Vislink Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 07:54 am EDT
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Vislink Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 5.04 million compared to USD 6.77 million a year ago. Net loss was USD 3.03 million compared to USD 2.53 million a year ago. Basic loss per share from continuing operations was USD 1.27 compared to USD 1.1 a year ago.
For the six months, sales was USD 12.23 million compared to USD 13.63 million a year ago. Net loss was USD 4.78 million compared to USD 5.29 million a year ago. Basic loss per share from continuing operations was USD 2.02 compared to USD 2.3 a year ago.
Vislink Technologies, Inc. is a global technology company. The Company collects, delivers, and manages live video and associated data from the action scene to the viewing screen. It provides solutions for collecting live news, sports, entertainment, and news events for the broadcast markets. It also furnishes the surveillance and defense markets with real-time video intelligence solutions using various transmission products. It provides professional and technical services to terrestrial microwave, fiber optic, surveillance, and wireless communications systems. It offers a portfolio of solutions for live news, sports, and entertainment industries. These solutions include video collection, transmission, management, and distribution via microwave, cellular, (Internet Protocol) IP, MESH, and bonded cellular/5G networks. It provides video, audio, and data communications solutions to law enforcement and the public safety community, including airborne and tactical mobile command posts.