Published on 6 Oct 2024 on GuruFocus.com · via Yahoo Finance
Vislink Technologies Inc (VISL) Q2 2024 Earnings Call Highlights: Revenue Surge...
Revenue: Increased 73% year-over-year to $8.7 million.Gross Profit: Increased to $4.9 million from $2.6 million in the prior year period.Gross Margin: Improved to 56% from 53% in the prior year.Total Expenses: Increased to $11.3 million from $8.4 million in the prior year period.Operating Loss: Improved to negative $2.6 million from negative $3.4 million in the prior year period.Net Loss: Improved to negative $2.3 million or negative $0.93 per share from negative $3 million or negative $1.27 per share in the prior year period.Cash and Short-term Investments: $11.5 million as of June 30, 2024, compared to $14.2 million at December 31, 2023.Working Capital: $29 million at the end of the second quarter compared to $31.8 million at December 31, 2023.Weighted Sales Pipeline: Valued at $51 million, up from record levels reported in Q1.
Warning! GuruFocus has detected 2 Warning Signs with VISL.