Vislink Technologies Inc. (VISL) Reports Q4 Revenues Above Estimates

Vislink Technologies Inc. (NASDAQ: VISL) reported Q4 revenue for the quarter came in at $10.95 million versus the consensus estimate of $9.73 million.

“We are pleased to report that in Q4 2018 we reached our goal of achieving profitability,” said Roger Branton, CEO of Vislink Technologies. “This was the result of the company-wide measures we put in place beginning in Q2 that were essential for rightsizing our operations. Throughout the year, we focused on implementing our cost reduction measures and setting the company on a course to achieve profitable and stable revenue growth. With these measures substantially completed, we were able to end the year in a stronger position.”

Mr. Branton continued. “Now that we’ve underpinned the company with operational stability, we have turned our attention to growing the business. We started to see the results of this with strong fourth quarter revenues. Looking forward, we’re planning an aggressive push into promising new sectors of our traditional markets, as well as markets outside our traditional ones. We have also evaluated strategic relationships including M&A opportunities, with a focus on streaming and other services that complement our existing solutions.”

For earnings history and earnings-related data on Vislink Technologies Inc. (VISL) click here.

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