Vislink Technologies, Inc. (VISL) Financial Statements (2024 and earlier)

Company Profile

Business Address 350 CLARK DRIVE
MT. OLIVE, NJ 07828
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,81024,83325,62724,47626,87931,023
Cash and cash equivalents10,97314,04425,62724,47626,87931,023
Short-term investments10,83710,789    
Receivables5,7476,3856,0079,3868,6739,436
Inventory, net of allowances, customer advances and progress billings13,17711,98712,02115,06914,72813,764
Inventory13,17711,98712,02115,06914,72813,764
Other undisclosed current assets2,3761,0291,2321,5772,2022,060
Total current assets:43,11044,23444,88750,50852,48256,283
Noncurrent Assets
Operating lease, right-of-use asset9401,0081,0751,1241,2601,312
Property, plant and equipment1,7441,5611,4341,3611,3651,336
Intangible assets, net (including goodwill)3,9104,1564,4004,6485,1015,514
Intangible assets, net (excluding goodwill)3,9104,1564,4004,6485,1015,514
Total noncurrent assets:6,5946,7256,9097,1337,7268,162
TOTAL ASSETS:49,70450,95951,79657,64160,20864,445
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,7694,3334,1944,7674,3385,626
Accounts payable3,3332,6742,6262,9792,7382,835
Accrued liabilities1,4361,6591,5681,7881,6002,791
Deferred revenue1,9211,2911,5402,1631,4461,608
Debt394 84251584 
Other undisclosed current liabilities406433455451464446
Total current liabilities:7,4906,0576,2737,6326,8327,680
Noncurrent Liabilities
Long-term debt and lease obligation:    1,1521,3171,494
Liabilities, other than long-term debt1,5891,7301,871818872926
Deferred income tax liabilities655708764818872926
Operating lease, liability9341,0221,1071,1521,3171,494
Total noncurrent liabilities:1,5891,7301,8711,9702,1892,420
Total liabilities:9,0797,7878,1449,6029,02110,100
Equity
Equity, attributable to parent40,62543,17243,65248,03951,18754,345
Treasury stock, value(277)(277)(277)(277)(277)(277)
Additional paid in capital346,822346,486345,365345,070344,732344,493
Accumulated other comprehensive loss(1,037)(1,182)(1,337)(2,182)(1,436)(565)
Accumulated deficit(304,883)(301,855)(300,099)(294,572)(291,832)(289,306)
Total equity:40,62543,17243,65248,03951,18754,345
TOTAL LIABILITIES AND EQUITY:49,70450,95951,79657,64160,20864,445

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues5,0437,1887,3787,1146,7567,154
Cost of revenue(2,536)(3,416)(6,106)(3,823)(3,287)(3,513)
Gross profit:2,5073,7721,2723,2913,4693,641
Operating expenses(5,891)(6,120)(6,823)(6,099)(6,055)(6,491)
Operating loss:(3,384)(2,348)(5,551)(2,808)(2,586)(2,850)
Nonoperating income (expense)302537(10)14432
Loss, foreign currency transaction, before tax    (746)(871) 
Other nonoperating income (expense)(11)341   32
Interest and debt expense   20179 
Loss from continuing operations before equity method investments, income taxes:(3,082)(1,811)(5,541)(2,777)(2,573)(2,818)
Other undisclosed loss from continuing operations before income taxes   (20)(17)(9) 
Loss from continuing operations before income taxes:(3,082)(1,811)(5,561)(2,794)(2,582)(2,818)
Income tax expense (benefit)5455(161)545651
Loss from continuing operations:(3,028)(1,756)(5,722)(2,740)(2,526)(2,767)
Loss before gain (loss) on sale of properties:(2,740)(2,526)(2,767)
Net loss:(3,028)(1,756)(5,722)(2,740)(2,526)(2,767)
Other undisclosed net income attributable to parent   215   
Net loss attributable to parent:(3,028)(1,756)(5,507)(2,740)(2,526)(2,767)
Other undisclosed net loss available to common stockholders, basic   (20)   
Net loss available to common stockholders, diluted:(3,028)(1,756)(5,527)(2,740)(2,526)(2,767)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(3,028)(1,756)(5,722)(2,740)(2,526)(2,767)
Other comprehensive income (loss)145155(845)746871(268)
Comprehensive loss:(2,883)(1,601)(6,567)(1,994)(1,655)(3,035)
Other undisclosed comprehensive income, net of tax, attributable to parent   215   
Comprehensive loss, net of tax, attributable to parent:(2,883)(1,601)(6,352)(1,994)(1,655)(3,035)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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