Vislink Q3 revenue $7.1M, net loss widens; restructuring targets $6M annual savings

Vislink Technologies, Inc.

2024-Q3 EPS reported -$2.54 vs consensus -$0.74 ▼ miss (-241.1%)

Q3 revenue $7.1M, flat YoY; net loss $3.0M ($1.22/share) vs $2.0M loss a year ago.
Year-to-date revenue $24.4M, up 26% YoY; gross margin slipped to 51% from 54%.
Restructuring plan aims for >$6M annualized cost savings starting Q4; includes facility consolidation and staffing cuts.
Appointed Joseph Lipowski as CTO; received $340K initial order from U.S. Department of Homeland Security.
Cash dropped to $9.2M from $11.5M in prior quarter; working capital fell to $27.1M from $31.8M.

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