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    Samuel McColgan

    Research Analyst at Maxim Group

    Samuel McColgan is an Equity Research Analyst at Maxim Group, specializing in micro-cap equities with a focus on companies in the technology and communications sectors. He has covered firms such as Vislink Technologies, Crexendo, Creative Realities, and NexGel, applying a disciplined investment approach based on momentum, monopoly, margin of safety, and management. McColgan began his finance career before joining Maxim Group and has established a reputation for identifying undervalued 'hidden gem' stocks, with public performance including direct earnings call engagement and high-conviction calls on specific micro-caps. He holds FINRA securities licenses and is recognized for his analytical rigor and consistent application of fundamental-focused research strategies.

    Samuel McColgan's questions to Vislink Technologies (VISL) leadership

    Samuel McColgan's questions to Vislink Technologies (VISL) leadership • Q2 2024

    Question

    Samuel McColgan asked about Vislink's strategy for achieving cash flow neutrality, the specific drivers behind increased R&D spending on its Drone C2 platform, and the strategic implications of securing NATO Stock Numbers for its AVDS products.

    Answer

    Executive Carleton Miller stated that the path to cash flow neutrality involves operating leverage from covering fixed costs, revenue growth, and significant operational efficiencies expected from a new ERP system. He clarified that the increased R&D spending is to build a broader Drone C2 platform to manage multiple unmanned systems, opening a larger market. Regarding the NATO Stock Numbers (NSNs), Miller explained they streamline and accelerate the procurement process with all 63 NATO partner nations. CFO Michael Bond added that Q2 saw one-time costs for talent acquisition and ERP implementation that are not expected to recur, and that the new ERP system will drive future cost benefits and operational efficiencies.

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