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.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
NatWest shares surge after profits beat expectations
NatWest, which has been one of the FTSE 100’s best-performing stocks this year, notched up profits of £1.7bn during the quarter
By Chris Newlands Published
-
Should you invest in Germany?
What state is the German economy in, and should you invest in Germany?
By Alex Rankine Published