Satixfy Communications Ltd
NYSE American:SATX

  • LAST PRICE
    0.5848
  • TODAY'S CHANGE (%)
    0.0316 (5.7120%)
  • Bid / Lots
    0.5463/ 13
  • Ask / Lots
    0.5636/ 1
  • Open / Previous Close
    0.5626 / 0.5532
  • Day Range
    0.5500
    0.5986
  • 52 Week Range
    0.2768
    1.5700
  • Volume
    50,730

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  • Mar 29, 2024

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    • 8:31AM ET on Friday Mar 29, 2024 by Dow Jones
      Companies Mentioned: SATX
      ------- -------- Loss for the period $(29,715) $(397,789) ======= ======== Other comprehensive income (loss) net of tax: Items that will or may be reclassified to profit or loss: Exchange gain (loss) arising on translation of foreign operations (609) 3,272 ------- -------- Total comprehensive loss for the period $(30,324) $(394,517) ======= ======== Basic and diluted loss per share (in dollars) $ (0.37) $ (13.25) ======= ======== Basic and diluted weighted average common shares outstanding 80,975 30,031 ------- -------- As of December 31, ---------------------- 2023 2022 ------------ -------- In USD thousands ---------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 13,979 $ 11,934 Trade accounts receivable 2,260 1,295 Contract Assets 4,091 5,035 Prepaid expenses and other 2,332 3,648 Government departments and agencies receivables 3,076 6,156 Related Parties 75 157 Derivatives FPA - 12,775 Promissory Notes 20,000 - Inventory 1,475 831 -------- ------- Total current assets 47,288 41,831 -------- ------- NON-CURRENT ASSETS: Other long-term receivables 2,000 - Right-of-use assets, net 2,235 2,794 Property, plant and equipment, net 1,420 1,643 Investment in Jet Talk 1,551 1,777 Long-term deposits 208 203 Derivatives FPA - 28,077 -------- ------- Total non-current assets 7,414 34,494 -------- ------- TOTAL ASSETS $ 54,702 $ 76,325 ======== ======= As of December 31, ------------------------ 2023 2022 ---------- ------------ In USD thousands ------------------------ LIABILITIES AND SHAREHOLDERS' DEFICIT CURRENT LIABILITIES: Trade payables $ 1,378 $ 1,459 Contract Liabilities 1,720 622 ESA advance payments 3,842 5,800 Prepayment from Customer 3,858 3,301 Advanced payments from MDA against future orders 28,138 8,875 Lease liabilities 639 1,021 Other accounts payable and accrued expenses 9,704 7,843 Related Parties 740 408 -------- -------- Total current liabilities 50,019 29,329 -------- -------- NON-CURRENT LIABILITIES: Long-term loans from financial institutions, net 59,792 54,926 Lease liabilities 2,067 2,280 Derivatives Instruments Liabilities 114 20,305 Other long-term liabilities 1,496 1,107 -------- -------- Total non-current liabilities 63,469 78,618 -------- -------- SHAREHOLDERS' DEFICIT: Share Capital - - Share Premium 451, 093 446,488 Capital reserves 1,444 3,498 Accumulated deficit (511,323) (481,608) Total shareholders' deficit (58,786) (31,622) -------- -------- TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 54,702 $ 76,325

    • 8:31AM ET on Friday Mar 29, 2024 by Dow Jones
      Companies Mentioned: SATX

    • 8:31AM ET on Friday Mar 29, 2024 by Business Wire
      Companies Mentioned: SATX

      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.

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