C-COM SATELLITE SYS INC - CYSNF STOCK NEWS

C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF) reported its Q3 2024 financial results, ending August 31, 2024. The company saw revenues of $1.3 million, a slight increase from $1.2 million in Q3 2023. Year-to-date revenues reached $6.5 million, up 46% from the same period in 2023. Despite a net loss of $0.1 million in Q3 2024, the year-to-date net income stands at $0.3 million.

C-COM generated $2.9 million in cash flow from operations, increasing cash and investments by $1.5 million to $17 million. The company maintained its quarterly dividend, paying out $528,206 in Q3. C-COM also announced its next quarterly dividend of $0.0125 per share, payable on November 13th, 2024, representing a 4.0% annualized yield.

CEO Dr. Leslie Klein highlighted the company's progress in developing an advanced, multi-orbit Ka-band Electronically Steered Antenna System (ESA), capable of operating over GEO, MEO, and LEO satellite constellations.

C-COM Satellite Systems Inc. (TSXV:CMI)(OTCQB:CYSNF), a leading provider of commercial grade mobile auto-deploying satellite antenna systems, has announced its participation in the Planet MicroCap Showcase: VANCOUVER 2024. The event, in association with Small Cap Discoveries, is scheduled for Wednesday, September 25, 2024.

Dr. Leslie Klein, President and CEO, will present at 11:30 AM PT (2:30 PM ET) and participate in 1x1 meetings. Investors can access the live presentation via webcast and book 1x1 meetings through the event's registration page. The showcase will be held at the Fairmont Waterfront Vancouver, offering in-person networking opportunities.

This event provides C-COM an important platform to engage with investors and showcase its innovative satellite technology solutions to a targeted audience of microcap investors.

C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF) reported strong Q2 2024 results, with revenues of $2,580,514 and net income after taxes of $61,072. The company maintained a healthy gross profit margin of 57.5% and improved its year-to-date cash flow from operations by $3.3 million compared to the previous year. C-COM's working capital increased to $25.2 million, up $0.8 million from Q2 2023. The company continued its quarterly dividend payout, announcing a dividend of $0.0125 per common share, representing a 4.2% yield on an annualized basis. C-COM also reported progress on its next-generation Ka-band Electronically Steered Antenna System (ESA) and Analog Beamforming Integrated Circuit project.

On May 24, 2024, C-COM Satellite Systems, trading on TSXV as CMI and on OTCQB as CYSNF, announced the issuance of stock options. The company, a leading provider of mobile auto-deploying satellite antenna systems, has granted an officer the option to purchase 160,000 common shares at $1.17 per share. This move is aligned with C-COM's stock option plan and is part of the annual remuneration package. The grants are pending regulatory approvals as per TSX Venture Exchange requirements.

C-COM Satellite Systems Inc., announced the issuance of stock options to purchase 40,000 common shares at $1.21 per share to an officer of C-COM, as part of the annual remuneration package and subject to regulatory approvals.

C-COM Satellite Systems Inc. reports strong Q1 financial results with revenues of $2,628,037 and net income of $391,227, a significant improvement over the previous year. The company maintains its quarterly dividend payout for the 48th consecutive quarter, with a dividend of $0.0125 per share. C-COM remains focused on innovation and investment in advanced antenna products, aiming for improved performance in 2024.

C-COM Satellite Systems Inc. announced its financial results for the fiscal year ended November 30, 2023, revealing a 29% decrease in revenues compared to 2022 but a significant increase in net income driven by improved gross margins and reduced expenses. The Company's profitability surged by 47% in 2023, with net income reaching $1,672,907. C-COM's focus on launching upgraded systems and maintaining healthy margins positions it well for future growth, with plans to commercialize a revolutionary Electronically Steered Phased Array antenna in 2024.

C-COM Satellite Systems Inc. completes design, development, and testing of new 1.3M Manpack antenna system, set for shipments in Q2 2024. The advanced antenna is compact, lightweight, and fully automatic, catering to various applications worldwide.

C-COM Satellite Systems Inc. (CYSNF) announced the payment of a $0.0125 per share dividend, representing a 4.13% yield on an annualized basis. The company's President and CEO, Leslie Klein, expressed satisfaction in rewarding loyal shareholders with this quarterly dividend. C-COM's iNetVu® mobile proprietary antennas and associated services cater to various sectors requiring affordable mobile 2-way high-speed Internet over Satellite connectivity.