LONDON (Alliance News) - Vislink PLC on Wednesday said Chairman John Hawkins bought shares on Tuesday as the video technology company swung to a marginal loss in 2015 due to lower revenue from a key contract.
Hawkins bought 360,086 shares at 27.75 pence, which takes his total holding to 669,365 shares, equating to a 0.55% stake.
Vislink, which makes technology for live video collection for broadcast, surveillance and public safety markets, said Tuesday it made a GBP994,000 pretax loss for the year to the end of December, compared to a GBP5.4 million profit the year before.
Revenue declined to GBP57.8 million from GBP61.9 million, with the fall in profit driven by lower surveillance order intake in the year due to a large contract with the UK Home Office finishing in the first half.
The stock was up 4.4% at 28.06p Wednesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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