Vislink Q2 revenue jumps 73% to $8.7M; net loss narrows to $(2.3)M

Vislink Technologies, Inc.

2024-Q2 EPS reported -$1.31 vs consensus -$0.51 ▼ miss (-156.9%)

Revenue $8.7M, up 73% YoY from $5.0M; net loss $(2.3)M ($(0.93)/share) improved from $(3.0)M ($(1.27)).
Gross margin 56% vs 53% a year ago; weighted sales pipeline grew to $51M.
Initial shipments to U.S. Customs and Border Protection; secured NATO Stock Numbers for AVDS products.
Appointed Donnie Gilliam as VP of Operations; targeting cash flow neutrality by end of 2024 and positive cash flow in 2025.
Cash and short-term investments $11.5M at June 30, 2024; working capital $29.0M.

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