Issue 006 | U.S. Pilot | US

VISL

Vislink Technologies, Inc.

Screen state: Needs Review Source state: Stale Filing 10-K | 2025-05-09 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 39.9%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 21,319,000USD
Total Liabilities: 8,971,000USD
NCAV: 12,348,000USD
Cash: 5,501,000USD
NCAV per share: 5.00USD/share
Evidence: 10 annual | 20 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated: 12
Triggered: 3
Unavailable: 3

Requires inspection High NCAV Burn since the previous filing 12,348,000

Latest: 12,348,0002024-12-31
Comparison: 26,279,0002024-09-30
Change: -53.0%

Basis: NCAV burn since previous filing >= 10%; previous NCAV must be positive

Source periods: SEC 10-K 2024-12-31 · 0001641172-25-009436; REPORTED_FILING 10-Q 2024-09-30

Requires inspection Negative OCF -6,842,000

Latest: -6,842,0002024-12-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-K 2024-12-31 · 0001641172-25-009436

Supporting observation Current Ratio > 1.5 2.58

Latest: 2.582024-12-31
Comparison: 1.5
Change: n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-K 2024-12-31 · 0001641172-25-009436

3 unavailable checks — inspect missing inputs

High Debt (short-term debt + long-term debt) / ordinary equity >= 50%

Low Debt (short-term debt + long-term debt) / ordinary equity < 20%

Non-Positive Equity ordinary shareholders equity <= 0

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-K Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing	2020-12-31 10-K Open filing	2019-12-31 10-K Open filing	2018-12-31 10-K Open filing	2017-12-31 10-K Open filing	2016-12-31 10-K Open filing	2015-12-31 10-K Open filing
Period-end Shares Outstanding	2,467,4852,467,485	2,464,2652,464,265	2,452,3492,452,349	2,452,3492,452,349	2,439,7902,439,790	2,387,4632,387,463	2,377,2292,377,229	2,380,8332,380,833	2,370,83347,416,658	23,70847,416,658	23,68947,377,955	n/an/a	22,91145,822,430	3,81945,822,430	3,80445,649,590	1,78221,379,631	1,79621,551,333	15618,776,978	12414,897,390	637,606,516	120,227,472
Weighted-average Basic Shares	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	2,3772,377	2,375,0002,375,000	2,334,60046,692,000	2447,409	23,04846,097,000	22,91145,822,000	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	2,456,0002,456,000	2,4642,464	2,4522,452	2,444,0002,444,000	2,381,0002,381,000	2,382,0002,382,000	2,3772,377	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic EPS	-8-8	-3-3	-1-1	-0-0	-4-4	-3-3	-2-2	-1-1	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Diluted EPS	-8-8	-3-3	-1-1	-0-0	-4-4	-3-3	-2-2	-1-1	-6-6	-3-3	-2-2	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	0.1%	0.5%	0.0%	0.5%	2.2%	0.4%	-0.2%	0.4%	9900.0%	0.1%	Insufficient evidence	Insufficient evidence	500.0%	0.4%	113.5%	-0.8%	1047.8%	26.0%	95.9%	4412.6%	Insufficient evidence
Ownership Claim Change	-0.1%	-0.5%	0.0%	-0.5%	-2.1%	-0.4%	0.2%	-0.4%	-99.0%	-0.1%	Insufficient evidence	Insufficient evidence	-83.3%	-0.4%	-53.2%	0.8%	-91.3%	-20.7%	-48.9%	-97.8%	Insufficient evidence

Verified split events: reverse 12.0 on 2016-06-20; reverse 10.0 on 2016-12-15; reverse 10.0 on 2019-12-31; reverse 6.0 on 2021-12-31; reverse 2.0 on 2023-01-11; reverse 50.0 on 2023-01-11; reverse 20.0 on 2023-05-01

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Medium | Filing

Some rows are based on older filing data and require manual freshness review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD	2020-12-31 10-K USD	2019-12-31 10-K USD	2018-12-31 10-K USD	2017-12-31 10-K USD	2016-12-31 10-K USD	2015-12-31 10-K USD
Revenue	27,729,000	27,482,000	28,402,000	33,882,000	22,882,000	28,942,000	38,294,000	47,824,000	6,574,000	932,000
Operating Income	-21,508,000	-10,598,000	-13,795,000	-17,747,000	-17,888,000	-17,200,000	-14,427,000	-23,389,000	-22,860,000	-19,861,000
Net Income	-20,501,000	-9,127,000	-13,540,000	-16,392,000	-17,575,000	-18,047,000	-14,873,000	-10,546,000	-20,902,000	-17,857,000
Cash From Operations	-6,842,000	-9,748,000	-9,226,000	-9,601,000	-14,354,000	-8,355,000	-6,379,000	-4,485,000	-8,076,000	-7,693,000
Capex	-519,000	-698,000	-466,000	-201,000	-258,000	-401,000	-69,000	-374,000	-12,000	-34,000
Free Cash Flow	-7,361,000	-10,446,000	-9,692,000	-9,802,000	-14,612,000	-8,756,000	-6,448,000	-4,859,000	-8,088,000	-7,727,000
Cash And Equivalents	5,501,000	8,482,000	25,627,000	36,231,000	5,190,000	1,737,000	2,005,000	2,799,000	9,054,000	368,000
Accounts Receivable	5,958,000	8,680,000	6,007,000	9,069,000	4,525,000	6,714,000	6,191,000	8,337,000	1,369,000	641,000
Inventory	7,563,000	14,029,000	12,021,000	11,894,000	5,986,000	7,674,000	13,050,000	14,753,000	2,722,000	777,000
Total Current Assets	21,319,000	38,482,000	44,887,000	59,664,000	16,515,000	16,785,000	22,026,000	26,515,000	13,256,000	1,801,000
Total Assets	26,178,000	44,992,000	51,796,000	68,120,000	20,651,000	23,604,000	28,813,000	36,646,000	19,899,000	16,574,000
Total Current Liabilities	8,279,000	6,714,000	6,273,000	9,002,000	8,846,000	13,212,000	12,637,000	18,989,000	5,211,000	4,177,000
Total Liabilities	8,971,000	8,015,000	8,144,000	11,487,000	10,654,000	14,375,000	18,523,000	19,019,000	7,260,000	6,283,000
Shareholders Equity	17,207,000	36,977,000	43,652,000	56,633,000	9,997,000	9,229,000	10,290,000	17,627,000	12,639,000	10,291,000
Shares Outstanding	2,467,618	2,448,482	2,380,966	22,913	3,804	6,542	159	125	93	3
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	2,456,000	2,381,000	2,335,000	21,742	1,234	1	137	101	5	1
Weighted Avg Shares Basic	2,456,000	2,381,000	2,335,000	21,742	1,234	1	137	101	5	1
Net Share Count Change (Normalized)	0.1%	2.2%	9900.0%	500.0%	-0.8%	1047.8%	26.0%	95.9%	4412.6%	Insufficient evidence
Ownership Claim Change (Normalized)	-0.1%	-2.1%	-99.0%	-83.3%	0.8%	-91.3%	-20.7%	-48.9%	-97.8%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2021-12-31 10-K USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD	2021-03-31 10-Q USD	2020-12-31 10-K USD	2020-09-30 10-Q USD	2020-06-30 10-Q USD	2020-03-31 10-Q USD
Revenue	3,363,000	7,066,000	8,702,000	8,598,000	8,072,000	7,179,000	5,043,000	7,188,000	7,378,000	7,114,000	6,756,000	7,154,000	11,042,000	11,200,000	7,550,000	4,090,000	6,744,000	4,778,000	6,008,000	5,352,000
Operating Income	-14,086,000	-3,260,000	-2,564,000	-1,598,000	-2,575,000	-2,291,000	-3,384,000	-2,348,000	-5,551,000	-2,808,000	-2,586,000	-2,850,000	-13,578,000	-493,000	-897,000	-2,779,000	-9,652,000	-2,827,000	-657,000	-4,752,000
Net Income	-14,273,000	-3,010,000	-2,270,000	-948,000	-2,373,000	-1,970,000	-3,028,000	-1,756,000	-5,507,000	-2,740,000	-2,526,000	-2,767,000	-13,567,000	676,000	-834,000	-2,667,000	-9,574,000	-2,793,000	-778,000	-4,430,000
Cash From Operations	-2,843,000	-2,305,000	-1,605,000	-89,000	-3,756,000	-2,798,000	-2,592,000	-602,000	2,541,000	-3,529,000	-3,359,000	-4,879,000	-1,372,000	5,000	-3,890,000	-4,344,000	-3,656,000	-2,975,000	-3,288,000	-4,435,000
Capex	0	-177,000	-199,000	-143,000	-196,000	-81,000	-244,000	-177,000	-114,000	-54,000	-89,000	-209,000	-43,000	-36,000	-76,000	-46,000	-31,000	-69,000	-61,000	-97,000
Free Cash Flow	-2,843,000	-2,482,000	-1,804,000	-232,000	-3,952,000	-2,879,000	-2,836,000	-779,000	2,427,000	-3,583,000	-3,448,000	-5,088,000	-1,415,000	-31,000	-3,966,000	-4,390,000	-3,687,000	-3,044,000	-3,349,000	-4,532,000
Cash And Equivalents	5,501,000	3,213,000	5,649,000	7,959,000	8,482,000	7,240,000	10,973,000	14,044,000	25,627,000	24,476,000	26,879,000	31,023,000	36,231,000	38,057,000	55,501,000	59,877,000	5,190,000	3,123,000	5,065,000	2,459,000
Total Current Assets	21,319,000	34,697,000	38,230,000	39,365,000	38,482,000	41,137,000	43,110,000	44,234,000	44,887,000	50,508,000	52,482,000	56,283,000	59,664,000	58,513,000	76,546,000	72,785,000	16,515,000	17,682,000	18,598,000	15,483,000
Total Liabilities	8,971,000	8,418,000	10,335,000	9,547,000	8,015,000	9,137,000	9,079,000	7,787,000	8,144,000	9,602,000	9,021,000	10,100,000	11,487,000	9,921,000	14,458,000	10,159,000	10,654,000	9,701,000	9,363,000	10,997,000
Shares Outstanding	2,467,618	2,464,419	2,463,458	2,448,482	2,448,482	2,387,596	2,377,362	2,380,833	2,380,966	23,710	23,710	22,913	22,911	3,819	3,811	3,804	1,782	1,740	1,342	7,356
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	7,348,285	2,464,000	2,452,000	2,444,000	4,738,638	2,382,000	2,377,000	2,375,000	4,738,811	2,370,000	23,048	22,911	43,484,000	3,812	3,888	3,049	14,811	1,358	1,234	4,058
Weighted Avg Shares Basic	7,348,285	2,464,000	2,452,000	2,444,000	4,738,638	2,382,000	2,377,000	2,375,000	4,738,811	2,370,000	23,048	22,911	43,484,000	3,812	3,888	3,049	14,811	1,358	1,234	4,058
Net Share Count Change (Normalized)	0.1%	0.5%	0.0%	0.5%	2.2%	0.4%	-0.2%	0.4%	9900.0%	0.1%	Insufficient evidence	Insufficient evidence	500.0%	0.4%	113.5%	Insufficient evidence	-0.8%	Insufficient evidence	Insufficient evidence	Insufficient evidence
Ownership Claim Change (Normalized)	-0.1%	-0.5%	0.0%	-0.5%	-2.1%	-0.4%	0.2%	-0.4%	-99.0%	-0.1%	Insufficient evidence	Insufficient evidence	-83.3%	-0.4%	-53.2%	Insufficient evidence	0.8%	Insufficient evidence	Insufficient evidence	Insufficient evidence

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	21,319,000USD	derived	2024-12-31	1.00	n/a
Total Liabilities	8,971,000USD	derived	2024-12-31	1.00	n/a
Cash	5,501,000USD	derived	2024-12-31	1.00	n/a
Shares Outstanding	2,467,618	dei:EntityCommonStockSharesOutstanding	2024-12-31	1.00	n/a
NCAV	12,348,000USD	derived	2024-12-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	5.00USD	derived	2024-12-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	39.9%	derived	2024-12-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001565228
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001565228/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001565228/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 26
Imported At: 2026-08-15T12:53:00+00:00
Rendered At: 2026-08-16T03:30:06+00:00

Run Audit

Mary Run: 63eb9cbe01c34796bb5a9e8d156e6111
Mary As Of: 2026-08-15
Accession: 0001641172-25-009436
CIK: 0001565228
Mary Filing Date: 2025-05-09
Filing Currency: USD
Internal Discount: 39.9%
Source State: Stale Filing
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=63eb9cbe01c34796bb5a9e8d156e6111; mary_as_of=2026-08-15; mary_filing_date=2025-05-09; mary_accession=0001641172-25-009436; mary_cik=0001565228; gnni_supporting_filing_date=2025-05-02; internal_discount=0.398516; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.; source requires review

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