SatixFy CommunicationsSATX
SATX
About: SatixFy Communications Ltd develops end-to-end next-generation satellite communications systems, including satellite payloads, user terminals and modems, based on powerful chipsets that it develops in house. Its products include modems that feature Software Defined Radio and Fully Electronically Steered Multi Beam Antennas that support the advanced communications standard DVB-S2X. Geographical presence in U.S, Canada, UK and Other countries. Majority of its company revenue comes from U.S and Canada.
Employees: 135
0
Funds holding %
of 6,810 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
16% more capital invested
Capital invested by funds: $7.29M [Q2] → $8.42M (+$1.13M) [Q3]
0.61% more ownership
Funds ownership: 13.46% [Q2] → 14.08% (+0.61%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
6% less funds holding
Funds holding: 18 [Q2] → 17 (-1) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2
27%
upside
Avg. target
$2.25
42%
upside
High target
$2.50
58%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Alliance Global Partners Brian Kinstlinger 57% 1-year accuracy 12 / 21 met price target | 58%upside $2.50 | Buy Initiated | 16 Dec 2024 |
Northland Capital Markets Tim Savageaux 69% 1-year accuracy 18 / 26 met price target | 27%upside $2 | Outperform Initiated | 5 Dec 2024 |
Financial journalist opinion
Neutral
Business Wire
3 weeks ago
SatixFy Regains Compliance with NYSE American Continued Listing Standards
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE AMERICAN: SATX), today announced that it has regained compliance with the continued listing standards of the NYSE American LLC (“NYSE American”). On December 16, 2024, SatixFy received written notice from the NYSE American confirming that the Company has resolved the continued listing deficiencies previously referenced in NYSE American's letter, dated November 30, 2023 and set forth in Sections 1003.
Neutral
Business Wire
1 month ago
SatixFy Announces Nine-Month 2024 Results
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, has released its consolidated financial results as of and for the nine month period ended September 30, 2024 and provided recent operational and business updates. Management Commentary Nir Barkan, Chief Executive Officer of SatixFy, commented, “We are very pleased with the strong moment.
Neutral
PRNewsWire
2 months ago
Telesat Signs US$39 Million Contract with SatixFy to Develop and Deliver Landing Station Baseband Units for Telesat Lightspeed Network
OTTAWA, ON and REHOVOT, Israel , Nov. 4, 2024 /PRNewswire/ -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced that SatixFy Communications Ltd. ("SatixFy") (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, will develop and deliver the Landing Station Baseband Units for the upcoming Telesat Lightspeed Network.
Neutral
Business Wire
2 months ago
SatixFy Signs Agreements Worth $10 Million, Including $5 Million in New Agreements and a $5 Million Prepayment Associated With an Existing Contract With MDA Space
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (“SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that it has signed new agreements in aggregate valued at $5 million, alongside an immediate prepayment of a previously announced $5 million associated with an amendment to an existing contract with MDA Space Ltd. (“MDA Space”) (TSX: MDA), a provider of advanced technology and services to.
Neutral
Business Wire
2 months ago
SatixFy Signs $9 Million Software Development and License Agreement with MDA Space for Satellite Payloads
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (“SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that it has signed a software development and license agreement with MDA Space Ltd. (“MDA Space”) (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry. Under the agreement, SatixFy will provide the modem and beamforming softwar.
Neutral
Business Wire
4 months ago
SatixFy Announces First Half 2024 Results
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, has released its consolidated financial results as of and for the six months ended June 30, 2024. Management Commentary Nir Barkan, Chief Executive Officer of SatixFy, commented, “We are very pleased with the progress we have made in 2024, with a solid increase in revenue and gross prof.
Neutral
Business Wire
4 months ago
SatixFy to Participate in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-13, 2024
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, announced today that management will participate virtually at the H.C. Wainwright 26th Annual Global Investment Conference taking place between September 9-13, 2024. Mr. Nir Barkan, SatixFy's CEO, will be presenting to investors. The presentation will be available online from September 9, 2024, both fro.
Neutral
Business Wire
6 months ago
SatixFy Announces a Landmark Order for its Prime2 Space Grade Digital Beam Former Chips of More Than $20 Million
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (“SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced it has secured a significant order from an undisclosed customer. Under the terms of the order, SatixFy will be supplying Prime2 Space-Grade chips and software over the coming five quarters in exchange for payment from the customer to SatixFy of more than $20 million. This is a follow up.
Neutral
Business Wire
7 months ago
SatixFy's CEO to Present at Maxim Group's Virtual TMT Investor Conference on June 5, 2024
REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (“SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that CEO Nir Barkan will participate in a fireside chat discussion at Maxim Group's Virtual Investor Conference on June 5, 2024 at 9:00 am ET. The conference is billed to explore how emerging growth companies are leveraging new technologies such as Artificial Intelligence (AI) to positio.
Neutral
Business Wire
7 months ago
SatixFy Announces First Quarter 2024 Results
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 as of and for the three months ended March 31, 2024. Financial Highlights for the First Quarter of 2024 Total Revenues for the first quarter of 2024 were $1.9 million, a decrease of 20% compared to $2.4 million in the first quar.
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