C-COM Satellite Systems Inc. develops and manufactures commercial-grade transportable and mobile satellite antenna systems for broadband connectivity in field and remote environments. Its news commonly covers iNetVu® antenna orders, reseller deliveries, financial results, reporting framework changes, and product development across mobile SATCOM applications.
Company updates also address proprietary auto-acquisition controller technology, Ka-band and Ku-band antenna platforms, electronically steered antenna work, beamformer integrated circuits, transportable cases for ESA terminals, and patent activity. C-COM’s disclosed markets include oil and gas exploration, military communications, disaster and emergency response, cellular backhaul, telemedicine, mobile education, government services, and mobile banking.
C-COM Satellite Systems (OTCQB: CYSNF) has secured its 12th patent (US Patent No.:12,381,318 B2) for a groundbreaking Ka-band 2D Phased-Array Antenna in Package technology. The innovation was developed in collaboration with the University of Waterloo, supported by multiple Canadian organizations including the Ontario Centers for Excellence, Canadian Space Agency, and Natural Sciences and Engineering Research Council.
The patented technology features a unique low-cost millimeter-wave phased array antenna package comprising an antenna array with an integrated passive beamformer network and actuation mechanism. This development represents a significant step toward next-generation hybrid phased array antennas for large-scale systems.
C-COM Satellite Systems (OTCQB: CYSNF) has secured $2 million in orders for its iNetVu® antenna systems. The orders include Manpack antenna systems for military customers in Asia, along with 1200+ Ku-band and 98G Ka-band Vehicle Mount systems. The company has already begun deliveries to resellers across Europe, Canada, the Middle East, and Asia.
The iNetVu® Manpack systems are designed for single-person portability and rapid deployment, featuring one-minute satellite location capability. The vehicle-mounted systems are equipped with advanced iNetVu® 7715 controllers supporting DVB-S2X and OpenAMIP protocols. Currently, over 11,000 iNetVu® antennas are deployed globally across various sectors including disaster management, oil and gas exploration, emergency services, and military applications.
C-COM Satellite Systems (OTCQB: CYSNF), a provider of commercial grade mobile auto-deploying satellite antenna systems, has granted stock options to its officers. The company issued options to purchase 200,000 common shares at an exercise price of $0.93 per share, which reflects the closing price on the TSX Venture Exchange as of July 17, 2025. The options are part of the company's annual compensation package and are subject to regulatory approval.
C-COM Satellite Systems (OTCQB: CYSNF) reported its Q2 2025 financial results, with sales of $1.6 million, down $1.0 million compared to Q2 2024. The company achieved a 55% gross margin in Q2, recovering from 44% in Q1 2025, while reducing total expenses by $0.3 million year-over-year.
Despite cost reductions, C-COM recorded a net loss of $90,860. The company faces challenges from U.S. tariffs and competition from SpaceX's LEO satellite network. However, C-COM sees opportunities in military markets and plans to showcase its products at the MSPO trade show in Poland. The company expects to complete testing and manufacturing of Ka-band ESA multi-orbit antennas by Q4 2025.
C-COM Satellite Systems (OTCQB: CYSNF) has secured a $412,550 funding grant from ISED Canada under the CMC/FABrIC program, a $223 million initiative focused on Canada's semiconductor future. The company is collaborating with MMSENSE Technologies, which received a $497,650 grant, for developing next-generation integrated circuits for Ka-band electronically steered phased array antennas and satellite IoT applications.
The project, with a total investment of $2.46 million over two years, aims to develop high-efficiency beamforming ICs and intelligent beam-forming antenna modules. This initiative positions C-COM to enter a new vertical market with multi-billion dollar potential while enhancing their Ka-band semiconductor IC technology capabilities.
C-COM Satellite Systems (TSXV: CMI, OTCQB: CYSNF) has released its Q1 2025 financial results. The company reported revenues of $0.7 million, matching Q1 2023 but significantly lower than Q1 2024's $2.6 million. Gross margins dropped to 44% due to a $0.1 million obsolete inventory write-off, though adjusted margins would have been 62%.
The company recorded a net loss of $0.5 million despite well-controlled expenses, with negative operating cash flow of $0.4 million. Management maintains confidence in their strong balance sheet to navigate through current global trade challenges while continuing development of their ESA antennas and Beamformer integrated circuit chips.
C-COM Satellite Systems (OTCQB: CYSNF) reported its fiscal year 2024 results, showing a 5% revenue decline to $7.89 million compared to $8.29 million in 2023. The company posted a net loss of $211,475 in 2024, contrasting with a net income of $1.67 million in 2023, primarily due to lower gross margins and increased R&D investments.
Despite challenges, the company generated $2.6 million in net operating cash-flow and increased its cash and investments by 3% to $16 million. The company's 600 global resellers secured orders mainly from military, oil and gas, cellular backhaul, and security markets.
The company is advancing its electronically steered Ka-band antenna (ESA) development, with successful testing of the 1K-element version on Telesat's GEO and LEO satellites. A 4K-element version is scheduled for testing, aimed at providing in-motion connectivity across multiple satellite constellations.
C-COM Satellite Systems (TSXV: CMI, OTCQB: CYSNF) has received its second approval from Eutelsat S.A. for its iNetVu® Ka-74G antenna system with a new Ka Transceiver. The vehicle-mounted mobile antenna system, equipped with the new electronically polarized 3W XRE Transceiver, is now certified to operate on Eutelsat's KONNECT Very High Throughput Satellite (VHTS) service.
The system provides coverage across Europe, the Middle East, and Sub-Saharan Africa, capable of delivering speeds up to 100Mbps download and 10Mbps upload. The Ka-74G antenna system is available for immediate delivery and has passed Eutelsat Group approval testing per ESOG 120 standards.
C-COM Satellite Systems (TSXV: CMI, OTCQB: CYSNF) has announced the immediate suspension of its quarterly dividend of $0.0125 per common share. This strategic decision aims to preserve cash and redirect resources toward critical projects, primarily the commercialization of its Ka-band Electronically Steered Antenna (ESA).
The company's R&D team, collaborating with the University of Waterloo, has successfully developed a breakthrough multi-orbit ESA Ka-band antenna system capable of operating with GEO, MEO, and LEO constellations. The antenna features a compact, scalable design suitable for various mobile applications including airborne inflight services, military drones, maritime vessels, and land vehicles.
C-COM plans to launch a 1K element ESA system in late 2025, followed by a 4K ESA in early 2026. The dividend suspension, following 50 quarters of consistent payments, reflects the company's commitment to maintaining financial flexibility for these strategic investments.
C-COM Satellite Systems has developed mobility mount accessories for Hughes manufactured ESA terminals compatible with Eutelsat OneWeb. The new hardware adapters provide universal mounting solutions for both HL1100 and HL1120 ESA OneWeb flat panel antennas, enabling industrial, transportable, or vehicle-mounted installations. The iNetVu® OneWeb mobility mount allows fixed ESA terminals to function as comms-on-the-pause mobile terminals or provide flexibility for various industrial installations. The company expects significant adoption of these mounts with the planned deployment of 10,000 Hughes manufactured fixed ESA terminals over the Eutelsat OneWeb constellation.