Vislink Technologies Inc. reported an increase in sales for the fiscal year ending December 31, 2024, with revenue rising to $27.8 million from $27.5 million in the previous year. This $0.3 million growth is attributed to expanded market reach, new product developments like AeroLink and DragonFly V, and integrating UK manufacturing operations into U.S. facilities. Additionally, increased sales to military and government customers contributed to this growth. The company reported a net loss before income taxes of $20.646 million, a significant increase compared to a net loss of $9.345 million in the previous fiscal year. Despite the rise in revenue, the loss from operations also increased to $21.508 million from $10.598 million. Vislink Technologies has filed a Form 25 with the SEC to voluntarily delist its common stock from The Nasdaq Capital Market. The company's decision to delist reflects a strategic shift as it continues to optimize operations, including improvements from a new ERP system enhancing order fulfillment and efficiency.
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