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SATIXFY COMMUNICATIONS LTD - SATX STOCK NEWS

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

Overview of SatixFy Communications Ltd

SatixFy Communications Ltd (NYSE American: SATX) is a leading innovator in the satellite communications industry, specializing in the development of end-to-end next-generation satellite communication systems. The company operates as a vertically integrated provider, designing and manufacturing advanced satellite hardware and software solutions based on its proprietary chipsets. Headquartered in Rehovot, Israel, with additional offices in the U.S., UK, and Bulgaria, SatixFy serves a global customer base, with a significant portion of its revenue generated from North America.

Core Business and Product Portfolio

At the heart of SatixFy’s operations is its commitment to delivering high-performance satellite communication systems. The company’s product portfolio includes:

  • Satellite Payloads: Advanced multi-beam digital antennas designed to enhance satellite performance and connectivity.
  • User Terminals: Cutting-edge ground equipment optimized for seamless communication with Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geostationary Orbit (GEO) satellite constellations.
  • Modems: Software-defined radio (SDR) modems that support the DVB-S2X communication standard, enabling flexible and efficient satellite communication.

SatixFy’s proprietary Application-Specific Integrated Circuits (ASICs) are a cornerstone of its technology, improving system efficiency by reducing weight, power consumption, and space requirements. These innovations cater to a wide range of applications, including in-flight connectivity, maritime communication, and government and enterprise solutions.

Technological Differentiation

SatixFy’s competitive edge lies in its in-house development of chipsets, which allows the company to maintain control over the performance, cost, and scalability of its products. Key technologies include:

  • Electronically Steered Multi-Beam Antennas (ESMA): These fully electronically steered antennas enable simultaneous communication with multiple satellites, enhancing coverage and reliability.
  • Software-Defined Radios (SDR): Flexible modem technology that adapts to evolving communication standards and customer needs.

These innovations position SatixFy as a critical enabler of modern satellite networks, including the emerging LEO constellations that promise low-latency, high-speed global connectivity.

Market Position and Strategic Partnerships

SatixFy operates within a highly competitive and rapidly evolving satellite communications industry. By focusing on advanced technology and strategic partnerships, the company has secured a strong foothold in the market. Notably, its collaboration with Telesat on the Lightspeed Network highlights its role as a trusted supplier of critical ground communication systems. Such partnerships underscore SatixFy’s ability to deliver reliable, high-performance solutions for enterprise, government, and telecom customers.

Industry Context and Challenges

The satellite communications industry is undergoing significant transformation, driven by the deployment of LEO satellite constellations and increasing demand for high-speed, low-latency connectivity. SatixFy’s focus on innovation and its vertically integrated business model position it to capitalize on these trends. However, the company faces challenges such as intense competition, rapid technological advancements, and the need for continuous investment in R&D to maintain its competitive edge.

Conclusion

SatixFy Communications Ltd stands out as a key player in the satellite communications sector, delivering innovative solutions that address the growing demand for reliable and efficient connectivity. Through its proprietary technologies and strategic partnerships, the company is well-positioned to support the evolving needs of satellite operators, enterprises, and government organizations worldwide.

Rhea-AI Summary

SatixFy Communications, a leader in satellite communication systems, announced CEO Nir Barkan's participation in Maxim Group's Virtual TMT Investor Conference on June 5, 2024, at 9 am ET. The event will explore how emerging growth companies leverage new technologies like AI. Barkan will discuss SatixFy’s technological advancements, potential market opportunities, and trends in satellite communications. The fireside chat will be streamed live and available for replay.

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SatixFy Communications has reported its financial results for the first quarter of 2024, noting a 20% decrease in total revenues to $1.9 million, compared to the same period in 2023. Despite the revenue drop, gross profit rose by 62% to $1.6 million, thanks to lower-cost service delivery. The company reported an operating loss of $7.7 million, primarily due to increased R&D and administrative expenses. R&D expenses surged to $6.8 million, driven by efforts to develop space-grade ASICs. Net loss narrowed to $11.3 million from $32.4 million in Q1 2023. Cash reserves decreased to $10 million from $14 million at the end of 2023.

CEO Nir Barkan highlighted ongoing development and customer sampling of the company's Prime 2.0 and Sx4000 chips, with commercialization expected by Q1 2025. SatixFy aims to capitalize on the growing LEO satellite market, offering products that promise capital expenditure savings and improved communication efficiencies.

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SatixFy Communications announced a collaboration with SCOTTY Group, leading to the first order of its Onyx in-flight connectivity (IFC) terminals. The Onyx is a high-performance satellite communications aero terminal designed for small to mid-sized aircraft with advanced digital beam-forming technology and multi-orbit connectivity capabilities. SCOTTY will integrate these terminals into their communication solutions for aircraft, enhancing connectivity in areas previously by terminal sizes. The first installation is expected in the second half of 2024. This partnership aims to meet increasing market demand for reliable high-speed communication solutions in the aviation sector.

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SatixFy Communications releases its financial results for the full year 2023, showing a 1% increase in total revenues but a 22% decrease in gross profit. The company reported an operating loss of $41.8 million, mainly due to higher R&D expenses. Cash and cash equivalents increased to $14 million. The CEO highlighted strategic advancements and product development progress, emphasizing agreements with MDA and advancements in chip development.
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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 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 Communications Ltd. to Participate in 36th Annual ROTH Investment Conference
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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 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 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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FAQ

What is the current stock price of SATIXFY COMMUNICATIONS (SATX)?

The current stock price of SATIXFY COMMUNICATIONS (SATX) is $1.1333 as of March 6, 2025.

What is the market cap of SATIXFY COMMUNICATIONS (SATX)?

The market cap of SATIXFY COMMUNICATIONS (SATX) is approximately 95.0M.

What does SatixFy Communications Ltd specialize in?

SatixFy specializes in developing next-generation satellite communication systems, including payloads, user terminals, modems, and antennas based on proprietary chipsets.

How does SatixFy generate revenue?

SatixFy generates revenue primarily through the sale of satellite communication equipment and potentially through licensing and engineering services.

What technologies differentiate SatixFy from competitors?

SatixFy’s proprietary chipsets, electronically steered multi-beam antennas (ESMA), and software-defined radios (SDR) differentiate its products by enhancing performance and reducing costs.

What industries does SatixFy serve?

SatixFy serves industries such as telecommunications, government, aerospace, maritime, and enterprise sectors requiring high-speed, reliable satellite connectivity.

Who are SatixFy’s key competitors?

Competitors include established satellite communication hardware and software providers, as well as companies developing solutions for LEO, MEO, and GEO satellite networks.

What is the significance of SatixFy’s partnership with Telesat?

SatixFy’s partnership with Telesat involves developing Landing Station Baseband Units for the Lightspeed Network, showcasing its expertise in enabling high-speed, low-latency connectivity.

What are the primary applications of SatixFy’s products?

SatixFy’s products are used in applications such as in-flight connectivity, maritime communication, government operations, and enterprise network solutions.

Where is SatixFy headquartered?

SatixFy is headquartered in Rehovot, Israel, with additional offices in the U.S., UK, and Bulgaria.
SATIXFY COMMUNICATIONS LTD

NYSE:SATX

SATX Rankings

SATX Stock Data

94.99M
33.43M
54.38%
14.38%
0.14%
Communication Equipment
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Israel
Rehovot