Strategic cost controls in the middle …

Appearance date: May 02, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Vislink Technologies Inc (VisL) has implemented the cost control measures that are expected to achieve around $ 10 million in annual savings.

• The company has completed the implementation of a new ERP system, which improves order filling processes and reduces operational complexity.

• Vislink Technologies Inc (VisL) expands the opportunities in the Milgov sector, especially in the vicinity of UAVS and helicopter base transmission solutions.

• In its business in Milgov, the company recorded growth of the bookings of over 70%, which was highlighted by orders of several million dollars.

• Vislink Technologies Inc (VisL) received recognition for his technology contribution to a groundbreaking autonomous racing project that won the best innovation project at the Broadcast Tech Innovation Awards 2024.

• Vislink Technologies Inc (VisL) recorded a significant drop in sales in the fourth quarter of 2024, with total sales of $ 7.1 million in the previous quarter.

• In the fourth quarter of 2024, the company recorded a significant loss of business of $ 14.1 million compared to a loss of $ 3.3 million in the previous quarter.

• In the fourth quarter of 2024, the net loss was $ 14.3 million or $ 5.82 per share compared to a loss of $ 3 million or USD 1.22 per share in the third quarter.

• Vislink Technologies Inc.

• The company assumed a significant indictment associated with inventory and affected the financial results.

Q: Can you explain the reasons for the decline in sales in the fourth quarter of 2024? A: Mickey Miller, CEO, said that the decline in sales was mainly due to challenges, including softness on the Live production market, lower than expected income on the MGOV market, and the production delays by consolidating the facility.

Q: What cost -saving measures has Vislink implemented to tackle the downturn? A: Mickey Miller, CEO, explained that Vislink rationalizes, reduced, reduced, reduced real estate, a new ERP system implemented and voluntarily guided by Nasdaq, which is expected to achieve 10 million US dollars of annual savings.

Q: How did the restructuring activities have an impact? A: Mike Bond, CFO, found that the restructuring led to a significant impact on the result of the Q4, whereby a loss of $ 6.8 million was due to existing and asset disorders.