secwatch.observer — SEC 8-K summary
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Issuer:     Vislink Technologies, Inc. (VISL)
CIK:        0001565228
Form:       8-K
Filed at:   2023-03-27T23:59:59+00:00
Accession:  0001493152-23-009008
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 2.02, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vislink reports FY2022 preliminary revenue $28.4M, net loss $13.6M; CFO Bond to leave, Norridge appointed
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- FY2022 revenue $28.4M (down 16% YoY from $33.9M); net loss $13.6M ($0.29 per share) vs $16.4M loss in 2021.
- Gross margin fell to 47% from 55%; EBITDA improved to -$12.0M from -$15.0M.
- CFO Michael Bond departs ~Mar 31, 2023; severance includes 12-month salary ($267,500) + $66,875 lump sum + accelerated vesting of 98,246 RSUs.
- Paul Norridge named CFO effective Apr 1, 2023; base salary $200,000 with 50% target bonus.
- Targeting 90/10 hardware vs software/services revenue split by end-2023; public safety revenue grew 40% in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1565228/000149315223009008/0001493152-23-009008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1565228/000149315223009008/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-009008

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