Vislink Reports Third Quarter 2023 Financial and Operational Results
Mt. Olive, NJ, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (“Vislink” or the “Company”) (Nasdaq: 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 third quarter ended September 30, 2023.
- Vislink, in partnership with FocalPoint VR, ensures reliable, low-latency video for real-time cockpit views at the track and at home.
- Vislink facilitates crucial data communication between the race cars and their control systems and generates recurring revenue from an annual service-level agreement.
- Cash burn in the third quarter was primarily influenced by the low revenue volume experienced in the second quarter.
- Management will host a conference call today, November 8, 2023, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its financial results for the third quarter ended September 30, 2023.