Why Is Vislink Stock Shooting Higher Today?

Benzinga04-01

Vislink Technologies, Inc (NASDAQ: VISL) reported fourth-quarter fiscal 2023 revenue of $8.1 million, up from $7.4 million year over year.

EPS loss of $(0.99) compared to $(2.36) in the prior year period.

Gross margin rose to 46%, up from 33% in the prior year. The improvement in gross margin was due to the greater contribution of MilGov revenue and software and services to total revenue.

Vislink held $14.2 million in cash and equivalents as of December 31, 2023.

“2023 marked a pivotal year for Vislink, as we laid the groundwork for accelerated revenue growth and cash flow neutrality in 2024,” said Vislink CEO Mickey Miller.

“Our accelerated MilGov sales, combined with increasing software and services sales and operating leverage, are expected to drive robust growth, aiming to be cash flow positive in 2025.”

The stock lost 50% in the last 12 months. Investors can gain exposure to the stock via Vanguard Extended Market ETF (NYSE:VXF) and Vanguard Total Stock Market ETF (NYSE:VTI).

Price Action: VISL shares traded higher by 5.8% at $3.45 on the last check Monday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2424457077?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-01 22:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2424457077","market":"us","top_or_hot":-1,"title":"Why Is Vislink Stock Shooting Higher Today?","media":"Benzinga","content":"<html><body><p><strong>Vislink Technologies, Inc </strong>(NASDAQ:<strong> </strong>VISL) reported fourth-quarter fiscal 2023 revenue of $8.1 million, up from $7.4 million year over year.</p>\n<p>EPS loss of $(0.99) compared to $(2.36) in the prior year period.</p>\n<p>Gross margin rose to 46%, up from 33% in the prior year. The improvement in gross margin was due to the greater contribution of MilGov revenue and software and services to total revenue.</p>\n<p>Vislink held $14.2 million in cash and equivalents as of December 31, 2023.</p>\n<p>“2023 marked a pivotal year for Vislink, as we laid the groundwork for accelerated revenue growth and cash flow neutrality in 2024,” said Vislink CEO Mickey Miller. </p>\n<p>“Our accelerated MilGov sales, combined with increasing software and services sales and operating leverage, are expected to drive robust growth, aiming to be cash flow positive in 2025.”</p>\n<p>The stock lost 50% in the last 12 months. Investors can gain exposure to the stock via <strong><a href=\"https://laohu8.com/S/VXF\">Vanguard Extended Market ETF</a></strong> (NYSE:VXF) and <strong>Vanguard Total Stock Market ETF</strong> (NYSE:VTI).</p>\n<p><strong>Price Action:</strong> VISL shares traded higher by 5.8% at $3.45 on the last check Monday.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Vislink Stock Shooting Higher Today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Vislink Stock Shooting Higher Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-01 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/24/04/38024250/why-is-vislink-stock-shooting-higher-today><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vislink Technologies, Inc (NASDAQ: VISL) reported fourth-quarter fiscal 2023 revenue of $8.1 million, up from $7.4 million year over year.\nEPS loss of $(0.99) compared to $(2.36) in the prior year ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/24/04/38024250/why-is-vislink-stock-shooting-higher-today\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VTI","symbol_name":"大盘指数ETF-Vanguard MSCI","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/24/04/38024250/why-is-vislink-stock-shooting-higher-today","article_id":"2424457077","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424457077","pubTimestamp":1711981845,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Vislink reported Q4 revenue of $8.1M, up from $7.4M with EPS loss of $(0.99) compared to consensus of $0.00. Gross margin rose to 46%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VTI":"大盘指数ETF-Vanguard MSCI","BK4585":"ETF&股票定投概念","BK4020":"通信设备","BK4588":"碎股","BK4550":"红杉资本持仓","VXF":"Vanguard Extended Market ETF","FDN":"First Trust Dow Jones Internet I","VISL":"Vislink Technologies Inc."},"translate_title":"为什么Vislink的股票今天会上涨？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VISL":1,"VTI":0.9,"VXF":0.9,"FDN":0.67},"content_text":"Vislink Technologies, Inc (NASDAQ: VISL) reported fourth-quarter fiscal 2023 revenue of $8.1 million, up from $7.4 million year over year.\nEPS loss of $(0.99) compared to $(2.36) in the prior year period.\nGross margin rose to 46%, up from 33% in the prior year. The improvement in gross margin was due to the greater contribution of MilGov revenue and software and services to total revenue.\nVislink held $14.2 million in cash and equivalents as of December 31, 2023.\n“2023 marked a pivotal year for Vislink, as we laid the groundwork for accelerated revenue growth and cash flow neutrality in 2024,” said Vislink CEO Mickey Miller. \n“Our accelerated MilGov sales, combined with increasing software and services sales and operating leverage, are expected to drive robust growth, aiming to be cash flow positive in 2025.”\nThe stock lost 50% in the last 12 months. Investors can gain exposure to the stock via Vanguard Extended Market ETF (NYSE:VXF) and Vanguard Total Stock Market ETF (NYSE:VTI).\nPrice Action: VISL shares traded higher by 5.8% at $3.45 on the last check Monday.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2424457077"}