Finance

Virgin Orbit reported just $5,000 in revenue for the second quarter of 2022, as the company’s most recent launch on July 5 fell on the first day of the third quarter. Virgin Orbit will recognize $12 million in revenue from that launch in its third quarter results. Net loss for the quarter was $33 million....

Breeze Holdings, a publicly traded special purpose acquisition company (SPAC), and D-Orbit, the Italian space logistics company, have canceled their planned merger due to a change in the financial markets. The two companies announced Aug. 12 that they have mutually agreed to terminate their SPAC merger agreement, effective immediately. The deal, originally announced in January...

Anuvu announced a deal on Aug. 11 to acquire Signal Mountain, which provides satcom services to the U.S. government. Anuvu said this acquisition will expand its existing government business. Financial terms of the deal were not disclosed. Signal Mountain provides secure managed satellite, MPLS, and wireless networks for government and commercial customers. The company is...

Rocket Lab grew revenue nearly 400% in the second quarter of 2022 compared to the same time period last year. The company reported record revenue of $55.5 million, representing 36% sequential quarter-on-quarter growth and 392% year-on-year revenue growth. Both Rocket Lab’s Space Systems and Launch business grew during the quarter. Space Systems revenue for the...

Gilat Satellite Networks saw a small revenue increase in the three months to the end of June compared to the same stage last year. This was one of the highlights of its second quarter results issued Aug. 9. Gilat also said that it is forecasting overall revenues in 2022 between $245 to $265 million, representing...

Spire Global reported large growth in the second quarter of 2022, as revenue increased 113% year-over-year to $19.4 million. This topped the high end of the company’s guidance of $19.2 million.  Spire said growth was driven by increased adoption by existing customers and new customer additions, including a new contract with a Fortune 100 company...

Yahsat has seen strong increases in revenues and profits so far in 2022. Yahsat released its latest results on August 9, reporting in the six months to the end of June, it achieved revenues of 755 million Emirati Dirham ($206 million), an 8% increase compared to the same stage last year. The company improved net...

Comtech Telecommunications appointed Chairman Ken Peterman its new president and CEO, succeeding Michael Porcelain, effective immediately. The company announced the change on Aug. 10, less than seven months after Porcelain took the helm of the company.  Porcelain has also resigned from Comtech’s board of directors. Peterman has worked at companies such as Viasat, ITT/Exelis, Collins...

Viasat reported a small increase in overall revenues, but a net loss for the company’s first quarter 2023 results, released Aug. 8. Revenues for the three months was $678 million, a 2% increase compared to the same stage last year. However, the company reported a net loss of $22 million for the period. However, there...

LiveEO, a Berlin-based satellite analytics company, has secured 19 million euros ($19.34 million) in new funding, the company announced Aug. 5. LiveEO’s core product is an infrastructure monitoring suite powered by satellite imagery. The company uses artificial intelligence to analyze Earth observation data, and gives operators of railways, power lines and pipelines actionable information on...