Strong Revenue and Growth
Total revenue in Q1 2025 was $230.3 million, up 121% year over year and 67% sequentially. Service revenue was $198.6 million, up 43% over the prior year.
Significant Synergy Realization
85% of targeted cost savings from the Satcom Direct merger have been realized, positioning the company for higher than projected cost savings this year.
Positive Market Demand
Significant opportunities in the business aviation and milgov mobility markets, with increasing demand for broadband connectivity.
5G Network Readiness
The 5G tower network is built and ready to go live, with 301 aircraft pre-provisioned for launch, up 29% from the end of 2024.
Strong Cash Flow
Free cash flow was solid at $30 million in Q1 2025, with expectations for strong free cash flows in 2026.