SatixFy Communications ( (SATX) ) has issued an announcement.
On April 1, 2025, SatixFy Communications Ltd. announced its full-year 2024 financial results, showcasing a significant 92% growth in revenue to $20.6 million, driven by increased demand for its space-grade chips and development services. The company also reported a decrease in operating loss by 45% and a gross profit increase of 157%, reflecting improved financial health. Notably, MDA Space has announced its intention to acquire SatixFy, a move expected to enhance MDA Space’s satellite offerings amid growing demand for digital constellations. This acquisition is anticipated to close in the third quarter of 2025, potentially impacting SatixFy’s market positioning and operational scale.
More about SatixFy Communications
SatixFy Communications Ltd., headquartered in Rehovot, Israel, is a leader in next-generation satellite communication systems, developing end-to-end satellite space and ground communications systems. Their products include satellite multi-beam digital antennas, user terminals, and modems based on in-house developed chipsets, which are optimized for various mobile applications and services.
YTD Price Performance: -32.58%
Average Trading Volume: 216,987
Technical Sentiment Signal: Sell
Current Market Cap: $101.8M
See more data about SATX stock on TipRanks’ Stock Analysis page.