据时空道宇消息，10月13日，时空道宇与哈萨克斯坦卫星数据服务企业SATLAS在中国上海正式签署合 作谅解备忘录。根据协议，SATLAS将成为时空道宇在哈萨克斯坦的重要战略合作伙伴，为吉利星座在 当地的商业落地提供政策与技术支撑。双方将协同推进吉利星座在当地的监管审批、频谱协调及牌照许 可等关键环节，探索在哈萨克斯坦建设卫星地面网关的可行性，并共同制定吉利星座物联网服务在该国 及中亚地区的商业化路线与市场发展战略。 ...

Core Viewpoint - The company has signed a significant procurement contract for satellite and ground systems with Client A, amounting to approximately 990 million RMB (excluding tax), marking a historic high for a single project contract [1] Group 1: Contract Details - The contract was signed on August 29, 2025, and is part of the company's routine business activities [1] - The order value of the contract is approximately 990 million RMB (excluding tax) [1] Group 2: Strategic Implications - This transaction represents a major breakthrough for the company in its international business, as it is the first time the company has undertaken satellite in-orbit delivery services for an international client [1] - Successful execution of this project is expected to enhance the company's international competitiveness and has strategic significance for expanding into overseas markets [1]

Core Viewpoint - The company has signed a significant procurement contract for satellite and ground systems with Client A, amounting to approximately 990 million RMB (excluding tax), marking a historic high for a single project contract [1] Group 1: Contract Details - The contract was signed on August 29, 2025, and is part of the company's routine business activities [1] - This transaction represents a major breakthrough for the company in its international operations, as it is the first time the company has undertaken satellite in-orbit delivery services for an international client [1] Group 2: Strategic Implications - Successful execution of this project is expected to enhance the company's international competitiveness [1] - The contract is strategically significant for expanding the company's presence in overseas markets [1]

Group 1 - A new company, Guangxi Shikong Information Co., Ltd., has been established with a registered capital of 15 million yuan [1] - The legal representative of the company is Pang Yu [1] - The business scope includes satellite navigation services, satellite communication services, big data services, geographic remote sensing information services, satellite remote sensing application system integration, and satellite remote sensing data processing [1] Group 2 - The company is jointly held by Guangxi Beibu Gulf Investment Group Co., Ltd., Guangxi Land and Resources Planning and Design Group Co., Ltd., and Guangxi Beitou Low-altitude Economic Investment Co., Ltd. [1]

Financial Data and Key Metrics Changes - The company generated $66.3 million in revenue for Q1 FY2026, representing approximately 10% year-over-year growth, exceeding expectations [7][21] - Non-GAAP gross margin improved to 59%, up from 55% a year ago [7][24] - Adjusted EBITDA profit was $1.2 million, marking the second consecutive quarter of profitability [7][21] - Positive cash flow from operating activities was $17.3 million, with the first-ever quarter of positive free cash flow at $8 million [8][26] - Remaining performance obligations (RPOs) were approximately $451.9 million, up 262% year-over-year [27] - Backlog increased to approximately $527 million, up 140% year-over-year [27] Business Line Data and Key Metrics Changes - Revenue from the defense and intelligence sector grew over 20% year-over-year, driven by strong performance in core data and solutions [10][21] - Civil government sector revenue was down year-over-year, primarily due to the expiration of the NICFI contract [11][21] - Commercial sector revenue was flat year-over-year, showing signs of stabilization [13][21] Market Data and Key Metrics Changes - Revenue grew more than 30% year-over-year in both EMEA and Asia Pacific regions, while North America and Latin America saw declines [22][21] - The end of period customer count was 919, reflecting a focus on large customers in core verticals [23] Company Strategy and Development Direction - The company aims to deliver integrated global insights via AI-enabled solutions and rapidly expand its satellite services offering [19][31] - A strategic shift towards downstream solutions is being validated with significant customer wins and demand signals [30][31] - The company is positioning itself as a reliable partner amid changing geopolitical landscapes, particularly in defense and intelligence [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the opportunities outweighing risks in the current dynamic environment [8][48] - The company anticipates revenue for Q2 FY2026 to be between $65 million and $67 million, with a full-year revenue expectation of $265 million to $280 million [28][29] - Management highlighted the importance of maintaining a path to sustainable cash flow generation [26][41] Other Important Information - The company is in a growth capital expenditure investment cycle, planning for approximately $50 million to $65 million in capital expenditures for the year [30] - The company is focusing on capital-efficient growth while ensuring high-margin business sustainability [41] Q&A Session Summary Question: Inquiry about AI partnership with Anthropic - Management discussed the partnership with Anthropic, focusing on fine-tuning models on satellite data to improve accuracy [35][36] Question: Free cash flow building blocks and working capital - Management highlighted the variability of working capital due to large contracts and emphasized a path to sustainable free cash flow generation [39][40] Question: Drivers of sequential growth in Q1 - Revenue outperformance was attributed to strong sales team performance, high customer engagement, and progress on the JSAT contract [44][45] Question: Demand in the defense and intelligence sector - Management noted strong demand driven by changing political landscapes and urgency for security solutions [46][48] Question: European Maritime deals and pipeline outlook - Management indicated a strategic shift in Europe driving urgency for maritime domain awareness solutions, with a strong pipeline expected [51][53] Question: NASA budget cuts and potential risks - Management acknowledged uncertainty due to budget cuts but emphasized opportunities for efficiency in government missions [67][68] Question: Gross margin dynamics and future outlook - Management discussed short-term impacts on gross margins due to partnerships and contracts but expects stabilization over the long term [60][62] Question: Government services budget dynamics - Management explained the implications of continuing resolutions (CRs) on contract growth and the need for efficiency in government services [85][86]

Group 1 - The U.S. State Department is urging allies not to use Chinese satellite services, claiming these services may assist the Chinese government in obtaining military information and sensitive intelligence [1][2] - The internal memo emphasizes the need to exclude untrusted satellite suppliers like China to protect national security and user privacy [1][4] - The memo warns that collaboration with Chinese companies operating low Earth orbit (LEO) satellites could help advance China's diplomatic goals and potentially lead to sensitive information being handed over to the Chinese government [1][4] Group 2 - The memo highlights concerns regarding the reliability of U.S. suppliers, acknowledging that companies like SpaceX have the authority to limit or cut off their satellite services at will [2][5] - There are worries among U.S. military officials about the inability to compel SpaceX to continue providing services to allies, as demonstrated by Elon Musk's refusal to extend Starlink services to Ukraine in areas controlled by Russia [2][5] - The document reflects the escalating tensions between the U.S. and China, extending into the space economy, which is projected to generate hundreds of billions in growth and become a new battleground for cybersecurity and military confrontation [4][5]