Finance

Eutelsat announced its latest quarterly results, which showed stability in its video business. For the three months to the end of March, the operator reported revenues of $241.7 million (215.4 million euros) in video, which represented a slight increase quarter-over-quarter. Overall revenues for the quarter reached 378.2 million (337 million euros), up 0.7 percent compared...

Gilat Satellite Networks reported its results for the first quarter ended March 31, in which it saw revenues dip, yet profitability remain strong. Total revenues for Q1 2019 amounted to $62.1 million, compared with $67.4 million for Q1 2018. Adjusted EBITDA for Q1 2019 increased 9.0 percent year over year to $8.2 million, or 13.2 percent...

Cubic revealed that its Cubic Mission Solutions (CMS) business division appointed Martin J. Amen as vice president of strategy and business development for the recently acquired Nuvotronics business. Amen will be responsible for overseeing the Nuvotronics business development team as well as defining and implementing its product line growth strategy to align with CMS’ long-term...

Via Satellite has launched the first three episodes of On Orbit, a new bi-weekly space technology podcast that asks listeners, “What’s your business in space?” Hosted by Via Satellite Executive Editor and SATELLITE Chair Jeffrey Hill, On Orbit is unique from other space-themed podcasts as it doesn’t focus exclusively on space exploration, or the latest space industry news....

Small companies with big ideas touted their ambitious plans at the startup competition held in the exhibit hall of the annual SATELLITE show in Washington, D.C. Tuesday. Judged by four experts from space industry or venture capital competitors, the contest gave each of the competitors five minutes to make their pitch and another five to...

Investment opportunities abound in satellite communications, as excitement around the NewSpace economy builds. But analysts who spoke at SATELLITE 2019’s Monday Morning Finance Forum expressed cautious optimism as they weighed issues such as the buildout of Low Earth Orbit (LEO) constellations, the future of C-Band spectrum allocation and Merger and Acquisition (M&A) activities. Christopher Baugh,...

The Tuesday morning session “Global Satellite Operators: The Future is Now” opened with a futuristic video starring a team of space scientists using 3D computers to — presumably— plan launches and monitor satellites orbiting the Earth.   But whether (and when) this type of utopic vision laid out by operators, satellite providers, and a community...

Inmarsat released its financial results for the three months ended March 31, 2019, in which profits fell by $326 million. According to the release, this was mainly reflecting a change in the unrealized conversion liability on the 2023 Convertible Bond of $297.9 million, as well as costs relating to the recommended offer for the Group of $17...

Intelsat released its financial results for the three months ended March 31, in which it saw revenues dip to $528.4 million, compared to $543.8 million in the same period in 2018. Additionally, Intelsat reported EBITDA gain on early extinguishment of debt, taxes and depreciation and amortization, of $372.8 million and Adjusted EBITDA of $380.3 million, or 72 percent of revenue,...

Robert Lightfoot, a longtime NASA executive who served as both the agency’s acting administrator and highest-ranking civil servant, will join Lockheed Martin Space as vice president, Strategy and Business Development, effective May 6. In his new role, Lightfoot will lead strategic planning, advanced technology concepts, and new business strategy for the corporation’s Space business area....