Vislink Clocks 5% Revenue Growth In Q1, Sees Robust Sales Funnel Worth At least $1M Ahead

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Vislink Technologies, Inc. VISL reported first-quarter FY23 revenue of $7.2 million, improving 5% year over year.
The live news, sports, and entertainment firm registered an EPS loss per share of $(0.80), an improvement from $(1.20) in the prior year period.
The company said continued cost management and 50% growth in our MilGov segment bolstered revenue growth.
The gross margin expanded by 400 bps to 54% on cost management measures.
EBITDA improved 26%, to $(1.7) million from $(2.4) million in the prior year period.
Vislink held $14 million in cash and equivalents.
Looking ahead, the company is planning to double its AeroLink delivery volume in the second quarter.
Vislink targets a 90/10 revenue split between hardware vs. software and services.
"Our refined go-to-market motions are gaining traction, validated by our robust sales funnel that includes the most $1 million plus opportunities in several years. We are confident in our ability to capitalize on these deals in the coming quarters," said CEO Mickey Miller.
Price Action: VISL shares traded lower by 0.66% at $5.24 on the last check Monday.