Vislink Technologies (VISL, Financial) reported a decline in its fourth-quarter revenue, bringing in $3.4 million compared to $7.1 million in the previous quarter. Despite the revenue challenges faced during this period, the company made notable strategic advances throughout 2024, according to CEO Mickey Miller.
Over the entire year, VISL saw modest revenue growth and significantly enhanced its operational base. This improvement came through the implementation of an enterprise resource planning system and an extensive restructuring plan, which is expected to yield annualized savings of approximately $10 million by reducing costs and operational complexities. The company aims to support long-term growth and better manage working capital with this streamlined model.
The MilGov business segment showed strong momentum, with significant orders and shipments for airborne video downlink systems, highlighting new applications in drone technologies. With increasing adoption across agencies in the U.S., Canada, and Europe, VISL is optimistic about winning further contracts in 2025.
Additionally, the transition to a service-centric approach is progressing well, generating over $900,000 in recurring revenue through Service Level Agreements. In the Live Production market, demand for the company's solutions remains robust, demonstrated by their involvement in premier global events. Interest is also growing in VISL's DragonFly V5G miniature transmitter and expanded product lineup, addressing changing broadcast workflows.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Vislink Technologies Inc (VISL, Financial) is $9.00 with a high estimate of $9.00 and a low estimate of $9.00. The average target implies an upside of 267.35% from the current price of $2.45. More detailed estimate data can be found on the Vislink Technologies Inc (VISL) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Vislink Technologies Inc's (VISL, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Vislink Technologies Inc (VISL, Financial) in one year is $6.52, suggesting a upside of 166.12% from the current price of $2.45. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Vislink Technologies Inc (VISL) Summary page.
