Vislink Technologies Inc
For the period ended Dec 31, 2024. Filed May 2, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed May 2, 2025
VISL$2.00-7.0%Stored close · as of Sep 19, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(IN THOUSANDS, EXCEPT NET LOSS PER SHARE DATA)
| For the Years Ended | ||
|---|---|---|
| December 31, | ||
| 2024 | 2023 | |
| Revenue, net | $27,729 | $27,482 |
| Cost of revenue and operating expenses | ||
| Cost of revenue: | ||
| Cost of components and personnel | 13,955 | 13,380 |
| Inventory impairments and valuation write-downs | 6,828 | 487 |
| Total cost of revenue | 20,783 | 13,867 |
| Operating expenses: | ||
| General and administrative expenses | 21,596 | 19,376 |
| Research and development | 4,561 | 3,493 |
| Restructuring costs | 489 | — |
| Impairment of right-of-use operating assets | 168 | 83 |
| Impairment of intangible assets | 330 | — |
| Depreciation and amortization | 1,310 | 1,261 |
| Total operating expenses | 28,454 | 24,213 |
| Total cost of revenue and operating expenses | 49,237 | 38,080 |
| Loss from operations | (21,508) | (10,598) |
| Other income (expenses) | ||
| Unrealized gain on investments in debt securities held to maturity | (25) | 68 |
| Realized loss of investments in debt securities | (24) | (82) |
| Other income | 400 | 332 |
| Dividend income | 211 | 375 |
| Interest income (expense), net | 300 | 560 |
| Total other income | 862 | 1,253 |
| Net loss before income taxes | (20,646) | (9,345) |
| Income taxes | ||
| Deferred tax benefits | 145 | 218 |
| Net loss attributable to common shareholders | $(20,501) | $(9,127) |
| Net loss per share attributable to Common Shareholders: | ||
| Basic and diluted loss per share | $(8.35) | $(3.83) |
| Weighted average number of shares outstanding: | ||
| Basic and diluted | 2,456 | 2,381 |
| Comprehensive loss: | ||
| Net loss | $(20,501) | $(9,127) |
| Unrealized (loss) gain on currency translation adjustment | (425) | 310 |
| Comprehensive loss | $(20,926) | $(8,817) |
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