- Vislink Technologies, Inc. (NASDAQ:VISL) reported first-quarter FY23 revenue of $7.2 million, improving 5% year over year.
- The live news, sports, and entertainment firm registered an EPS loss per share of $(0.80), an improvement from $(1.20) in the prior year period.
- The company said continued cost management and 50% growth in our MilGov segment bolstered revenue growth.
- The gross margin expanded by 400 bps to 54% on cost management measures.
- EBITDA improved 26%, to $(1.7) million from $(2.4) million in the prior year period.
- Vislink held $14 million in cash and equivalents.
- Looking ahead, the company is planning to double its AeroLink delivery volume in the second quarter.
- Vislink targets a 90/10 revenue split between hardware vs. software and services.
- “Our refined go-to-market motions are gaining traction, validated by our robust sales funnel that includes the most $1 million plus opportunities in several years. We are confident in our ability to capitalize on these deals in the coming quarters,” said CEO Mickey Miller.
- Price Action: VISL shares traded lower by 0.66% at $5.24 on the last check Monday.
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