Finance

Telesat reported its latest set of results, in which it saw total revenue remain relatively stable – with an increase in consolidated revenue, but a major dip in net income. Total revenue for the nine months to the end of September was $513 million (CA$671 million), a decrease of about $3 million (CA$4 million) compared...

Viasat achieved revenues of $517.5 million in the three months to the end of September. This represents a year-on-year increase of 31.6 percent, compared to $393.1 million in the same quarter last year – a significant increase. As for its satellite services segment, it achieved revenues of $163 million, representing an increase both year-on-year and sequentially....

Eutelsat released its Q1 2018-2019 results, in which the operator lowered its full-year outlook. Total revenues for the three months until the end of September reached $380.7 million (335.1 million euros), a fall of just under three percent compared to the same stage last year. This dip in revenue is partially attributed to the loss...

Astroscale, a Singapore-based company developing a space debris removal service, secured $50 million of new Series D round funding to clean Low Earth Orbit (LEO). The group of investors was led by INCJ, including funds operated by SBI Investment (SBII) and Mitsubishi Estate. This is the fourth round of funding raised by the company, and...

Orbcomm, a global provider of Machine-to-Machine (M2M) and Internet of Things (IOT) solutions, saw mixed results in its reporting of Q3 2018. The company saw revenues increase from $69.4 million in Q3 2017 to $71 million in Q3 2018 – with service revenues up 10 percent compared to the prior year. The service revenue increase...

Intelsat revealed its latest set of results today, which saw revenues stabilize, but its net losses saw a fairly dramatic increase. This was one of the highlights of its third quarter results, which were issued today. Its revenues for the three months to the end of September was $536.9 million, a slight decrease compared to...

SES saw a significant fall in its net profits for the first nine months of 2018. This was one of the highlights of the company’s results announced Oct. 26. Net profits for this period were just under $346.6 million (304 million euros), which compares to just under $456 million (400 million euros) in the same...

Toronto-based financial services firm RBC Capital raised its price targets on the satellite operator members of the C-Band Alliance after the organization sent an updated proposal to the U.S. Federal Communications Commission (FCC) offering to redeploy an additional 200 MHz of spectrum to support 5G rollout.   RBC Capital raised its target on “preferred play”...

Iridium revealed its financial results for the third quarter of 2018 and updated its full-year 2018 outlook. Net loss was $12.9 million, or $0.13 per diluted share, for the third quarter of 2018, as compared to net income of $29.3 million, or $0.23 per diluted share, for the third quarter of 2017. According to the...

Boeing Defense, Space, and Security third-quarter revenue increased to $5.7 billion. According to the release, this was driven by increased volume across government satellites, KC-46 Tanker, F/A-18 and weapons. Third-quarter operating margin was 4.3 percent, primarily reflecting $691 million of charges related to planned investments in the T-X and MQ-25 programs, and $64 million related...