Vislink Technologies Shares Drop After Wider 3Q Loss, Lower Revenue

Dow Jones03:51

By Kailyn Rhone

Shares of Vislink Technologies fell after the company posted a wider third-quarter loss and lower-than-expected revenue.

The stock fell 32% to $4.45 in afternoon trading Thursday. For the year, shares are up about 15%.

Vislink posted a loss of $3.01 million, or $1.22 a share, compared to a loss of $1.97 million, or 83 cents a share, in last year's quarter.

Revenue fell slightly to $7.07 million from $7.18 million a year earlier, led by high seasonal softness in its live production sector and lower-than-anticipated sales growth in the MilGov market.

Gross margin was 51% in the third quarter, down from 54% in the same period last year.

Vislink's cash and short-term investments were $9.2 million as of September 30, compared with $11.5 million in June. Working capital was $27.1 million at the end of the third quarter compared with $31.8 million at June 30. The company expects to see improvements in its working capital performance.

Vislink said it remains committed to its three-year financial plan; however, the timeline for achieving growth and profitability expectations may be extended due to current market dynamics.

Write to Kailyn Rhone at kailyn.rhone@wsj.com

(END) Dow Jones Newswires

November 14, 2024 14:51 ET (19:51 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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/2483336015?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-15 03:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483336015","market":"nz","top_or_hot":-1,"title":"Vislink Technologies Shares Drop After Wider 3Q Loss, Lower Revenue","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Kailyn Rhone \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Vislink Technologies fell after the company posted a wider third-quarter loss and lower-than-expected revenue. \n</p>\n<p>\n  The stock fell 32% to $4.45 in afternoon trading Thursday. For the year, shares are up about 15%. \n</p>\n<p>\n  Vislink posted a loss of $3.01 million, or $1.22 a share, compared to a loss of $1.97 million, or 83 cents a share, in last year's quarter. \n</p>\n<p>\n  Revenue fell slightly to $7.07 million from $7.18 million a year earlier, led by high seasonal softness in its live production sector and lower-than-anticipated sales growth in the MilGov market. \n</p>\n<p>\n  Gross margin was 51% in the third quarter, down from 54% in the same period last year. \n</p>\n<p>\n  Vislink's cash and short-term investments were $9.2 million as of September 30, compared with $11.5 million in June. Working capital was $27.1 million at the end of the third quarter compared with $31.8 million at June 30. The company expects to see improvements in its working capital performance. \n</p>\n<p>\n  Vislink said it remains committed to its three-year financial plan; however, the timeline for achieving growth and profitability expectations may be extended due to current market dynamics. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Kailyn Rhone at kailyn.rhone@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 14, 2024 14:51 ET (19:51 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Vislink Technologies Shares Drop After Wider 3Q Loss, Lower Revenue</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\">\nVislink Technologies Shares Drop After Wider 3Q Loss, Lower Revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 03:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Kailyn Rhone \n\n\n \n\n\n  Shares of Vislink Technologies fell after the company posted a wider third-quarter loss and lower-than-expected revenue. \n\n\n  The stock fell 32% to $4.45 in afternoon trading ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"VISL","symbol_name":"Vislink Technologies Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483336015","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483336015","pubTimestamp":1731613860,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Vislink Technologies fell after the company posted a wider third-quarter loss and lower-than-expected revenue.The stock fell 32% to $4.45 in afternoon trading Thursday. For the year, shares are up about 15%.Vislink posted a loss of $3.01 million, or $1.22 a share, compared to a loss of $1.97 million, or 83 cents a share, in last year's quarter.Revenue fell slightly to $7.07 million from $7.18 million a year earlier, led by high seasonal softness in its live production sector and lower-than-anticipated sales growth in the MilGov market.Gross margin was 51% in the third quarter, down from 54% in the same period last year.Vislink's cash and short-term investments were $9.2 million as of September 30, compared with $11.5 million in June. Working capital was $27.1 million at the end of the third quarter compared with $31.8 million at June 30. The company expects to see improvements in its working capital performance.Vislink said it remains committed to its three-year financial pla","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VISL":"Vislink Technologies Inc."},"translate_title":"Vislink Technologies第三季度亏损扩大、收入下降后股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VISL":0.9},"content_text":"By Kailyn Rhone \n\n\n \n\n\n  Shares of Vislink Technologies fell after the company posted a wider third-quarter loss and lower-than-expected revenue. \n\n\n  The stock fell 32% to $4.45 in afternoon trading Thursday. For the year, shares are up about 15%. \n\n\n  Vislink posted a loss of $3.01 million, or $1.22 a share, compared to a loss of $1.97 million, or 83 cents a share, in last year's quarter. \n\n\n  Revenue fell slightly to $7.07 million from $7.18 million a year earlier, led by high seasonal softness in its live production sector and lower-than-anticipated sales growth in the MilGov market. \n\n\n  Gross margin was 51% in the third quarter, down from 54% in the same period last year. \n\n\n  Vislink's cash and short-term investments were $9.2 million as of September 30, compared with $11.5 million in June. Working capital was $27.1 million at the end of the third quarter compared with $31.8 million at June 30. The company expects to see improvements in its working capital performance. \n\n\n  Vislink said it remains committed to its three-year financial plan; however, the timeline for achieving growth and profitability expectations may be extended due to current market dynamics. \n\n\n \n\n\n  Write to Kailyn Rhone at kailyn.rhone@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 14, 2024 14:51 ET (19:51 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","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":"4.29.1","shortVersion":"4.29.1","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/2483336015"}