Vislink Technologies, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Vislink Technologies, Inc. has filed its 2023 annual report (10-K) detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

Vislink Technologies, Inc. (VISL) filed a Annual Report (10-K) with the SEC on April 3, 2024. Vislink Technologies, Inc. filed its 2023 Form 10-K on April 3, 2024. The filing covers the fiscal year ending December 31, 2023. The company was formerly known as xG TECHNOLOGY, INC. and changed its name on December 20, 2012. The company is incorporated in Delaware and its principal business address is in Mt. Olive, NJ. The SIC code for Vislink Technologies is 3669 (Communications Equipment, NEC).

Why It Matters

For investors and stakeholders tracking Vislink Technologies, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Vislink's financial health, operational performance, and strategic direction for the past fiscal year, which is crucial for investors to assess the company's current standing and future prospects. The detailed financial statements and risk factor disclosures within the 10-K are essential for understanding the company's revenue streams, profitability, debt levels, and potential challenges, enabling informed investment decisions.

Risk Assessment

Risk Level: medium — Vislink Technologies, Inc. shows moderate risk based on this filing. The company's financial performance and operational risks are not detailed in the provided header information, requiring a deeper dive into the full 10-K document for specific risk assessment.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion and analysis, and risk factors to understand Vislink Technologies' performance and outlook.

Key Players & Entities

• Vislink Technologies, Inc. (company) — Filer name
• xG TECHNOLOGY, INC. (company) — Former company name
• 2023-12-31 (date) — Fiscal year end
• 2024-04-03 (date) — Filing date
• Mt. Olive, NJ (location) — Business address
• 3669 (industry_code) — Standard Industrial Classification

FAQ

Industry Context

Vislink Technologies operates in the Communications Equipment, NEC industry (SIC 3669).

Regulatory Implications

The filing is a Form 10-K, an annual report required by the U.S. Securities and Exchange Commission (SEC) for publicly traded companies.

What Investors Should Do

1. Analyze the full 10-K document for detailed financial performance metrics.
2. Identify key risk factors and management's strategies to mitigate them.
3. Assess the company's operational segments and revenue breakdown for the fiscal year 2023.

Year-Over-Year Comparison

This is the initial header information for the 2023 10-K filing; a comparison to the previous filing would require access to that document.

Key Financial Figures

• $0.00001 — ch registered Common Stock, par value $0.00001 VISL The Nasdaq Capital Market Se
• $5.66 — 5 million based on the closing price of $5.66 for the registrant's common stock as qu

Filing Documents

• form10-k.htm (10-K) — 2558KB
• ex4-3.htm (EX-4.3) — 39KB
• ex4-11.htm (EX-4.11) — 40KB
• ex21-1.htm (EX-21.1) — 5KB
• ex23-1.htm (EX-23.1) — 5KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• ex97-1.htm (EX-97.1) — 78KB
• form10-k_001.jpg (GRAPHIC) — 45KB
• form10-k_002.jpg (GRAPHIC) — 12KB
• form10-k_003.jpg (GRAPHIC) — 26KB
• form10-k_004.jpg (GRAPHIC) — 19KB
• form10-k_006.jpg (GRAPHIC) — 38KB
• form10-k_007.jpg (GRAPHIC) — 28KB
• form10-k_008.jpg (GRAPHIC) — 10KB
• form10-k_009.jpg (GRAPHIC) — 48KB
• 0001493152-24-013015.txt (&nbsp;) — 13455KB
• visl-20231231.xsd (EX-101.SCH) — 85KB
• visl-20231231_cal.xml (EX-101.CAL) — 112KB
• visl-20231231_def.xml (EX-101.DEF) — 296KB
• visl-20231231_lab.xml (EX-101.LAB) — 612KB
• visl-20231231_pre.xml (EX-101.PRE) — 475KB
• form10-k_htm.xml (XML) — 2727KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 12 Item 1B. Unresolved Staff Comments 29 Item 1C. Cybersecurity 29 Item 2.

Properties

Properties 31 Item 3.

Legal Proceedings

Legal Proceedings 31 Item 4. Mine Safety Disclosures 31 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 32 Item 6. Reserved 32 Item 7.

Management's Discussion and Analysis of Financial Conditions and Results of Operations

Management's Discussion and Analysis of Financial Conditions and Results of Operations 33 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 46 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 46 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 46 Item 9A.

Controls and Procedures

Controls and Procedures 47 Item 9B. Other Information 47 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 47 PART III Item 10. Directors, Executive Officers, and Corporate Governance 48 Item 11.

Executive Compensation

Executive Compensation 48 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 48 Item 13. Certain Relationships and Related Transactions, and Director Independence 48 Item 14. Principal Accountant Fees and Services 48 PART IV Item 15. Exhibits, Financial Statement Schedules 49

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS F-1 2 FORWARD-LOOKING INFORMATION This Annual Report on Form 10-K (including the section regarding Management's Discussion and Analysis of Financial Condition and Results of Operations) (this "Report") contains forward-looking statements regarding the business, financial condition, results of operations, and prospects of Vislink Technologies, Inc. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar words and phrases are intended to identify forward-looking statements. However, this report does not include an all-inclusive list of words or phrases identifying forward-looking Although forward-looking statements in this Report reflect our management's good faith judgment, such information can only be based on facts and circumstances currently known by us. Forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from those discussed or anticipated by the forward-looking statements. Without limitation, factors that could cause or contribute to such differences in results and outcomes include those discussed elsewhere in this Report. We undertake no obligation to revise or update any forward-looking statements to reflect any event or circumstance that may arise after the date of this Report. We urge you to carefully review and consider all the disclosures made in this Report. References to Vislink in this report, unless otherwise stated or the context otherwise requires, reference to "VISL," "Vislink," "the Company," "we," "us," "our," and similar reference refer to Vislink Technologies, Inc., a Delaware corporation and its subsidiaries. Risk Factor Summary The following summarizes certain factors that may make our company's investment speculative or risky. You should carefully consider the entire risk factor disclosur

View Full Filing

View this 10-K filing on SEC EDGAR