Vislink Technologies Faces Q2 Revenue Decline, Implements 5% Price Increase To Drive Growth
Portfolio Pulse from Anusuya Lahiri
Vislink Technologies reported Q2 FY23 revenue of $5.04 million, a 25.5% YoY decline, missing the consensus of $7.50 million. The company also reported an EPS loss of $(1.27), missing the consensus of $(0.80). Despite the decline, the company has implemented a 5% price increase on all new orders to drive growth. Vislink's shares traded lower by 5.09% at $5.01 premarket on the last check Friday.
August 11, 2023 | 1:08 pm
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NEGATIVE IMPACT
Vislink Technologies reported a significant decline in Q2 FY23 revenue and EPS, missing consensus estimates. The company has implemented a 5% price increase on all new orders to drive growth.
Vislink's Q2 FY23 revenue and EPS missed consensus estimates, which is likely to negatively impact investor sentiment and the company's stock price in the short term. However, the company's decision to implement a 5% price increase on all new orders could potentially drive growth in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100