Vislink Technologies Inc (NASDAQ: VISL) Stock Takes A Hit: Here’s Why

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A global technology company engaged in the collection, delivery and management of high-quality live video in the broadcast, legal and defense markets, Vislink Technologies Inc (NASDAQ: VISL) 22sd July 2021 announced three new products exceeding sales by $ 6 million for the current year.

IP 3.0 link, Quantum receiver and DVE 6100, all three products were launched in the first quarter of the year. Mickey Miller, CEO of Vislink, said the notable success in pulling the market, building customer demand as well as contributing to revenue in a short time has exceeded expectations. He added that the concept of IP-Everywhere guarantees the transformative potential of IP technology in broadcasting.

Miller also estimated that the goal in 2021 was to secure targeted investments allowing the company to expand its leadership in various industries and expects sales to pile up on its balance sheets even in 2022.

IP Link 3.0, an advanced studio-to-transmitter ATSC 3.0 linkage system, opens up new avenues of monetization for broadcast service platforms. The system combines the features of an indoor broadcast point-to-point digital microwave radio system with advanced long-range IP microwave radio design efficiencies.

Quantum, the native IP wireless camera receiver, provides high reliability reception from wireless camera transmitters providing efficient workflows. The receiver allows production teams to fully implement remote production systems.

DVE 6100, a recent line of advanced satellite communication systems, represents an affordable solution that increases satellite bandwidth efficiency and provides fast, 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, from its average volume of 3.30 million shares. The stock had traded in a range of $ 2.3900 to $ 2.5800 after opening trade at $ 2.51. Over the past 52 weeks, the stock has traded in a range of $ 1.1100 to 5.3500.

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