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Stock impact report

Vislink Reports Third Quarter 2024 Financial and Operational Results [Yahoo! Finance]

Vislink Technologies, Inc. (VISL) 
Company Research Source: Yahoo! Finance
Mt. Olive, NJ, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (“Vislink” or the “Company”) (Nasdaq: VISL ), a global technology leader in the capture, delivery, and management of high-quality, live video and associated data in the media and entertainment, public safety, and defense markets, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Results Revenue for the nine months ended September 30, 2024, was $24.4 million, an increase of 26% over the prior year period. Revenue in the third quarter was $7.1 million compared to $7.2 million in the third quarter of 2023. Gross margin was 51% in the third quarter, down from 54% in the prior year period. Net loss was $(3.0) million, or $(1.22) per share in the third quarter, compared to $(2.0) million, or $(0.83) per share, in the prior year period. Cash and short-term investments were $9.2 million at September 30, 2024, compared to $11.5 million at June 30, 2024. Worki Show less Read more
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