Vislink Reports Third Quarter 2024 Financial and Operational Results
Vislink Reports Third Quarter 2024 Financial and Operational Results
Year-to-Date Revenue Increased 26% Year-Over-Year to $24.4 Million
截至今年營業收入同比增長26%，達到2440萬
New ERP Implementation Insights lead to Restructuring Initiative Expected to Achieve Over $6 Million in Annualized Cost Savings Beginning in Q4 2024
新的ERP實施見解導致重組舉措，預計將在2024年第四季度開始實現超過600萬的年度成本節省
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.
新澤西州Mt. Olive，2024年11月14日（環球新聞） -- vislink技術公司 ("vislink"或"公司")（納斯達克：VISL），一家全球領先的科技公司，專注於在媒體和娛樂、公共安全及軍工股市場中捕捉、交付和管理高質量的直播視頻及相關數據，今天發佈了截至2024年9月30日的第三季度財務結果。
Third Quarter 2024 Financial Results
2024年第三季度財務結果
- 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. Working capital was $27.1 million at the end of the third quarter compared to $31.8 million at June 30, 2024. The Company expects to realize improvements in working capital performance due to insights from the implementation of an ERP system that came online in the third quarter.
- 截至2024年9月30日的九個月收入爲2440萬美金，比去年同期增長26%。第三季度收入爲710萬美金，而2023年第三季度爲720萬美金。
- 第三季度毛利率爲51%，低於去年同期的54%。
- 第三季度淨虧損爲300萬美金，或每股1.22美金，而去年同期淨虧損爲200萬美金，或每股0.83美金。
- 截至2024年9月30日，現金及現金等價物爲920萬美金，較2024年6月30日的1150萬美金有所減少。第三季度末的營運資金爲2710萬美金，而2024年6月30日爲3180萬美金。公司預計由於實施在第三季度上線的ERP系統所獲得的洞察，將實現營運資金績效的改善。
Third Quarter 2024 and Recent Operational Highlights
2024年第三季度及最近的運營亮點
- Increased adoption of Vislink's aircraft-based AeroLink transceiver by federal, regional, and municipal public safety organizations. AeroLink is the central component of the Company's downlink systems and enables the delivery of exceptional video quality, secure and uninterrupted connectivity, and broad operating ranges.
- Initial deployment of Vislink's new Q-Link airborne control system with a U.S. public safety organization, laying the foundation for Vislink's Air-to-Anywhere platform. This system enables secure, real-time, air-to-ground live video streaming, enhancing situational awareness.
- Received an initial $340,000 order with the U.S. Department of Homeland Security.
- Deployed a new ERP system to streamline and integrate core business processes, improving overall efficiency. The system enables improved decision-making through real-time data access, reduced operational costs, and increased agility in responding to market changes.
- Subsequent to the end of the third quarter, Vislink implemented a restructuring plan to streamline operations and reduce costs. The actions will include the closure and relocation of certain manufacturing activities to consolidate manufacturing capacity and optimize staffing levels to align with the Company's long-term objectives.
- Appointed Joseph Lipowski as Chief Technology Officer. Joe brings extensive industry experience with high-growth companies in RF systems, software development, and communications hardware. He will lead the product development team and spearhead the Company's next-generation platform for radio-agnostic crewed and uncrewed aerial command, control, and video systems – a critical part of Vislink's long-term strategy.
- Introduced the 5G DragonFly V, the Company's miniaturized HEVC 5G transmitter. DragonFly V is designed to deliver real-time, high-quality video from Point-of-View (PoV) cameras, drones, and body-worn devices, delivering unprecedented first-person perspectives from live events and public safety.
- Launched a new corporate brand identity and website to drive global growth and strengthen market leadership. The enhanced digital presence with improved SEO is designed to create additional sales opportunities by offering Vislink customers an intuitive, user-friendly platform for discovering and evaluating the Company's solutions.
- 聯邦、區域和 municipal 公共安全組織對 Vislink 的航空器基礎 AeroLink 收發器的採用增加。AeroLink 是公司下行鏈路系統的核心組件，能夠提供卓越的視頻質量、secure 和不斷連接，以及廣泛的營業範圍。
- 與美國公共安全組織初步部署了 Vislink 新的 Q-Link 空中控制系統，爲 Vislink 的 Air-to-Anywhere 平台奠定基礎。該系統支持安全的實時空對地直播視頻流，提高了態勢感知。
- 與美國國土安全部收到了初步的 340,000 美元訂單。.
- 部署了新的 ERP 系統，簡化和整合核心業務流程，提高整體效率。該系統通過實時數據訪問、減少運營成本以及增強響應市場變化的靈活性，改善了決策。
- 在第三季度結束後，vislink實施了一項重組計劃，以優化運營並降低成本這些舉措將包括關閉和搬遷某些製造活動，以整合製造能力和優化人員配置，以符合公司的長期目標。
- 任命約瑟夫·利波夫斯基爲首席科技官喬擁有豐富的行業經驗，曾在高速發展的RF系統、軟件開發和通信硬件公司任職。他將領導產品開發團隊，推動公司下一代平台的研發，該平台用於收發不依賴於頻率的有人和無人機的指揮、控制和視頻系統，這是vislink長期戰略的關鍵部分。
- 推出了公司的迷你化HEVC 5G變速器——5G DragonFly VDragonFly V旨在提供來自視角（PoV）攝像頭、無人機和穿戴式設備的實時高質量視頻，提供前所未有的第一人稱視角，以便用於直播事件和公共安全。
- 推出新的企業品牌形象和網站，以推動全球增長並加強市場領導地位增強的數字存在感以及優化的SEO旨在通過爲vislink客戶提供一個直觀且用戶友好的平台，用於發現和評估公司的解決方案，從而創造額外的銷售機會。
Management Commentary
管理評論
"We are pleased to report that our year-to-date revenue has increased over 26% compared to the same period in the prior year," stated Mickey Miller, CEO of Vislink. "The results recorded in the third quarter alone reflected a decline in revenues caused by unusually high seasonal softness in the Live Production sector. Further, while we experienced robust 26% growth in the MilGov market, it was lower than our anticipated growth due to extended sales cycles with customers in the Middle East. However, we continue to observe a number of favorable signs this quarter that point to promising growth opportunities ahead. We now have numerous product evaluations taking place in the field as local, national, and international law enforcement and defense agencies seek to maintain a strategic edge in ensuring public safety. Our airborne video downlink systems, featuring the AeroLink transceiver and Air-to-Anywhere solution, remain the gold standard for robust, reliable, and efficient surveillance and emergency response solutions. We anticipate closing on many of these opportunities and expect to realize significant revenue from this sector moving forward."
"我們很高興地報告，與去年同期相比，我們的累計營業收入增長了超過26%，" vislink技術的CEO Mickey Miller表示。"單在第三季度的結果反映了由於現場製作板塊的季節性疲軟而導致的收入下降。此外，儘管我們在MilGov市場經歷了強勁的26%的增長，但由於中東客戶的銷售週期延長，增長低於我們的預期。然而，我們在本季度繼續觀察到許多有利的跡象，這些跡象指向未來有希望的增長機會。我們現在在現場進行大量產品評估，因爲地方、國家和國際執法及軍工股機構尋求保持在確保公共安全方面的戰略優勢。我們的空中視頻下行系統，配備AeroLink發射器和Air-to-Anywhere解決方案，仍然是穩健、可靠和高效的監控和應急響應解決方案的黃金標準。我們預計將在許多這些機會中達成交易，並期待在這個板塊實現顯著的營業收入。"
"The Live Production market continues to present growth opportunities for our solutions. There has been considerable interest in our miniature DragonFly V transmitter. DragonFly V is designed to deliver real-time, high-quality video from Point-of-View (PoV) cameras, drones, and body-worn devices. The increasing demand for high performance combined with compact form factors in video transmission is driving interest in our broad range of solutions that address quality, immediacy, and flexibility, which are key requirements of broadcast media organizations. We expect to maintain targeted R&D investments in our product lines, with both incremental and major upgrades, to extend our competitive edge in the market."
"現場製作市場仍然爲我們的解決方案提供增長機會。我們的迷你DragonFly V發射器引起了相當大的興趣。DragonFly V旨在從視角（PoV）攝像頭、無人機和佩戴式設備實時傳輸高質量視頻。對高性能和緊湊型外形的視頻傳輸日益增長的需求正在推動我們廣泛解決方案的關注，這些解決方案滿足了廣播媒體組織對質量、即時性和靈活性的關鍵要求。我們預計將繼續在我們的產品線中維持有針對性的研發投資，包括漸進式和重大升級，以增強我們在市場上的競爭優勢。"
"In the third quarter, we launched a new ERP system to unify and optimize our core operations, driving efficiency across the organization. The system has enabled us to identify significant costs that we believe can be removed from the business. Although we are pleased with our year-to-date revenue growth, we are responding proactively to near-term softness by consolidating operations while strategically positioning ourselves for continued growth in the MilGov sector. As part of this effort, we initiated a restructuring project that consolidates our manufacturing facilities into one location and streamlines our organization to better support our target markets. We expect the restructuring initiative to achieve over $6 million in annualized cost savings beginning in Q4 2024. We are also committed to continuously identifying further opportunities for cost reduction."
"在第三季度，我們推出了一種新的ERP系統，以統一和優化我們的核心業務，提高組織的效率。該系統使我們能夠識別出我們認爲可以從業務中剔除的顯著成本。儘管我們對今年以來的營業收入增長感到高興，但我們正積極應對近期的疲軟，通過整合運營，同時戰略性地爲在MilGov板塊的持續增長定位自己。作爲這一努力的一部分，我們啓動了一項重組項目，將我們的製造設施整合到一個地點，並精簡我們的組織，以更好地支持我們的目標市場。我們預計重組計劃將在2024年第四季度開始實現超過600萬的年度成本節約。我們還致力於不斷尋找進一步降低成本的機會。"
"Looking forward, we remain firmly committed to our three-year plan; however, the timeline for achieving our growth and profitability expectations may be extended due to current market dynamics. We have addressed our cost base to accommodate that extended period. We are confident that ongoing strong demand for our proven solutions, the transition toward MilGov markets and high-margin service revenue, and our unwavering focus on cost management position us well for executing our plans and attaining future sustainable and profitable growth."
"展望未來，我們仍然堅定地致力於我們的三年計劃；然而，由於當前市場動態，實現我們的增長和盈利預期的時間表可能會延遲。我們已調整了我們的成本基礎，以適應這一延長期限。我們對持續強勁的需求充滿信心，這些需求源於我們經過驗證的解決方案、向軍事和政府市場的轉型以及高利潤的服務收入，同時我們對成本管理的持續關注使我們在執行計劃和實現未來可持續和盈利增長方面具備了良好的基礎。"
Conference Call
Management will host a conference call today, November 14, 2024, at 8:30 a.m. Eastern Time to discuss its financial results for the third quarter ended September 30, 2024.
電話會議
管理層將在2024年11月14日東部時間上午8:30舉行電話會議，討論截至2024年9月30日的第三季度財務業績。
Vislink management will host the presentation, followed by a question-and-answer period.
Vislink管理層將主持演示，並隨後進行問答環節。
Toll-Free Number: 1-833-953-2432
International Number: 1-412-317-5761
Webcast: Click here to register
免費電話號碼：1-833-953-2432
國際號碼：1-412-317-5761
網絡直播：點擊 這裏 註冊
Please register online approximately 15 minutes before the start time (although you may register, dial in, or access the webcast anytime during the call).
請於開啓控件約15分鐘前在線註冊（儘管您可以在電話會議期間的任何時間註冊、撥入或訪問網絡直播）。
The conference call will be broadcast live here and available for replay via the Investor Relations section of Vislink's website.
電話會議將進行直播 這裏 並可以通過vislink技術的投資者關係部門進行回放。 網站.
A replay of the conference call will be available after 11:30 a.m. Eastern Time on the same day through November 28, 2024.
會議通話的重播將在當天美國東部時間上午11:30之後至2024年11月28日之間提供。
Toll-Free Replay Number: 1-877-344-7529
International Replay Number: 1-412-317-0088
Replay ID: 4856930
免費重播電話號碼：1-877-344-7529
國際重播電話號碼：1-412-317-0088
重播ID：4856930
Non-GAAP Financial Measure: EBITDA
To supplement our financial results presented in accordance with Generally Accepted Accounting Principles (GAAP), we are presenting EBITDA in this earnings release and the related earnings conference call. EBITDA is a non-GAAP financial measure that is not based on any standardized methodology prescribed by GAAP and is not necessarily comparable to similarly titled measures presented by other companies. We define EBITDA as our net income (loss), excluding the impact of depreciation and amortization expense and interest income and tax). We have presented EBITDA because it is a key measure used by our management and board of directors to understand and evaluate our operating performance, establish budgets, and develop operational goals for managing our business. In particular, we believe that excluding the impact of these expenses in calculating EBITDA can provide a useful measure for period-to-period comparisons of our core operating performance. A reconciliation of non-GAAP EBITDA to GAAP net loss appears in the financial tables accompanying this press release, as set forth below.
非公認會計准則財務指標：EBITDA
爲了補充我們根據公認會計原則（GAAP）所呈現的財務結果，我們在本次業績發佈及相關的業績會中呈現EBITDA。EBITDA是一種非公認會計准則財務指標，並不基於GAAP規定的任何標準化方法，並且和其他公司呈現的類似標題的指標不一定具有可比性。我們將EBITDA定義爲我們的淨利潤（虧損），不包括折舊和攤銷費用以及利息收入和稅收的影響。我們之所以呈現EBITDA，是因爲這是我們的管理層和董事會用來理解和評估我們運營表現、制定預算和開發運營目標以管理我們業務的關鍵指標。特別是，我們認爲在計算EBITDA時排除這些費用的影響可以爲我們核心運營表現的期間比較提供一個有用的指標。非公認會計准則EBITDA與GAAP淨虧損的調節出現在本新聞稿隨附的財務表格中，如下所示。
Note on Forward-looking Statements
Certain statements in this press release are forward-looking statements that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact included in this press release, including those regarding the Company's strategy, future operations, future revenues, growth, profitability results, and financial position, risks of supply chain constraints and inflationary pressures, projected expenses and cost-savings, prospects, plans including restructuring, and footprint and technology asset consolidations, objectives of management, new capabilities, product and solutions launches including AI-assisted and 5G streaming technologies, implementation of the ERP, R&D investments including AVDS and drone-related projects, expected contract values, projected pipeline sales opportunities and transactions in our sales pipeline, backlog realization, and order acquisitions integration including the recently acquired BMS assets, cost savings, and expected market opportunities across the Company's operating segments including the live event production, AVDS and MilGov markets, the sufficiency of the Company's capital resources to fund the Company's operations and any statements regarding future results are forward-looking statements. Vislink may not actually achieve the plans, carry out the intentions, or meet the expectations or projections disclosed in any forward-looking statements such as the foregoing, and you should not place undue reliance on such forward-looking statements. Such statements are based on management's current expectations and involve risks and uncertainties, including those discussed in Vislink's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission ("SEC") on April 3, 2024, and in subsequent filings with, or submissions to, the SEC from time to time.
關於前瞻性聲明的說明
本新聞稿可能包含根據《私人證券訴訟改革法》第27A條規定的預測或其他前瞻性聲明。這些詞彙的用法包括「預計」「相信」「估計」「期望」「意圖」「應該」「將要」「計劃」以及這些詞或其否定形式和類似的表達方式，旨在識別這些前瞻性聲明。本新聞稿中的前瞻性聲明可能包括但不限於關於我們盈利能力、收入增長和訂閱用戶增長的預期；擴大的產品路線圖、產品定價策略、擴大的分銷及我們產品的整體消費者需求。這些陳述涉及風險和不確定性，實際事件或結果可能會有所不同。可能導致實際結果與前瞻性聲明不同的重要因素包括未來我們實現收入增長或盈利能力的能力，如果實現了收入增長或盈利能力，則無法維持其盈利能力；事實上，經濟下滑或我們的主要美國和國際市場的經濟不確定性、通貨膨脹以及利率或匯率波動可能會對消費者福利支出和對我們的產品的需求產生不利影響；我們實現收入增長和盈利能力的目標取決於我們增加來自我們的直接消費者業務、零售合作伙伴和分銷商的銷售，以及訂閱用戶的轉化和保留；我們依賴於第三方供應商，其中部分是唯一供應商，爲我們的產品提供服務和元件，由於供應短缺、轉讓時間長或其他服務中斷可能會受到影響，可能會導致成本上升，由全球衝突和地緣政治問題的影響（如中東、烏克蘭或中國臺灣關係持續衝突）；我們能否維護品牌的價值和聲譽，並保護知識產權和專有權利的風險；我們的銷售未能達到預期水平，特別是在假日季節；我們未能有效管理營業費用，這可能導致我們的財務業績受損；我們持續的盈利能力取決於進一步深化我們的可尋址市場，我們可能無法成功實現；我們依靠相機、支架和配件的銷售實現幾乎全部收入，這些產品的銷售下降或銷售構成發生變化可能會損害我們的業務；我們可能無法成功管理產品推介、過渡、定價和市場營銷；少數零售商和分銷商佔據我們大部分收入，我們與他們的業務水平可能會大幅度降低；我們能否吸引、挽留和留住合適的員工；與貿易協定、貿易政策、關稅和進出口法規的任何變化有關的風險；競爭對我們市場份額、收入和盈利能力的影響；我們在未來可能會經歷波動的收入、支出和盈利能力的風險；與庫存、採購承諾和長期資產相關的風險；我們將會遇到分銷系統的問題的風險；存在安全漏洞或其他破壞行爲的威脅，包括網絡攻擊的威脅；我們的知識產權和專有權利可能無法充分保護我們的產品和服務；中東、烏克蘭或中國-臺灣關係中的衝突及其對美國和全球經濟以及我們的業務，以及其他因素的影響；詳見我們於2022年12月31日結束的年度報告表格10-K 的風險因素部分，該報告已存檔於美國證券交易委員會（SEC）並在 SEC 的備案中更新。這些前瞻性聲明僅截至今日或其他在此處聲明的日期。GoPro不承擔更新這些前瞻性聲明的義務。
本新聞稿中的某些聲明是前瞻性聲明，涉及根據1995年私營證券訴訟改革法案提供的安全港的重大風險和不確定性。本新聞稿包含的前瞻性聲明涉及根據1995年私營證券訴訟改革法案提供的安全港的重大風險和不確定性。除本新聞稿中包含的歷史事實聲明外，任何其他聲明，包括關於公司戰略、未來運營、未來營業收入、增長、盈利能力結果和財務狀況、供應鏈限制和通貨膨脹壓力的風險、預計費用和成本節省、前景、計劃（包括重組）以及足跡和技術資產整合、管理目標、新能力、產品和解決方案的推出（包括人工智能輔助和5G直播技術）、ERP的實施、研發投資（包括AVDS和無人機相關項目）、預計合同價值、預計銷售管道銷售機會和交易、銷售管道中的積壓實現、訂單獲取整合（包括最近收購的bms系統資產）、成本節省以及公司運營板塊（包括直播活動製作、AVDS和MilGov市場）的預期市場機遇，公司的資本資源是否足以資助公司的運營，以及任何關於未來結果的聲明均爲前瞻性聲明。Vislink可能實際上無法實現計劃、執行意圖或滿足任何前瞻性聲明中披露的期望或預測，因此您不應對這些前瞻性聲明抱有過度信任。這些聲明基於管理層當前的預期，並涉及風險和不確定性，包括在Vislink的年度報告10-k表格中討論的風險和不確定性，該報告用於截至2023年12月31日的財年，並於2024年4月3日提交給證券交易委員會（"SEC"），以及不時向SEC提交的後續文件。
The statements made in this press release speak only as of the date stated herein, and subsequent events and developments may cause the Company's expectations and beliefs to change. While the Company may elect to update these forward-looking statements publicly at some point in the future, the Company specifically disclaims any obligation to do so, whether as a result of new information, future events, or otherwise, except as required by law. These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date stated herein.
本新聞稿中的聲明僅適用於所述日期，隨後的事件和發展可能會導致公司的期望和信念發生變化。雖然公司可能會選擇在將來某個時間公開更新這些前瞻性陳述，但公司明確聲明除非根據法律要求，否則不承擔任何義務，不論是由於新信息、未來事件還是其他原因。這些前瞻性陳述不應被視爲公司在本新聞稿所述日期之後的任何日期的觀點。
About Vislink Technologies, Inc.
Vislink Technologies is a global technology leader in capturing, delivering, and managing high-quality live video and associated data. With a renowned heritage in video communications encompassing over 50 years, Vislink has revolutionized live video communications by delivering the highest-quality video from the scene, even in the most challenging transmission conditions, enabling broadcasters, defense, and public safety agencies to capture and share live video seamlessly and securely. Vislink provides live streaming solutions using RF, bonded cellular, 5G, and AI-driven technologies. Vislink's shares of common stock are publicly traded on the Nasdaq Capital Market under the ticker symbol "VISL." For more information, visit .
vislink技術公司簡介。
Vislink技術是一家全球領先的科技公司，專注於捕捉、傳輸和管理高質量的直播視頻及相關數據。擁有超過50年的視頻通信歷史，Vislink在最具挑戰性的傳輸條件下，實現了現場直播視頻通信的革命，以最高質量的視頻將現場信息傳遞給廣播公司、軍工股和公共安全機構，使其能夠無縫安全地捕捉和分享直播視頻。Vislink使用RF、綁定蜂窩、5G和人工智能驅動的技術提供直播解決方案。Vislink的普通股在納斯達克資本市場公開交易，股票代碼爲「VISL」。欲了解更多信息，請訪問。
Media Contact:
Adrian Lambert
Adrian.lambert@vislink.com
媒體聯繫：
Adrian Lambert
Adrian.lambert@vislink.com
Investor Relations:
investors@vislink.com
投資者關係:
investors@vislink.com
-Financial Tables to Follow-
-財務表格如下-
VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)
vislink技術公司及其子公司
簡明合併資產負債表
（除SHARE和PER SHARE DATA之外，以千爲單位）
| September 30, 2024 | December 31, 2023 | |||||||
| (unaudited) | ||||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 3,213 | $ | 8,482 | ||||
| Accounts receivable, net | 8,252 | 8,680 | ||||||
| Inventories, net | 15,265 | 14,029 | ||||||
| Investments held to maturity | 5,975 | 5,731 | ||||||
| Prepaid expenses and other current assets | 1,992 | 1,560 | ||||||
| Total current assets | 34,697 | 38,482 | ||||||
| Right of use assets, operating leases | 504 | 742 | ||||||
| Property and equipment, net | 2,155 | 1,902 | ||||||
| Intangible assets, net | 3,052 | 3,866 | ||||||
| Total assets | $ | 40,408 | $ | 44,992 | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 3,211 | $ | 3,183 | ||||
| Accrued expenses | 1,675 | 1,578 | ||||||
| Notes payable | 230 | — | ||||||
| Operating lease obligations, current | 513 | 463 | ||||||
| Customer deposits and deferred revenue | 1,983 | 1,490 | ||||||
| Total current liabilities | 7,612 | 6,714 | ||||||
| Operating lease obligations, net of current portion | 376 | 755 | ||||||
| Deferred tax liabilities | 430 | 546 | ||||||
| Total liabilities | 8,418 | 8,015 | ||||||
| Commitments and contingencies (See Note 11) | ||||||||
| Stockholders' equity | ||||||||
| Series A Preferred stock, $0.00001 par value per share: -0- shares authorized on September 30, 2024, and December 31, 2023, respectively; -0- shares issued and outstanding on September 30, 2024, and December 31, 2023, respectively. | — | — | ||||||
| Common stock, $0.00001 par value per share, 100,000,000 shares authorized on September 30, 2024, and December 31, 2023, respectively: Common stock, 2,464,398 and 2,439,923 were issued, and 2,464,265 and 2,439,790 were outstanding on September 30, 2024, and December 31, 2023, respectively. | — | — | ||||||
| Additional paid-in capital | 348,548 | 347,507 | ||||||
| Accumulated other comprehensive loss | (827) | (1,027) | ||||||
| Treasury stock, at cost – 133 shares as of September 30, 2024, and December 31, 2023, respectively | (277) | (277) | ||||||
| Accumulated deficit | (315,454) | (309,226) | ||||||
| Total stockholders' equity | 31,990 | 36,977 | ||||||
| Total liabilities and stockholders' equity | $ | 40,408 | $ | 44,992 | ||||
| 2024年9月30日 | 2023年12月31日 | |||||||
| (未經審計) | ||||||||
| 資產 | ||||||||
| 流動資產 | ||||||||
| 現金及現金等價物 | $ | 3,213 | $ | 8,482 | ||||
| 應收賬款，淨額 | 8,252 | 8,680 | ||||||
| 淨存貨 | 15265 | 14,029 | ||||||
| 到期投資 | 5,975 | 5,731 | ||||||
| 預付費用和其他流動資產 | 1,992 | 1,560 | ||||||
| 總流動資產 | 34,697 | 38,482 | ||||||
| 使用權資產，經營租賃 | 504 | 742 | ||||||
| 物業和設備，淨額 | 2,155 | 1,902 | ||||||
| 無形資產-淨額 | 3,052 | 3,866 | ||||||
| 總資產 | $ | 40,408 | $ | 44,992 | ||||
| 負債和股東權益 | ||||||||
| 流動負債 | ||||||||
| 應付賬款 | $ | 3,211 | $ | 3,183 | ||||
| 應計費用 | 1,675 | 1,578 | ||||||
| 應付票據 | 230 | — | ||||||
| 經營租賃義務，流動 | 513 | 463 | ||||||
| 客戶存款和遞延收入 | 1,983 | 1,490 | ||||||
| 流動負債合計 | 7,612 | 6,714 | ||||||
| 運營租賃義務，減去流動部分 | 376 | 755 | ||||||
| 遞延所得稅負債 | 430 | 546 | ||||||
| 總負債 | 8,418 | 8,015 | ||||||
| 承諾和或含不確定性事項（見備註11） | ||||||||
| 股東權益 | ||||||||
| A系列優先股，每股面值$0.00001：截至2024年9月30日和2023年12月31日授權股票各爲-0-股；截至2024年9月30日和2023年12月31日已發行在外的股票各爲-0-股。 | — | — | ||||||
| 普通股，每股面值0.00001美元，截至2024年9月30日和2023年12月31日，共批准100,000,000股：截至2024年9月30日，已發行普通股2,464,398股和2,439,923股，流通股2,464,265股和2,439,790股。 | — | — | ||||||
| 其他資本公積 | 348,548 | 347,507 | ||||||
| 累計其他綜合損失 | (827) | (1,027) | ||||||
| 庫存股，成本 – 截至2024年9月30日和2023年12月31日分別爲133股 | (277) | (277) | ||||||
| 累積赤字 | (315,454) | (309,226) | ||||||
| 股東權益合計 | 31,990 | 36,977 | ||||||
| 負債和股東權益合計 | $ | 40,408 | $ | 44,992 | ||||
VISLINK TECHNOLOGIES, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
OTHER COMPREHENSIVE LOSS
(IN THOUSANDS EXCEPT NET LOSS PER SHARE DATA)
vislink技術公司及其子公司
未經審計的簡明合併利潤表和
其他綜合損失
(以千爲單位，淨損失每股數據除外)
| For the Three Months Ended | For the Nine Months Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Revenue, net | $ | 7,066 | $ | 7,179 | $ | 24,366 | $ | 19,410 | ||||||||
| Cost of revenue and operating expenses | ||||||||||||||||
| Cost of components and personnel | 3,485 | 3,302 | 10,846 | 8,977 | ||||||||||||
| Inventory valuation adjustments | 310 | 176 | 744 | 480 | ||||||||||||
| General and administrative expenses | 5,050 | 4,793 | 16,262 | 14,500 | ||||||||||||
| Research and development expenses | 1,160 | 805 | 2,925 | 2,480 | ||||||||||||
| Impairment on right-of-use assets | — | 83 | — | 83 | ||||||||||||
| Depreciation and amortization | 321 | 311 | 1,011 | 913 | ||||||||||||
| Total cost of revenue and operating expenses | 10,326 | 9,470 | 31,788 | 27,433 | ||||||||||||
| Loss from operations | (3,260) | (2,291) | (7,422) | (8,023) | ||||||||||||
| Other income (expense) | ||||||||||||||||
| Unrealized gain (loss) on investments held to maturity | 84 | (4) | 229 | (67) | ||||||||||||
| Other income (loss) | 26 | (36) | 400 | 294 | ||||||||||||
| Dividend income | 47 | 104 | 185 | 323 | ||||||||||||
| Interest income, net | 86 | 202 | 264 | 555 | ||||||||||||
| Total other income | 243 | 266 | 1,078 | 1,105 | ||||||||||||
| Net loss before income taxes | (3,017) | (2,025) | (6,344) | (6,918) | ||||||||||||
| Income taxes | ||||||||||||||||
| Deferred tax benefits | 7 | 55 | 116 | 164 | ||||||||||||
| Net loss | $ | (3,010) | $ | (1,970) | $ | (6,228) | $ | (6,754) | ||||||||
| Basic and diluted loss per share | $ | (1.22) | $ | (0.83) | $ | (2.54) | $ | (2.84) | ||||||||
| Weighted average number of shares outstanding: | ||||||||||||||||
| Basic and diluted | 2,464 | 2,382 | 2,454 | 2,377 | ||||||||||||
| Comprehensive loss: | ||||||||||||||||
| Net loss | $ | (3,010) | $ | (1,970) | $ | (6,228) | $ | (6,754) | ||||||||
| Unrealized gain (loss) on currency translation adjustment | 566 | (364) | 200 | (64) | ||||||||||||
| Comprehensive loss | $ | (2,444) | $ | (2,334) | $ | (6,028) | $ | (6,818) | ||||||||
| 截至三個月結束 | 截至九個月的結束 | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| 營業收入，淨額 | $ | 7,066 | $ | 7,179 | $ | 24,366 | $ | 19,410 | ||||||||
| 營業收入和營業費用 | ||||||||||||||||
| 元件和人員的成本 | 3,485 | 3,302 | 10,846 | 8,977 | ||||||||||||
| 存貨估值調整 | 310 | 176 | 744 | 480 | ||||||||||||
| 一般及行政費用 | 5,050 | 4,793 | 16,262 | 14,500 | ||||||||||||
| 研發費用 | 1,160 | 805 | 2,925 | |||||||||||||
| 使用權資產的減值 | — | 83 | — | 83 | ||||||||||||
| 折舊和攤銷 | 321 | 311 | 1,011 | 913 | ||||||||||||
| 營業費用總計 | 10,326 | 9,470 | 31,788 | 27,433 | ||||||||||||
| 業務虧損 | (3,260) | (2,291) | (7,422) | (8,023) | ||||||||||||
| 其他收入（費用） | ||||||||||||||||
| 持有至到期投資的未實現收益（損失） | 84 | (4) | 229 | (67) | ||||||||||||
| 其他收入（損失） | 26 | (36) | 400 | 294 | ||||||||||||
| 股息收入 | 47 | 104 | 185 | 323 | ||||||||||||
| 利息收入淨額 | 86 | 202 | 264 | 555 | ||||||||||||
| 總其他收入 | 243 | 266 | 1,078 | 1,105 | ||||||||||||
| 稅前淨損失 | (3,017) | （2,025） | (6,344) | (6,918) | ||||||||||||
| 所得稅 | ||||||||||||||||
| 遞延稅款益處 | 7 | 55 | 279 | 164 | ||||||||||||
| 淨虧損 | $ | (3,010) | $ | (1,970) | $ | （6,228） | $ | (6,754) | ||||||||
| 每股基本和攤薄虧損 | $ | （1.22） | $ | (0.83) | $ | (2.54) | $ | (2.84) | ||||||||
| 加權平均股本： | ||||||||||||||||
| 基本和稀釋 | 2,464 | 2,382 | 2,454 | 2,377 | ||||||||||||
| 綜合虧損： | ||||||||||||||||
| 淨虧損 | $ | (3,010) | $ | (1,970) | $ | （6,228） | $ | (6,754) | ||||||||
| 貨幣翻譯調整的未實現收益（損失） | 566 | (364) | 200 | (64) | ||||||||||||
| 綜合損失 | $ | (2,444) | $ | (2,334) | $ | (6,028) | $ | (6,818) | ||||||||
Reconciliation of GAAP to Non-GAAP Results
VISLINK TECHNOLOGIES, INC.
RECONCILIATION OF GAAP to NON-GAAP RESULTS
QUARTER ENDING September 30, 2024
(IN THOUSANDS)
GAAP與非GAAP結果調節表
vislink技術公司
GAAP與非GAAP結果的調節
截至2024年9月30日的季度
（以千爲單位）
| For the Three Months Ended | For the Nine Months Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Reconciliation of net income to EBITDA | ||||||||||||||||
| Net loss | $ | (3,010) | $ | (1,970) | $ | (6,228 | $ | (6,754) | ||||||||
| Amortization and depreciation | 321 | 311 | 1,011 | 913 | ||||||||||||
| Dividend income | (47) | (104) | (185) | (323) | ||||||||||||
| Interest income, net | (86) | (202) | (264) | (555) | ||||||||||||
| Tax | (7) | (55) | (116) | (164) | ||||||||||||
| EBITDA | $ | (2,829) | $ | (2,020) | $ | (5,782) | $ | (6,883) | ||||||||
| Stock-based compensation | 199 | 343 | 881 | 1,600 | ||||||||||||
| Impairment | — | 83 | — | 83 | ||||||||||||
| Severance | 191 | 182 | 191 | 541 | ||||||||||||
| EBITDA Non-GAAP Adjusted | $ | (2,439) | $ | (2,781) | $ | (4,710) | $ | (4,659) | ||||||||
| 截至三個月結束 | 截至九個月的結束 | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| 淨利潤與EBITDA的調整 | ||||||||||||||||
| 淨虧損 | $ | (3,010) | $ | (1,970) | $ | (6,228 | $ | (6,754) | ||||||||
| 攤銷和折舊 | 321 | 311 | 1,011 | 913 | ||||||||||||
| 股息收入 | (47) | (104) | (185) | （報名者的電話號碼，含區號） | ||||||||||||
| 利息收入淨額 | (86) | (202) | (264) | (555) | ||||||||||||
| 稅務 | (7) | (55) | (116) | （164） | ||||||||||||
| EBITDA | $ | (2,829) | $ | (2,020) | $ | (5,782) | $ | (6,883) | ||||||||
| 基於股票的薪酬 | 199 | 343 | 881 | 1,600 | ||||||||||||
| 減值 | — | 83 | — | 83 | ||||||||||||
| 離職補償 | 191 | 182 | 191 | 541 | ||||||||||||
| EBITDA 非公認會計准則調整 | $ | (2,439) | $ | (2,781) | $ | (4,710) | $ | (4,659) | ||||||||
譯文內容由第三人軟體翻譯。
