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C-COM SATELLITE SYS INC - $CYSNF STOCK NEWS

Welcome to our dedicated page for C-COM SATELLITE SYS news (Ticker: $CYSNF), a resource for investors and traders seeking the latest updates and insights on C-COM SATELLITE SYS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect C-COM SATELLITE SYS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of C-COM SATELLITE SYS's position in the market.

News
C-COM Reports First Quarter Results
Rhea-AI Summary
C-COM Satellite Systems Inc. reports strong Q1 financial results with revenues of $2,628,037 and net income of $391,227, a significant improvement over the previous year. The company maintains its quarterly dividend payout for the 48th consecutive quarter, with a dividend of $0.0125 per share. C-COM remains focused on innovation and investment in advanced antenna products, aiming for improved performance in 2024.
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C-COM Reports Fiscal Year 2023 Results
Rhea-AI Summary
C-COM Satellite Systems Inc. announced its financial results for the fiscal year ended November 30, 2023, revealing a 29% decrease in revenues compared to 2022 but a significant increase in net income driven by improved gross margins and reduced expenses. The Company's profitability surged by 47% in 2023, with net income reaching $1,672,907. C-COM's focus on launching upgraded systems and maintaining healthy margins positions it well for future growth, with plans to commercialize a revolutionary Electronically Steered Phased Array antenna in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.77%
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earnings
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C-COM Releases New 1.3M Manpack Antenna
Rhea-AI Summary
C-COM Satellite Systems Inc. completes design, development, and testing of new 1.3M Manpack antenna system, set for shipments in Q2 2024. The advanced antenna is compact, lightweight, and fully automatic, catering to various applications worldwide.
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C-COM Reports Quarterly Dividend
Rhea-AI Summary
C-COM Satellite Systems Inc. (CYSNF) announced the payment of a $0.0125 per share dividend, representing a 4.13% yield on an annualized basis. The company's President and CEO, Leslie Klein, expressed satisfaction in rewarding loyal shareholders with this quarterly dividend. C-COM's iNetVu® mobile proprietary antennas and associated services cater to various sectors requiring affordable mobile 2-way high-speed Internet over Satellite connectivity.
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C-COM Announces Issuance of Stock Options
Rhea-AI Summary
C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF) Grants Options to Purchase 300,000 Common Shares to Officer as Part of Annual Remuneration Package
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0.88%
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C-COM Receives Additional Funding for Its Phased Array Antenna Technology Development
Rhea-AI Summary
C-COM Satellite Systems Inc. has secured advisory services and conditional funding of up to $815,845 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) for the development of its phased array antenna technology. The funding will be used to continue the development of Beam Forming Integrated Circuits (BFICs) for Satcom applications. The project aims to create a low-cost, highly efficient BFICs for Ka-band electronically steered antenna. C-COM is in the final stages of testing its 4096 elements Transmit and Receive electronically steered phased array antenna.
Rhea-AI Impact
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End-of-Day
22.71%
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C-COM Reports Third Quarter Results
Rhea-AI Summary
C-COM Satellite Systems Inc. maintains quarterly dividend payout for 46 consecutive quarters. Q3 financial results show a decrease in revenues and net income compared to the previous year. The company experienced supply chain delays and pandemic aftereffects. However, new orders are being booked and revenue is expected to improve in Q4.
Rhea-AI Impact
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-16.49%
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C-COM Receives $3 Million USD Antenna Orders
Rhea-AI Summary
C-COM Satellite Systems receives $3M worth of orders for its satellite antenna systems, with a significant portion for the Manpack antennas. The company also receives its first large multiunit order for the iNetVu 1200+ Vehicle Mount antenna system. These orders validate the quality and reliability of C-COM's products and its ability to deliver despite supply chain issues.
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0.91%
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C-COM Reports Second Quarter Results
Rhea-AI Summary
Rhea-AI Impact
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End-of-Day
-12.45%
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earnings
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C-COM Receives Orders for Mission Critical Communications
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2.56%
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C-COM SATELLITE SYS INC

OTC:CYSNF

CYSNF Rankings

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CYSNF Stock Data

39.22M
23.79M
41.47%
Telephone Apparatus Manufacturing
Manufacturing
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United States of America
Ottawa