VISL on OTC
XG Technology
Logo: xG Technology, Inc., Public domain, via Wikimedia Commons5
American technology company
Vislink Technologies, Inc. is an American technology company that specializes in the collection, delivery, management and distribution of high quality live video and data. Founded as xG Technology in Sarasota, Florida in 2002, the company had acquired both Vislink and Integrated Microwave Technologies by 2017. In February 2019, xG Technology formally changed its name to Vislink Technologies.3 Wikipedia text CC BY-SA 4.0
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Last updated Oct 21, 2026.
Overview
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- TickerVISL on OTC1
- Industrytelecommunications1
- HeadquartersSarasota1
- Websitewww.xgtechnology.com
- Legal formDelaware corporation1
- Incorporated inDE6
- Business address350 Clark Drive, Suite 125, Mt. Olive, Nj 078286
- Filer categoryNon-accelerated filer, Smaller reporting company6
- LEI549300QXCON16MHSX9194
- StatusActive4
- LEI statusLapsed (not renewed)4
- Registered addressC/O Corporate Agents, Inc., 19808 Wilmington, United States4
- Registered withDivision of Corporations, Department of State, 35624494
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Vislink Technologies, Inc. is an American technology company that specializes in the collection, delivery, management and distribution of high quality live video and data. Founded as xG Technology in Sarasota, Florida in 2002, the company had acquired both Vislink and Integrated Microwave Technologies by 2017. In February 2019, xG Technology formally changed its name to Vislink Technologies. The company is headquartered in Hackettstown, New Jersey and has regional offices in Billerica, Massachusetts and Anaheim, California, as well as global offices in the United Kingdom, Dubai and Singapore. Vislink is a publicly traded company listed on the NASDAQ Capital Market.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue75¢$20.8M
- Research and development16¢$4.6M
- Other costs8¢$2.2M
- Income tax1¢$145.0K
Out of $27.7M in revenue.8 The company lost money this year.
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $38.3M9 | $28.9M10 | $22.9M11 | $33.9M12 | $28.1M13 | $27.5M8 | $27.7M8 |
| Cost of revenue | $13.9M8 | $20.8M8 | |||||
| Research and development | $7.9M9 | $3.2M10 | $2.7M11 | $3.1M12 | $4.1M13 | $3.5M8 | $4.6M8 |
| Operating expenses | $51.6M12 | $42.2M13 | $24.2M8 | $28.5M8 | |||
| Operating income | -$14.4M9 | -$17.2M10 | -$17.9M11 | -$17.7M12 | -$14.1M13 | -$10.6M8 | -$21.5M8 |
| Interest | $2.7M17 | ||||||
| Income before tax | -$16.4M12 | -$13.8M13 | -$9.3M8 | -$20.6M8 | |||
| Income tax | $6.0K9 | $14.0K10 | $9.0K11 | $7.0K12 | -$190.0K13 | -$218.0K8 | -$145.0K8 |
| Net income | -$14.9M9 | -$18.0M10 | -$17.6M11 | -$16.4M12 | -$13.5M13 | -$9.1M8 | -$20.5M8 |
| Earnings per share | -$0.3812 | -$5.8113 | -$3.838 | -$8.358 | |||
| Earnings per share (diluted) | -$5.8113 | -$3.838 | -$8.358 | ||||
| Shares (weighted, basic) | 43.5M shares12 | 2.3M shares13 | 2.4M shares8 | 2.5M shares8 | |||
| Shares (weighted, diluted) | 2.3M shares13 | 2.4M shares8 | 2.5M shares8 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $2.0M9 | $1.7M10 | $5.2M11 | $36.2M12 | $25.6M13 | $8.5M8 | $5.5M8 |
| Receivables | $9.1M12 | $6.0M13 | $8.7M8 | $6.0M8 | |||
| Inventory | $11.9M12 | $12.0M13 | $14.0M8 | $7.6M8 | |||
| Current assets | $22.0M9 | $16.8M10 | $16.5M11 | $59.7M12 | $44.9M13 | $38.5M8 | $21.3M8 |
| Property, plant and equipment | $1.2M12 | $1.4M13 | $1.9M8 | $2.0M8 | |||
| Goodwill | $012 | $012 | |||||
| Intangible assets | $5.9M12 | $4.4M13 | $3.9M8 | $2.6M8 | |||
| Total assets | $28.8M9 | $23.6M10 | $20.7M11 | $68.1M12 | $51.8M13 | $45.0M8 | $26.2M8 |
| Accounts payable | $3.1M12 | $2.6M13 | $3.2M8 | $2.4M8 | |||
| Current liabilities | $12.6M9 | $13.2M10 | $8.8M11 | $9.0M12 | $6.3M13 | $6.7M8 | $8.3M8 |
| Total liabilities | $18.5M9 | $14.4M10 | $10.7M11 | $11.5M12 | $8.1M13 | $8.0M8 | $9.0M8 |
| Retained earnings | -$286.5M12 | -$300.1M13 | -$309.2M8 | -$329.7M8 | |||
| Shareholders’ equity | $10.3M10 | $9.2M11 | $10.0M12 | $56.6M13 | $43.7M8 | $37.0M8 | $17.2M8 |
| Shares outstanding | 1.9M shares9 | 3.6M shares10 | 21.4M shares11 | 45.8M shares12 | 2.4M shares13 | 2.4M shares8 | 2.5M shares8 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$6.4M9 | -$8.4M10 | -$14.4M11 | -$9.6M12 | -$9.4M13 | -$9.7M8 | -$6.8M8 |
| Depreciation and amortization | $1.3M12 | $1.7M13 | $1.3M8 | $1.3M8 | |||
| Stock-based compensation | $3.9M12 | $1.6M13 | $1.9M8 | $996.0K8 | |||
| Capital spending | $69.0K9 | $401.0K10 | $258.0K11 | $201.0K12 | $466.0K13 | $698.0K8 | $519.0K8 |
| Free cash flow | -$6.4M | -$8.8M | -$14.6M | -$9.8M | -$9.9M | -$10.4M | -$7.4M |
| Cash from investing | -$17.5M12 | -$466.0K13 | -$6.7M8 | $4.5M8 | |||
| Cash from financing | $58.3M12 | -$765.0K13 | -$607.0K8 | -$454.0K8 |
Corporate structure
XG Technology sits at the top of its group. 3 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of XG Technology
- Hale Capital Partners, LP Filed SCHEDULE 13D/A on XG Technology, latest Jun 20, 2025 (5 filings since Feb 12, 2025)
- Carleton M. Miller Filed SC 13D on XG Technology, latest Jan 3, 2023
- CVI Investments, Inc. Filed SC 13G/A on XG Technology, latest Feb 14, 2022
- Debbie Hantash Filed SC 13G on XG Technology, latest Jan 18, 2022
- Empery Asset Management, LP Filed SC 13G/A on XG Technology, latest Jan 11, 2022
- XG Technology Wilmington, Delaware, United States
- Mobile Viewpoint, B.V. Subsidiary · Netherlands
- Vislink, Ltd. Subsidiary · United Kingdom
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What XG Technology reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $4.8M8 Dec 31, 2024 | $4.5M8 Dec 31, 2023 | +6.9% |
| Accumulated depreciation | $2.8M8 Dec 31, 2024 | $2.6M8 Dec 31, 2023 | +8.8% |
| Property and equipment, net | $2.0M8 Dec 31, 2024 | $1.9M8 Dec 31, 2023 | +4.3% |
| Operating-lease assets (leased space) | $297.0K8 Dec 31, 2024 | $742.0K8 Dec 31, 2023 | −60.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $5.5M8 Dec 31, 2024 | $8.5M8 Dec 31, 2023 | −35.1% |
| Marketable securities, current | $995.0K8 Dec 31, 2024 | $5.7M8 Dec 31, 2023 | −82.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $2.6M8 Dec 31, 2024 | $3.9M8 Dec 31, 2023 | −33.3% |
| Finite-lived intangibles, net | $2.6M8 Dec 31, 2024 | $3.9M8 Dec 31, 2023 | −33.3% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $7.6M8 Dec 31, 2024 | $14.0M8 Dec 31, 2023 | −46.1% |
| Work in process | $651.0K8 Dec 31, 2024 | $1.5M8 Dec 31, 2023 | −55.3% |
| Finished goods | $6.0M8 Dec 31, 2024 | $5.6M8 Dec 31, 2023 | +6.6% |
Properties, in its own words
Poway, CA Facilities
January 2025 Lease
The rest of Item 2
On January 24, 2025, the Company entered a sublease agreement for 7,155 square feet within the Poway, California facility. This space will primarily be used for equipment testing.
March 2024 Lease
Included in the September 14, 2023, acquisition of assets from BMS was a sublease of approximately 11,715 square feet of general office use facilities previously held under a six-month agreement with BMS, with lease responsibilities conveyed to our subsidiary Vislink Poway, LLC. This space is primarily used for light manufacturing.
Mount Olive, NJ
On November 1, 2021, the Company entered into a lease agreement with a non-affiliated third party to rent approximately 7,979 square feet of commercial space in Mount Olive, NJ, for general business offices (including our corporate headquarters), light manufacturing, operating a testing laboratory, assembly, and inventory storage.
We believe that our facilities are adequate for our current needs.
Item 2 of the 10-K filed May 2, 2025.18
Leadership
Who has led XG Technology, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief executive officerCarleton M. Miller Jan 24, 2020 to now19
- Chief executive officerRoger G. Branton May 30, 2019 to May 30, 201920
- Chief executive officerGeorge Frederick Schmitt Jun 29, 2015 to Jul 26, 201821
- PresidentJames M. Walton Feb 27, 2017 to Aug 8, 201822
- PresidentRoss James Woodyatt Jul 29, 2013 to Mar 29, 201723
- Chief financial officerChristopher Kent Desalvo Jan 4, 2024 to now24
- Chief financial officerPaul Norridge Apr 4, 2023 to Jan 4, 202425
- Chief financial officerMichael C. Bond Apr 3, 2020 to Apr 4, 202326
- Chief financial officerRoger G. Branton Aug 6, 2013 to May 30, 201927
Board members and other officers (14)
- Chief Technology OfficerJoseph A. Bobier Jul 29, 2013 to Nov 27, 201328
- SecretaryBelinda Allen Marino Oct 10, 2013 to May 30, 201929
- Board memberRalph E. Faison Jan 3, 2020 to Feb 18, 202230
- Board memberCarleton M. Miller Jan 24, 2020 to now19
- Board memberBrian K. Krolicki Feb 3, 2020 to Feb 18, 202231
- Board memberJude T. Panetta Jul 30, 2020 to Feb 18, 202232
- Board memberSusan Swenson Oct 23, 2018 to Feb 18, 202233
- Board memberJames T. Conway Apr 9, 2015 to Feb 18, 202234
- Board memberKenneth A. Hoffman Jul 29, 2013 to Oct 19, 201835
- Board memberRaymond M. Sidney Jul 29, 2013 to May 30, 201936
- Board memberGary Cuccio Jul 31, 2013 to Oct 19, 201837
- Board memberLarry C. Townes Aug 1, 2013 to Nov 20, 201438
- Board memberGeorge Frederick Schmitt Aug 6, 2013 to May 30, 201939
- Board memberRichard L. Mooers Aug 6, 2013 to May 30, 201940
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- xG TECHNOLOGY, INC.Dec 26, 2012 to Mar 5, 20196
Timeline
- May 2, 20258-K Results of operations41
- Feb 28, 20258-K Executive or director change42
- Jan 31, 20258-K Listing notice or transfer; Regulation FD disclosure43
- Nov 14, 20248-K Results of operations44
- Aug 14, 20248-K Results of operations45
- Aug 9, 20248-K Shareholder vote46
- May 15, 20248-K Results of operations47
- Apr 1, 20248-K Results of operations; Regulation FD disclosure48
- Jan 19, 20248-K Executive or director change49
- Jan 4, 20248-K Executive or director change50
- Nov 8, 20238-K Results of operations51
- Sep 1, 20238-K Listing notice or transfer; Executive or director change52
- Jan 24, 2020New chief executive Carleton M. Miller becomes CEO19
- May 30, 2019New chief executive Roger G. Branton becomes CEO20
- Jun 29, 2015New chief executive George Frederick Schmitt becomes CEO21
- 2002Founded Founded1
Calendar
When it reported results
- May 2, 2025Reported quarterly or annual results41
- Nov 14, 2024Reported quarterly or annual results44
- Aug 14, 2024Reported quarterly or annual results45
- May 15, 2024Reported quarterly or annual results47
- Apr 1, 2024Reported quarterly or annual results48
- Nov 8, 2023Reported quarterly or annual results51
- Aug 11, 2023Reported quarterly or annual results53
- May 15, 2023Reported quarterly or annual results54
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
129 filings to the SEC since October 2021: 10 annual reports, 10 quarterly reports, 32 major events, 39 insider forms, 9 large holders, 6 private raises, 23 other. The latest 20:
- Jun 20, 2025SCHEDULE 13D/A EDGAR
- May 19, 20254 OWNERSHIP DOCUMENT EDGAR
- May 12, 202515-12G EDGAR
- May 12, 2025SCHEDULE 13D/A EDGAR
- May 9, 202510-K/A EDGAR
- May 8, 20254 OWNERSHIP DOCUMENT EDGAR
- May 2, 20258-K EDGAR
- May 2, 202510-K EDGAR
- May 1, 20254 EDGAR
- Apr 28, 20254 OWNERSHIP DOCUMENT EDGAR
- Apr 15, 20254 OWNERSHIP DOCUMENT EDGAR
- Apr 10, 20254 OWNERSHIP DOCUMENT EDGAR
- Apr 7, 20254 OWNERSHIP DOCUMENT EDGAR
- Apr 2, 20254 OWNERSHIP DOCUMENT EDGAR
- Mar 31, 2025EFFECT EDGAR
- Mar 31, 2025EFFECT EDGAR
- Mar 31, 2025NT 10-K EDGAR
- Mar 31, 2025S-8 POS EDGAR
- Mar 31, 2025POS AM EDGAR
- Mar 31, 2025POS AM EDGAR
The 129 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
43 open-market trades by officers, directors and large owners since October 2021: 43 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 15, 2025 | Hale Capital Management, LP10% owner | Buy | 20,500 | $2.51 | $51.5K | Form 4 |
| May 8, 2025 | Hale Fund Partners, LLC10% owner | Buy | 10,500 | $2.45 | $25.7K | Form 4 |
| May 7, 2025 | Hale Fund Partners, LLC10% owner | Buy | 2,000 | $2.50 | $5.0K | Form 4 |
| May 6, 2025 | Hale Fund Partners, LLC10% owner | Buy | 5,909 | $2.34 | $13.8K | Form 4 |
| Apr 29, 2025 | Hale Fund Management, LLC10% owner | Buy | 1,000 | $2.40 | $2.4K | Form 4 |
| Apr 25, 2025 | Hale Fund Partners, LLC10% owner | Buy | 700 | $2.35 | $1.6K | Form 4 |
| Apr 24, 2025 | Hale Fund Partners, LLC10% owner | Buy | 1,100 | $2.30 | $2.5K | Form 4 |
| Apr 15, 2025 | Hale Fund Management, LLC10% owner | Buy | 2,500 | $2.41 | $6.0K | Form 4 |
| Apr 11, 2025 | Hale Fund Management, LLC10% owner | Buy | 528 | $2.45 | $1.3K | Form 4 |
| Apr 9, 2025 | Hale Fund Management, LLC10% owner | Buy | 434 | $2.52 | $1.1K | Form 4 |
| Apr 8, 2025 | Hale Fund Management, LLC10% owner | Buy | 300 | $2.53 | $759 | Form 4 |
| Apr 7, 2025 | Hale Fund Management, LLC10% owner | Buy | 2,006 | $2.48 | $5.0K | Form 4 |
| Apr 3, 2025 | Hale Fund Management, LLC10% owner | Buy | 2 | $9.99 | $20 | Form 4 |
| Mar 31, 2025 | Hale Capital Partners, LP10% owner | Buy | 2,735 | $2.51 | $6.9K | Form 4 |
| Mar 24, 2025 | Hale Fund Management, LLC10% owner | Buy | 163 | $2.59 | $422 | Form 4 |
| Mar 13, 2025 | Hale Fund Partners, LLC10% owner | Buy | 400 | $2.54 | $1.0K | Form 4 |
| Mar 12, 2025 | Hale Fund Partners, LLC10% owner | Buy | 185 | $2,554.00 | $472.5K | Form 4 |
| Mar 11, 2025 | Hale Fund Partners, LLC10% owner | Buy | 2,112 | $2.51 | $5.3K | Form 4 |
| Mar 10, 2025 | Hale Fund Partners, LLC10% owner | Buy | 5,280 | $2.50 | $13.2K | Form 4 |
| Mar 7, 2025 | Hale Fund Partners, LLC10% owner | Buy | 6,492 | $2.47 | $16.0K | Form 4 |
All 43 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Hale Capital Partners, LPSCHEDULE 13D/A, 5 filings Feb 12, 2025 to Jun 20, 202555
- Carleton M. MillerSC 13D, 1 filing Jan 3, 202356
- CVI Investments, Inc.SC 13G/A, 1 filing Feb 14, 202257
- Debbie HantashSC 13G, 1 filing Jan 18, 202258
- Empery Asset Management, LPSC 13G/A, 1 filing Jan 11, 202259
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Aug 29, 2024Filed a private offering of securities60 Form D: named in the filing: Susan Swenson, Ralph Faison, Jude Panetta, Michael Bond, Carleton Miller, Brian Krolicki Form D
- Jun 17, 2024Filed a private offering of securities61 Form D: named in the filing: Brian Krolicki, Ralph Faison, Michael Bond, Carleton Miller, Jude Panetta, Susan Swenson Form D
- Feb 12, 2024Filed a private offering of securities62 Form D: named in the filing: Jude Panetta, Carleton Miller, Brian Krolicki, Ralph Faison, Michael Bond, Susan Swenson Form D
- Jan 19, 2024Filed a private offering of securities63 Form D: named in the filing: Carleton Miller, Susan Swenson, Michael Bond, Brian Krolicki, Jude Panetta, Ralph Faison Form D
- Jan 4, 2024Filed a private offering of securities64 Form D: named in the filing: Brian Krolicki, Christopher DeSalvo, Ralph Faison, Susan Swenson, Jude Panetta, Carleton Miller Form D
- Jan 1, 2024Filed a private offering of securities65 Form D: named in the filing: Ralph Faison, Jude Panetta, Susan Swenson, Carleton Miller, Brian Krolicki, Christopher DeSalvo Form D
SEC filer profile
How XG Technology is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVislink Technologies, Inc.2
- CIK0001565228
- Employer ID (EIN)20-585679518
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company18
- Incorporated inDelaware18
- Fiscal year endsDecember 312
- Industry code (SIC)3669 Communications Equipment, NEC2
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
- Business address350 Clark Drive, Suite 125, Mt. Olive, NJ 078282
- Phone941 953 90352
- Shares outstanding2,467,618 shares as of Apr 30, 202518
- Public float$10.7M as of Jun 30, 202418
- AuditorMarcum LLP, New York, NY PCAOB ID 68818
- On EDGAR sinceDec 26, 20122
- Filings955 in all: 4 (344), 8-K (155), CORRESP (45), 10-Q (35), S-1/A (30), UPLOAD (28), 3 (27), DEFA14A (25)2
All 55 form types
EFFECT (25), S-8 (18), DEF 14A (15), FWP (15), SC 13G/A (15), 424B3 (14), S-1 (14), D (13), SC 13G (13), 10-K (12), 424B5 (12), 424B4 (10), PRE 14A (10), S-3 (9), 10-K/A (8), 3/A (7), 8-K/A (6), NT 10-K (5), POS AM (4), S-3/A (4), SCHEDULE 13D/A (4), 4/A (3), DEFR14A (3), 10-Q/A (2), CERTNAS (2), NT 10-Q (2), 15-12G (1), 25 (1), 25-NSE (1), 5 (1), 8-A12B (1), 8-A12B/A (1), 8-A12G (1), AW (1), D/A (1), DEF 14C (1), DRS (1), DRS/A (1), DRSLTR (1), PRE 14C (1), RW (1), RW WD (1), S-1MEF (1), S-3MEF (1), S-8 POS (1), SC 13D (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) May 2, 2025
Quarterly report (10-Q) Nov 14, 2024
Proxy statement (DEF 14A) Jun 17, 2024
Latest 8-K (8-K) May 2, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.00001 par value per share | VISL |
From the cover page of the 10-K filed May 2, 2025 (Section 12(b) of the Exchange Act).18
Risk factors and legal proceedings
The risks XG Technology names in Item 1A of its 10-K filed May 2, 2025: 54 risks under these headings, as written.18
- In addition to the other information in this Form 10-K, readers should consider the following essential factors carefully. These factors, among others, in some cases, have affected, and in the future could affect, our financial condition and results of operations and could cause our future results to differ materially from those expressed or implied in any forward-looking statements that appear in this Form 10-K or that we have made or will make elsewhere.
- Risks Related to the Company and Our Business
- We have incurred losses in the past and may be unable to achieve or sustain profitability in the future.
- We may require additional capital to fund our operations, develop new products, and expand. If we do not obtain additional financing, our business prospects, financial condition, and results of operations will be adversely affected.
- Our global operations expose us to risks associated with public health crises or pandemic outbreaks. These crises or outbreaks could disrupt our operations and materially and adversely affect the results of our operations and financial condition.
- Our industry is highly competitive, and we may need to compete more effectively.
- Defects or errors in our products and services or products made by our suppliers could harm our brand and relations with our customers and expose us to liability. If we experience product recalls, we may incur significant expenses and experience decreased demand for our products.
- Future impairment charges could have a material adverse effect on our financial condition and the results of operations.
- Although our products may not cause users technical issues, our business and reputation may be harmed if users perceive our solutions to cause a slow or unreliable network connection or a high-profile network failure.
- Our ability to sell our products will be highly dependent on the quality of our support and service offerings, and our failure to offer high-quality support and services would adversely affect our sales and operating results.
- We are subject to increasing operating costs and inflation risks, which may adversely affect our performance.
- We may need to recruit and retain qualified personnel, which may affect our business, financial condition, results of operations, and prospects.
The other 43 risks
- We rely on key executive officers, and their knowledge of our business and technical expertise would be difficult to replace.
- We purchase some components, subassemblies, and products from a limited number of suppliers. The loss of these suppliers may substantially disrupt our ability to obtain orders and fulfill sales as we design and qualify new components.
- The imposition of tariffs could adversely affect our business and financial results.
- We do not have long-term contracts with our existing contract manufacturers. The loss of any of our current contract manufacturers could adversely affect our business, operating results, and financial condition.
- Our intellectual property protections may be insufficient to safeguard our technology adequately.
- We may be subject to claims of intellectual property infringement or invalidity. Expenses incurred for monitoring, protecting, and defending our intellectual property rights could adversely affect our business.
- Enforcement of our intellectual property rights abroad, particularly in China, is limited, and it is often difficult to protect and enforce such rights.
- The intellectual property rights of others may prevent us from developing new products or entering new markets.
- We may be subject to infringement claims in the future.
- We rely on the availability of third-party licenses. If these licenses are available only on less favorable terms or not in the future, our business and operating results will be harmed.
- We expect to base our inventory purchasing decisions on our forecasts of customers’ demand, and if our projections are inaccurate, our operating results could be materially harmed.
- If our technology did not work as planned or if we were unsuccessful in developing and selling new products or penetrating new markets, our business and operating results would suffer.
- We rely extensively on information technology systems and could face cybersecurity risks.
- Our industry is subject to rapid technological change, and to compete successfully, we must make substantial investments in new products, services, and technologies.
- At several of our annual stockholder meetings, including our 2019 Annual Meeting of Stockholders, we failed to obtain ratification by our stockholders of specific proposals submitted for approval of our stockholders at prior annual meetings, which could be deemed defective corporate acts.
- Demand for our defense-related products and products for emergency response services depends on government spending.
- Our potential customers for our communication and surveillance products and solutions include the U.S. Government or Government-related entities subject to congressional appropriations. Reduced funding for military and government procurement and research and development programs would likely adversely impact our ability to generate revenues.
- Contracting with government entities can be complex, expensive, and time-consuming.
- Unstable market and economic conditions may seriously affect our business, financial condition, and share price.
- Our failure to comply with complex U.S. and foreign laws and regulations could adversely affect our operations.
- Various cost-cutting measures we have implemented and may implement in the future could unintentionally impact our business, financial condition, and results of operations.
- Risks Related to Our Industry and its Regulatory Context
- Regulation of the telecommunications industry could harm our operating results and prospects.
- New regulations or standards or changes in existing laws or standards in the United States or internationally related to our products may result in unanticipated costs or liabilities, which could have a material adverse effect on our business, results of operations, and future sales, and could place additional burdens on our business operations.
- Compliance with environmental, health, and safety laws and regulations, including new rules requiring higher standards, may increase costs, limit our ability to utilize supply chains and force product design changes.
- Governmental regulations affecting the import or export of products or affecting products containing encryption capabilities could negatively impact our revenues.
- If wireless devices pose safety risks, we may be subject to new regulations, and demand for our products, licensees, and customers may decrease.
- The current U.S. presidential administration has undertaken significant efforts to cut federal government spending, which could negatively impact our business and results of operations.
- Risks Related to Our Common Stock
- We recently transferred the trading of our common stock from The Nasdaq Stock Market to the OTCQB. Because our common stock is quoted on the OTC, your ability to sell your shares in the secondary trading market may be limited.
- We are subject to penny stock rules which will make the shares of our common stock more difficult to sell.
- FINRA sales practice requirements may also limit a stockholder’s ability to buy and sell our stock.
- Our charter documents and Delaware law could prevent a takeover that stockholders consider favorable and reduce our common stock’s market price.
- Our stock price may be volatile, and you may not be able to resell shares of our common stock at or above the price you paid.
- We may face various risks associated with shareholder activism or demands for better performance.
- If securities analysts do not publish research or reports about our business or if they downgrade our common stock or our sector, our common stock price and its trading volume could decline.
- In the future, we could elect to deregister our securities under the Securities Exchange Act of 1934, as amended. Deregistration would result in less disclosure about us and may negatively affect our securities’ liquidity and trading prices.
- General Risk Factors
- We may fail to meet publicly announced financial guidance or other expectations about our business, which would cause our common stock to decline in value.
- The requirements of being a U.S. public company may strain our resources and divert management’s attention.
- If securities or industry analysts do not publish or cease publishing research or reports about us, our business, or our market, or if they adversely change their recommendations regarding our common stock, our share price and trading volume could decline.
- Any impairment of goodwill, other intangible assets, or long-lived assets could negatively impact our operations.
- If our estimates relating to our critical accounting policies are based on assumptions or judgments that change or prove incorrect, our operating results could fall below the expectations of securities analysts and investors, resulting in a decline in our stock price.
- Future sales and issuances of our common stock or rights to purchase our common stock, stock incentive plans, and upon the exercise of outstanding securities exercisable for shares of our common stock could result in substantial additional dilution of our stockholders, cause our stock price to fall and adversely affect our ability to raise capital.
- Risks Relating to Acquisitions
- Our business strategy may include acquisitions, which may entail numerous risks, including management diversion and increased costs and expenses, all of which could negatively affect the Company’s profitability.
- Our acquisition strategy involves several risks.
Legal proceedings
The nature of our business and activities are such that we may face frequent claims and litigation, including securities litigation, claims regarding patent and other intellectual property rights, and other liability claims. As a result, we may be involved in various legal proceedings from time to time. We are not currently a party to any material litigation, nor are we aware of any pending or threatened litigation against us that we believe, if adversely determined against us, would materially affect our business, operating results, financial condition, or cash flows.
The opening of Item 3, Legal Proceedings.18
Links
- Websitewww.xgtechnology.com1
- X (Twitter)x.com/vislink1
- WikipediaVislink Technologies
- WikidataQ8041964
- SEC EDGARCIK 1565228
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataXG Technology on Wikidata
- 2SEC EDGARXG Technology filings on SEC EDGAR
- 3WikipediaXG Technology on Wikipedia
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- 5Wikimedia CommonsXG Technology logo by xG Technology, Inc., Public domain
- 6SEC EDGARXG Technology filings on SEC EDGAR
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- 8SEC EDGARXG Technology 10-K for fiscal 2024
- 9SEC EDGARXG Technology 10-K for fiscal 2018
- 10SEC EDGARXG Technology 10-K for fiscal 2019
- 11SEC EDGARXG Technology 10-K for fiscal 2020
- 12SEC EDGARXG Technology 10-K for fiscal 2021
- 13SEC EDGARXG Technology 10-K for fiscal 2022
- 14SEC EDGARXG Technology 10-Q for fiscal 2024
- 15SEC EDGARXG Technology 10-Q for fiscal 2024
- 16SEC EDGARXG Technology 10-Q for fiscal 2024
- 17SEC EDGARXG Technology 10-K for fiscal 2018
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- 22SEC EDGARJames M. Walton, President
- 23SEC EDGARRoss James Woodyatt, President
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- 29SEC EDGARBelinda Allen Marino, Secretary
- 30SEC EDGARRalph E. Faison, Board member
- 31SEC EDGARBrian K. Krolicki, Board member
- 32SEC EDGARJude T. Panetta, Board member
- 33SEC EDGARSusan Swenson, Board member
- 34SEC EDGARJames T. Conway, Board member
- 35SEC EDGARKenneth A. Hoffman, Board member
- 36SEC EDGARRaymond M. Sidney, Board member
- 37SEC EDGARGary Cuccio, Board member
- 38SEC EDGARLarry C. Townes, Board member
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- 40SEC EDGARRichard L. Mooers, Board member
- 41SEC EDGARResults of operations
- 42SEC EDGARExecutive or director change
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- 44SEC EDGARResults of operations
- 45SEC EDGARResults of operations
- 46SEC EDGARShareholder vote
- 47SEC EDGARResults of operations
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- 49SEC EDGARExecutive or director change
- 50SEC EDGARExecutive or director change
- 51SEC EDGARResults of operations
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