Revolutionary Aero5 Enables 4K UHD Live Video Transmission Over 5G for Airborne Surveillance and Live Broadcast Mt. Olive, New Jersey, March 05, 2025 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (OTCQB: VISL) a global technology leader in the capture, delivery, and management of high-quality live video and associated data in the defense, public safety and broadcast sectors, announces its participation at Verticon 2025, the premier event for helicopter technology solutions. Taking place from March 11-13 i ...

Mt. Olive, NJ, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (Nasdaq: VISL) (“Vislink” or the “Company”), a global technology leader in the capture, delivery, and management of high-quality, live video and associated data in the media and entertainment, public safety, and defense markets, today announced that it has provided notification to The Nasdaq Stock Market, LLC (“Nasdaq”) of its intent to voluntarily delist the Company’s common stock, par value $0.00001 per share (the “Common Stock”), ...

Core Insights - Vislink Technologies has partnered with Radio Television Malaysia (RTM) to enhance RTM's broadcasting capabilities through an advanced infrastructure upgrade, valued at over $1 million [1][2]. Group 1: Partnership Details - The partnership involves deploying Vislink's 4K UHD portable IP-based transmission solution, which includes the Quantum Encoder and high-speed, bi-directional IP links [2]. - This technology will enable RTM to deliver high-quality 4K UHD video from remote locations, enhancing live media broadcasts across its nationwide television channels [2][3]. Group 2: Strategic Importance - RTM views this collaboration as a strategic advancement in its commitment to providing high-quality, real-time content to viewers, aligning with its vision for the future of media [3]. - The partnership is expected to support RTM's transition to IP-based workflows and higher resolutions, positioning it at the forefront of next-generation broadcasting standards [2][3]. Group 3: Company Positioning - Vislink Technologies is recognized as a leader in capturing, delivering, and managing high-quality live video, with over 50 years of experience in video communications [6]. - The company aims to redefine live content production by leveraging its expertise in IP and software-driven infrastructure, particularly in the dynamic Asia-Pacific region [3][6].

Latest Partnership Reinforces Vislink’s Position as an Innovation Leader in Advanced Media Solutions Across Asia-Pacific Mt. Olive, New Jersey, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (NASDAQ: VISL), a global technology leader in the capture, delivery, and management of high-quality live video and associated data in the defense, public safety and broadcast sectors, announced its latest partnership with Radio Television Malaysia (RTM) to deploy an advanced Vislink system in a significant ...

Core Insights - Vislink Technologies, Inc. has launched the DragonFly V 5G, a compact bonded cellular miniature transmitter that enhances live video streaming capabilities with 5G connectivity [1][2][7] - The new transmitter is designed to meet the demands of live broadcast production, allowing for real-time high-definition video capture and transmission from various locations [2][4] Product Features - **5G Bonding Connectivity**: Compatible with both public and private 5G networks, providing greater bandwidth and reliable video streaming [3] - **Compact and Lightweight Design**: Weighs only 82 grams, making it suitable for drones and body-worn cameras [3] - **High-Definition Video Support**: Capable of capturing and streaming video in formats up to 1080p 50/60 HDR [3] - **Versatile Inputs**: Supports HDMI and SDI connections for easy integration into production workflows [3] - **Low Power Consumption**: Optimized for extended use in the field without sacrificing performance [3] - **Unmatched Reliability**: Engineered for robust performance in challenging environments [3] Applications Across Industries - **Sports Production**: Enables dynamic coverage using drones or body-worn cameras [4] - **News Broadcasting**: Facilitates live streaming from breaking news scenes with minimal setup [4] - **Entertainment**: Provides real-time streaming for live events, ensuring a seamless viewer experience [4] - **Public Safety**: Enhances situational awareness for surveillance and first responder coordination [4] Complementary Products - The DragonFly V COFDM model complements the DragonFly V 5G, designed for reliable high-definition video transmission in environments where signal integrity is critical [5] - The COFDM model weighs 73 grams and integrates well with drones and body-worn cameras for on-the-move live video capture [5] Management Solutions - Vislink's devices can be managed through LinkMatrix, a cloud-based platform that allows for remote monitoring and configuration, optimizing live production workflows [6]

Revenue Performance - Net revenue for the three months ended September 30, 2024, was $7,066 thousand, a decrease of 1.57% compared to $7,179 thousand for the same period in 2023[14] - For the nine months ended September 30, 2024, net revenue increased to $24,366 thousand, up 25.5% from $19,410 thousand in the same period of 2023[14] - Proprietary Technology revenue for the three months ended September 30, 2024, was $333,000, compared to $726,000 for the same period in 2023, representing a decline of approximately 54%[53] - Customer Relationships revenue increased to $2,218,000 for the nine months ended September 30, 2024, from $1,900,000 in the same period of 2023, reflecting a growth of about 17%[53] - For the nine months ended September 30, 2024, total revenue was $24,366,000, an increase from $19,410,000 in the same period of 2023, representing a growth of approximately 25.5%[85] Operating Expenses and Losses - Total operating expenses for the three months ended September 30, 2024, were $10,326 thousand, an increase of 9.05% from $9,470 thousand in the same period of 2023[14] - The net loss for the three months ended September 30, 2024, was $3,010 thousand, compared to a net loss of $1,970 thousand for the same period in 2023[14] - The net loss for the nine months ended September 30, 2024, was $6,228 thousand, compared to a net loss of $6,754 thousand for the same period in 2023, indicating a decrease in losses[23] - Stock-based compensation for the nine months ended September 30, 2024, was $881 thousand, down from $1,600 thousand in the same period of 2023[23] - The company incurred an approximate $7.4 million loss from operations and $4.0 million of cash used in operating activities for the nine months ended September 30, 2024[36] Cash and Cash Equivalents - Cash and cash equivalents as of September 30, 2024, were $3,213 thousand, a decrease from $8,482 thousand as of December 31, 2023[11] - Cash and cash equivalents at the end of the period were $3,213 thousand, a decrease from $7,240 thousand at the end of September 30, 2023[23] - The company's total cash and cash equivalents decreased from $8.48 million as of December 31, 2023, to $3.21 million as of September 30, 2024[43] Stockholders' Equity and Liabilities - Total stockholders' equity as of September 30, 2024, was $31,990 thousand, down from $36,977 thousand as of December 31, 2023[12] - Total liabilities and stockholders' equity as of September 30, 2024, were $40,408 thousand, down from $44,992 thousand as of December 31, 2023[12] - The total deficit as of September 30, 2024, was $(306,853) thousand, compared to $(304,883) thousand at the beginning of the year[20] Research and Development - Research and development expenses for the three months ended September 30, 2024, were $1,160 thousand, an increase of 44.1% from $805 thousand in the same period of 2023[14] Investments and Unrealized Gains - The company reported an unrealized gain on investments held to maturity of $84 thousand for the three months ended September 30, 2024[14] - The company held investments in federal bonds valued at $6.0 million as of September 30, 2024, intended to be held to maturity[37] - The company has determined the fair value of its investments held to maturity to be $5.975 million as of September 30, 2024[48] - The company reported net foreign exchange losses of $70,000 for the nine months ended September 30, 2024, compared to $55,000 for the same period in 2023[42] - The company recognized unrealized losses on currency translation adjustments amounting to $(566,000) as of September 30, 2024[42] Customer and Vendor Concentration - The Company had sales to two customers amounting to $1,310,000 (19%) and $892,000 (13%) during the three months ended September 30, 2024, indicating customer concentration risk[80] - As of September 30, 2024, four customers owed the Company approximately $1,235,000 (15%), $1,125,000 (14%), $1,011,000 (12%), and $981,000 (12%) of consolidated net receivables, highlighting a shift in receivables concentration compared to the previous year[81] - The Company reported vendor concentration risk with two vendors accounting for over 10% of consolidated inventory purchases, totaling approximately $768,000 (20%) and $522,000 (14%) for the three months ended September 30, 2024[82] Lease and Amortization - The total amortization expense for intangible assets was $240,000 for the three months ended September 30, 2024, compared to $250,000 for the same period in 2023, indicating a decrease of 4%[54] - The estimated amortization expense for total intangible assets for the next five years is projected to be approximately $3,052,000[55] - As of September 30, 2024, the Company reported Right-of-Use (ROU) assets totaling approximately $0.5 million, net of $1.9 million in accumulated amortization[59] - Operating lease liabilities recognized as of September 30, 2024, amounted to approximately $0.9 million, with $0.5 million classified as current and $0.4 million as non-current[59] - The total lease cost for the three months ended September 30, 2024, was $189,000, compared to $102,000 for the same period in 2023, representing an increase of approximately 85%[64] Miscellaneous - The Company issued 8,000 shares of common stock valued at $160,000 to specific board members during the nine months ended September 30, 2024[69] - As of September 30, 2024, warrants to purchase 454,546 shares of common stock were outstanding, with a weighted average exercise price of $65.00[70] - The weighted average discount rate for operating leases was 9.4% as of September 30, 2024, compared to 9.5% in the previous year[64] - The Company recognized $378,000 in tax rebates as other income for the nine months ended September 30, 2024, compared to $322,000 for the same period in 2023, indicating a 17.4% increase[86] - The 2023 Omnibus Equity Incentive Plan was approved on August 23, 2023, allowing the Company to grant 166,415 shares of common stock to eligible participants[75] - The company operates as a single reporting segment and believes the adoption of ASU 2023-07 has not significantly impacted its financial statements[31] - The company has not yet assessed the impact of ASU No. 2024-03 on its financial statements, which requires enhanced disclosures on expense disaggregation[34]

Vislink Technologies, Inc. (NASDAQ:VISL) Q3 2024 Earnings Conference Call November 14, 2024 8:30 AM ET Company Participants Mickey Miller - Chief Executive Officer Mike Bond - Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Operator Good morning, and thank you for holding. Welcome to Vislink's Third Quarter 2024 Earnings Results Conference Call. My name is Chris, and I will be your operator for today's call. Joining us for today's presentation are the compan ...

Revenue Performance - Year-to-date revenue increased by 26% year-over-year to $24.4 million[2] - Revenue for Q3 2024 was $7.1 million, slightly down from $7.2 million in Q3 2023[2] - Revenue for the three months ended September 30, 2024, was $7,066,000, a decrease of 1.57% compared to $7,179,000 for the same period in 2023[15] Profitability and Loss - Net loss for Q3 2024 was $(3.0) million, or $(1.22) per share, compared to $(2.0) million, or $(0.83) per share, in Q3 2023[2] - Net loss for the three months ended September 30, 2024, was $(3,010,000), compared to $(1,970,000) for the same period in 2023, representing an increase in loss of 52.7%[15] - Comprehensive loss for the three months ended September 30, 2024, was $(2,444,000), compared to $(2,334,000) for the same period in 2023[15] Operating Expenses - Total operating expenses for the three months ended September 30, 2024, were $10,326,000, an increase of 9.05% from $9,470,000 in the same period of 2023[15] - Research and development expenses for the three months ended September 30, 2024, increased to $1,160,000, up 44.2% from $805,000 in the same period of 2023[15] Cash and Investments - Cash and short-term investments were $9.2 million as of September 30, 2024, down from $11.5 million at June 30, 2024[2] Cost Savings Initiatives - A restructuring initiative is expected to achieve over $6 million in annualized cost savings starting in Q4 2024[4] Product Development - The company launched the 5G DragonFly V transmitter, designed for high-quality video transmission from various devices[4] Market Opportunities - Management anticipates continued growth opportunities in the MilGov sector despite current market dynamics[6] Other Financial Metrics - Gross margin decreased to 51% in Q3 2024 from 54% in the prior year[2] - EBITDA for the three months ended September 30, 2024, was $(2,829,000), compared to $(2,020,000) for the same period in 2023, indicating a worsening of 40%[16] - Non-GAAP adjusted EBITDA for the three months ended September 30, 2024, was $(2,439,000), an improvement from $(2,781,000) in the same period of 2023[16] - Total other income for the three months ended September 30, 2024, was $243,000, a slight decrease from $266,000 in the same period of 2023[15] - Inventory valuation adjustments for the three months ended September 30, 2024, were $310,000, an increase from $176,000 in the same period of 2023[15] Orders and Contracts - An initial order of $340,000 was received from the U.S. Department of Homeland Security[3] ERP System Implementation - The new ERP system aims to improve efficiency and decision-making through real-time data access[3]

Core Viewpoint - Vislink Technologies, Inc. will hold a conference call on November 14, 2024, to discuss its financial results for Q3 2024, which ended on September 30, 2024 [1]. Group 1: Conference Call Details - The conference call is scheduled for Thursday, November 14, 2024, at 8:30 a.m. Eastern Time [3]. - Interested parties can submit questions to the company by 8:00 p.m. Eastern Time on November 11, 2024 [2]. - A replay of the conference call will be available after 11:30 a.m. Eastern Time on the same day through November 28, 2024 [4]. Group 2: Company Overview - Vislink Technologies is a global leader in capturing, delivering, and managing high-quality live video and associated data, with over 50 years of heritage in video communications [5]. - The company provides live streaming solutions utilizing RF, bonded cellular, 5G, and AI-driven technologies [5]. - Vislink's shares are publicly traded on the Nasdaq Capital Market under the ticker symbol "VISL" [5].

Mt. Olive, New Jersey, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (NASDAQ: VISL), a global leader in live video capture, delivery, and management for the media, entertainment, law enforcement, and defense sectors has announced the unveiling of its modernized brand identity and completely redesigned website. This new digital marketing presence aims to elevate brand awareness, differentiate Vislink from its competitors, and provide customers with an enhanced, user-friendly platform that simp ...