Welcome to our dedicated page for C-Com Satellite news (Ticker: CYSNF), a resource for investors and traders seeking the latest updates and insights on C-Com Satellite stock.
C-COM Satellite Systems Inc. (OTCQB: CYSNF) regularly issues news covering its activities as a designer, developer, and manufacturer of transportable and mobile satellite-based antenna systems. On this page, readers can find updates that reflect the company’s role in mobile auto-deploying satellite antenna technology and its focus on broadband Internet via satellite for markets that lack robust terrestrial connectivity.
Company news often highlights financial results, including quarterly and annual performance, along with commentary on demand trends across defense, oil and gas, cellular backhaul, and other vertical markets. Releases also describe major antenna orders from resellers and end users in regions such as Europe, the Middle East, Asia, and North America, as well as information about deployment volumes for iNetVu ae manpack and vehicle-mounted systems.
C-COM’s announcements frequently focus on product development and certifications. Examples include type approvals from satellite operators like Eutelsat for Ka-band mobile antenna systems, new transportable and mobility solutions for Hughes ESA OneWeb terminals, and the introduction of Ka-band vehicle-mounted and manpack antennas. News items also cover the progress of its Ka-band, multi-orbit electronically steerable phased array antennas and related Analog Beamforming Integrated Circuits (BFICs).
Another recurring theme is R&D and intellectual property, such as the grant of U.S. patents for Ka-band 2D phased-array antenna-in-package technology and funding awards under programs like CMC/FABrIC for beamforming IC and antenna module development. Investors and industry observers can use this news feed to follow C-COM’s product milestones, research collaborations, funding developments, and market traction across military, emergency response, oil and gas, and other satellite connectivity applications.
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.
C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF) reported its Q3 2024 financial results, ending August 31, 2024. The company saw revenues of $1.3 million, a slight increase from $1.2 million in Q3 2023. Year-to-date revenues reached $6.5 million, up 46% from the same period in 2023. Despite a net loss of $0.1 million in Q3 2024, the year-to-date net income stands at $0.3 million.
C-COM generated $2.9 million in cash flow from operations, increasing cash and investments by $1.5 million to $17 million. The company maintained its quarterly dividend, paying out $528,206 in Q3. C-COM also announced its next quarterly dividend of $0.0125 per share, payable on November 13th, 2024, representing a 4.0% annualized yield.
CEO Dr. Leslie Klein highlighted the company's progress in developing an advanced, multi-orbit Ka-band Electronically Steered Antenna System (ESA), capable of operating over GEO, MEO, and LEO satellite constellations.
C-COM Satellite Systems Inc. (TSXV:CMI)(OTCQB:CYSNF), a leading provider of commercial grade mobile auto-deploying satellite antenna systems, has announced its participation in the Planet MicroCap Showcase: VANCOUVER 2024. The event, in association with Small Cap Discoveries, is scheduled for Wednesday, September 25, 2024.
Dr. Leslie Klein, President and CEO, will present at 11:30 AM PT (2:30 PM ET) and participate in 1x1 meetings. Investors can access the live presentation via webcast and book 1x1 meetings through the event's registration page. The showcase will be held at the Fairmont Waterfront Vancouver, offering in-person networking opportunities.
This event provides C-COM an important platform to engage with investors and showcase its innovative satellite technology solutions to a targeted audience of microcap investors.
C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF) reported strong Q2 2024 results, with revenues of $2,580,514 and net income after taxes of $61,072. The company maintained a healthy gross profit margin of 57.5% and improved its year-to-date cash flow from operations by $3.3 million compared to the previous year. C-COM's working capital increased to $25.2 million, up $0.8 million from Q2 2023. The company continued its quarterly dividend payout, announcing a dividend of $0.0125 per common share, representing a 4.2% yield on an annualized basis. C-COM also reported progress on its next-generation Ka-band Electronically Steered Antenna System (ESA) and Analog Beamforming Integrated Circuit project.
On May 24, 2024, C-COM Satellite Systems, trading on TSXV as CMI and on OTCQB as CYSNF, announced the issuance of stock options. The company, a leading provider of mobile auto-deploying satellite antenna systems, has granted an officer the option to purchase 160,000 common shares at $1.17 per share. This move is aligned with C-COM's stock option plan and is part of the annual remuneration package. The grants are pending regulatory approvals as per TSX Venture Exchange requirements.
C-COM Satellite Systems Inc., announced the issuance of stock options to purchase 40,000 common shares at $1.21 per share to an officer of C-COM, as part of the annual remuneration package and subject to regulatory approvals.
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