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 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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.