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SATIXFY Communications Ltd. (SATX) drives innovation in satellite communications through advanced SDR technology and proprietary chipsets. This news hub provides investors and industry professionals with essential updates on the company’s product developments, strategic partnerships, and operational milestones.
Access real-time announcements covering satellite payload innovations, ground communication systems, and collaborations with global network operators. Our curated feed includes earnings reports, technology launches, and market expansion updates critical for understanding SATIXFY’s role in next-gen connectivity solutions.
Key focus areas include advancements in DVB-S2X-compliant modems, progress on LEO/GEO satellite interoperability, and partnerships enhancing global communications infrastructure. All content is vetted for accuracy and relevance to maintain a trustworthy resource for decision-makers.
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SatixFy Communications (NYSE: SATX) reported strong financial results for full year 2024, achieving 92% revenue growth to $20.6 million, exceeding guidance of $17-19 million. The company saw significant improvements across key metrics, with development services revenue up 59% to $13.1 million and product sales surging 204% to $7.5 million.
Gross profit increased 157% to $12.3 million, with margins expanding to 60% from 45% in 2023. Operating loss decreased 45% to $22.8 million, reflecting increased revenue and lower expenses. The company secured a notable $39 million contract with Telesat and additional $20 million in agreements with MDA Space.
MDA Space has announced its intention to acquire SatixFy, with the transaction expected to close in Q3 2025. The company's audit opinion included a going concern qualification, with cash and equivalents at $14.4 million as of December 31, 2024.
MDA Space has announced the acquisition of SatixFy Communications (NYSE: SATX) in an all-cash transaction valued at US$2.10 per share, representing a total equity value of approximately US$193 million. The deal includes retiring SatixFy's existing debt of US$76 million, bringing the total transaction value to US$269 million.
Founded in 2012, SatixFy is a semiconductor supplier specializing in satellite communications technology, with over 60 patents and 165 technical employees globally. The company has invested approximately US$270 million in R&D to date. The acquisition aims to enhance MDA Space's end-to-end satellite systems offering as digital satellite communications demand grows.
The transaction, expected to close in Q3 2025, includes a 45-day go-shop period until May 16, 2025. It has received unanimous board approval and support from shareholders holding approximately 57% of SatixFy's shares. The deal is projected to be accretive to MDA Space's adjusted earnings by 2027.
SatixFy Communications (NYSE American: SATX) has secured new agreements worth over $10 million with MDA Space. The deal includes a $6.7 million purchase order for engineering models and space-grade chips, plus a $3.5 million ATP agreement for engineering work. This builds upon a previous $2 million ATP agreement.
The company will provide advanced chipsets and digital beamformers for testing and assembly in MDA Space's satellites. These components are important for next-generation satellite communication networks, supporting both LEO and GEO constellations.
SatixFy Communications (NYSE: SATX) has secured £1.8 million ($2.3 million) in funding from the UK Space Agency under its C-LEO program to develop advanced software for digital satellite payloads. The software suite will focus on regenerative and digital beamforming capabilities, designed for real-time control and monitoring of LEO/MEO/GEO payloads.
The software will integrate with SatixFy's Sx4000 regenerative processor ASIC and Prime 2.0 digital beamforming integrated circuits, expanding the company's full solution offering. This integration aims to provide satellite operators with a comprehensive end-to-end solution that enhances performance, efficiency, and flexibility while reducing integration complexity and time-to-market.
SatixFy Communications (NYSE AMERICAN: SATX) announced its participation in Satellite Show 2025 at the Walter E. Washington Convention Center, Washington, D.C., from March 11-13, 2025. The company will showcase its comprehensive satellite communication solutions at booth #2225.
The exhibition will feature their space-grade ASICs for digital satellite payloads, including radiation-hardened processors and digital multi-beam beamforming ASICs, designed for NGSO DRA antennas in direct-to-device and broadband applications. In the ground segment, SatixFy will present advanced multi-beam, multi-orbit, and multi-frequency terminal solutions for Ka- and Ku-band.
A highlight will be SatixFy's Outdoor Gateway Modem for NGSO antennas, already selected by a tier-1 LEO constellation operator. CEO Nir Barkan and Executive Chairman Yoav Leibovitch will be present at the booth to discuss products and future vision.
SatixFy Communications (NYSE AMERICAN: SATX) has announced regaining compliance with NYSE American's continued listing standards. The company received written confirmation on December 16, 2024, stating it has resolved the listing deficiencies previously identified in a November 30, 2023 letter. These deficiencies were related to Sections 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide. SatixFy demonstrated compliance for two consecutive quarters as required under Section 1009(f) of the Company Guide and affirms its commitment to maintaining NYSE American listing requirements while focusing on operational and financial objectives.
SatixFy Communications (NYSE American: SATX) reported its nine-month 2024 financial results, showing total revenues of $8.5 million, a 4% decrease from 2023. The company expects full-year 2024 revenues between $17-$19 million with 70-75% gross margins.
Key highlights include a $39 million contract with Telesat for Lightspeed Network development and expanded collaboration with MDA Space Gross profit increased 36% to $6.2 million, while operating loss improved 18% to $23.1 million. Net loss improved 43% to $34.5 million.
Cash position decreased to $6.5 million as of September 30, 2024, compared to $14.0 million at end-2023. R&D expenses decreased 15% to $21.4 million, while finance expenses dropped 64% to $11.5 million.
Telesat has signed a US$39 million contract with SatixFy for the development and delivery of Landing Station Baseband Units for the Telesat Lightspeed Network. Under the agreement, SatixFy will design and supply Landing Station Baseband systems over a 28-month period, enabling high-speed communication between Telesat Lightspeed LEO satellites and Landing Stations. The contract includes US$5 million already paid to SatixFy in a previous period. The Telesat Lightspeed constellation aims to provide global, high-speed, low-latency broadband connectivity for enterprise and government organizations.
SatixFy Communications (NYSE American: SATX) has announced new agreements worth $10 million, comprising $5 million in new deals and a $5 million prepayment from an existing contract with MDA Space. The arrangement includes a $3 million addition to the original Master Purchase Agreement from October 2023, plus a new Authorization to Proceed agreement worth $2 million. This builds upon their previous $60 million transaction with MDA Space, positioning SatixFy's space-grade chips and software as key components for next-generation digital satellite payloads in LEO and GEO satellite constellations.
SatixFy Communications (NYSE American: SATX) has signed a $9 million software development and license agreement with MDA Space (TSX: MDA) for satellite payloads. The contract includes:
- $6 million for software solution delivery with a license for an existing MDA Space customer
- $3 million for a license to support future customers
- An option for MDA Space to access part of the code for an additional $4 million
SatixFy will provide modem and beamforming software for its chipsets used in digital satellite broadband Low Earth Orbit Constellation payloads. This agreement positions SatixFy as a market leader in space-grade chips and software for next-generation digital satellite payloads.
