live Production. - Q2 non-GAAP EBITDA profit of
$0.1 million (GAAP EBITDA profit of$43 K) marked the Company’s second consecutive quarter of positive EBITDA, compared to a non-GAAP EBITDA loss of$1.9 million in Q2 2025. - Operating expenses of
$3.6 million declined37.22% year-over-year, with G&A expenses down37.9% from Q2 2025. - First half 2026 revenue of
$11.3 million increased19.6% year-over-year; first half EBITDA of$145 K compares to a loss of$4.6 million in H1 2025, a swing of more than$4.7 million . - Cash balance of
$2.8 million at June 30, 2026, down$1.4 million from December 31, 2025, primarily reflecting inventory build and receivables timing.
Strategic Transformation and Market Development
- MilGov revenue more than doubled from the first half of 2025, up
103.4% . - Live Production revenue increased
27.2% year-over-year and106.9% sequentially in Q2 2026, led by demand across Asia and the Americas. - U.S. Federal/Department of War business development initiative continues to build momentum, with active engagement across U.S. defense agencies; new formal partner agreements executed with regional and national channel partners, and new prime engagements underway with several leading defense system integrators.
- Expanded European market development has generated more than 45 meetings and 20 qualified leads across the region; the Company is progressing two potential beachhead partnerships in Europe.
New Products and Technology Development
- Continued investment of our R&D resources in Defense and Public Safety product lines.
- Tactical 5G Node development continues, targeting a low-SWaP, all-in-one network node with AI/ML capabilities. Expect to have beta deployments in Q4 2026.
- Aero5 and Aero5 Antenna DO-160 qualification testing is progressing, targeting aviation-certified availability to address growing demand from OEMs and public safety customers.
- LiveLink/Playout Server FIPS 140-3 certification is underway, a key differentiator on active opportunities with U.S. defense agencies.
Marquee Events and Global Partnerships
- Continued to support marquee live sports and broadcast productions across North America, Europe, and the Middle East, and shipped a key studio program to a leading North American broadcaster during the quarter.
AI Initiative
- Company-wide AI initiative targeting improved time-to-market, quality, and customer support at lower cost, with a goal of increasing revenue per employee toward
$500,000 over time. - New AI-enabled CRM is completing rollout at the end of August 2026, replacing our legacy CRM platform at a fraction of the cost; quote-to-order cycle time has already begun to compress.
Financial Discussion
Revenue
Revenue of
Gross Margin
Gross margin of
Operating Expenses and EBITDA
Operating expenses of
Cash and Working Capital
The Company ended the second quarter with
Business Outlook
The Company’s first-half performance reflects continued progress on its cost transformation and margin expansion.
On the U.S. State and Local front, the Company expects to see orders for projects that were delayed due to the U.S. Government shutdown, and the U.S. Federal/Department of War market continues to advance active opportunities with U.S. defense agencies, alongside a growing set of formal channel and prime partnerships. In Europe, the Company is progressing two potential beachhead partnerships targeting definitive agreements in Q4 2026.
Management expects operating expenses to continue to decline as the Company’s AI initiative and strategic transition take full effect, and remains focused on converting its pipeline into revenue, sustaining EBITDA profitability, and prudently managing working capital and liquidity.
| VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA) | ||||||||
| June 30, 2026 | December 31, 2025 | |||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 2,777 | $ | 4,159 | ||||
| Accounts receivable, net | 3,927 | 3,369 | ||||||
| Inventories, net | 6,436 | 5,632 | ||||||
| Prepaid expenses and other current assets | 1,161 | 989 | ||||||
| Total current assets | 14,301 | 14,149 | ||||||
| Right-of-use assets, operating leases | 472 | 569 | ||||||
| Property and equipment, net | 1,382 | 1,574 | ||||||
| Intangible assets, net | 1,764 | 2,006 | ||||||
| Total assets | $ | 17,919 | $ | 18,298 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 3,118 | $ | 2,448 | ||||
| Accrued expenses | 1,526 | 1,576 | ||||||
| Notes payable | 155 | 76 | ||||||
| Operating lease obligations, current | 272 | 322 | ||||||
| Accrued restructuring costs | 156 | 200 | ||||||
| Customer deposits and deferred revenue | 3,121 | 3,908 | ||||||
| Total current liabilities | 8,348 | 8,530 | ||||||
| Operating lease obligations, net of current portion | 262 | 372 | ||||||
| Deferred tax liabilities | 250 | 292 | ||||||
| Total liabilities | 8,860 | 9,194 | ||||||
| Commitments and contingencies (See Note 12) | ||||||||
| Stockholders’ equity | ||||||||
| Preferred stock, | — | — | ||||||
| Common stock, | — | — | ||||||
| Additional paid-in capital | 349,579 | 349,413 | ||||||
| Accumulated other comprehensive loss | (1,080 | ) | (1,072 | ) | ||||
| Treasury stock, at cost – 133 shares on June 30, 2026, and December 31, 2025, respectively | (277 | ) | (277 | ) | ||||
| Accumulated deficit | (339,163 | ) | (338,960 | ) | ||||
| Total stockholders’ equity | 9,059 | 9,104 | ||||||
| Total liabilities and stockholders’ equity | $ | 17,919 | $ | 18,298 | ||||
| VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (IN THOUSANDS, EXCEPT NET LOSS PER SHARE DATA) | ||||||||||||||||
| For the Three Months Ended | For the Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Revenue, net | $ | 5,886 | $ | 4,800 | $ | 11,252 | $ | 9,407 | ||||||||
| Cost of revenue and operating expenses | ||||||||||||||||
| Cost of revenue: | ||||||||||||||||
| Cost of components and personnel | 2,552 | 1,812 | 4,260 | 3,444 | ||||||||||||
| Inventory valuation write-downs | (45 | ) | 76 | 126 | 160 | |||||||||||
| Total cost of revenue | 2,507 | 1,888 | 4,386 | 3,604 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| General and administrative expenses | 2,432 | 3,919 | 4,891 | 8,292 | ||||||||||||
| Research and development expenses | 786 | 1,331 | 1,641 | 2,293 | ||||||||||||
| Restructuring costs | 113 | 160 | 189 | 173 | ||||||||||||
| Depreciation and amortization | 246 | 272 | 502 | 546 | ||||||||||||
| Total operating expenses | 3,577 | 5,682 | 7,223 | 11,304 | ||||||||||||
| Total cost of revenue and operating expenses | 6,084 | 7,570 | 11,609 | 14,908 | ||||||||||||
| Loss from operations | (198 | ) | (2,770 | ) | (357 | ) | (5,501 | ) | ||||||||
| Other income (expense) | ||||||||||||||||
| Realized loss of investments in debt securities | — | — | — | (46 | ) | |||||||||||
| Other income (loss) | 1 | 392 | 1 | 404 | ||||||||||||
| Dividend income | 15 | 25 | 121 | 49 | ||||||||||||
| Interest (loss) income, net | (2 | ) | (4 | ) | (3 | ) | 3 | |||||||||
| Total other income | 14 | 413 | 119 | 410 | ||||||||||||
| Net loss before income taxes | (184 | ) | (2,357 | ) | (238 | ) | (5,091 | ) | ||||||||
| Income taxes | ||||||||||||||||
| Deferred tax benefits | 17 | 29 | 35 | 58 | ||||||||||||
| Net loss attributable to common shareholders | $ | (167 | ) | $ | (2,328 | ) | $ | (203 | ) | $ | (5,033 | ) | ||||
| Net loss per share attributable to common shareholders: | ||||||||||||||||
| Basic and diluted loss per share | $ | (0.07 | ) | $ | (0.94 | ) | $ | (0.08 | ) | $ | (2.04 | ) | ||||
| Weighted average number of shares outstanding: | ||||||||||||||||
| Basic and diluted | 2,479 | 2,467 | 2,479 | 2,467 | ||||||||||||
| Comprehensive loss: | ||||||||||||||||
| Net loss | $ | (167 | ) | $ | (2,328 | ) | $ | (203 | ) | $ | (5,033 | ) | ||||
| Unrealized gain (loss) on currency translation adjustment | (10 | ) | 457 | (8 | ) | 600 | ||||||||||
| Total comprehensive loss | $ | (177 | ) | $ | (1,871 | ) | $ | (211 | ) | $ | (4,433 | ) | ||||
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations about future events and are predictions based on our current expectations and assumptions. We caution readers that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified, and, consequently, the actual performance of Vislink Technologies, Inc. may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, our ability to sustain EBITDA profitability, our ability to execute our strategic transformation toward Military/Government markets, U.S. Federal budget dynamics and their impact on defense procurement, our ability to develop and introduce new products and to secure customer orders for such products, competition, and other factors described from time to time in our reports filed with the OTC Disclosure & News Service. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.
About Vislink Technologies, Inc.
Vislink Technologies is a global technology leader in capturing, delivering, and managing high-quality live video and associated data. With a renowned heritage in video communications spanning over 50 years, Vislink has revolutionized live video communications by delivering the highest-quality video from the scene, even in the most challenging transmission conditions, enabling broadcasters, defense, and public safety agencies to capture and share live video seamlessly and securely. Vislink provides live streaming solutions using RF, bonded cellular, 5G, and AI-driven technologies. Vislink’s shares of common stock are publicly traded on the OTCID Basic Market under the ticker symbol “VISL.”
For more information, please visit www.vislink.com.
Investor Relations & Media Contact
investors@vislink.com
