SatixFy Announces Full Year 2023 Results
SatixFy Communications Ltd. (SATX)
Company Research
Source: Business Wire
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE AMERICAN: SATX), a pioneering force in next-generation satellite communication systems driven by in-house developed chipsets, has released its consolidated financial results for the full year period ended December 31, 2023. The Company has filed its Annual Report on Form 20-F for the year ended December 31, 2023 (the “Annual Report”) with the U.S. Securities and Exchange Commission (“SEC”) and can be accessed on its website at www.SatixFy.com.Financial Highlights for the Full Year 2023Total Revenues: $10.7 million, reflecting a 1% increase compared to $10.6 million in 2022.Gross Profit: $4.8 million, a 22% decrease from $6.1 million in 2022. The decrease in gross profit and margin due to the Company’s engagement in 2023 in projects which carry lower gross margins compared to 2022.Operating Loss: $41.8 million, compared to $22.3 million for 2022. The increase was mainly attributed to hi
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- SatixFy to Participate at the 36th Annual ROTH Conference on March 18, 2024Business Wire
- The NYSE American Accepts SatixFy’s Plan to Regain Compliance with Listing StandardsBusiness Wire
SATX
Sec Filings
- 4/3/24 - Form 144
- 3/29/24 - Form 6-K
- 3/29/24 - Form 20-F
- SATX's page on the SEC website