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.
AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA) For the Years Ended December 31, 2024 2023 ASSETS Current assets Cash $5,501 $8,482 Accounts receivable, net 5,958 8,680 Inventories, net 7,563 14,029 Investments held to maturity 995 5,731 Prepaid expenses and other current assets 1,302 1,560 Total current assets 21,319 38,482 Right of use assets, operating leases 297 742 Property and equipment, net 1,984 1,902 Intangible assets, net 2,578 3,866 Total assets $26,178 $44,992 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable $2,422 $3,183 Accrued expenses 2,153 1,578 Notes payable 56 — Operating lease obligations, current 459 463 Accrued restructuring costs 421 — Customer deposits and deferred revenue 2,768 1,490 Total current liabilities 8,279 6,714 Operating lease obligations, net of current portion 291 755 Deferred tax liabilities 401 546 Total liabilities 8,971 8,015 Commitments and contingencies (See Note 20) Series A Preferred stock, $0.00001 par value per share: -0- shares authorized on December 31, 2024, and 2023, respectively; -0- and shares issued and outstanding on December 31, 2024, and 2023, respectively. — — Stockholders’ equity Preferred stock, $0.00001 par value per share: 10,000,000 shares authorized on December 31, 2024, and 2023, respectively — — Common stock, $0.00001 par value per share, 100,000,000 shares authorized on December 31, 2024, and 2023, respectively: Common stock, 2,467,618 and 2,439,923 were issued, and 2,467,485 and 2,439,790 were outstanding on December 31, 2024 and 2023, respectively. — — Additional paid-in capital 348,663 347,507 Accumulated other comprehensive loss (1,452) (1,027)Treasury stock, at cost – 133 shares as of December 31, 2024, and 2023, respectively (277) (277)Accumulated deficit (329,727) (309,226)Total stockholders’ equity 17,207 36,977 Total liabilities and stockholders’ equity $26,178 $44,992 VISLINK TECHNOLOGIES, INC.
Olive, NJ, May 02, 2025 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc.("Vislink” or the "Company”) (OTCQB: VISL), a global technology leader in the capture, delivery, and management of high-quality live video and associated data in the media and entertainment, law enforcement, and defense markets, today reported results for the fourth quarter and full year ended December 31, 2024.
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