C-COM Reports First Quarter 2025 Results
C-COM Satellite Systems (TSXV: CMI, OTCQB: CYSNF) has released its Q1 2025 financial results. The company reported revenues of $0.7 million, matching Q1 2023 but significantly lower than Q1 2024's $2.6 million. Gross margins dropped to 44% due to a $0.1 million obsolete inventory write-off, though adjusted margins would have been 62%.
The company recorded a net loss of $0.5 million despite well-controlled expenses, with negative operating cash flow of $0.4 million. Management maintains confidence in their strong balance sheet to navigate through current global trade challenges while continuing development of their ESA antennas and Beamformer integrated circuit chips.
C-COM Satellite Systems (TSXV: CMI, OTCQB: CYSNF) ha pubblicato i risultati finanziari del primo trimestre 2025. L’azienda ha riportato ricavi per 0,7 milioni di dollari, in linea con il primo trimestre 2023 ma significativamente inferiori ai 2,6 milioni di dollari del primo trimestre 2024. I margini lordi sono scesi al 44% a causa di una svalutazione di inventario obsoleto di 0,1 milioni di dollari, anche se i margini rettificati sarebbero stati del 62%.
La società ha registrato una perdita netta di 0,5 milioni di dollari nonostante una gestione attenta delle spese, con un flusso di cassa operativo negativo di 0,4 milioni di dollari. La direzione resta fiduciosa nella solidità del bilancio per affrontare le attuali sfide del commercio globale, continuando lo sviluppo delle antenne ESA e dei chip integrati Beamformer.
C-COM Satellite Systems (TSXV: CMI, OTCQB: CYSNF) ha publicado sus resultados financieros del primer trimestre de 2025. La compañía reportó ingresos de 0,7 millones de dólares, igualando el primer trimestre de 2023 pero significativamente inferiores a los 2,6 millones de dólares del primer trimestre de 2024. Los márgenes brutos cayeron al 44% debido a una provisión por inventario obsoleto de 0,1 millones de dólares, aunque los márgenes ajustados habrían sido del 62%.
La empresa registró una pérdida neta de 0,5 millones de dólares a pesar de un control riguroso de gastos, con un flujo de caja operativo negativo de 0,4 millones de dólares. La dirección mantiene la confianza en su sólida posición financiera para superar los retos actuales del comercio global, mientras continúa el desarrollo de sus antenas ESA y los chips integrados Beamformer.
C-COM Satellite Systems (TSXV: CMI, OTCQB: CYSNF)는 2025년 1분기 재무 결과를 발표했습니다. 회사는 70만 달러의 매출을 기록했으며, 이는 2023년 1분기와 동일하지만 2024년 1분기의 260만 달러에 비해 크게 감소한 수치입니다. 재고 평가손실 10만 달러로 인해 총 이익률은 44%로 하락했으나, 조정된 이익률은 62%에 달했을 것입니다.
회사는 비용을 잘 관리했음에도 불구하고 50만 달러의 순손실을 기록했으며, 영업 현금 흐름은 40만 달러의 마이너스를 보였습니다. 경영진은 현재 글로벌 무역 환경의 어려움 속에서도 강력한 재무 상태를 바탕으로 ESA 안테나와 빔포머 집적 회로 칩 개발을 계속해 나갈 것이라는 자신감을 유지하고 있습니다.
C-COM Satellite Systems (TSXV : CMI, OTCQB : CYSNF) a publié ses résultats financiers du premier trimestre 2025. La société a enregistré un chiffre d’affaires de 0,7 million de dollars, stable par rapport au premier trimestre 2023 mais nettement inférieur aux 2,6 millions de dollars du premier trimestre 2024. La marge brute est tombée à 44% en raison d’une dépréciation d’inventaire obsolète de 0,1 million de dollars, bien que la marge ajustée aurait été de 62%.
Malgré une gestion rigoureuse des dépenses, la société a enregistré une perte nette de 0,5 million de dollars et un flux de trésorerie opérationnel négatif de 0,4 million de dollars. La direction reste confiante dans la solidité de son bilan pour surmonter les défis actuels du commerce mondial tout en poursuivant le développement de ses antennes ESA et des puces intégrées Beamformer.
C-COM Satellite Systems (TSXV: CMI, OTCQB: CYSNF) hat seine Finanzergebnisse für das erste Quartal 2025 veröffentlicht. Das Unternehmen meldete Umsätze von 0,7 Millionen US-Dollar, was dem ersten Quartal 2023 entspricht, jedoch deutlich unter den 2,6 Millionen US-Dollar des ersten Quartals 2024 liegt. Die Bruttomargen sanken auf 44% aufgrund einer Abschreibung von 0,1 Millionen US-Dollar für veraltete Lagerbestände, wobei die bereinigten Margen bei 62% gelegen hätten.
Das Unternehmen verzeichnete trotz gut kontrollierter Ausgaben einen Nettoverlust von 0,5 Millionen US-Dollar und einen negativen operativen Cashflow von 0,4 Millionen US-Dollar. Das Management ist zuversichtlich, dass die starke Bilanz es ermöglicht, die aktuellen globalen Handelsherausforderungen zu meistern und gleichzeitig die Entwicklung der ESA-Antennen und der Beamformer-IC-Chips fortzusetzen.
- Strong balance sheet position maintained
- Adjusted gross margins of 62% (excluding inventory write-off)
- Well-controlled operating expenses
- Revenue declined 73% YoY from $2.6M to $0.7M in Q1 2025
- Net loss of $0.5M in Q1 2025
- Negative operating cash flow of $0.4M
- Gross margins dropped to 44% due to $0.1M inventory write-off
Ottawa, Ontario--(Newsfile Corp. - April 15, 2025) - C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF) a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, announced today its financial results for its first quarter of its 2025 fiscal year.
The Company's Q1 2025 revenues were consistent with the Company's seasonal history of typically low sales during the first quarter as compared to latter quarters during the year. This year's revenues of
C-COM experienced unusually low gross margins of
Though expenses were well controlled during Q1, a net loss of
"C-COM's healthy balance sheet will permit us to weather the turmoil caused by the recent outbreak of a global trade "war". said Dr. Leslie Klein, President and CEO of C-COM Satellite Systems Inc.
Klein added, "These headwinds will not deter us from continuing to focus on the completion of the development of our revolutionary ESA antennas and Beamformer integrated circuit chips."
"We remain on track to achieve several key milestones over the course of this year to move these new products to commercialization", concluded Dr. Klein.
About C-COM Satellite Systems Inc.
C-COM Satellite Systems Inc. is a pioneer and a leading global designer, developer, and manufacturer of transportable and mobile satellite-based antenna systems. The Company has developed proprietary, auto-acquisition controller technology for rapid antenna pointing to a satellite with just the press of a button, enabling Broadband Internet via Satellite across a wide range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies.
C-COM has sold more than 11,000 antenna systems, in over 100 countries, through a dedicated dealer network that provides service to a wide range of vertical markets such as Oil and Gas Exploration, Military Communications, Disaster Management, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Mobile Education, Government Services, Mobile Banking, and others. The Company's iNetVu® brand is synonymous with high quality, reliability, and cost-effectiveness.
C-COM is in final stages of satellite testing and manufacturing of a potentially revolutionary Ka-band, electronically steerable, modular, conformal, flat panel phased array antenna. C-COM has developed this unique multi-orbit antenna with the intent of providing low-cost, high-throughput mobility applications over satellite for land, airborne and maritime verticals over LEO, MEO and GEO satellite constellations. Another significant project underway at C-COM is the development of an Analog Beamforming Integrated Circuit, which is progressing well and is expected to enter testing phase by the middle of this year. These BFICs will be used in the manufacturing of all our ESA antennas with the intent to significantly reduce their cost and improve their performance.
For additional information please visit www.c-comsat.com
iNetVu® is a registered trademark of C-COM Satellite Systems Inc.
The Company is publicly traded on the Canadian Venture Exchange (TSXV: CMI) and on the US OTC Exchange (OTCQB: CYSNF).
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INVESTOR RELATIONS
C-COM Satellite Systems Inc.
Tel: (613) 745-4110 ext. 4950
Fax: (613) 745-7144
lklein@c-comsat.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions. Statements about C-COM's expectations for future results, its intention to continue testing and launch a compact 1K element ESA system followed by the launch of a more robust 4K ESA, its primary focus over the next couple years and the expectation that investment in R&D will generate returns to the company all contain forward-looking information. Several factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Product testing may be delayed, may not have positive results or may result in necessary changes to the product design. Product development and launch may be postponed, delayed or, in the worst case, cancelled for many reasons outside C-COM's control, anticipated benefits of the new technology may not be realized, new products and services may not be released or, if released may not gain market acceptance and factors outside of C-COM's control may cause it to focus of its efforts and investments differently than described above. Any of those events and others could influence future performance and C-COM Satellite Systems Inc.'s ability to achieve the results mentioned above. These forward-looking statements are made as of the date hereof and C-COM Satellite Systems Inc. does not assume any obligation to update or revise them to reflect new events or circumstances. Readers are directed to the risk factors associated with the business of C-COM Satellite Systems in the company's most recent MD&A available at www.sedarplus.ca
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248476
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