The following is a summary of the Vislink Technologies (VISL) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Vislink posted Q4 2023 revenue of $8.1 million, an increase from $7.4 million in the same quarter of the previous year.

• For the full year 2023, total revenue was marginally down at $27.5 million compared to $28.1 million in 2022.

• Gross profit for Q4 2023 rose to $3.7 million with a margin of 46%, a substantial improvement from $2.4 million with a 33% margin in Q4 2022.

• Total expenses fell by 21% to $10.6 million in Q4 2023, while operating loss improved to $2.6 million.

• Net loss per share limited to $0.99 in Q4 2023, a drop from $2.36 in the same period of the previous year.

Business Progress:

• In 2023, Vislink made significant strides in the global public safety markets with a 75% YoY increase in MilGov revenue.

• The strategic acquisition of BMS assets bolstered Vislink's hold in Airborne Video Downlink Systems.

• New customer additions span across local, state, U.S. federal agencies, and large governments worldwide.

• New product launches are projected to extend the company's reach beyond its traditional customer base.

• Vislink anticipates strong growth in the video data transport market and the drone command and control sphere in 2024.

• The company projects that 70% of its sales will come from products launched in the last two years.

• Vislink is fortifying its relationships with large OEMs as part of its public safety go-to-market strategy.

• The company is exploring opportunities in drone communications and control networks and is optimistic about positive cash flow by 2025.

• Vislink plans to double its software and services revenue in three years and is working on product upgrades in line with this target.

• The company's vision of using innovation to entertain and make the world safer remains its driving force.

More details: Vislink Technologies IR

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