Vislink plc (AIM:VLK) - numbers ahead but shares pause, visibility is hard to judge
Revenue rose 3.4% to £61.9m and adjusted operating profit was up 66% to £7.2m. Gross margins rose to 45.9% from 40.7% reflecting the increased impact of higher margin software sales.
Revenues were up 3.4% year on year with newly acquired Pebble Beach contributing £8.3m in the nine months under Vislink ownership. Organically, revenues therefore declined 10% due to a number of factors, notably a tough broadcast market.
Order intake for the year was £61.4m (2013:…
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