C-COM Reports Fiscal Year 2025 Results

Rhea-AI Summary

C-COM (OTCQB: CYSNF) reported fiscal 2025 results for year ended Nov 30, 2025: revenue $5.78M (down 26% from $7.89M) and a net loss $407,550 (versus $211,475 in 2024). Gross margin improved to 49% and expenses fell by about $0.9M.

The company is nearing completion of its Ka-band flat panel ESA and 8-channel BFIC, aiming for commercial production in Q4 2026 and expecting new revenue streams from ESA markets and military sales growth.

Positive

• Gross margin improved to 49%
• Total expenses reduced by ~$0.9M
• Commercial production planned for Q4 2026 for ESA and BFIC

Negative

• Revenue declined 26% to $5.78M in fiscal 2025
• Net loss widened to $407,550 from $211,475

Ottawa, Ontario--(Newsfile Corp. - March 24, 2026) - C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF), a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, announced today its financial results for its fiscal year ended November 30, 2025.

The Company reported revenues of $5,783,028 for fiscal 2025, compared to $7,886,850 in 2024, down 26%, reflecting ongoing shifts in the global satellite communications market.

C-COM recorded a net loss of $407,550 for the year, compared to a net loss of $211,475 in 2024, primarily attributable to lower sales volumes.

Despite softer revenues, the Company delivered improved gross margins of 49% in 2025, up from 47% in 2024, underscoring continued success in cost optimization and operational efficiency initiatives. Total expenses were reduced by approximately $0.9 million during the year, further strengthening the Company's financial position.

"C-COM remains well positioned to navigate the evolving satcom landscape, supported by a strong balance sheet and solid liquidity," said Dr. Leslie Klein, President and CEO of C-COM Satellite Systems Inc. "We are encouraged by increasing sales activity, particularly from the military sector, which reflects growing demand for reliable, high-performance satellite communication solutions."

"The commercialization of our next-generation Ka-band flat panel multi-orbit antenna and our 8-channel beamformer integrated circuit (BFIC) remains our top strategic priority. Development of both technologies is nearing completion, representing a significant milestone for C-COM as we transition into the rapidly expanding electronically steered antenna (ESA) market," added Dr. Klein.

Commercial production of the Company's ESA solutions and BFIC is expected to begin in the fourth quarter of 2026. These innovations are anticipated to open new revenue streams and position C-COM for sustainable long-term growth as global demand for advanced satellite connectivity continues to accelerate.

About C-COM Satellite Systems Inc.

C-COM Satellite Systems Inc. is a pioneer and a leading global designer, developer, and manufacturer of transportable and mobile satellite-based antenna systems. The Company has developed proprietary, auto-acquisition controller technology for rapid antenna pointing to a satellite with just the press of a button, enabling Broadband Internet via Satellite across a wide range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies.

C-COM has sold more than 11,000 antenna systems, in over 100 countries, through a dedicated dealer network that provides service to a wide range of vertical markets such as Oil and Gas Exploration, Military Communications, Disaster Management, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Mobile Education, Government Services, Mobile Banking, and others. The Company's iNetVu® brand is synonymous with high quality, reliability, and cost-effectiveness.

C-COM is in final stages of satellite testing and manufacturing of a potentially revolutionary Ka-band, electronically steerable, modular, conformal, flat panel phased array antenna. C-COM has developed this unique multi-orbit antenna with the intent of providing low-cost, high-throughput mobility applications over satellite for land, airborne and maritime verticals over LEO, MEO and GEO satellite constellations.

Another significant project underway at C-COM is the development of an 8-Channel Ka-band Analog Beamforming Integrated Circuit, (BFIC) which is progressing well and is now in testing phase. These BFICs will be used in the manufacturing of all our ESA antennas with the intent to significantly reduce their cost and improve their performance. In addition, they will be made available to integrators and others developing Ka-band satcom solutions.

For additional information, please visit www.c-comsat.com.

iNetVu^® is a registered trademark of C-COM Satellite Systems Inc.

The Company is publicly traded on the Canadian Venture Exchange (TSXV: CMI) and on the US OTC Exchange (OTCQB: CYSNF).

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions. Statements about C-COM's expectations for future results, its intention to continue testing and launch the Ka-band flat panel multi-orbit antennas and our 8-channel beamformer integrated circuit its primary focus over the next couple years and the expectation that investment in R&D will generate returns to the company all contain forward-looking information. Several factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Product testing may be delayed, may not have positive results or may result in necessary changes to the product design. Product development and launch may be postponed, delayed or, in the worst case, cancelled for many reasons outside C-COM's control, anticipated benefits of the new technology may not be realized, new products and services may not be released or, if released may not gain market acceptance and factors outside of C-COM's control may cause it to focus of its efforts and investments differently than described above. Any of those events and others could influence future performance and C-COM Satellite Systems Inc.'s ability to achieve the results mentioned above. These forward-looking statements are made as of the date hereof and C-COM Satellite Systems Inc. does not assume any obligation to update or revise them to reflect new events or circumstances. Readers are directed to the risk factors associated with the business of C-COM Satellite Systems in the company's most recent MD&A available at www.sedarplus.ca.

INVESTOR RELATIONS
C-COM Satellite Systems Inc.
Tel: (613) 745-4110 ext. 4950
Fax: (613) 745-7144
lklein@c-comsat.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289780

FAQ

What were C-COM (CYSNF) fiscal 2025 revenues and how did they change year-over-year?

C-COM reported $5.78 million in fiscal 2025 revenue, down 26% year-over-year. According to the company, the decline reflects shifting dynamics in the global satellite communications market and lower sales volumes compared with fiscal 2024.

Why did C-COM (CYSNF) record a larger net loss in fiscal 2025?

C-COM posted a $407,550 net loss in fiscal 2025, larger than 2024’s loss. According to the company, the wider loss was primarily attributable to lower sales volumes despite cost reductions and improved gross margins.

How did C-COM (CYSNF) improve profitability metrics in fiscal 2025?

The company improved gross margin to 49% and cut expenses by about $0.9M. According to the company, these gains reflect cost optimization and operational efficiency initiatives implemented during fiscal 2025.

When will C-COM (CYSNF) begin commercial production of its ESA and BFIC products?

C-COM expects commercial production to begin in Q4 2026 for its Ka-band ESA and 8-channel BFIC. According to the company, both technologies are nearing completion and are top strategic priorities for commercialization.

What market demand is C-COM (CYSNF) seeing that could drive future sales?

C-COM reports increasing sales activity from the military sector and rising demand for advanced satcom solutions. According to the company, military demand and ESA opportunity could open new revenue streams as products enter commercial production.

How might C-COM (CYSNF) financial position affect its product commercialization plans?

The company says it has a strong balance sheet and solid liquidity to support product commercialization and operations. According to the company, improved margins and reduced expenses strengthen its ability to fund Q4 2026 production plans.