Business
C-COM Reports Fiscal Year 2025 Results
Ottawa, Ontario--(Newsfile Corp. - March 24, 2026) - C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF), a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, announced today its financial results for its fiscal year ended November 30, 2025.The Company reported revenues of $5,783,028 for fiscal 2025, compared to $7,886,850 in 2024, down 26%, reflecting ongoing shifts in the global satellite communications market.C-COM recorded a net loss of $407,550.
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[{"type":"text","content":"Ottawa, Ontario--(Newsfile Corp. - March 24, 2026) - C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF), a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, announced today its financial results for its fiscal year ended November 30, 2025.","length":292,"tagName":"p"},{"type":"text","content":"The Company reported revenues of $5,783,028 for fiscal 2025, compared to $7,886,850 in 2024, down 26%, reflecting ongoing shifts in the global satellite communications market.","length":175,"tagName":"p"},{"type":"text","content":"C-COM recorded a net loss of $407,550 for the year, compared to a net loss of $211,475 in 2024, primarily attributable to lower sales volumes.","length":142,"tagName":"p"},{"type":"text","content":"Despite softer revenues, the Company delivered improved gross margins of 49% in 2025, up from 47% in 2024, underscoring continued success in cost optimization and operational efficiency initiatives. Total expenses were reduced by approximately $0.9 million during the year, further strengthening the Company's financial position.","length":333,"tagName":"p"},{"type":"text","content":""C-COM remains well positioned to navigate the evolving satcom landscape, supported by a strong balance sheet and solid liquidity," said Dr. Leslie Klein, President and CEO of C-COM Satellite Systems Inc. "We are encouraged by increasing sales activity, particularly from the military sector, which reflects growing demand for reliable, high-performance satellite communication solutions."","length":409,"tagName":"p"},{"type":"text","content":""The commercialization of our next-generation Ka-band flat panel multi-orbit antenna and our 8-channel beamformer integrated circuit (BFIC) remains our top strategic priority. Development of both technologies is nearing completion, representing a significant milestone for C-COM as we transition into the rapidly expanding electronically steered antenna (ESA) market," added Dr. Klein.","length":395,"tagName":"p"},{"type":"text","content":"Commercial production of the Company's ESA solutions and BFIC is expected to begin in the fourth quarter of 2026. These innovations are anticipated to open new revenue streams and position C-COM for sustainable long-term growth as global demand for advanced satellite connectivity con...