Vislink Applied sciences, Inc (NASDAQ: VISL) reported fourth-quarter fiscal 2023 income of $8.1 million, up from $7.4 million 12 months over 12 months.
EPS lack of $(0.99) in comparison with $(2.36) within the prior 12 months interval.
Gross margin rose to 46%, up from 33% within the prior 12 months. The development in gross margin was as a result of larger contribution of MilGov income and software program and companies to whole income.
Vislink held $14.2 million in money and equivalents as of December 31, 2023.
“2023 marked a pivotal 12 months for Vislink, as we laid the groundwork for accelerated income progress and money move neutrality in 2024,” stated Vislink CEO Mickey Miller.
“Our accelerated MilGov gross sales, mixed with rising software program and companies gross sales and working leverage, are anticipated to drive strong progress, aiming to be money move constructive in 2025.”
The inventory misplaced 50% within the final 12 months. Traders can achieve publicity to the inventory through Vanguard Prolonged Market ETF VXF and Vanguard Complete Inventory Market ETF VTI.
Worth Motion: VISL shares traded greater by 5.8% at $3.45 on the final examine Monday.
