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Vislink Technologies Inc (VISL)
OTHER OTC:VISL
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Vislink Technologies
(OTC:VISL)
44Neutral
Vislink Technologies (VISL) vs. S&P 500 (SPY)
Market Cap
$5.96M
Dividend YieldN/A
Average Volume (3M)7.45K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue Growth21.09%
EPS Growth31.80%
CountryUS
Employees112
SectorTechnology
Sector Strength44
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-3.53
Shares Outstanding2,464,419
10 Day Avg. Volume2,359
30 Day Avg. Volume7,451
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.20
Price to Cash Flow (P/CF)-0.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$9.00Price Target Upside271.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Vislink Technologies Business Overview & Revenue Model
Company DescriptionVislink Technologies, Inc. (VISL) is a leading global technology company specializing in the collection, delivery, and management of high-quality live video and associated data. The company operates primarily in the broadcast and media sector, delivering advanced communication solutions that include wireless video systems, satellite communication technologies, and IP-based solutions. With a strong emphasis on innovation, Vislink provides reliable, cutting-edge products that cater to the needs of its diverse clientele, ranging from broadcasters to government agencies.
How the Company Makes MoneyVislink Technologies generates revenue through the sale of its advanced communication solutions, which include wireless camera systems, satellite communication equipment, microwave radio products, and IP-based communication technologies. The company serves a variety of markets including broadcast, military, law enforcement, and government sectors. Key revenue streams include product sales, long-term service contracts, and equipment leasing arrangements. Additionally, Vislink benefits from strategic partnerships and collaborations with other technology and broadcasting companies, enhancing its market reach and product offerings. Revenue is also supplemented by providing ongoing support and maintenance services, ensuring consistent client engagement and satisfaction.
Vislink Technologies Financial Statement Overview
Summary
Vislink Technologies exhibits growth in revenue but faces substantial challenges in profitability and cash flow management. While the balance sheet is stable with low leverage, the company struggles with operational efficiency and generating positive returns for shareholders. Continued focus on improving margins and cash flows is crucial for future stability and growth.Income Statement
Vislink Technologies has shown a modest revenue growth in the TTM period, with a 18.05% increase from the previous year. However, the company is struggling with profitability, as evidenced by negative EBIT and EBITDA margins, both of which show a trend of improvement yet remain negative. Net profit margin is also negative and signifies ongoing challenges in achieving profitability.45
Neutral
Balance Sheet
The balance sheet reflects a stable equity position with an equity ratio of 79.11% in the TTM period, indicating a strong reliance on equity financing. The debt-to-equity ratio remains low at 0.03, suggesting limited leverage risk. However, the return on equity remains negative due to persistent net losses, reflecting challenges in generating shareholder returns.55
Neutral
Cash Flow
Operating and free cash flows are negative, with no significant improvement in the TTM period. The operating cash flow to net income ratio is slightly improving but still negative, indicating inefficiencies in converting earnings into cash. Free cash flow growth is negative, further highlighting cash management challenges.40
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 32.44M | 27.48M | 28.40M | 33.88M | 22.88M | 28.94M | Gross Profit |
| 15.95M | 13.62M | 10.27M | 17.88M | 8.60M | 8.50M | EBIT |
| -9.99M | -10.60M | -13.71M | -8.56M | -12.53M | -17.20M | EBITDA |
| -8.30M | -8.88M | -12.07M | -14.78M | -15.52M | -12.92M | Net Income Common Stockholders |
| -8.60M | -9.13M | -13.54M | -22.27M | -22.95M | -19.93M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.00M | 14.21M | 25.63M | 36.23M | 5.19M | 1.74M | Total Assets |
| 28.81M | 44.99M | 51.80M | 68.12M | 20.65M | 23.60M | Total Debt |
| 6.29M | 1.22M | 1.65M | 2.17M | 3.21M | 2.32M | Net Debt |
| 4.28M | -7.26M | -23.98M | -34.06M | -1.98M | 586.00K | Total Liabilities |
| 18.52M | 8.02M | 8.14M | 10.51M | 10.65M | 14.38M | Stockholders Equity |
| 10.29M | 36.98M | 43.65M | 57.61M | 10.00M | 9.23M |
| Cash Flow | Free Cash Flow | ||||
| -7.95M | -10.45M | -9.69M | -9.80M | -14.61M | -8.76M | Operating Cash Flow |
| -7.75M | -9.75M | -9.23M | -9.60M | -14.35M | -8.36M | Investing Cash Flow |
| 4.32M | -6.70M | -466.00K | -17.55M | -258.00K | -425.00K | Financing Cash Flow |
| -478.00K | -607.00K | -958.00K | 58.31M | 18.00M | 8.52M |
Vislink Technologies Technical Analysis
Negative
2.42
Price Trends
2.80
Negative
3.60
Negative
4.81
Negative
Market Momentum
-0.05
Negative
42.44
Neutral
9.66
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VISL, the sentiment is Negative. The current price of 2.42 is below the 20-day moving average (MA) of 2.57, below the 50-day MA of 2.80, and below the 200-day MA of 4.81, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 42.44 is Neutral, neither overbought nor oversold. The STOCH value of 9.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VISL.
Vislink Technologies Risk Analysis
Vislink Technologies disclosed 49 risk factors in its most recent earnings report. Vislink Technologies reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Vislink Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $3.00B | 29.25 | 15.40% | 2.00% | 5.05% | 632.38% | |
58 Neutral | $21.03B | 10.58 | -16.29% | 2.47% | 4.38% | -23.63% | |
49 Neutral | $108.31M | ― | -7.73% | ― | -14.33% | 29.34% | |
46 Neutral | $2.69B | ― | -17.12% | ― | 11.86% | -140.69% | |
44 Neutral | $5.96M | ― | -24.36% | ― | 21.09% | 31.80% | |
44 Neutral | $50.48M | ― | -53.44% | ― | -13.06% | -465.17% | |
42 Neutral | $363.96M | ― | -118.08% | ― | ― | ― |
* Technology Sector Average
Performance Comparison
VISL
Vislink Technologies
2.42
-0.96
-28.40%
CMTL
Comtech Telecommunications
1.72
-1.58
-47.88%
GSAT
Globalstar
21.28
1.03
5.09%
IRDM
Iridium Communications
27.54
2.07
8.13%
KVHI
KVH Industries
5.48
0.38
7.45%
SATL
Satellogic
3.75
2.16
135.85%
Vislink Technologies Earnings Call Summary
Earnings Call Date: Nov 14, 2024 | % Change Since: -63.33% | Next Earnings Date: Mar 31, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive and negative developments. While there was significant year-to-date revenue growth and promising expansion in the MilGov sector, the third quarter faced revenue decline, increased net loss, and gross margin challenges. The company is taking steps to improve operational efficiency and reduce costs, indicating a proactive approach to address these challenges.Highlights
Year-to-date Revenue Growth
The company's year-to-date revenue increased by over 26% compared to the prior year, driven by growth in the MilGov sector and recurring revenue services.
MilGov Sector Expansion
Bookings in the MilGov sector gained momentum with expected year-over-year growth of over 60% for 2024, indicating strong demand for Vislink's solutions in law enforcement and defense.
Operational Efficiency and Cost Reduction
The launch of a new ERP system and restructuring program is expected to deliver annualized savings of over $6 million starting in Q4, consolidating manufacturing facilities, and optimizing staffing.
Lowlights
Temporary Revenue Decline in Q3
Third quarter revenue was $7.1 million, down from $7.2 million in the prior year, impacted by unusual seasonal softness in the Live Production sector.
Increased Net Loss
Net loss for the quarter widened to $3 million or a negative $1.22 per share, compared to a loss of $2 million or a negative $0.83 per share in the prior year, due to lower-than-expected revenue and higher fixed costs.
Gross Margin Decline
Gross margin decreased to 51% from 54% in the prior year period, reflecting increased costs associated with ERP implementation and strategic R&D investments.
Challenges in Middle East Procurement
Delays in procurement activities in the Middle East due to heightened geopolitical tensions, expected to resume in the coming months.
Company Guidance
During Vislink's Q3 2024 earnings call, the company provided guidance on their strategic focus and financial expectations. CEO Carleton Miller reaffirmed Vislink's commitment to achieving cash flow positivity by 2025, supported by a strong growth trajectory in the MilGov sector and recurring revenue services. The company reported a year-to-date revenue increase of over 26% compared to the previous year, though Q3 revenues showed a temporary decline due to seasonal softness in the Live Production sector, exacerbated by the 2024 Summer Olympics. Vislink's MilGov sector demonstrated significant momentum, with bookings expected to exceed $9 million for 2024, representing over 60% year-over-year growth. CFO Michael Bond detailed the financials, noting a Q3 revenue of $7.1 million, a gross margin of 51%, and a net loss of $3 million. The company is implementing a restructuring program to reduce costs by over $6 million annually, including consolidating manufacturing facilities and reducing headcount. With a weighted pipeline of $50 million and strategic efforts to expand service and international markets, Vislink is positioned to drive long-term sustainable growth.Vislink Technologies Corporate Events
Delistings and Listing ChangesBusiness Operations and Strategy
Vislink Technologies Delists from Nasdaq for Cost Efficiency
Negative
Jan 31, 2025
On January 31, 2025, Vislink Technologies announced its voluntary decision to delist its common stock from the Nasdaq Capital Market, aiming for deregistration under the Securities Exchange Act of 1934. The decision was made to reduce operating expenses and redirect resources towards product development and customer acquisition, as maintaining a Nasdaq listing was deemed costly and burdensome. The company plans to have its stock traded on the OTC market, though there are no assurances regarding the initiation or maintenance of such trading.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.