Vislink Technologies Reports Net Loss of $4.78 Million in Q2 2023
Revenue for the Second Quarter Amounted to $5.04 Million
Vislink Technologies, Inc. (VISL), a leading provider of cutting-edg e communication solutions, has released its condensed consolidated financial statements for the second quarter of 2023. The company reported a net loss of $4.78 million for the quarter, accompanied by revenue of $5.04 million. These financial results reflect the company's ongoing efforts to navigate a competitive market landscape while investing in innovative technologies.
Consolidated Balance Sheets
The company's condensed consolidated balance sheets reveal current assets amounting to $43.11 million as of June 30, 2023, reflecting a slight decrease compared to $44.89 million on December 31, 2022. The decrease in assets is attributed to fluctuations in cash and cash equivalents, accounts receivable, and inventories.
Revenue and Operating Expenses
