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SatixFy Communications Ltd. - SATX STOCK NEWS

Welcome to our dedicated page for SatixFy Communications Ltd. news (Ticker: SATX), a resource for investors and traders seeking the latest updates and insights on SatixFy Communications Ltd. stock.

SatixFy Communications Ltd. (Symbol: SATX) is a leading developer in the next-generation satellite communications sector. The company specializes in creating comprehensive satellite communication systems, including satellite payloads, user terminals, and modems. SatixFy distinguishes itself with its development of high-performance chipsets that form the backbone of its products.

Key offerings from SatixFy include modems equipped with Software Defined Radio (SDR) technology and Fully Electronically Steered Multi-Beam Antennas. These advanced modems support the DVB-S2X communications standard, ensuring robust and efficient data transmission.

SatixFy has a significant geographical presence, operating in the U.S., Canada, the UK, and various other countries. The majority of the company's revenue is generated from its operations in the U.S. and Canada, highlighting its strong market influence in North America.

Recent achievements include the launch of new satellite communication solutions and strategic partnerships aimed at enhancing global connectivity. SatixFy is currently engaged in multiple cutting-edge projects that underscore its commitment to innovation in satellite technology.

The company's solid financial condition and ongoing projects position it as a significant player in the satellite communications industry. SatixFy continues to push the boundaries of satellite technology, offering products that meet the evolving needs of its clients and the broader market.

News

SatixFy’s Space Chips Advance into Customer Testing Stage

Rhea-AI Summary
SatixFy (SATX) advances Prime 2.0 and Sx4000 chips for satellite communication systems, targeting LEO and GEO satellite manufacturers. The Sx4000 Chip is nearing flight-ready status by late 2024. CEO Nir Barkan expresses confidence in the technology's potential and upcoming commercialization, with a showcase at the Satellite Show in March 2024.
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SatixFy to Showcase its Cutting-Edge Space-to-Ground SatCOM Solutions at Satellite Show 2024

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SatixFy Communications Ltd. announces its participation in Satellite Show 2024, showcasing innovative satellite communication solutions including the Onyx Aero in-flight connectivity terminal. Visitors can explore advanced digital payloads and ground segment antennas, highlighting the company's commitment to cutting-edge technology and performance.
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SatixFy to Participate at the 36th Annual ROTH Conference on March 18, 2024

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SatixFy Communications Ltd. to Participate in 36th Annual ROTH Investment Conference
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The NYSE American Accepts SatixFy’s Plan to Regain Compliance with Listing Standards

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SatixFy Communications Ltd. received notice from NYSE American stating that it has accepted the company's plan of compliance and granted a plan period through May 30, 2025, based on expected business progress and technological development. The company had previously received a notice of non-compliance with listing standards.
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SatixFy to Participate at the 26th Annual Needham Growth Conference

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SatixFy Communications Ltd. (SATX) to participate in the 26th Annual Needham Growth Conference, with Acting CEO Nir Barkan presenting on January 19, 2024. Virtual one-on-one meetings with investors also available throughout the day.
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SatixFy Receives NYSE American Notice of Non-compliance with Continued Listing Standards

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SatixFy Communications Ltd. (SATX) received a notice from NYSE American stating non-compliance with listing standards. The company must submit a plan to regain compliance by May 30, 2025, based on business progress and technological development.
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SatixFy Announces Nine Months 2023 Results

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SatixFy Communications Ltd. (SATX) reported a 31% increase in total revenues to $8.9 million for the nine month period ending on September 30, 2023, compared to the same period in 2022. The company also achieved a gross profit of $4.5 million with a gross margin of 50.8%, representing a 21% increase. However, the operating loss increased to $28.1 million due to higher R&D costs. Despite the increase in expenses, the company's management remains optimistic about its growth potential and market position.
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SatixFy Announces Completion of Strategic $60 Million Transaction with MDA

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SatixFy Communications has completed a $60 million transaction with MDA Ltd., a leading provider in the global space industry. MDA acquired SatixFy's digital payload division and UK subsidiary for $40 million and paid an additional $20 million in advanced payments. The transaction establishes deep cooperation between the two companies and is expected to open up SatixFy's solutions to broader markets and new customers. SatixFy will focus on being a top technology provider to satellite payload design companies.
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MDA COMPLETES ACQUISITION OF SATIXFY DIGITAL PAYLOAD DIVISION

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MDA Ltd. has completed the acquisition of SatixFy Space Systems UK Ltd., the digital payload division of SatixFy Communications Ltd. The acquisition strengthens MDA's digital satellite capabilities and expands its market presence in the UK. The newly acquired division will be integrated into MDA UK and will collaborate with MDA's Satellite Systems business in Montreal. This acquisition supports the UK's objective to maintain leadership in the global satellite market.
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SatixFy Announces First Half 2023 Results

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SatixFy Communications Ltd. announces consolidated financial results for H1 2023. Total revenues increased by 71% to $5.7 million. Gross profit was $2.3 million with a gross margin of 41.0%. Operating loss was $16.6 million. Net loss was $46.5 million. Cash and cash equivalents totaled $11.5 million.
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FAQ

What is the current stock price of SatixFy Communications Ltd. (SATX)?

The current stock price of SatixFy Communications Ltd. (SATX) is $0.925 as of November 4, 2024.

What is the market cap of SatixFy Communications Ltd. (SATX)?

The market cap of SatixFy Communications Ltd. (SATX) is approximately 72.9M.

What does SatixFy Communications Ltd. specialize in?

SatixFy specializes in developing end-to-end next-generation satellite communications systems, including satellite payloads, user terminals, and modems.

What are some of the key products of SatixFy?

Key products include modems with Software Defined Radio technology and Fully Electronically Steered Multi-Beam Antennas that support the DVB-S2X communications standard.

Where does SatixFy generate most of its revenue?

SatixFy generates most of its revenue from the U.S. and Canada.

In which countries does SatixFy have a presence?

SatixFy has a presence in the U.S., Canada, the UK, and various other countries.

What recent achievements has SatixFy made?

Recent achievements include launching new satellite communication solutions and forming strategic partnerships to enhance global connectivity.

What is unique about SatixFy’s modems?

SatixFy’s modems feature Software Defined Radio and Fully Electronically Steered Multi-Beam Antennas, which support the advanced DVB-S2X standard.

What type of technology forms the backbone of SatixFy's products?

High-performance chipsets developed in-house form the backbone of SatixFy’s products.

How does SatixFy contribute to the satellite communications industry?

SatixFy contributes through continuous innovation, developing advanced satellite communication systems and forming strategic partnerships to enhance connectivity.

What financial condition is SatixFy in?

SatixFy is in a solid financial condition, enabling it to continue its innovative projects and maintain its market influence.

What is the significance of SatixFy’s technology in the market?

SatixFy’s technology meets the evolving needs of clients, offering robust satellite communication solutions that enhance global connectivity.

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SatixFy Communications Ltd.

NYSE:SATX

SATX Rankings

#4605 Ranked by Market Cap
N/A Ranked by Dividends

SATX Stock Data

72.94M
84.81M
54.38%
13.57%
0.08%
Communication Equipment
Technology
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United States of America
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