Welcome to our dedicated page for SATIXFY COMMUNICATIONS news (Ticker: SATX), a resource for investors and traders seeking the latest updates and insights on SATIXFY COMMUNICATIONS stock.
SATIXFY Communications Ltd. (SATX) drives innovation in satellite communications through advanced SDR technology and proprietary chipsets. This news hub provides investors and industry professionals with essential updates on the company’s product developments, strategic partnerships, and operational milestones.
Access real-time announcements covering satellite payload innovations, ground communication systems, and collaborations with global network operators. Our curated feed includes earnings reports, technology launches, and market expansion updates critical for understanding SATIXFY’s role in next-gen connectivity solutions.
Key focus areas include advancements in DVB-S2X-compliant modems, progress on LEO/GEO satellite interoperability, and partnerships enhancing global communications infrastructure. All content is vetted for accuracy and relevance to maintain a trustworthy resource for decision-makers.
Bookmark this page to stay informed about SATIXFY’s contributions to efficient, high-throughput satellite systems and their evolving position in the aerospace technology sector.
Telesat has signed a US$39 million contract with SatixFy for the development and delivery of Landing Station Baseband Units for the Telesat Lightspeed Network. Under the agreement, SatixFy will design and supply Landing Station Baseband systems over a 28-month period, enabling high-speed communication between Telesat Lightspeed LEO satellites and Landing Stations. The contract includes US$5 million already paid to SatixFy in a previous period. The Telesat Lightspeed constellation aims to provide global, high-speed, low-latency broadband connectivity for enterprise and government organizations.
SatixFy Communications (NYSE American: SATX) has announced new agreements worth $10 million, comprising $5 million in new deals and a $5 million prepayment from an existing contract with MDA Space. The arrangement includes a $3 million addition to the original Master Purchase Agreement from October 2023, plus a new Authorization to Proceed agreement worth $2 million. This builds upon their previous $60 million transaction with MDA Space, positioning SatixFy's space-grade chips and software as key components for next-generation digital satellite payloads in LEO and GEO satellite constellations.
SatixFy Communications (NYSE American: SATX) has signed a $9 million software development and license agreement with MDA Space (TSX: MDA) for satellite payloads. The contract includes:
- $6 million for software solution delivery with a license for an existing MDA Space customer
- $3 million for a license to support future customers
- An option for MDA Space to access part of the code for an additional $4 million
SatixFy will provide modem and beamforming software for its chipsets used in digital satellite broadband Low Earth Orbit Constellation payloads. This agreement positions SatixFy as a market leader in space-grade chips and software for next-generation digital satellite payloads.
SatixFy Communications (NYSE American: SATX) has released its financial results for the first half of 2024. Total revenues increased by 7% to $6.1 million, primarily driven by space-grade ASIC engineering sample shipments. Gross profit surged 96% to $4.5 million, with a gross margin of 74%. The company's operating loss improved by 17% to $13.7 million. SatixFy secured a landmark order exceeding $20 million for Prime2 Space-Grade Digital Beam Former Chips from a leading technology company building a global LEO satellite network. The company expects commercialization by mid-2025 and continues to invest heavily in R&D to maintain its competitive edge in satellite communication systems.
SatixFy Communications (NYSE AMERICAN: SATX), a leader in next-generation satellite communication systems, announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-13, 2024. CEO Nir Barkan will present virtually to investors, with the presentation available online from September 9, 2024, on both the conference portal and SatixFy's investor relations website.
Mr. Barkan and Interim CFO Oren Harari will be available for virtual one-on-one meetings with investors throughout the week. Investors can schedule meetings through the conference portal or by emailing SatixFy's investor relations team at satixfy@ekglobal.com.
SatixFy Communications has secured a major order worth over $20 million for its Prime2 Space-Grade Digital Beam Former chips.
The client is undisclosed, and the delivery will span the next five quarters. This follows a previous $4 million order in September 2023. The Prime2 chip, essential for massive MIMO antennas in space, supports both LEO and GEO applications, offering high scalability, flexibility, and performance.
This order highlights SatixFy's role in advancing satellite communication technology.
SatixFy Communications, a leader in satellite communication systems, announced CEO Nir Barkan's participation in Maxim Group's Virtual TMT Investor Conference on June 5, 2024, at 9 am ET. The event will explore how emerging growth companies leverage new technologies like AI. Barkan will discuss SatixFy’s technological advancements, potential market opportunities, and trends in satellite communications. The fireside chat will be streamed live and available for replay.
SatixFy Communications has reported its financial results for the first quarter of 2024, noting a 20% decrease in total revenues to $1.9 million, compared to the same period in 2023. Despite the revenue drop, gross profit rose by 62% to $1.6 million, thanks to lower-cost service delivery. The company reported an operating loss of $7.7 million, primarily due to increased R&D and administrative expenses. R&D expenses surged to $6.8 million, driven by efforts to develop space-grade ASICs. Net loss narrowed to $11.3 million from $32.4 million in Q1 2023. Cash reserves decreased to $10 million from $14 million at the end of 2023.
CEO Nir Barkan highlighted ongoing development and customer sampling of the company's Prime 2.0 and Sx4000 chips, with commercialization expected by Q1 2025. SatixFy aims to capitalize on the growing LEO satellite market, offering products that promise capital expenditure savings and improved communication efficiencies.
SatixFy Communications announced a collaboration with SCOTTY Group, leading to the first order of its Onyx in-flight connectivity (IFC) terminals. The Onyx is a high-performance satellite communications aero terminal designed for small to mid-sized aircraft with advanced digital beam-forming technology and multi-orbit connectivity capabilities. SCOTTY will integrate these terminals into their communication solutions for aircraft, enhancing connectivity in areas previously by terminal sizes. The first installation is expected in the second half of 2024. This partnership aims to meet increasing market demand for reliable high-speed communication solutions in the aviation sector.
FAQ
What is the current stock price of SATIXFY COMMUNICATIONS (SATX)?
What is the market cap of SATIXFY COMMUNICATIONS (SATX)?
