Satixfy reports FY24 revenue $20.6M, two estimates $18.25M

Nir Barkan, Chief Executive Officer of SatixFy, commented, “We are very pleased with the strong end to 2024, showing significant positive developments in the fourth quarter, marked by key agreements highlighting growing traction for our chipsets and strong market demand for our satellite communication solutions. 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 continued to strengthen, with new agreements signed in the past weeks amounting to a further $10 million in addition to the $10 million in agreements signed in the fourth quarter. Under these orders, we will provide engineering models and space-grade chips for testing purposes as well as assembly into MDA Space satellites. We believe all this continues to build our leadership position in space-grade chipsets for the upcoming generation of communication satellites.”