Highest-materiality recent filing
Vislink FY2024 net loss widens to $20.5M; Q4 revenue plunges to $3.4M
Full-year 2024 revenue $27.7M (up 1% YoY); net loss $(20.5)M vs $(9.1)M in 2023.
CFO Michael Bond enters new employment agreement with $275K base salary and bonus up to 100%
Annual base salary of $275,000; discretionary bonus target of 60% of base salary, max 100%.
Vislink voluntarily delists from Nasdaq, plans OTC trading citing cost savings and inactive market
Notified Nasdaq of voluntary delisting; expects to file Form 25 on/about Feb 10, 2025.
Vislink Q3 revenue $7.1M, net loss widens; restructuring targets $6M annual savings
Q3 revenue $7.1M, flat YoY; net loss $3.0M ($1.22/share) vs $2.0M loss a year ago.
Vislink Q2 revenue jumps 73% to $8.7M; net loss narrows to $(2.3)M
Revenue $8.7M, up 73% YoY from $5.0M; net loss $(2.3)M ($(0.93)/share) improved from $(3.0)M ($(1.27)).
Vislink annual meeting elects five directors, ratifies Marcum LLP as auditor
Susan Swenson elected with 406,806 for, 122,159 against; Jude Panetta received 335,874 for, 193,013 against.
Vislink Q1 revenue up 20% to $8.6M; net loss narrows to $0.9M
Revenue $8.6M (+20% vs $7.2M); gross margin 59% vs 54% a year ago.
Vislink Q4 revenue $8.1M, net loss narrows to $2.4M; MilGov revenue up 75% in FY2023
Q4 revenue $8.1M (up 9% YoY); net loss improved to $(2.4M) from $(5.5M) prior year.
Vislink CFO DeSalvo resigns; Michael Bond appointed CFO effective Jan 19, 2024
Christopher K. DeSalvo resigned as CFO and Operations VP on Jan 15, 2024.
Mr. DeSalvo appointed CFO and Operations VP effective Jan 4, 2024; Paul Norridge transitions to VP of Finance.
Vislink Q3 revenue $7.2M, net loss improves 28% to $2.0M; acquires BMS assets
Revenue $7.2M vs $7.1M YoY; gross margin up to 54% from 49%.
Vislink receives Nasdaq non-compliance notice; appoints director to restore audit committee
Nasdaq notified Vislink on Aug 29 that Audit Committee had only 2 independent directors after General Conway did not stand for reelection.
Vislink board reduces to five; shareholders approve 2023 equity plan and auditor
Director James T. Conway did not stand for reelection; no disagreement with company.
Vislink Q2 revenue $5.0M, net loss $(3.0)M; MilGov segment up 91% YoY
Q2 revenue $5.0M vs $6.8M YoY; net loss $(3.0)M ($(1.27)/share) vs $(2.5)M ($(1.10)/share).
Vislink sets 2023 annual meeting for Aug 23; shareholder proposal deadline June 5
Annual meeting will be held virtually on August 23, 2023.
Vislink Q1 revenue $7.2M (+5% YoY), net loss improves to $(0.80)/share
Revenue $7.2M, up 5% YoY; gross margin improved to 54% from 50%.
Received Nasdaq letter on May 15, 2023 confirming compliance with minimum bid price rule.
Vislink Technologies effectuates 1-for-20 reverse stock split to regain Nasdaq compliance
Reverse split effective 12:01 a.m. ET on May 1, 2023; trading on Nasdaq post-split same day under VISL.
FY2022 revenue $28.4M (down 16% YoY from $33.9M); net loss $13.6M ($0.29 per share) vs $16.4M loss in 2021.
Vislink shareholders approve reverse stock split; board may set ratio between 1:2 and 1:50
Special meeting on Jan 11, 2023: approved reverse split authorization with ratio range 1-for-2 to 1-for-50.
Vislink shareholders elect six directors, approve exec comp advisory vote, and ratify auditor
Six directors elected: Swenson, Miller, Conway, Panetta, Faison, Krolicki; all with majority for votes.
Received additional 180-day grace period until May 15, 2023 to regain minimum bid price compliance.
Vislink Q3 revenue falls to $7.1M; net loss of $2.7M vs. prior-year profit
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.
Vislink declares Series A Preferred Stock dividend to facilitate reverse stock split vote
One one-thousandth share of Series A Preferred per common share; record date Nov 21, distribution Nov 22.
Vislink Sets 2022 Annual Meeting for Dec 27; Virtual Format, Proxy Materials in Nov
Annual meeting scheduled for Tuesday, December 27, 2022, to be held virtually via remote communication.
Vislink Q2 2022 revenue down 11% to $6.8M; net loss widens to $2.6M
Revenue $6.8M vs $7.6M YoY; net loss $2.6M ($0.05 loss per share) vs $0.8M loss in Q2 2021.
Vislink receives Nasdaq minimum bid price noncompliance notice; 180-day cure period
Notified by Nasdaq on May 20, 2022 for failing to maintain $1.00 closing bid price for 30 consecutive business days.
Vislink Q1 revenue $7.2M, +75% YoY; gross margin 52% vs 46%
Revenue $7.2M vs $4.1M YoY; gross margin improved to 52% from 46%.
Vislink corrects FY2021 results; deferred tax liability adjustment increases goodwill impairment
Revenue $33.8M for FY2021 vs $22.9M prior year; gross margin 55.2% (vs 39.4%).
Vislink reports FY2021 revenue $33.8M, up 48% YoY; net loss narrows to $15.4M
Revenue $33.8M for FY2021 vs $22.9M in 2020 (+48%); Q4 revenue $11M (+64% YoY).
Vislink Q3 revenue $11.2M (+133% YoY); EBITDA positive $1.04M
Revenue $11.2M, up 133% YoY and 47% sequentially; net income $676k vs loss $2.8M Q3 2020.
Vislink files financials for acquired Mobile Viewpoint; 2020 revenue €5.6M, net income €535K
Mobile Viewpoint's 2020 audited revenue €5.603M, net income €535K, vs 2019 revenue €5.067M and net income €744K.
Vislink presenting at H.C. Wainwright conference; presentation details not disclosed in filing
Company will present at H.C. Wainwright Annual Global Investment Conference on September 13, 2021.
Vislink amends bylaws to add exclusive forum provision and reduce quorum to one-third
Board adopted exclusive forum clause designating federal district courts for Securities Act claims.
Vislink Q2 revenue jumps 85% QoQ to $7.6M; net loss narrows to $834K
Revenue $7.6M (Q2 2021), up 85% from Q1 2021; gross margin improved to 52.8% from 46%.
Vislink closes $18.3M acquisition of Mobile Viewpoint for live video, 5G, and AI solutions
Acquired Mobile Viewpoint for €14.8M stock purchase plus €0.7M debt assumption, total ~€15.5M ($18.3M).
Vislink adjourns annual meeting to August 18 due to lack of quorum
Annual meeting reconvened from July 19 to August 18, 2021; no business conducted due to insufficient quorum.
On January 15, 2024, Christopher K. DeSalvo resigned as Chief Financial Officer and Operations Vice President of Vislink Technologies, Inc. (the “Company”).
Effective January 19, 2024, Michael C. Bond will immediately assume the duties as Chief Financial Officer of the Company.
On January 4, 2024, Vislink Technologies, Inc. (the “Company”) announced the appointment of Christopher K. DeSalvo, 56, as Chief Financial Officer and Operations Vice President of the Company, effective as of January 4, 2024.
Paul Norridge will be transitioning from his role as Chief Financial Officer of the Company to take on the position of Vice President of Finance until March 31, 2024 where he will transition to an advisor to the Company as needed.
due to General James T. Conway not standing for reelection to the Board at the 2023 Annual Meeting of Stockholders of the Company held on August 23, 2023
the Board appointed Ralph Faison, an independent director, as the new Chairman of the Governance and Nominations Committee of the Board, succeeding General Conway in that position.
General James T. Conway did not stand for reelection as a director at the Meeting when his term expired.
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.
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.
Max materiality 0.85 · Median 0.60 · Most common event earnings