Announcement • Nov 25
Vislink Technologies, Inc. Promotes Raj Kotecha to Senior Vice President of Sales & Support Vislink Technologies, Inc. announced the promotion of Raj Kotecha to Senior Vice President of Sales and Support. Raj will step up from his previous role as VP Strategic Accounts, where he played a pivotal role in expanding Vislink’s footprint across global broadcast and public safety markets. Over his tenure, he has worked closely with many of the world’s leading broadcasters to deliver advanced, reliable, and innovative live video solutions that set new standards in performance and flexibility, while also establishing Vislink as a trusted provider to public safety organizations in Europe, Scandinavia and the Americas. Raj brings more than 20 years of experience in broadcast and wireless communications, with a proven track record of enabling customers to capture, transmit, and distribute live content securely and efficiently. In his new role, Raj will lead Vislink’s global RF sales and support organization, driving growth across all key market sectors and building on the company’s recent momentum in both commercial and government domains. His focus will include strengthening customer relationships, expanding Vislink’s international partner network, and aligning sales strategy with Vislink’s next-generation product roadmap incorporating AI and 5G bonded solutions. Announcement • Sep 09
Vislink Technologies, Inc. Unveils Meshconnect: Transforming Live Production with Scalable, Cost-Efficient Wireless Networking Vislink Technologies, Inc. announced the launch of MeshConnect, a breakthrough private wireless mesh solution designed to reshape the economy and flexibility of live production. MeshConnect is a rugged, high-performance IP mesh node that creates a self-forming, self-healing network capable of supporting more than 500 nodes. This makes it ideal for productions of any size, from compact studio shoots to large-scale sporting events and festivals. By reducing reliance on expensive cabling and temporary infrastructure, MeshConnect delivers a more cost-efficient approach to live production while providing the flexibility to scale seamlessly as requirements grow. In addition to its scalability and cost benefits, MeshConnect is designed for flexibility. Dual-band operation ensures optimum coverage and resilience across varied environments, while interoperability with multi-vendor cameras, comms, and control systems provides true workflow freedom. Its ultra-low latency performance makes it ideal for critical live applications such as tally, intercom, and PTZ camera control, while its rugged IP54-rated build and sub-60-second boot time mean it is ready to perform in the toughest conditions. With MeshConnect, Vislink reinforces its commitment to delivering innovative solutions that empower production teams to achieve more coverage, at lower cost, and without compromise on quality or reliability. Announcement • Sep 03
Vislink Technologies, Inc. Launches Mobile Private 5G Live Production Solution with Grass Valley and Acromove At IBC 2025 Vislink Technologies, Inc. has partnered with Grass Valley and Acromove to debut a flexible new end-to-end live production solution powered by private 5G. Launching at IBC 2025, the system is designed to meet the growing demand for high-quality, low-latency content delivery from any location. Combining the expertise of three industry leaders, the solution delivers a highly portable, secure, and fully integrated workflow for next-generation live production. The solution connects Grass Valley's leading LDX 100 cameras with Vislink's INCAM-GV 5G wireless camera transmitter and Acromove's secure private 5G network system. The result is a seamless workflow from capture to production that enables faster turnaround, reduced infrastructure costs, and greater operational flexibility for broadcasts of any size or nature. With quick deployment times, low latency, and resilience against public network congestion, the private 5G backbone ensures deterministic performance under the most demanding conditions. Built with security at its core, it offers SIM-based access control, fully isolated private spectrum, and encrypted links to safeguard content and control signals. The joint solution's highly portable architecture means rapid deployment is possible in minutes - ideal for live sports, breaking news, and remote event coverage which may require camera to quickly be moved to alternative locations. Broadcasters benefit from cost and footprint savings through reduced reliance on OB trucks, minimized satellite usage, and smaller onsite crews, all without compromising quality. Live demonstrations of the solution will take place at the IBC trade show on the Vislink stand 10.C27 and the Grass Valley Stand 9.A01. Announcement • Jul 15
Vislink Technologies, Inc. Debuts Aero5 at APSCON 2025 Vislink Technologies, Inc. announced the debut of it groundbreaking Aero5 live video transmission system at APSCON 2025, taking place July 17-18 in Phoenix, AZ. Designed for high-performance air-to-ground missions, Aero5 is the world's fastest and most powerful 5G bonded cellular airborne video transmitter, setting a new benchmark for live aerial video intelligence. Built for law enforcement, public safety, and broadcast applications, Aero5 delivers low-latency 4K UHD video from helicopters, fixed-wing aircraft, and UAVs to command centers, field teams, and studios. It supports up to eight bonded 5G modems, with optional Starlink and other Low Earth Orbit (LEO) satellite integration for uninterrupted transmission - even in rural or infrastructure-poor areas. Integrated with Vislink's secure, cloud-native LinkMatrix platform, users can monitor, control, and route live feeds through a single web interface. Features include real-time stream switching, remote encoder configuration, AES encryption, and full cloud compatibility. LinkMatrix simplifies operations across multi-agency missions such as Search and Rescue (SAR), medevac, border patrol, surveillance and wildfire response by aggregating and managing video sources from any location, on any device. Aero5 also supports hybrid deployments with Vislink's COFDM-based AeroLink transmitter, enabling both line-of-sight and beyond-line-of-sight operations. At APSCON, Vislink will also showcase its full Air-to-Anywhere ecosystem, including: AeroLink - Proven low-latency RF transmitter for line-of-sight transmission; Mobile Commander - Rugged, portable control station for managing live video feeds; CIRAS-X6 - Secure, encrypted receiver protecting mission-critical data. Together, these solutions deliver scalable, high-throughput video capabilities for diverse mission-critical operations. Live demonstrations of Aero5 and Vislink's other Airborne Video Downlink Systems solutions will be available at booth #717 during the show. Announcement • Jun 19
Vislink Technologies, Inc. Launches Industry-First eSIM Support Across 5G Bonded Cellular Devices Vislink Technologies, Inc. announced it has become the first provider to fully integrate eSIM technology across its 5G/LTE bonded cellular product line. This advancement eliminates the need for physical SIM cards and enables remote SIM provisioning directly through LinkMatrix, Vislink's cloud-based live video control and management platform. The new eSIM capabilities dramatically streamline how broadcasters connect to mobile networks - giving broadcasters, content creators and first responders instant network flexibility and rapid connectivity control, without physical SIM card handling. By integrating eSIM functionality directly into its 5G/LTE bond cellular solutions, Vislink enables customers to: Remotely activate and manage eSIM profiles without needing to swap SIM cards in the field; Switch between multiple network providers instantly, depending on coverage, cost, or location; Top up data or purchase new eSIMs on demand through a centralized, cloud-based interface; Ensure operational continuity, especially in time-critical live broadcasts or emergency response scenarios. This means crews on the move can stay connected without delays - vital in dynamic live environments such as news reporting, sports broadcasting, public safety missions, and disaster response. At the core of this innovation is LinkMatrix, Vislink' cloud-native platform that offers end-to-end management of devices, connections, and data. With LinkMatrix, users can: Provision and manage bonded cellular units remotely; Monitor bandwidth, signal quality, and eSIM usage in real time; Access a marketplace of Vislink eSIM profiles and data plans; Scale operations with centralized, always-available control. The new eSIM support is now available across Vislink's range of bonded cellular live video transmission solutions, including DragonFly V 5G, HCAM5, INCAM-GV 5G, LiveLink, UltraLink Air and its air-to-ground transmitter, Aero5. Announcement • Jun 04
Vislink Technologies, Inc. Appoints William J. Bender, USAF, Lt. Gen. (Ret.) to Its Board of Directors, Effective June 1, 2025 Vislink Technologies, Inc. announced the appointment of William J. Bender, USAF, Lt. Gen. (Ret.) to its Board of Directors, effective June 1, 2025. Lt. Gen. Bender brings a distinguished record of leadership in the technology, cybersecurity, and defense sectors. With over 34 years of outstanding service in the United States Air Force, culminating in his role as Chief Information Officer, Bender has deep expertise in strategic IT planning, cyber operations, and governance. His post-military career has included executive leadership and board positions at major technology and defense firms, including his tenure as Senior Vice President at Leidos and current board roles at Anametric, GrammaTech, and Tangram Flex. Lt. Gen. Bender has held senior advisory and consulting roles with several firms in the defense and technology sectors, including ManTech Corp, Varonis, IT Cadre, Electrosoft Services, BYOS, Keeper Technology, and Smartsheet. He also served as Board Chair of AFCEA International, a 34,000-member global nonprofit focused on communications, IT, intelligence, and global security, and as a member of the Board of the National Defense University Foundation, where he chaired the Financial Committee. Announcement • May 13
Vislink Technologies Files Form 15 Vislink Technologies, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Common Stock was $0.00001 per share. Announcement • Mar 18
Vislink Technologies, Inc. to Report Q4, 2024 Results on Mar 31, 2025 Vislink Technologies, Inc. announced that they will report Q4, 2024 results on Mar 31, 2025 Announcement • Feb 02
Vislink Technologies Announces Delisting from Nasdaq and Potential SEC Deregistration Vislink Technologies, Inc. announced that it has provided notification to The Nasdaq Stock Market, LLC of its intent to voluntarily delist the Company’s common stock, par value $0.00001 per share (the “Common Stock”), from the Nasdaq Capital Market. Vislink expects to file a Form 25 (Notification of Removal from Listing) with the Securities and Exchange Commission (the “SEC”) and Nasdaq relating to the delisting of its Common Stock on or about February 10, 2025. The removal of the Common Stock from Nasdaq will be effective 10 days after the filing of the Form 25. The withdrawal of the Common Stock from listing and registration is being undertaken following a determination by the Company’s Board of Directors (the “Board”) that such delisting and deregistration is in the best interest of the Company and the holders of its Common Stock. The Board’s decision was based on a careful review of numerous factors, including but not limited to, the lack of an active trading market for the Company’s securities, the required resources and expenses relating to continued Securities Exchange Act of 1934 and Nasdaq disclosure and reporting requirements and related regulatory burdens which have resulted and would continue to result in significant operating expense and attention of the Company’s management team. Following the delisting, the Company expects that the Common Stock will be quoted for trading on a market operated by the OTC Markets Group Inc. (the “OTC”) so that a trading market may continue to exist for such securities. There is no guarantee, however, that a broker will continue to make or maintain a market in the Common Stock. “We believe delisting will help us realize significant savings in both time and resources that will allow us to better focus our energies on developing new products and customers that will deliver greater shareholder value in the long term,” said Mickey Miller, CEO of Vislink. New Risk • Dec 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$8.72m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.5m free cash flow). Market cap is less than US$10m (US$8.72m market cap). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$3.2m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Major Estimate Revision • Nov 21
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$35.1m to US$31.2m. Forecast losses increased from -US$2.58 to -US$3.28 per share. Communications industry in the US expected to see average net income growth of 46% next year. Consensus price target down from US$12.00 to US$9.00. Share price fell 2.7% to US$4.33 over the past week. Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$1.22 loss per share (further deteriorated from US$0.83 loss in 3Q 2023). Revenue: US$7.07m (down 1.6% from 3Q 2023). Net loss: US$3.01m (loss widened 53% from 3Q 2023). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to stay flat during the next 3 years compared to a 8.2% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Nov 08
Vislink Technologies, Inc. to Report Q3, 2024 Results on Nov 14, 2024 Vislink Technologies, Inc. announced that they will report Q3, 2024 results on Nov 14, 2024 Announcement • Sep 03
Vislink Technologies, Inc. Announces Appointment of Joseph Lipowski as Chief Technology Officer Vislink Technologies, Inc. announced the appointment of Joseph Lipowski as its new Chief Technology Officer (CTO). A renowned RF and wireless expert, Mr. Lipowski brings over two decades of extensive experience leading high-performance technical teams and overcoming complex communication challenges in demanding environments. At Vislink, Mr. Lipowski will focus on advancing the company's technological offerings, ensuring Vislink continues to deliver world-class live video and data solutions that meet the evolving needs of its customers. Mr. Lipowski has a distinguished record of driving groundbreaking projects that have set new standards in the communications industry. Before joining Vislink, he held several key leadership positions where he played a crucial role in advancing RF system design, software development, and digital beamforming technologies. Most recently, he was Co-Founder and Chief Technology Officer at Starry, Inc., a wireless internet service provider and technology developer. Prior to that, he was Co-Founder and Chief Technology Officer at Aereo, Inc., a live video internet streaming service. He has also held senior engineering roles at LoJack, Lucent and Andrew Corporation. Notably, his expertise includes oversight for cost-effective supply chain selection, ensuring that innovative solutions are delivered with precision and efficiency. Mr. Lipowski holds a Master of Science in Electrical Engineering from the University of Michigan, Ann Arbor, and a Bachelor of Science in Electrical Engineering from the Massachusetts Institute of Technology, Cambridge, MA. New Risk • Aug 22
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$8.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$8.9m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.5m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Market cap is less than US$100m (US$17.2m market cap). Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 58% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$1.63 to -US$2.58 per share. Revenue forecast unchanged at US$35.1m. Communications industry in the US expected to see average net income growth of 50% next year. Consensus price target of US$12.00 unchanged from last update. Share price fell 3.4% to US$6.90 over the past week. Reported Earnings • Aug 15
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: US$0.93 loss per share (improved from US$1.27 loss in 2Q 2023). Revenue: US$8.70m (up 73% from 2Q 2023). Net loss: US$2.27m (loss narrowed 25% from 2Q 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 86%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Vislink Technologies, Inc. to Report Q2, 2024 Results on Aug 14, 2024 Vislink Technologies, Inc. announced that they will report Q2, 2024 results on Aug 14, 2024 Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Brian Krolicki was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jun 19
Vislink Technologies, Inc., Annual General Meeting, Aug 07, 2024 Vislink Technologies, Inc., Annual General Meeting, Aug 07, 2024. Announcement • May 30
Vislink Technologies, Inc. Launches New INCAM-GV RF and 5G Transmitters for Latest Grass Valley Cameras Vislink Technologies, Inc. has announced the release of its INCAM-GV RF and 5G wireless transmitters designed exclusively for Grass Valley's new LDX 135 RF and LDX 150 RF cameras. This launch marks a pivotal advancement in live production technology, offering broadcasters unparalleled production freedom, flexibility and image quality. The INCAM-GV is a fully integrated HEVC 4K UHD, HDR-ready wireless system tailored to enhance the Grass Valley LDX 100 Series live production cameras. This latest wireless transmitter available in RF and 5G versions delivers full broadcast quality encoding at 4K UHD, 1080p, 1080i, and 720p, complete with camera control. The integration ensures the total flexibility that comes from wireless transmission and the delivery of high-quality, immersive viewing experiences to audiences, making it an essential tool for modern broadcasting. Unveiled at NAB 2024, the Grass Valley LDX 135 RF and LD X 150 RF cameras provide the same cutting-edge camera technology as their non-RF counterparts, now with the added benefit of integrated wireless transmission capabilities. The INCAM-GV leverages this by utilizing HEVC video coding technology, allowing broadcast organizations to deliver high-quality images over less RF bandwidth or over longer ranges than was previously possible. Key features of the INCAM-GV include: Full Compatibility: Designed to fit perfectly with the mechanical and operational profile of the LDX 135 RF and LDx 150 RF. Licensable Frequency Bands: Provides flexibility for rapid, in-field changes to transmission settings. High Efficiency Video Coding (HEVC): Ensures superior image quality with reduced bandwidth usage. Announcement • May 03
Vislink Technologies, Inc. to Report Q1, 2024 Results on May 15, 2024 Vislink Technologies, Inc. announced that they will report Q1, 2024 results on May 15, 2024 Announcement • Apr 02
Vislink Technologies, Inc. announced delayed annual 10-K filing On 04/01/2024, Vislink Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Mar 19
Vislink Technologies, Inc. to Report Q4, 2023 Results on Apr 01, 2024 Vislink Technologies, Inc. announced that they will report Q4, 2023 results at 12:30 PM, US Eastern Standard Time on Apr 01, 2024 Announcement • Feb 14
Vislink Technologies, Inc. Appoints Adrian Lambert as Vice President of Marketing Vislink Technologies, Inc. announced the appointment of Adrian Lambert as its new Vice President of Marketing. In this role, he will lead all strategic marketing planning and operations for Vislink to support the Company's ambitious growth plans. Adrian Lambert is a strategic marketing leader with over 20 years of experience successfully scaling international private and publicly listed companies in the technology and manufacturing sectors. Lambert joins Vislink from cloud video editing leader Blackbird, where he built the brand from scratch and collaboratively led rapid global growth for the business. The Marketing Leaders’ Power Book 2022 ranked him among the top media technology marketers globally. He is a Fellow of the Chartered Institute of Marketing and a Science graduate of the University of Newcastle in the UK. Announcement • Jan 04
Vislink Technologies, Inc Appoints Christopher DeSalvo as Chief Financial Officer Vislink Technologies, Inc. announced the appointment of Christopher DeSalvo as its Chief Financial Officer and Vice President of Operations, effective immediately. DeSalvo is a distinguished leader with a proven track record of leading significant financial and operational transformations in large-scale enterprises. He began his career at First Union National Bank, focusing on capital markets and corporate finance, and progressively held various roles in finance, risk management, and strategic planning. This led to him becoming the Chief Financial Officer for Business Banking and Small Business Capital at Wachovia. Subsequently, DeSalvo served as the CFO for the Southeast and Mid-Atlantic regions, overseeing 20 successful merger integrations, including those with SouthTrust and Signet. In his most recent role as Shared Services and Operations Executive at Paychex, DeSalvo led initiatives resulting in substantial annual savings, operational excellence, and robust client engagement. His expertise in building and deploying operational infrastructures and processes significantly enhanced service delivery and operational efficiency, contributing to significant growth in revenue and EPS. Paul Norridge will transition from his role as Chief Financial Officer of the Company to the position of Vice President of Finance. He will serve in this capacity until March 31, 2024, at which point he will become an advisor to the Company as needed. This transition is part of a mutually agreed plan and reflects a shared commitment to ensure a smooth and effective transition. Vislink expresses its gratitude to Mr. Norridge for his contributions over the past 15 years. Announcement • Jan 02
Vislink Technologies, Inc Announces Appointment of Bill Sweeney as the Managing Director of Its Milgov Business Vislink Technologies, Inc. announced the appointment of Bill Sweeney as the Managing Director of its MilGov business. His appointment is a strategic move following Vislink’s acquisition of Broadcast Microwave Services (BMS) assets in September 2023. Sweeney is an esteemed leader in the Airborne Video Downlink Systems (AVDS) industry, and he joins Vislink with over a decade of experience in roles that transformed Troll Systems Corporations and Broadcast Microwave Services. His contributions at these companies were instrumental in establishing significant domestic and international client relationships, leading to notable business successes. His expertise in building high-performance sales teams has been pivotal in driving revenue growth. Before his tenure at Troll Systems Corporations and Broadcast Microwave Services, Sweeney held various sales positions at Tilera, Axiom Microdevices, REMEC, and Cisco Systems. He is an alumnus of San Diego State University, holding a Bachelor of Arts in Economics. New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.24m market cap). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$7.2m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: US$0.83 loss per share (improved from US$1.16 loss in 3Q 2022). Revenue: US$7.18m (flat on 3Q 2022). Net loss: US$1.97m (loss narrowed 28% from 3Q 2022). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Announcement • Oct 27
Vislink Technologies, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Vislink Technologies, Inc. announced that they will report Q3, 2023 results on Nov 08, 2023 Announcement • Sep 16
Vislink Technologies, Inc. (NasdaqCM:VISL) acquired majority of assets from Broadcast Microwave Services, Inc. Vislink Technologies, Inc. (NasdaqCM:VISL) acquired majority of assets from Broadcast Microwave Services, Inc. on September 15, 2023. Vislink Technologies, Inc. (NasdaqCM:VISL) completed the acquisition of majority of assets from Broadcast Microwave Services, Inc. on September 15, 2023. Reported Earnings • Aug 13
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: US$1.27 loss per share (further deteriorated from US$1.10 loss in 2Q 2022). Revenue: US$5.04m (down 25% from 2Q 2022). Net loss: US$3.03m (loss widened 20% from 2Q 2022). Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 90%. Revenue is expected to decline by 4.2% p.a. on average during the next 2 years, while revenues in the Communications industry in the US are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Vislink Technologies, Inc. to Report Q2, 2023 Results on Aug 11, 2023 Vislink Technologies, Inc. announced that they will report Q2, 2023 results on Aug 11, 2023 New Risk • Jul 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.8m net loss next year). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (US$13.7m market cap). Announcement • May 27
Vislink Technologies, Inc., Annual General Meeting, Aug 23, 2023 Vislink Technologies, Inc., Annual General Meeting, Aug 23, 2023. Major Estimate Revision • May 22
Consensus EPS estimates upgraded to US$2.47 loss, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$31.2m to US$30.1m. 2023 losses expected to reduce from -US$3.20 to -US$2.47 per share. Communications industry in the US expected to see average net income growth of 17% next year. Consensus price target down from US$20.00 to US$12.00. Share price was steady at US$5.44 over the past week. Announcement • May 17
Vislink Technologies Receives Letter from the Nasdaq Notifying the Company Regains Compliance with the Bid Price Rule As previously disclosed, on November 18, 2022, Vislink Technologies, Inc. received a delisting determination letter from the staff of the Nasdaq Stock Market LLC (“Nasdaq”) because the Company’s common stock, par value $0.00001 per share (the “Common Stock”), had not achieved a minimum bid price of $1.00 per share for a minimum of 10 consecutive trading days, as required for continuing listing of the Common Stock on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). After submitting a request to Nasdaq, the Company was provided an additional grace period of 180 days, or until May 15, 2022, to regain compliance with the Bid Price Rule. On January 11, 2023, the Company held a special meeting of stockholders at which the stockholders approved an amendment to the Company’s certificate of incorporation to implement a reverse split of the Common Stock (the “Reverse Stock Split”), which was implemented by the Company effective May 1, 2023. The purpose of the Reverse Stock Split was to seek to increase the price of the Common Stock and thereby to potentially regain compliance with the Bid Price Rule. On May 15, 2023, the Company received a letter from the Nasdaq notifying the Company that it had regained compliance with the Bid Price Rule, and as a result, the Common Stock continues to trade on the Nasdaq Capital Market. If in the future, the Company fails to satisfy the continued listing requirements of Nasdaq, such as its corporate governance requirements or the Bid Price Rule, Nasdaq may take steps to delist the Common Stock. Reported Earnings • May 16
First quarter 2023 earnings released: US$0.74 loss per share (vs US$1.21 loss in 1Q 2022) First quarter 2023 results: US$0.74 loss per share (improved from US$1.21 loss in 1Q 2022). Revenue: US$7.19m (flat on 1Q 2022). Net loss: US$1.76m (loss narrowed 37% from 1Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 29
Full year 2022 earnings released: US$0.29 loss per share (vs US$0.38 loss in FY 2021) Full year 2022 results: US$0.29 loss per share (improved from US$0.38 loss in FY 2021). Revenue: US$28.4m (down 16% from FY 2021). Net loss: US$13.6m (loss narrowed 17% from FY 2021). Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Brian Krolicki was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Dec 22
CEO, President & Director recently bought US$290k worth of stock On the 19th of December, Carleton Miller bought around 705k shares on-market at roughly US$0.41 per share. This transaction amounted to 58% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Carleton's only on-market trade for the last 12 months. Major Estimate Revision • Nov 21
Consensus revenue estimates fall by 14% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$32.7m to US$28.2m. Forecast losses increased from -US$0.16 to -US$0.23 per share. Communications industry in the US expected to see average net income growth of 24% next year. Consensus price target down from US$1.75 to US$1.25. Share price fell 5.2% to US$0.38 over the past week. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: US$0.058 loss per share (down from US$0.015 profit in 3Q 2021). Revenue: US$7.11m (down 37% from 3Q 2021). Net loss: US$2.74m (down US$3.42m from profit in 3Q 2021). Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 200%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 45% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$36.2m to US$33.3m. Losses expected to increase from US$0.11 per share to US$0.16. Communications industry in the US expected to see average net income growth of 21% next year. Consensus price target down from US$2.00 to US$1.75. Share price fell 22% to US$0.54 over the past week. Reported Earnings • Aug 16
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$0.055 loss per share (down from US$0.018 loss in 2Q 2021). Revenue: US$6.76m (down 11% from 2Q 2021). Net loss: US$2.53m (loss widened 203% from 2Q 2021). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 67%. Over the next year, revenue is forecast to grow 8.5%, compared to a 7.8% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Major Estimate Revision • May 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$35.7m to US$37.1m. Forecast EPS reduced from -US$0.08 to -US$0.11 per share. Communications industry in the US expected to see average net income growth of 19% next year. Consensus price target of US$2.00 unchanged from last update. Share price fell 5.1% to US$0.65 over the past week. Reported Earnings • May 17
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: US$0.06 loss per share. Revenue: US$7.15m (up 75% from 1Q 2021). Net loss: US$2.77m (loss widened 3.7% from 1Q 2021). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 4.6%, compared to a 9.5% growth forecast for the industry in the US. Price Target Changed • Apr 27
Price target decreased to US$2.00 Down from US$300, the current price target is provided by 1 analyst. New target price is 156% above last closing price of US$0.78. Stock is down 73% over the past year. The company is forecast to post a net loss per share of US$0.08 next year compared to a net loss per share of US$0.38 last year. Reported Earnings • Apr 02
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: US$0.36 loss per share (up from US$1.19 loss in FY 2020). Revenue: US$33.9m (up 48% from FY 2020). Net loss: US$16.4m (loss narrowed 6.7% from FY 2020). Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 322%. Over the next year, revenue is forecast to grow 11%, compared to a 9.9% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS US$0.015 (vs US$0.17 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$11.2m (up 134% from 3Q 2020). Net income: US$676.0k (up US$3.47m from 3Q 2020). Profit margin: 6.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: US$0.036 loss per share (vs US$0.053 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: US$15.1m (up 151% from 2Q 2020). Net loss: US$1.67m (loss widened 115% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 03
Full year 2020 earnings released: US$1.19 loss per share (vs US$12.08 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$22.9m (down 21% from FY 2019). Net loss: US$17.6m (loss narrowed 2.6% from FY 2019). Is New 90 Day High Low • Feb 04
New 90-day high: US$3.14 The company is up 153% from its price of US$1.24 on 05 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 27% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: US$2.00 The company is up 49% from its price of US$1.34 on 16 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: US$1.67 The company is up 31% from its price of US$1.27 on 23 September 2020. The American market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 19% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: US$0.17 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$4.78m (down 4.6% from 3Q 2019). Net loss: US$2.79m (loss narrowed 44% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 77% per year, which means it is significantly lagging earnings.