Welcome to our dedicated page for C-Com Satellite news (Ticker: CYSNF), a resource for investors and traders seeking the latest updates and insights on C-Com Satellite stock.
About C-COM Satellite Systems Inc.
C-COM Satellite Systems Inc. (TSXV: CMI, OTCQB: CYSNF) is a globally recognized designer, developer, and manufacturer of transportable and mobile satellite-based antenna systems. The company specializes in providing innovative solutions for broadband internet connectivity via satellite, addressing the needs of industries and regions where terrestrial communication infrastructure is either unavailable or unreliable. With its proprietary auto-acquisition controller technology, C-COM enables rapid and efficient satellite connectivity, making it a vital player in the satellite communications industry.
Core Business and Product Offerings
C-COM's flagship product line, marketed under the iNetVu® brand, includes a wide range of auto-deploying satellite antenna systems. These systems are designed for diverse applications across enterprise and government verticals, such as:
- Oil and gas exploration
- Military communications
- Disaster management and emergency response
- Cellular backhaul
- Telemedicine
- Mobile education
- Government services
- Mobile banking
These antennas are known for their reliability, ease of use, and cost-effectiveness, enabling users to establish satellite connectivity with the press of a button. The company's products are integrated with major modem manufacturers and are approved by leading satellite operators worldwide, ensuring compatibility and performance across a broad range of use cases.
Market Reach and Distribution
C-COM operates through an extensive global network of over 500 resellers and integrators, spanning more than 100 countries. This network allows the company to deliver tailored satellite-based solutions to a diverse customer base. With over 10,000 antenna systems sold, C-COM has established itself as a trusted provider in the satellite communications market.
Innovation and Research
Innovation is at the core of C-COM's strategy. The company is in the late stages of developing a revolutionary Ka-band Electronically Steered Antenna (ESA), which features a modular, conformal, flat-panel design. This advanced antenna is designed to provide high-throughput mobility applications across land, airborne, and maritime platforms. It is compatible with Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geostationary Earth Orbit (GEO) satellite constellations, making it a versatile solution for next-generation connectivity needs.
Additionally, C-COM is advancing its Analog Beamforming Integrated Circuit (BFIC) technology, which aims to enhance the performance and reduce the cost of its ESA systems. These R&D initiatives underline the company's commitment to staying at the forefront of satellite communication technology.
Competitive Positioning
C-COM differentiates itself through its proprietary technologies, global distribution network, and focus on customer-specific performance requirements. Its ability to innovate rapidly and deliver high-quality, reliable solutions has made it a preferred choice for industries requiring dependable satellite connectivity. The company's strong partnerships with modem manufacturers and satellite operators further enhance its competitive edge.
Significance in the Industry
As a pioneer in mobile satellite antenna systems, C-COM plays a critical role in enabling connectivity in remote and challenging environments. Its solutions are vital for disaster recovery, military operations, and other applications where reliable communication is essential. By continually innovating and expanding its product offerings, C-COM is poised to address the evolving needs of the satellite communications market.
Conclusion
C-COM Satellite Systems Inc. exemplifies expertise, experience, and trustworthiness in the satellite communications industry. With its robust product portfolio, global reach, and commitment to innovation, the company remains a key enabler of reliable and efficient satellite connectivity for a wide range of applications.
C-COM Satellite Systems (TSXV: CMI, OTCQB: CYSNF) has received its second approval from Eutelsat S.A. for its iNetVu® Ka-74G antenna system with a new Ka Transceiver. The vehicle-mounted mobile antenna system, equipped with the new electronically polarized 3W XRE Transceiver, is now certified to operate on Eutelsat's KONNECT Very High Throughput Satellite (VHTS) service.
The system provides coverage across Europe, the Middle East, and Sub-Saharan Africa, capable of delivering speeds up to 100Mbps download and 10Mbps upload. The Ka-74G antenna system is available for immediate delivery and has passed Eutelsat Group approval testing per ESOG 120 standards.
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.
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.
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.
FAQ
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