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Stock impact report

SatixFy Announces Nine-Month 2024 Results [Yahoo! Finance]

Telesat Corporation (TSAT) 
Company Research Source: Yahoo! Finance
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 nine month period ended September 30, 2024 and provided recent operational and business updates. Management Commentary Nir Barkan, Chief Executive Officer of SatixFy , commented, "We are very pleased with the strong momentum we have shown in the third quarter, which has continued into the current quarter. Our recent progress has been marked by key agreements that highlight growing traction for our chipsets and strong market demand for our satellite communication solutions. Most importantly, in November 2024, we signed a milestone $39 million contract with Telesat to develop Landing Station Baseband Units for Telesat's Lightspeed Network, solidifying our role as a critical partner to them. Additionally, our collaboration with MDA Space Ltd. continues to strengthen Show less Read more
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