C-Com Reports Third Quarter Results
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) ha riportato i risultati finanziari del terzo trimestre 2024, conclusosi il 31 agosto 2024. L'azienda ha registrato ricavi di 1,3 milioni di dollari, con un leggero incremento rispetto a 1,2 milioni di dollari nel terzo trimestre del 2023. I ricavi dall'inizio dell'anno hanno raggiunto 6,5 milioni di dollari, in crescita del 46% rispetto allo stesso periodo del 2023. Nonostante una perdita netta di 0,1 milioni di dollari nel terzo trimestre 2024, il reddito netto dall'inizio dell'anno è di 0,3 milioni di dollari.
C-COM ha generato 2,9 milioni di dollari in flusso di cassa dalle operazioni, aumentando il cash e gli investimenti di 1,5 milioni di dollari a 17 milioni di dollari. L'azienda ha mantenuto il suo dividendo trimestrale, distribuendo 528.206 dollari nel terzo trimestre. C-COM ha inoltre annunciato il prossimo dividendo trimestrale di 0,0125 dollari per azione, che sarà pagabile il 13 novembre 2024, corrispondente a un rendimento annualizzato del 4,0%.
Il CEO Dr. Leslie Klein ha evidenziato i progressi dell'azienda nello sviluppo di un sistema avanzato di antenne elettroniche a fascio steered (ESA) multi-orbita in banda Ka, in grado di operare su costellazioni satellitari GEO, MEO e LEO.
C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF) informó sobre sus resultados financieros del tercer trimestre de 2024, que terminó el 31 de agosto de 2024. La compañía reportó ingresos de 1,3 millones de dólares, un ligero aumento de 1,2 millones de dólares en el tercer trimestre de 2023. Los ingresos acumulados hasta la fecha alcanzaron 6,5 millones de dólares, un aumento del 46% en comparación con el mismo período de 2023. A pesar de una pérdida neta de 0,1 millones de dólares en el tercer trimestre de 2024, el ingreso neto acumulado hasta la fecha es de 0,3 millones de dólares.
C-COM generó 2,9 millones de dólares en flujo de caja de las operaciones, aumentando el efectivo y las inversiones en 1,5 millones de dólares hasta llegar a 17 millones de dólares. La compañía mantuvo su dividendo trimestral, pagando 528.206 dólares en el tercer trimestre. C-COM también anunció su próximo dividendo trimestral de 0,0125 dólares por acción, que se pagará el 13 de noviembre de 2024, representando un rendimiento anualizado del 4,0%.
El CEO Dr. Leslie Klein destacó el progreso de la compañía en el desarrollo de un avanzado sistema de antenas electrónicamente orientadas (ESA) en banda Ka, capaz de operar sobre constelaciones de satélites GEO, MEO y LEO.
C-COM 위성 시스템 Inc. (TSXV: CMI) (OTCQB: CYSNF)는 2024년 3분기 재무 결과를 보고했습니다. 2024년 8월 31일로 종료됩니다. 회사의 매출은 130만 달러로, 2023년 3분기 120만 달러에서 소폭 증가했습니다. 연간 누적 매출은 650만 달러로, 2023년 같은 기간보다 46% 증가했습니다. 2024년 3분기에 순손실 10만 달러에도 불구하고, 연간 순수익은 30만 달러입니다.
C-COM은 운영에서 290만 달러의 현금 흐름을 창출하여 현금과 투자가 150만 달러 증가하여 1,700만 달러에 도달했습니다. 회사는 분기 배당금을 유지하며, 3분기 동안 528,206달러를 지급했습니다. C-COM은 또한 2024년 11월 13일에 지급될 주당 0.0125달러의 다음 분기 배당금을 발표했으며, 이는 연간화 수익률 4.0%를 나타냅니다.
CEO인 Dr. Leslie Klein은 GEO, MEO 및 LEO 위성 집합체에서 작동할 수 있는 고급 다중 궤도 Ka-대역 전자 조향 안테나 시스템(ESA) 개발에서 회사의 진전을 강조했습니다.
C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF) a annoncé ses résultats financiers pour le troisième trimestre de 2024, se terminant le 31 août 2024. L'entreprise a enregistré des revenus de 1,3 million de dollars, ce qui représente une légère augmentation par rapport à 1,2 million de dollars au troisième trimestre de 2023. Les revenus depuis le début de l'année ont atteint 6,5 millions de dollars, en hausse de 46 % par rapport à la même période en 2023. Malgré une perte nette de 0,1 million de dollars au troisième trimestre de 2024, le revenu net depuis le début de l'année s'élève à 0,3 million de dollars.
C-COM a généré 2,9 millions de dollars de flux de trésorerie provenant des activités, augmentant ainsi la trésorerie et les investissements de 1,5 million de dollars pour atteindre 17 millions de dollars. L'entreprise a maintenu son dividende trimestriel, versant 528.206 dollars au troisième trimestre. C-COM a également annoncé son prochain dividende trimestriel de 0,0125 dollar par action, payable le 13 novembre 2024, représentant un rendement annualisé de 4,0 %.
Le PDG Dr. Leslie Klein a souligné les progrès réalisés par l'entreprise dans le développement d'un système d'antenne électroniques dirigées (ESA) avancé, multiorbite en bande Ka, capable de fonctionner sur des constellations de satellites GEO, MEO et LEO.
C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF) hat die Finanzzahlen für das dritte Quartal 2024 veröffentlicht, das am 31. August 2024 endete. Das Unternehmen verzeichnete Einnahmen von 1,3 Millionen US-Dollar, eine leichte Steigerung von 1,2 Millionen US-Dollar im dritten Quartal 2023. Die Einnahmen seit Jahresbeginn betrugen 6,5 Millionen US-Dollar, was einem Anstieg von 46% gegenüber dem gleichen Zeitraum 2023 entspricht. Trotz eines Nettogewinns von 0,1 Millionen US-Dollar im dritten Quartal 2024 beläuft sich der Nettogewinn seit Jahresbeginn auf 0,3 Millionen US-Dollar.
C-COM generierte 2,9 Millionen US-Dollar an Cashflow aus den Betrieben und steigerte Bargeld und Investitionen um 1,5 Millionen US-Dollar auf 17 Millionen US-Dollar. Das Unternehmen hielt die vierteljährliche Dividende aufrecht und zahlte im dritten Quartal 528.206 US-Dollar aus. C-COM gab ebenfalls die nächste vierteljährliche Dividende von 0,0125 US-Dollar pro Aktie bekannt, die am 13. November 2024 fällig ist und eine annualisierte Rendite von 4,0% darstellt.
CEO Dr. Leslie Klein hob den Fortschritt des Unternehmens bei der Entwicklung eines fortschrittlichen, multi-orbitalen Elektronisch gelenkten Antennensystems (ESA) im Ka-Band hervor, das auf GEO-, MEO- und LEO-Satellitenkonstellationen arbeiten kann.
- Revenue increased to $1.3 million in Q3 2024, up from $1.2 million in Q3 2023
- Year-to-date revenues reached $6.5 million, a 46% increase from the same period in 2023
- Generated $2.9 million in cash flow from operations
- Cash and investments grew by $1.5 million to $17 million
- Maintained quarterly dividend payout for 50 consecutive quarters
- Developing advanced multi-orbit Ka-band Electronically Steered Antenna System (ESA)
- Reported a net loss of $0.1 million in Q3 2024
Ottawa, Ontario--(Newsfile Corp. - October 16, 2024) - 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 the third quarter ended August 31, 2024.
The Company reports revenues of
Although the company is reporting a net loss of
To the end of Q3, 2024 the Company has generated
The Company paid out
The Company also announced the payment of its next quarterly dividend in the amount of
"Our Q3 revenues were up slightly from Q3 last year, while cash flow and cash reserves have increased significantly. I'm also encouraged by the year-to-date increase in revenues and profit", said Dr. Leslie Klein, President and CEO of C-COM Satellite Systems Inc.
Klein concluded, "I'm excited to announce that the company is now completing testing and finalizing the manufacturing of the first versions of our advanced, multi-orbit Ka-band Electronically Steered Antenna System (ESA). Employing a novel modular and scalable architecture, our new generation ESA is capable of operating over all satellite constellations-GEO, MEO and LEO- with the first versions being of 1K (1024) and 4K (4096) IC elements. This configuration versatility opens the way to expand addressable markets for high-speed mobility connectivity by satellite across a wide range of applications-from vehicles, to ships, to aircraft, including drones for military and security/surveillance needs."
About C-COM Satellite Systems Inc.
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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 10,000 antenna systems, in over 100 countries, through a dedicated dealer network that provides service to a wide range of vertical markets such as Oil & 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 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 end of this year. These BFICs will be used in the manufacturing of all of 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).
INVESTOR RELATIONS
C-COM Satellite Systems Inc.
Tel: (613) 745-4110 ext. 4950
Fax: (613) 745-7144
lklein@c-comsat.com
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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 2024 results and its intentions with respect to its Ka-band antenna version 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. Sales may not increase in 2024 for many reasons outside C-COM's control and anticipated benefits of the new technology may not be realized, and new products and services may not be released or, if released may not gain market acceptance. 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.
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