Vislink Technologies, INC
Market Movers (8-K)
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Vislink Technologies reports slight revenue increase for 2024, but experiences a significant net loss due to restructuring and project delays.
Worse than expected
Delay expected
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Vislink Technologies formalizes Michael C. Bond's role as CFO with an executive employment agreement outlining compensation, bonus potential, and termination terms.
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Vislink Technologies intends to delist from the Nasdaq Capital Market and deregister its common stock, citing costs and lack of active trading as key factors.
Worse than expected
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Vislink Technologies reported a 26% year-to-date revenue increase but a slight decline in third-quarter revenue, alongside a restructuring plan aimed at achieving over $6 million in annualized cost savings.
Worse than expected
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Vislink Technologies saw a 73% year-over-year increase in revenue in the second quarter of 2024, reaching $8.7 million, fueled by growth in both MilGov and Live Production sectors.
Better than expected
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Vislink Technologies held its 2024 Annual Meeting of Stockholders, electing directors and ratifying the appointment of Marcum LLP as its independent auditor.
Quarterly Earnings (10-Q)
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Vislink Technologies reported a net loss for Q3 2024, despite a year-over-year revenue increase for the nine-month period, and announced a restructuring plan to improve financial performance.
Worse than expected
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10-Q: Vislink Technologies Reports Strong Revenue Growth in Second Quarter 2024, Despite Ongoing Losses
Vislink Technologies saw a significant increase in revenue for the second quarter of 2024, but continues to operate at a loss.
Better than expected
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Vislink Technologies saw a 20% increase in revenue in the first quarter of 2024 compared to the same period last year, driven by expanded market reach and operational efficiencies.
Better than expected
Annual Reports (10-K)
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Vislink Technologies amends its annual report on Form 10-K to restate items related to directors, executive compensation, security ownership, related transactions, and accounting fees.
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10-K: Vislink Technologies Reports FY24 Results, Announces Strategic Restructuring and Nasdaq Delisting
Vislink Technologies reports a net loss for FY24, initiates restructuring to streamline operations, and voluntarily delists from Nasdaq to trade on the OTCQB.
Worse than expected
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Vislink Technologies has filed an amendment to its annual report to restate certifications by the principal executive and financial officers.
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Vislink Technologies has filed an amendment to its annual report to update information regarding directors, executive compensation, and corporate governance.
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Vislink Technologies' 10-K filing details its common stock structure, voting rights, dividend policies, and anti-takeover provisions.
Insider Trading (Form 4)
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Hale Capital Partners acquired 20,500 shares of Vislink Technologies at $2.51 per share, increasing their total holdings.
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Hale Capital Partners, LP, along with related entities and individuals, increased its beneficial ownership of Vislink Technologies, Inc. common stock through a series of purchases.
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Hale Capital Partners, LP reports purchasing 1,000 shares of Vislink Technologies at $2.398 per share, increasing their indirect holdings to 377,594 shares.
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Hale Capital Partners, LP reports purchasing additional shares of Vislink Technologies, Inc., increasing its beneficial ownership.
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Hale Capital Partners, LP, along with related entities and individuals, reported purchasing additional shares of Vislink Technologies, Inc.
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Hale Capital Partners, LP reports increased beneficial ownership of Vislink Technologies, Inc. common stock through open market purchases.
Proxy Statements (Def-14A)
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Vislink Technologies will hold its annual stockholders meeting virtually on August 7, 2024, to elect directors and ratify the appointment of its independent auditor.
Schedule 13D - Activist Investments
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SCHEDULE 13D/A: Hale Capital Partners Secures Board Seat and Observer Role at Vislink Technologies Following Cooperation Agreement
Hale Capital Partners and its affiliates have reached a Cooperation and Confidentiality Agreement with Vislink Technologies, Inc., leading to the nomination of William Bender to the board and Martin Hale as a board observer.
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Hale Capital Partners, LP and its affiliated entities have significantly increased their beneficial ownership in Vislink Technologies, Inc. to approximately 16% of the outstanding common stock, as disclosed in a recent Schedule 13D/A filing.
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Hale Capital Partners, LP and its affiliates have filed an Amendment No. 2 to their Schedule 13D, disclosing an increased beneficial ownership of 14.7% in Vislink Technologies, Inc.'s common stock.
Capital raise
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Hale Capital Partners, LP, along with affiliated entities, has increased its beneficial ownership in Vislink Technologies, Inc. to 13.2% through recent open market purchases.
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SCHEDULE 13D: Hale Capital Partners Discloses 12% Stake in Vislink Technologies, Citing Undervaluation and Intent to Engage on Governance
Hale Capital Partners, LP and its affiliates have disclosed a 12.0% beneficial ownership stake in Vislink Technologies, Inc., stating their belief that the company's securities are undervalued and signaling intent to engage with management and the board on corporate governance and strategic direction.
Better than expected