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.