C-Com Reports Third Quarter Results

Financial Performance - C-COM Satellite Systems Inc. reported revenues of $1.3 million for Q3 2024, an increase from $1.2 million in Q3 2023, contributing to year-to-date revenues of $6.5 million, which is $2 million (46%) higher than the same period in 2023 [2] - The company experienced a net loss of $0.1 million in Q3 2024, but year-to-date net income stands at $0.3 million, significantly above last year's performance [2] Cash Flow and Dividends - As of the end of Q3 2024, C-COM generated $2.9 million in cash flow from operations, leading to an increase in liquidity with cash and investments growing by $1.5 million to $17 million [3] - The company paid out $528,206 in dividends during Q3 2024, maintaining its quarterly dividend payout for 50 consecutive quarters [3] Future Developments - C-COM is finalizing the testing and manufacturing of its advanced multi-orbit Ka-band Electronically Steered Antenna System (ESA), which is designed to operate over all satellite constellations (GEO, MEO, LEO) [6] - The new ESA features a modular and scalable architecture, expanding addressable markets for high-speed mobility connectivity across various applications, including military and security needs [6] - The company is also developing an Analog Beamforming Integrated Circuit, expected to enter the testing phase by the end of the year, aimed at reducing costs and improving performance of ESA antennas [9] Market Position - C-COM is a leading global provider of mobile satellite antenna systems, having sold over 10,000 systems in more than 100 countries [8] - The company serves various vertical markets, including Oil & Gas, Military Communications, and Telemedicine, with its iNetVu® brand recognized for quality and reliability [8]