Vislink Technologies, Inc.
VISL Technology Communication Equipment
Vislink Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.5 million, down 33.3% from fiscal 2024. In the quarter to June 2026, revenue grew 22.6%, EPS grew 92.6% and free cash flow fell 257.2%, each against the same quarter a year earlier.
Follow VISL
Vislink Technologies, Inc. (VISL) Beneish M-score
Vislink Technologies, Inc.'s Beneish M-score for fiscal 2025 is −4.89; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −4.89 | 0.66 |
| FY2024 | −5.55 | (3.42) |
| FY2023 | −2.13 | 0.87 |
| FY2022 | −3.00 | (0.76) |
| FY2021 | −2.23 | 1.26 |
| FY2020 | −3.49 | 0.60 |
| FY2019 | −4.09 | 0.22 |
| FY2018 | −4.31 | (6.53) |
| FY2017 | 2.22 | 3.14 |
| FY2016 | −0.92 | 3.97 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.85 | — | 0.78 | |
| Gross margin index | 0.84 | — | 0.44 | |
| Asset quality index | 1.28 | — | 0.52 | |
| Sales growth index | 0.67 | — | 0.59 | |
| Depreciation index | 1.11 | — | 0.13 | |
| SG&A index | 0.99 | — | −0.17 | |
| Total accruals to total assets | (0.40) | — | −1.86 | |
| Leverage index | 1.47 | — | −0.48 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −4.89 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| VISL Vislink Technologies, Inc. | −4.9× |
| DZSIQ DZS Inc. compare | −4.4× |
| CMBMF Cambium Networks Corporation compare | −3.1× |
| ASNS Actelis Networks, Inc. compare | −2.8× |
| SYNX Silynxcom Ltd. compare | −2.6× |
| FKWL Franklin Wireless Corp. compare | −2.0× |
| UTSI UTStarcom Holdings Corp compare | −1.8× |
| MITQ Moving iMage Technologies, Inc. compare | −1.5× |
| CLRO ClearOne, Inc. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI