Vislink Q2 revenue $5.0M, net loss $(3.0)M; MilGov segment up 91% YoY

Vislink Technologies, Inc.

2023-Q2 EPS reported -$2.02 revenue$12,231,000

Q2 revenue $5.0M vs $6.8M YoY; net loss $(3.0)M ($(1.27)/share) vs $(2.5)M ($(1.10)/share).
MilGov segment revenue jumped 91% YoY to $1.2M in Q2; core growth from public safety market.
First-half net loss narrowed to $(4.8)M ($(2.02)/sh) from $(5.3)M ($(2.30)/sh) YoY; gross margin 54% vs 52%.
Completed cost-saving measures expected to yield >$1M annually; implemented 5% price increase on new orders.
Cash and cash equivalents $11.0M; also holds $10.8M in federal bonds to be held to maturity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vislink Technologies, Inc. reported financial results for the second quarter and first six months ended June 30, 2023.

Period: the second quarter and first six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 11, 2023, Vislink Technologies, Inc. (the "Company" or "Vislink") issued a press release, a copy of which is furnished herewith as Exhibit 99.1, announcing the Company’s financial results for the quarter ended June 30, 2023

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Vislink Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193805-23-001154

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