earnings
confidence high
sentiment positive
materiality 0.70
Vislink reports FY2021 revenue $33.8M, up 48% YoY; net loss narrows to $15.4M
Vislink Technologies, Inc.
- Revenue $33.8M for FY2021 vs $22.9M in 2020 (+48%); Q4 revenue $11M (+64% YoY).
- Gross margin improved to 55.2% from 39.4%; net loss $15.4M ($0.35/share) vs $17.6M ($1.19/share).
- Non-recurring items $13.5M including goodwill write-off and share-based comp ($11.9M) and acquisition fees ($1.6M).
- Cash $36.2M at year-end vs $5.2M in 2020; two consecutive quarters of positive cash flow (excl. non-recurring).
- CEO sees growth opportunities in 5G/AI and MilGov; bookings up over 100% in 2021.