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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.

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.

Bookmark this page to stay informed about SATIXFY’s contributions to efficient, high-throughput satellite systems and their evolving position in the aerospace technology sector.

News

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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SatixFy Announces Strategic $60 Million Transaction including a Commercial Agreement & Subsidiary Sale with MDA

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SatixFy announces a $60 million transaction with MDA for cooperation in utilizing SatixFy's digital payload chip technology. The transaction includes a $40 million share purchase agreement and $20 million in advanced payments. SatixFy will focus on being a technology provider to satellite payload design companies. The transaction is expected to occur in Q4 2023.
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MDA ACQUIRES DIGITAL PAYLOAD DIVISION OF SATIXFY

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MDA Ltd. has signed an agreement to acquire SatixFy Space Systems UK Ltd. for $40 million, strengthening its position in the digital satellite communications market.
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SatixFy Appoints Nir Barkan as Acting Chief Executive Officer

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SATIXFY COMMUNICATIONS LTD

NYSE:SATX

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175.90M
34.76M
54.38%
14.75%
0.02%
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