Vislink shares fall as first-quarter order intake unchanged

Technology business Vislink said its order intake for the first quarter was in line with the previous year, according to a trading update Tuesday.

The supplier of wireless communication products to broadcast and surveillance markets said orders amounted to £13.3m, compared to last year's £13.4m, and down 2.0% on a constant currency basis.

During the period, the group won a three-year contract to supply equipment to Dorna Sports S.L for the FIM Road Racing World Championship Grand Prix Moto GP. Dorna holds exclusive rights to the event.

Vislink also received orders for its LiveGear cellular transmitter following an exhibition of its range of products at the National Association of Broadcasters conference in Las Vegas in April.

The company said it aims to achieve profitable growth of £80m of annualised revenue by the end of 2014 with a 10% increase in operating profit.

Shares fell 2.05% to 29.88p at 09:51 Tuesday.

RD