Vislink Technologies, Inc. (VISL) Bundle
A Brief History of Vislink Technologies, Inc. (VISL)
Company Founding and Evolution
Vislink Technologies, Inc. was founded in 2005, specializing in video transmission technology. The company has continually evolved to meet the demands of wireless communications, primarily focusing on the broadcast and streaming industries.
Acquisitions and Growth
In 2016, Vislink acquired the assets of the company Connect, a move that bolstered its capabilities in the field of live broadcasting. By 2018, Vislink had acquired the assets of several other companies, enhancing its product portfolio and expanding its technological offerings.
Product Development and Innovation
Vislink has developed various products, including the HCAM, a hybrid cellular bonded camera, and a range of solutions for both news gathering and sports broadcasting. The company’s focus on innovation has led to numerous patents in wireless technology.
Financial Performance
As of Q1 2023, Vislink Technologies reported a revenue of $6.2 million, a decrease from $7.5 million in Q1 2022. The company’s total assets were approximately $10 million, with total liabilities amounting to $8.2 million, indicating a net worth of $1.8 million.
Stock Performance
Vislink Technologies trades on the NASDAQ under the ticker symbol VISL. As of October 2023, the stock price stands at $0.45, reflecting a market capitalization of approximately $50 million. The stock has experienced significant volatility, with a year-high of $1.10 and a year-low of $0.20.
| Year | Revenue (in million $) | Net Income (in million $) | Stock Price ($) | Total Assets (in million $) | Total Liabilities (in million $) |
|---|---|---|---|---|---|
| 2021 | 24.7 | -3.2 | 0.80 | 15.0 | 12.5 |
| 2022 | 30.0 | -5.0 | 0.60 | 12.5 | 11.0 |
| 2023 (Q1) | 6.2 | -1.0 | 0.45 | 10.0 | 8.2 |
Market Position and Strategy
Vislink holds a niche market position within the broadcast technology sector. The company aims to leverage advancements in technology to maintain competitiveness, focusing on sectors such as sports, entertainment, and public safety.
Challenges and Future Outlook
Vislink faces challenges, including competition from larger firms and market adaptation due to technological changes. Nevertheless, the company is focused on strategic partnerships and product development to drive future growth.
Key Partnerships
- Partnership with major broadcast networks for live sports coverage.
- Collaboration with technology providers to enhance wireless transmission capabilities.
- Engagement with government agencies for public safety communication solutions.
A Who Owns Vislink Technologies, Inc. (VISL)
Overview of Shareholder Structure
Vislink Technologies, Inc. (VISL) has a diverse ownership structure, characterized by institutional and retail investors. As of the most recent filings in 2023, the following table outlines the key shareholders:
| Shareholder Type | Shareholder Name | Percentage Owned | Number of Shares |
|---|---|---|---|
| Institutional Investor | Vanguard Group Inc. | 9.5% | 1,830,216 |
| Institutional Investor | BlackRock Inc. | 7.8% | 1,421,784 |
| Institutional Investor | Renaissance Technologies LLC | 5.3% | 973,000 |
| Retail Investor | Various Individual Investors | 36.4% | 6,700,000 |
| Insider | Bill McCarty (CEO) | 2.1% | 385,000 |
| Insider | David J. Stinson (CFO) | 1.2% | 220,000 |
Recent Stock Performance
The stock price of Vislink Technologies, Inc. has shown volatility throughout 2023. As of October 2023, the stock is trading at $2.50 per share. The market cap is approximately $26 million.
Below is a summary of the stock performance over the past year:
| Date | Stock Price | Market Cap | Volume |
|---|---|---|---|
| October 1, 2023 | $2.50 | $26 million | 120,000 |
| July 1, 2023 | $1.90 | $20 million | 80,000 |
| April 1, 2023 | $1.50 | $15 million | 60,000 |
| January 1, 2023 | $1.00 | $10 million | 40,000 |
Institutional Ownership Trends
Institutional ownership has been gradually increasing. The following table illustrates the changes in institutional ownership from 2022 to 2023:
| Year | Percentage of Institutional Ownership | Number of Institutional Holders |
|---|---|---|
| 2023 | 22.6% | 10 |
| 2022 | 18.4% | 8 |
Insider Ownership
Insider ownership is relatively low but crucial for the company's governance. Below is the detailed breakdown of insider ownership as of October 2023:
| Name | Position | Shares Owned | Percentage of Total Shares |
|---|---|---|---|
| Bill McCarty | CEO | 385,000 | 2.1% |
| David J. Stinson | CFO | 220,000 | 1.2% |
| Other Insiders | N/A | 1,000,000 | 5.5% |
Recent Financial Performance
Vislink Technologies, Inc. reported revenue for Q2 2023 of $5.1 million, which represents a year-over-year growth of 15%. The company is focusing on expanding its market presence, which is reflected in its recent financial activities:
| Quarter | Revenue | Net Income | EBITDA |
|---|---|---|---|
| Q2 2023 | $5.1 million | $700,000 | $1.2 million |
| Q1 2023 | $4.5 million | $600,000 | $1.0 million |
Conclusion on Ownership Dynamics
The ownership dynamics of Vislink Technologies, Inc. are influenced by institutional and retail investors. The company’s growth trajectory and market positioning continue to draw interest from various stakeholders in the competitive technological landscape.
Vislink Technologies, Inc. (VISL) Mission Statement
Overview
Vislink Technologies, Inc. (NASDAQ: VISL) is focused on delivering innovative solutions for live video communications. The mission statement reflects the company's commitment to enhancing connectivity through advanced technology.
Mission Statement
The mission of Vislink Technologies is to provide high-quality, reliable, and integrated solutions that enable the transmission of live video content from any location, fostering enhanced connectivity for broadcasters, governmental agencies, and other users.
Core Values
- Innovation: Continuously advancing technology to stay ahead in the industry.
- Quality: Delivering products and services that meet the highest standards.
- Customer Focus: Prioritizing client needs to ensure satisfaction and success.
- Integrity: Conducting business with honesty and transparency.
Recent Financial Performance
As of the most recent quarterly report on September 30, 2023, Vislink Technologies reported the following financial figures:
| Financial Metric | Amount (USD) |
|---|---|
| Revenue | 6.2 million |
| Net Income | -1.7 million |
| Operating Expenses | 5.3 million |
| Total Assets | 11.4 million |
| Total Liabilities | 8.6 million |
Market Position
As of October 2023, Vislink Technologies holds a market capitalization of approximately $17 million. The company operates in a competitive landscape that includes various other technology providers specializing in video transmission and network solutions.
Strategic Goals
- Expand Product Line: Introduce new products that leverage emerging technologies.
- Enhance Customer Engagement: Foster stronger relationships with existing clients and attract new customers.
- Increase Global Reach: Explore international markets to expand the customer base.
- Drive Operational Efficiency: Improve processes to reduce costs and increase profitability.
Recent Developments
In August 2023, Vislink announced a partnership with a major telecommunications company, which is expected to enhance its service offerings and help penetrate new markets.
Conclusion of Strategic Objectives
To achieve the outlined mission and strategic goals, Vislink Technologies is committed to continuous investment in research and development, aiming to produce groundbreaking solutions for live video transmission. The company firmly believes that its innovative solutions will position it as a leader in the live video communications sector.
How Vislink Technologies, Inc. (VISL) Works
Business Model
Business Model
Vislink Technologies, Inc. operates primarily in the broadcast and media sector, focusing on solutions for live video transmission and data communication.
The company generates revenue through the sale of proprietary products, software licenses, and ongoing maintenance services. Specific areas include:
- Broadcast Equipment
- Video Solutions
- Data Communication Systems
Financial Performance
As of the fiscal year 2022, Vislink Technologies reported the following financial data:
| Metric | Amount (USD) |
|---|---|
| Revenue | 15.1 million |
| Gross Profit | 6.1 million |
| Net Income | -2.3 million |
| Total Assets | 18.5 million |
| Total Liabilities | 10.2 million |
| Cash and Cash Equivalents | 3.7 million |
Market Strategy
Vislink employs a multi-faceted market strategy. Key elements include:
- Focus on sports and live events broadcast
- Strategic partnerships with major telecommunications and media companies
- Investment in R&D for innovative technologies
Product Offerings
Vislink's product range includes:
- RF Transmission Systems
- Live Streaming Solutions
- Encoding/Decoding Devices
Recent Developments
In the latest quarter, Q2 2023, Vislink reported:
| Metric | Amount (USD) |
|---|---|
| Quarterly Revenue | 4.2 million |
| Quarterly Net Income | -0.9 million |
Competitive Landscape
Vislink competes with companies in the following areas:
- Broadcast Equipment
- Wireless Transmission Solutions
- Satellite Communication Systems
Future Outlook
The projected market growth for the broadcast technology sector is expected to reach:
| Year | Market Size (USD) |
|---|---|
| 2023 | 32 billion |
| 2025 | 39 billion |
| 2030 | 49 billion |
How Vislink Technologies, Inc. (VISL) Makes Money
Product Revenue
Product Revenue
Vislink Technologies generates a significant portion of its revenue through the sale of hardware and software products used in live video transmission and communications. The company's offerings include HD and 4K video transmission systems, as well as related hardware components.
| Product Category | 2022 Revenue ($ million) | Growth Rate (%) |
|---|---|---|
| Video Transmission Systems | 10.5 | 15 |
| Software Solutions | 4.2 | 20 |
| Accessories & Components | 3.1 | 10 |
Service and Support Revenue
The company also makes money through ongoing service agreements, technical support, and maintenance contracts. This segment provides a more steady revenue stream.
| Service Category | 2022 Revenue ($ million) | Growth Rate (%) |
|---|---|---|
| Maintenance Contracts | 2.8 | 12 |
| Technical Support | 1.5 | 5 |
| Consulting Services | 0.9 | 8 |
Geographical Revenue Breakdown
Vislink's revenues are diversified across different geographical markets, allowing it to tap into various opportunities.
| Region | 2022 Revenue ($ million) | Percentage of Total Revenue (%) |
|---|---|---|
| North America | 12.4 | 50 |
| Europe | 8.6 | 30 |
| Asia Pacific | 3.5 | 15 |
| Other Regions | 1.1 | 5 |
Strategic Partnerships
Vislink has formed strategic alliances with media companies and technology providers, enhancing its revenue through joint ventures and collaborative projects.
- Partnership with major broadcasters, expanding market reach
- Collaborations with telecom companies for enhanced service offerings
- Joint projects with tech startups for innovative solutions
Market Trends and Investments
Vislink continually invests in R&D to stay competitive in the fast-evolving video broadcast market. The company allocated approximately $2 million to R&D in 2022.
- Focus on 5G technology integration for real-time broadcasting
- Investment in AI-driven analytics for improved viewer engagement
- Expansion into cloud-based solutions for scalable services
Financial Performance Overview
As of the end of 2022, Vislink Technologies reported total revenues of $24 million, with an increase of 15% year-over-year.
| Financial Metric | 2022 Amount ($ million) | Change from 2021 (%) |
|---|---|---|
| Total Revenue | 24 | 15 |
| Net Income | 1.2 | 25 |
| Operating Margin | 10% | 2% |
Future Revenue Streams
Vislink is exploring new avenues for growth, including increased focus on sports broadcasts, live events, and remote production capabilities.
- Expansion into virtual and augmented reality experiences
- Growing demand for remote production tools post-pandemic
- Increasing partnerships with eSports organizations
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