C-Com Satellite Systems (CMI) AI Stock Analysis

• Market Cap: C$37.19M
• Dividend Yield: 1.52%
• Average Volume (3M): 33.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: -46.11%
• EPS Growth: -149.26%
• Country: CA
• Employees: N/A
• Sector: Services
• Sector Strength: N/A
• Industry: Communication Equipment
• EPS (TTM): <0.01
• Shares Outstanding: 42,256,500
• 10 Day Avg. Volume: 7,883
• 30 Day Avg. Volume: 33,681
• PEG Ratio: 2.29
• Price to Book (P/B): 2.31
• Price to Sales (P/S): 6.91
• P/FCF Ratio: 20.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$0.80 ▲(0.00% Upside)

The score is primarily held back by deteriorating TTM profitability and negative/uneven cash flow, partially offset by a strong low-debt balance sheet. Technically, the stock trades below major moving averages with negative MACD, while valuation support is limited by losses (negative P/E) despite a modest dividend yield. A recent positive corporate update on Q3 results and product strategy provides some upside support but is not yet reflected in sustained financial improvement.

Positive Factors

Product Innovation

C-Com's focus on commercializing new ESA antennas and Beamformer chips could enhance its market position by offering advanced communication solutions.

Strong Balance Sheet

A robust balance sheet with low debt and high equity levels provides financial stability and flexibility for strategic investments and operations.

Strategic R&D Investments

Investments in R&D for Ka-band antennas and beamforming circuits position C-Com for future growth in high-throughput mobility applications.

Negative Factors

Declining Revenue

Significant revenue decline impacts financial performance and market competitiveness, necessitating strategic adjustments to regain growth.

Profitability Challenges

Negative profit margins indicate operational inefficiencies, which could hinder long-term profitability and shareholder value.

Cash Flow Concerns

A sharp decline in free cash flow suggests potential liquidity issues, limiting the company's ability to fund operations and growth initiatives.

C-Com Satellite Systems Business Overview & Revenue Model

Company Description

C-Com Satellite Systems Inc. develops and deploys commercial grade mobile auto-deploying satellite-based technology for the delivery of two-way high-speed Internet, VoIP, and video services into vehicles. The company offers iNetVu, a proprietary mobile auto-deploying antenna for the delivery of satellite-based Internet services into vehicles while stationary virtually anywhere one can drive. It also provides driveaway, flyaway, manpack, and fixed motorized antennas. In addition, the company offers accessories, such as powersmart products, beacon receivers, transportable cases, transportable enclosed skids, custom integrations, and satellite system cables as well as controllers. Its products and services deliver solutions for fixed and mobile applications. The company serves governments, militaries, oil and gas companies, broadcasters, emergency responders, hospitals, banks, schools, race teams, mining companies, and other sectors. It operates in Canada, Japan, Europe, the United States, Asia, and internationally. C-Com Satellite Systems Inc. was incorporated in 1997 and is headquartered in Ottawa, Canada.

How the Company Makes Money

C-Com Satellite Systems generates revenue primarily through the sale of its mobile satellite antenna systems. The company's key revenue streams include direct sales to end-users, such as governments, military organizations, and commercial enterprises that require reliable communication solutions in remote or underserved areas. Additionally, C-Com may engage in significant partnerships with satellite service providers and telecommunications companies that integrate its technology into their service offerings. The company might also offer maintenance and support services as an ancillary revenue stream, ensuring that their products remain operational and effective for clients. Factors contributing to C-Com's earnings include the growing demand for remote connectivity solutions and the company's established reputation for quality and innovation in satellite communication technologies.

C-Com Satellite Systems Financial Statement Overview

Summary

C-Com Satellite Systems faces challenges in revenue growth and profitability, as highlighted by negative profit margins and declining revenues. The balance sheet remains robust with low debt levels, but the negative ROE raises concerns about return generation. Cash flow dynamics reveal potential liquidity pressures, despite some ability to convert income to cash. Overall, the company needs to address profitability and cash flow issues to improve financial health.

Income Statement

The company has experienced a decline in revenue and profit margins over the TTM period. Gross Profit Margin stands at 40.76%, indicating some efficiency in managing production costs. However, the Net Profit Margin is negative at -18.52%, highlighting profitability challenges. Revenue has decreased significantly compared to the previous periods, with a TTM Revenue Growth Rate of -24.45%. Additionally, EBIT and EBITDA margins are also negative, at -37.60% and -24.12% respectively, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows moderate strength with a Debt-to-Equity Ratio of 0.06, suggesting low financial leverage. The Equity Ratio is strong at 88.82%, indicating a solid capital structure with high equity levels relative to total assets. However, the Return on Equity is concerning with a negative value of -4.78%, pointing to inefficiencies in generating returns from equity. Overall, the balance sheet indicates stability but highlights potential profitability issues.

Cash Flow

The cash flow statement presents mixed results. Operating Cash Flow to Net Income Ratio is positive at 0.27, indicating some ability to convert net income into cash. However, Free Cash Flow has decreased significantly, with a Free Cash Flow Growth Rate of -88.54%, reflecting potential liquidity concerns. The Free Cash Flow to Net Income Ratio is also positive at 0.27, but the substantial decline in free cash flow warrants attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.57M	7.89M	8.29M	11.65M	9.15M	6.46M
Gross Profit	2.11M	3.77M	5.73M	5.83M	5.49M	3.80M
EBITDA	-1.29M	99.11K	1.58M	1.43M	1.99M	-278.66K
Net Income	-979.56K	-211.47K	1.67M	1.14M	1.42M	-94.56K
Balance Sheet
Total Assets	25.76M	26.56M	26.63M	26.87M	26.34M	23.46M
Cash, Cash Equivalents and Short-Term Investments	15.86M	15.94M	15.44M	18.85M	17.07M	14.86M
Total Debt	1.29M	1.50M	0.00	0.00	0.00	0.00
Total Liabilities	2.55M	3.00M	1.09M	1.65M	1.81M	1.12M
Stockholders Equity	23.21M	23.56M	25.53M	25.22M	24.53M	22.35M
Cash Flow
Free Cash Flow	-476.69K	2.60M	-1.74M	3.09M	2.50M	-231.29K
Operating Cash Flow	-475.46K	2.60M	-1.61M	3.13M	2.51M	-196.17K
Investing Cash Flow	-905.91K	-91.52K	-1.35M	-569.84K	-120.77K	1.75M
Financing Cash Flow	-528.20K	-2.03M	-1.67M	-1.04M	-334.11K	-117.65K

C-Com Satellite Systems Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.80
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CMI, the sentiment is Neutral. The current price of 0.8 is below the 20-day moving average (MA) of 0.83, below the 50-day MA of 0.84, and below the 200-day MA of 0.95, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.32 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CMI.

C-Com Satellite Systems Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
CMI	50 Neutral	C$37.19M	-37.93	-4.10%	1.52%	-46.11%	-149.26%
NVI	44 Neutral	C$2.13M	3.97	―	―	0.73%	―
IMI	41 Neutral	C$22.45M	-11.40	―	―	37.33%	-7.55%
YFI	41 Neutral	C$11.96M	-5.26	―	―	―	-716.67%
BYL	39 Underperform	C$41.21M	-12.11	―	―	―	―

C-Com Satellite Systems Corporate Events

C-COM Satellite Systems Reports Robust Q3 2025 Results and Strategic Advancements

C-COM Satellite Systems Inc. reported a strong financial performance for Q3 2025, with revenues increasing by 46% year-over-year to $1.9 million, driven by demand from the defense and oil and gas sectors. The company is focusing on expanding its market reach with new Ka-band Electronically Steered Array antennas, expected to enhance communication systems across various sectors, and continued investment in ESA and BFIC technologies to increase market opportunities and shareholder value.