Vislink Technologies Inc (NASDAQ:VISL) Stock Takes a Hit: Here is Why

Global technology business engaged in collection, delivery and managing high-quality, live video in broadcast, law and defense markets, Vislink Technologies Inc (NASDAQ:VISL) 22nd July, 2021 announced three new products surpassing sales of $6 million in the current year.

IP Link 3.0, Quantum Receiver and DVE 6100, the three products were launched in quarter one of the year. Mickey Miller, CEO of Vislink, said that the notable success in market traction, customer demand as well as contribution to the topline in short time has exceeded expectations. He added that the concept of IP-Everywhere ensures transformative potential of IP technology in broadcasting.

Miller also opined that the goal in 2021 was to ensure targeted investments allowing the firm to expand leadership across diverse industries and expects the sales to accrue to its balance sheets even in 2022.

IP Link 3.0, an ATSC 3.0 advanced studio-transmitter link system, enables broadcasting service platforms access new avenues for monetization. The system combines features of indoor broadcast digital microwave point-to-point radio systemalong with advanced efficiencies of long-distanceIP microwave radio design.

Quantum, native IP wireless camera receiver, gives high-reliability reception from wireless camera transmitters delivering efficient workflows. The receiver enables production teams to completely implement remote production systems.

DVE 6100, a recent line of advanced satellite communications systems, represents affordable solution boosting satellite bandwidth efficiency and gives rapid, secure and reliable communications at low transmission costs.

Market Reaction:

On Thursday, VISL stock fell 1.63% to $2.42 with more than 3.31 million shares, compared to its average volume of 3.30 million shares. The stock had moved within a range of $2.3900 – 2.5800 after opening the trade at $2.51. Over the past 52-week, the stock has been trading within a range of $1.1100 – 5.3500.

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