Vislink Says its Revenue is Up 61 Percent

Posted by Joe Zaller
Apr 30 2012

UK-based Vislink plc, which owns the Advent, Gigawave, Link and MRC brands, said in an interim management statement that its 2021 revenue through April 25th 2012 was £13.7m, up 61% versus the same period a year ago.  On an organic basis (excluding the contribution from Gigawave, which was acquired in June 2011) revenue was up 37% versus the same period a year ago.

Orders in the period were £13.4m, up 43% versus last year, and up 16% on an organic basis. The company said it experienced growth in both its broadcast and surveillance segments.

Vislink said it made a profit during the period and that it traded profitably and in line with management expectations for the quarter ended 31 March 2012.

The company reiterated guidance issued last quarter that it believes it can achieve profitable growth to £80 million of annualized revenues within 3 years (2011 revenue was £50.3m) with a 10% operating profit.

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Related Content:

Vislink Interim Management Statement

2011 Results: Vislink Reports Full Year 2011 Results, Reaffirms Goal of Growing Revenue by 60% Within Three Years

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