Vislink Q3 revenue falls to $7.1M; net loss of $2.7M vs. prior-year profit

Vislink Technologies, Inc.

2023-Q3 EPS reported -$3.46 vs consensus -$0.82 ▼ miss (-324.0%)

Revenue $7.1M, down 37% from $11.2M in Q3 2021; net loss of $2.7M ($0.06/sh) vs. net income of $676,000.
EBITDA negative $1.9M vs. positive $1.04M in prior year; cash balance $24M at quarter end.
Live news/sports/entertainment revenue up 42% YoY; government down on reduced Afghanistan military orders.
Series A Preferred Stock dividend declared; payable Nov 22 to holders of record Nov 21.

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 0.95

Vislink Technologies, Inc. reported third quarter ended September 30, 2022 results: revenue Revenues for the three months ended September 30, 2022 were $7.1 million, compared to $11.2 million for the three months, net income Net loss attributable to common shareholders was $2.7 million, or $(0.06) per share in the third quarter of 2022 compare, EPS $(0.06) per share in the third quarter of 2022 compared to $(0.01) per share in the third quarter of 2021..

Period: third quarter ended September 30, 2022
Revenue: Revenues for the three months ended September 30, 2022 were $7.1 million, compared to $11.2 million for the three months
Net income: Net loss attributable to common shareholders was $2.7 million, or $(0.06) per share in the third quarter of 2022 compare
EPS: $(0.06) per share in the third quarter of 2022 compared to $(0.01) per share in the third quarter of 2021.
Result: reported results

Exact text from the filing

Revenues for the three months ended September 30, 2022 were $7.1 million, compared to $11.2 million for the three months ended September 30, 2021. ● Net loss attributable to common shareholders was $2.7 million, or $(0.06) per share in the third quarter of 2022 compared to net income of $676,000, or $(0.01) per share in the third quarter of 2021.

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Source: SEC EDGAR

accession 0001493152-22-032270

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