Vislink Says Orders Up in Q1, Expects to Post Smaller Loss for First Half of 2011

Posted by Joe Zaller
May 18 2011

UK-based Vislink plc, which owns the Advent, Link, and MRC brands, said in an interim management statement that it expects to post a loss in the first half of 2011 that is less than the loss it posted for the first half of 2010.

The company said its trading in the first quarter of 2011 was “in line with expectations,” and that orders and margins increased versus the same period last year, led by higher demand for its broadcast products in Asia and South America.

The company also said that its previously announced cost reduction program has lowered its total operating expenditure by almost 20% versus the first quarter of 2010.

Vislink says that new interim CEO John Hawkins is undertaking a full review of the business, with a focus on returning the company to profitable growth by the end of 2011. This review will include an assessment of growth opportunities and technology drivers.

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Related Content:

Vislink Interim Management Statement

Vislink News & Entertainment Revenue Declined 28 Percent in 2010

Vislink CEO to Step Down, Will be Replaced by New Chairman on Interim Basis

Vislink Lays off 25% of Workforce

Vislink Restructuring Operations. Announces M&A Program to Focus Business on IP Video for Broadcast and Public Safety Markets

Vislink Trading Update for 1H 2010

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