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C-COM SATELLITE SYS INC - CYSNF STOCK NEWS

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C-COM Satellite Systems Inc. is a pioneering and prominent global designer, developer, and manufacturer of transportable and mobile satellite-based antenna systems. The company has developed advanced auto-acquisition controller technology for rapid satellite pointing, enabling Broadband Internet via Satellite across various market applications worldwide. With a strong emphasis on innovation, quality, and reliability, C-COM offers a wide range of auto-deploying satellite antennas for enterprise and government sectors across over 100 countries. Their newest product, the iNetVu® MP-130-MOT Manpack, is a compact, lightweight 3-axis motorized antenna system built for easy transport and quick assembly. C-COM continues to lead the mobile SATCOM industry by providing reliable solutions and exceptional customer support.

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C-COM Satellite Systems (TSXV: CMI, OTCQB: CYSNF) has announced the immediate suspension of its quarterly dividend of $0.0125 per common share. This strategic decision aims to preserve cash and redirect resources toward critical projects, primarily the commercialization of its Ka-band Electronically Steered Antenna (ESA).

The company's R&D team, collaborating with the University of Waterloo, has successfully developed a breakthrough multi-orbit ESA Ka-band antenna system capable of operating with GEO, MEO, and LEO constellations. The antenna features a compact, scalable design suitable for various mobile applications including airborne inflight services, military drones, maritime vessels, and land vehicles.

C-COM plans to launch a 1K element ESA system in late 2025, followed by a 4K ESA in early 2026. The dividend suspension, following 50 quarters of consistent payments, reflects the company's commitment to maintaining financial flexibility for these strategic investments.

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C-COM Satellite Systems has developed mobility mount accessories for Hughes manufactured ESA terminals compatible with Eutelsat OneWeb. The new hardware adapters provide universal mounting solutions for both HL1100 and HL1120 ESA OneWeb flat panel antennas, enabling industrial, transportable, or vehicle-mounted installations. The iNetVu® OneWeb mobility mount allows fixed ESA terminals to function as comms-on-the-pause mobile terminals or provide flexibility for various industrial installations. The company expects significant adoption of these mounts with the planned deployment of 10,000 Hughes manufactured fixed ESA terminals over the Eutelsat OneWeb constellation.

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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.

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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.

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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.

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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.

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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.

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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.
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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.
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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.
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FAQ

What is the current stock price of C-COM SATELLITE SYS (CYSNF)?

The current stock price of C-COM SATELLITE SYS (CYSNF) is $0.75 as of January 27, 2025.

What is the market cap of C-COM SATELLITE SYS (CYSNF)?

The market cap of C-COM SATELLITE SYS (CYSNF) is approximately 35.1M.

What does C-COM Satellite Systems Inc. specialize in?

C-COM designs, develops, and manufactures transportable and mobile satellite-based antenna systems for Broadband Internet via Satellite.

What is the iNetVu® MP-130-MOT Manpack?

It is C-COM's latest 3-axis motorized antenna system, designed for easy transport, quick assembly, and rapid satellite acquisition.

How many antenna systems has C-COM sold worldwide?

C-COM has sold over 10,000 antenna systems in more than 100 countries through a dedicated dealer network.

What are C-COM Satellite System's primary vertical markets?

Their products cater to industries such as Oil & Gas Exploration, Military Communications, Disaster Management, and more.

What innovative projects is C-COM currently working on?

C-COM is developing a potentially revolutionary Ka-band, electronically steerable antenna and an Analog Beamforming Integrated Circuit.

What sets C-COM apart in the mobile SATCOM industry?

The company's focus on innovation, quality, reliability, and exceptional customer support distinguishes them in the market.

Where can I find more information about C-COM Satellite Systems Inc.?

For additional details, visit the company's official website at www.c-comsat.com.
C-COM SATELLITE SYS INC

OTC:CYSNF

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35.07M
25.85M
38.83%
Communication Equipment
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