Vislink Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 08:18 pm
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Vislink Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 7.11 million compared to USD 11.2 million a year ago. Net loss was USD 2.74 million compared to net income of USD 0.676 million a year ago. Basic loss per share from continuing operations was USD 1.2 compared to basic earnings per share from continuing operations of USD 0.2 a year ago.
For the nine months, sales was USD 21.02 million compared to USD 22.84 million a year ago. Net loss was USD 8.03 million compared to USD 2.83 million a year ago. Basic loss per share from continuing operations was USD 3.4 compared to USD 1.4 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.