EMEA Markets - Latest Developments
Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January 31, 2020 and updated its fiscal 2020 guidance. The company reported net sales for the second quarter of fiscal 2020 were $161.7 million.
Fiscal 2020 Second Quarter Highlights
The past year saw major traction in the global space sector from both the government and private sectors. As many governments have taken the initiative to use space as an essential asset for the national economy, satellite applications are making inroads in the space market.
In September 2019, Latin America-based Axesat and Germany-based CETel, two leading companies in the provision of satellite communications solutions, announced a merger to form AXESS Networks. Supported by Aksiom Group Limited, a specialist in the development of high growth technical services companies, the new company has a substantial presence in the Americas, Europe, Middle East and Africa.
Telesat today announced its financial results for the three-month and one-year periods ended December 31, 2019. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted. For the year ended December 31, 2019, Telesat reported consolidated revenue of $911 million, an increase of 1% ($8 million) compared to the same period in 2018.
Iridium Communications Inc. (Nasdaq:IRDM) today reported financial results for the fourth quarter of 2019 and issued its full-year 2020 guidance. Net loss was $107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019, as compared to net loss of $7.6 million, or $0.09 per diluted share, for the fourth quarter of 2018.
A diverse and innovative programme of speakers – together with a cross cutting group of companies representing the satellite, cloud, end-user groups and communications industries consisting of over 80 registered companies – characterises the uniqueness of ‘Satellite & The Cloud 2020: Deployments Across the Satellite Driven Value Chain’ conference, which takes place at London’s Leonardo Royal
Intelsat S.A. (NYSE: I), today announced financial results for the three months and full-year ended December 31, 2019. Intelsat reported total revenue of $517.0 million and net loss attributable to Intelsat S.A. of $115.0 million for the three months ended December 31, 2019. For the year ended December 31, 2019, Intelsat reported total revenue of $2,061.5 million and net loss attributable to Intelsat S.A. of $913.6 million.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2019.
Key Financial Highlights:
The National Association of Broadcasters (NAB), organizer of NAB Show, affirmed the 2020 NAB Show is set to take place as planned, April 18 – 22 in Las Vegas. The association is closely monitoring COVID-19, commonly known as coronavirus, and is prepared to devote whatever resources necessary to ensure a safe and productive NAB Show experience.