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SatixFy Communications Ltd. - $SATX STOCK NEWS

Welcome to our dedicated page for SatixFy Communications Ltd. news (Ticker: $SATX), a resource for investors and traders seeking the latest updates and insights on SatixFy Communications Ltd. 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 SatixFy Communications Ltd.'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 SatixFy Communications Ltd.'s position in the market.

News
SatixFy Announces Full Year 2023 Results
Rhea-AI Summary
SatixFy Communications releases its financial results for the full year 2023, showing a 1% increase in total revenues but a 22% decrease in gross profit. The company reported an operating loss of $41.8 million, mainly due to higher R&D expenses. Cash and cash equivalents increased to $14 million. The CEO highlighted strategic advancements and product development progress, emphasizing agreements with MDA and advancements in chip development.
Rhea-AI Impact
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End-of-Day
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earnings
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SatixFy’s Space Chips Advance into Customer Testing Stage
Rhea-AI Summary
SatixFy (SATX) advances Prime 2.0 and Sx4000 chips for satellite communication systems, targeting LEO and GEO satellite manufacturers. The Sx4000 Chip is nearing flight-ready status by late 2024. CEO Nir Barkan expresses confidence in the technology's potential and upcoming commercialization, with a showcase at the Satellite Show in March 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.37%
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SatixFy to Showcase its Cutting-Edge Space-to-Ground SatCOM Solutions at Satellite Show 2024
Rhea-AI Summary
SatixFy Communications Ltd. announces its participation in Satellite Show 2024, showcasing innovative satellite communication solutions including the Onyx Aero in-flight connectivity terminal. Visitors can explore advanced digital payloads and ground segment antennas, highlighting the company's commitment to cutting-edge technology and performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
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SatixFy to Participate at the 36th Annual ROTH Conference on March 18, 2024
Rhea-AI Summary
SatixFy Communications Ltd. to Participate in 36th Annual ROTH Investment Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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conferences
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The NYSE American Accepts SatixFy’s Plan to Regain Compliance with Listing Standards
Rhea-AI Summary
SatixFy Communications Ltd. received notice from NYSE American stating that it has accepted the company's plan of compliance and granted a plan period through May 30, 2025, based on expected business progress and technological development. The company had previously received a notice of non-compliance with listing standards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.38%
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SatixFy to Participate at the 26th Annual Needham Growth Conference
Rhea-AI Summary
SatixFy Communications Ltd. (SATX) to participate in the 26th Annual Needham Growth Conference, with Acting CEO Nir Barkan presenting on January 19, 2024. Virtual one-on-one meetings with investors also available throughout the day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
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conferences
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SatixFy Receives NYSE American Notice of Non-compliance with Continued Listing Standards
Rhea-AI Summary
SatixFy Communications Ltd. (SATX) received a notice from NYSE American stating non-compliance with listing standards. The company must submit a plan to regain compliance by May 30, 2025, based on business progress and technological development.
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SatixFy Announces Nine Months 2023 Results
Rhea-AI Summary
SatixFy Communications Ltd. (SATX) reported a 31% increase in total revenues to $8.9 million for the nine month period ending on September 30, 2023, compared to the same period in 2022. The company also achieved a gross profit of $4.5 million with a gross margin of 50.8%, representing a 21% increase. However, the operating loss increased to $28.1 million due to higher R&D costs. Despite the increase in expenses, the company's management remains optimistic about its growth potential and market position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
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SatixFy Announces Completion of Strategic $60 Million Transaction with MDA
Rhea-AI Summary
SatixFy Communications has completed a $60 million transaction with MDA Ltd., a leading provider in the global space industry. MDA acquired SatixFy's digital payload division and UK subsidiary for $40 million and paid an additional $20 million in advanced payments. The transaction establishes deep cooperation between the two companies and is expected to open up SatixFy's solutions to broader markets and new customers. SatixFy will focus on being a top technology provider to satellite payload design companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
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none
News
MDA COMPLETES ACQUISITION OF SATIXFY DIGITAL PAYLOAD DIVISION
Rhea-AI Summary
MDA Ltd. has completed the acquisition of SatixFy Space Systems UK Ltd., the digital payload division of SatixFy Communications Ltd. The acquisition strengthens MDA's digital satellite capabilities and expands its market presence in the UK. The newly acquired division will be integrated into MDA UK and will collaborate with MDA's Satellite Systems business in Montreal. This acquisition supports the UK's objective to maintain leadership in the global satellite market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
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acquisition
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SatixFy Communications Ltd.

NYSE:SATX

SATX Rankings

#4720 Ranked by Market Cap
#5529 Ranked by Stock Gains
N/A Ranked by Dividends

SATX Stock Data

52.66M
28.93M
53.94%
4.93%
0.12%
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