Vislink Technologies (NASDAQ:VISL) CEO Mickey Miller told attendees at the Emerging Growth Conference that the company has undergone what he described as a “transformation year” as it pivots away from a predominantly broadcast-focused business toward faster-growing military and government (MilGov) applications centered on real-time video intelligence, tactical networking, and command-and-control.
Q4 results and a shift toward MilGov
Miller said Vislink’s fourth-quarter revenue was $5.2 million, which he said represented a 56% increase versus the year-ago quarter and a 37% increase from the prior quarter. He also cited a 29% year-over-year reduction in operating expenses, attributing the decrease to consolidation efforts and the use of AI to improve internal efficiency.
As an early indicator of momentum, Miller highlighted January performance, stating Vislink generated $2 million in revenue and approximately $300,000 of EBITDA in the month, with MilGov representing more than half of monthly business.
Core offerings: low-latency video and hybrid connectivity
Miller described Vislink as providing “mission-critical, high-performance, real-time, AI-driven video intelligence” in environments ranging from major sports broadcasts to defense and public safety. He emphasized the company’s “waveform-agnostic” approach—supporting RF, MANET, 5G/3GPP, and satellite links—and said Vislink can combine multiple transmission mediums in complex and congested environments.
In illustrating the company’s legacy in high-density RF conditions, Miller cited the Super Bowl, where he said Vislink supported 56 simultaneous wireless cameras in a congested spectrum environment. He also pointed to MotoGP, saying Vislink supports more than 100 cameras, including four per bike, and 36 simultaneous live RF channels across a multi-country schedule.
Miller said the company has exited the SatCom business due to lower margins and positioned itself to “scale” in defense ISR, public safety, and tactical networking. He also noted operational streamlining, including consolidation into a single engineering center and a streamlined manufacturing footprint.
Products and customer traction
Miller said Vislink has launched five dual-use products and is seeing success in ISR, UAV, and tactical networking. He highlighted several product wins and deployments discussed during the presentation:
- Aero5: Miller said Vislink received an initial order from Airbus for the product, which he described as enabling bonded cellular connectivity and the ability to combine it with satellite.
- AeroLink: He said Vislink received an initial order from the Danish Ministry of Defence, described as a $1.1 million opportunity, to support border surveillance.
- Mobile Commander II: He referenced a large European public safety organization using it to deliver ground images to agents.
- MeshConnect: Miller said this was deployed for the first time at the 2025 Super Bowl.
- RF over Fiber: He said the technology is in use with European broadcasters and public safety customers in multiple regions.
Explaining Aero5, Miller described a use case where multiple cellular connections—up to eight SIMs—can be combined with satellite connectivity such as Starlink. The system, he said, evaluates available channels, compresses the image, distributes data across the best links, and then recombines the stream on the receiving end, with software distributing video to control centers and authorized users in the field.
Strategy: software delivered on proprietary hardware
Asked about long-term strategic focus, Miller said Vislink views itself as “a software company that’s delivered on proprietary hardware,” adding that the company intends to keep investing in software capabilities while maintaining strong hardware and firmware teams to meet SWaP (size, weight, and power) requirements. He said the defense market requires “the full stack,” referencing companies such as Anduril as examples of that model.
On technology defensibility, Miller pointed to Vislink’s expertise at the intersection of RF and IP networking, arguing that the pool of RF engineers has declined over time and that Vislink’s mix of experienced and younger RF talent differentiates it.
Outlook: EBITDA goal, vertical growth, and “spectrum supremacy”
Miller said Vislink’s goal is to be EBITDA-positive “this year,” citing the January results as an early step. On a potential return to a major exchange, he said the company has kept financial reporting capabilities in place to preserve an uplisting option, but stressed that stepping away from Nasdaq was intended to allow management to focus on rebuilding.
On growth verticals, Miller said the fastest increases are in air-to-ground surveillance and reconnaissance and in tactical applications involving drones and manned/unmanned systems. He also acknowledged pressure in traditional broadcasting, citing challenges from streaming, digital ads, and AI, though he said entertainment events and sports leagues continue to invest in high-quality video production.
Looking further ahead, Miller said Vislink is expanding from radios into networked solutions and described the company’s focus on the electromagnetic spectrum as central to future defense needs. He summarized the theme as “control the spectrum, control the fight,” and said the company’s mission is to help keep service members out of harm’s way by enabling unmanned systems across air, sea, and ground.
About Vislink Technologies (NASDAQ:VISL)
Vislink Technologies, Inc develops and supplies mission-critical wireless video, data and communications solutions for broadcast, sports production, public safety, and defense applications. The company’s core expertise lies in radio frequency (RF) and Internet Protocol (IP) transmission technologies, enabling customers to capture, transmit and manage high-quality live video and telemetry from remote or mobile locations.
Vislink’s product portfolio includes RF and microwave camera systems, microwave link kits, bonded cellular transmitters, IP video encoders and decoders, antennas, and network management software.
