secwatch / observer
8-K filed March 27, 2023, 7:59 PM ET ticker VISL CIK 0001565228
earnings confidence high sentiment neutral materiality 0.70

Vislink reports FY2022 preliminary revenue $28.4M, net loss $13.6M; CFO Bond to leave, Norridge appointed

Vislink Technologies, Inc.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Paul Norridge

Chief Financial Officer
VISL · Vislink Technologies, Inc.
Effective
2023-03-31
Filed
March 27, 2023, 7:59 PM ET
Effective as of the close of business on March 31, 2023, the Company’s board of directors has appointed Paul Norridge as the Company’s new Chief Financial Officer.
Departed

Michael Bond

Chief Financial Officer
VISL · Vislink Technologies, Inc.
Effective
2023-03-31
Successor
Paul Norridge
Filed
March 27, 2023, 7:59 PM ET
On March 27, 2023, the Company announced that it expects to enter into an agreed separation with Michael Bond, the Company’s Chief Financial Officer, that will be effective on or about March 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Vislink Technologies, Inc. reported year ended December 31, 2022 results: revenue $28.4 million, net income $(13.6) million, EPS $(0.29).

Period
year ended December 31, 2022
Revenue
$28.4 million
Net income
$(13.6) million
EPS
$(0.29)
Result
preliminary results
Exact text from the filing
● 2022 revenue was $28.4 million, compared to $33.9 million in 2021. ● Gross margins were 47% of 2022 revenue, compared to 55% of revenue in 2021. ● Net loss attributable to common shareholders was $(13.6) million, or $(0.29) per share, in 2022, compared to net loss attributable to common shareholders of $(16.4) million, or $(0.38) per share, in 2021. ● EBITDA (earnings before interest, taxes, depreciation, and amortization) for 2022 was $(12.0) million, compared to $(15.0) million for 2021.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Norridge was appointed as Chief Financial Officer at Vislink Technologies, Inc..

Action
appointed
Role
Chief Financial Officer
Exact text from the filing
Effective as of the close of business on March 31, 2023, the Company’s board of directors has appointed Paul Norridge as the Company’s new Chief Financial Officer.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Bond resigned as Chief Financial Officer at Vislink Technologies, Inc..

Action
resigned
Role
Chief Financial Officer
Exact text from the filing
On March 27, 2023, the Company announced that it expects to enter into an agreed separation with Michael Bond, the Company’s Chief Financial Officer, that will be effective on or about March 31, 2023.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Vislink Technologies, Inc.: Filed a Certificate of Elimination to eliminate the Series A Preferred Stock designation and return those shares to authorized but unissued preferred stock (effective 2023-03-24).

Change
charter amendment
Effective
2023-03-24
Exact text from the filing
On March 24, 2023, the Company filed a Certificate of Elimination (the “Certificate of Elimination”) for the Series A Preferred Stock, par value $0.00001 per share (the “Series A Preferred Stock”), with the Secretary of State of the State of Delaware which eliminated all matters set forth in the Certificate of Designation of Series A Preferred Stock previously filed by the Company.
View on SEC.gov

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Vislink Technologies, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-009008
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