Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) has reported a drop in quarterly revenues to $69.7 million, compared with $82.7 million in Q4 2017, and a full year 2018 revenues of US$ 266.4 million versus US$ 282.8 million in 2017.
However, Gilat reported continued profitability with quarterly Generally Accepted Accounting Principals (GAAP) operating income increasing to US$ 7.5 million, up 33.1% from Q4 2017, and full year GAAP operating income increasing 96.0% to $21.3 million.
NSR’s Emerging Space Markets Analysis, 2nd Edition (ESMA2) report, released today, tracked over US$ 17.8 Billion invested in Emerging Space companies from 2000-2018 for the more than 600 companies founded over that period. The last 2 years (2018 and 2017 combined) saw tremendous growth with more than US$ 7 Billon+ investment in Emerging Space companies.
Video delivery platform leader SeaChange International (NASDAQ: SEAC) has announced that it has acquired privately-held Xstream A/S, an over-the-top video and TV cloud platform provider based in Copenhagen, Denmark and Warsaw, Poland. SeaChange paid US$ 4.6 million in cash and 541,738 shares of SeaChange common stock, for a total transaction value as of February 6, 2019 of US$ 5.5 million.
Thaicom Public Company Limited (THCOM), Thailand’s first satellite operator, reported a consolidated net profit of US$7.31 million (Baht 230 million), an improvement from last year’s net loss of US$84.26 million (Baht 2,650 million). Thaicom said the recovery can be attributed to the recognition of gain from sales of shares of CS Loxinfo Public Company Limited (CSL), a decrease in depreciation and amortization after the recognition of satellite assets impairment in 2017, and an improved cost management.
CABSAT – the leading specialist event for the broadcast, satellite, digital media and filmed entertainment industries for the Middle East and North Africa – is entering its 25th edition with a fresh, newly evolved format that will bring the full content creation, production, post production satellite, OTT video, e-sports, digital media and entertainment ecosystem to center stage.Taking place at the Dubai World Trade Centre (DWTC), March 12th-14th, CABSAT 2019 will unite the media industry’s creative experts and most sought-after tech s
Ariane 5 placed the geostationary satellite 1/Hellas Sat 4 (HS-4/SGS-1) and GSAT-31 telecommunications satellites into geostationary transfer orbit (GTO), lifting off from the European spaceport in Kourou (French Guiana).
The GVF-EMP Partnership has announced final details of the populated programme for Mobile Connectivity 2019: Air, Sea, Surface, Rail – Evolving the New “New” Verticals taking place on February 27, 2019 at London’s ETC Venues, located at 8 Eastcheap, London EC3M 1AE.
CommScope (NASDAQ: COMM), a global leader in infrastructure solutions for communications networks, has agreed to acquire ARRIS International plc (NASDAQ: ARRS), a global leader in entertainment and communications solutions, in an all-cash transaction for $31.75 per share, or a total purchase price of approximately US$ 7.4 billion, including the repayment of debt.
AVIWEST, a global provider of video contribution systems, announced today that the company saw a 20 percent acceleration in purchase order growth in 2018. AVIWEST also announced it will be expanding across the United States, Europe, and India, with new engineering positions currently open in the company's R&D, support and pre-sales, and sales departments.
Boeing Company [NYSE: BA] has reported fourth-quarter revenue of US$ 28.3 billion and GAAP earnings per share of US$ 5.93 on record commercial deliveries, higher defense and services volume, and strong performance. In the company’s Defense, Space & Security segment, fourth-quarter revenue increased to US$ 6.1 billion driven by increased volume across F/A-18, satellites, and weapons. Fourth-quarter operating margin increased to 10.9 percent, primarily reflecting favorable mix.
