SatixFy Announces First Half 2024 Results
SatixFy Communications Ltd. (SATX)
Company Research
Source: Business Wire
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, has released its consolidated financial results as of and for the six months ended June 30, 2024.Management CommentaryNir Barkan, Chief Executive Officer of SatixFy, commented, “We are very pleased with the progress we have made in 2024, with a solid increase in revenue and gross profit, driven by shipments of engineering samples of our space-grade Application Specific Integrated Circuits (ASICs). We are on track towards commercialization, which we expect by mid-2025. Strategically during the second quarter, we are proud of our landmark order of over $20 million for our Prime2 Space-Grade Digital Beam Former Chips from a world-leading technology company that is building-out its global low earth orbit (LEO) satellite network. This demonstrates the growing demand for our hig
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SATX
Sec Filings
- 11/6/24 - Form 144
- 11/4/24 - Form 6-K
- 10/23/24 - Form 6-K
- SATX's page on the SEC website