Ottawa, Ontario--(Newsfile Corp. - July 15, 2026) - C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF), a leading global provider of commercial-grade, mobile, auto-deploying satellite antenna systems, today announced its financial results for the first six months of fiscal 2026.
Revenue for the first half of fiscal 2026 was $1.7 million, representing a decrease of $0.553 million compared with the same period in fiscal 2025. Demand for the Company's legacy antenna systems continued to be affected by supply chain delays, market uncertainty related to U.S. tariff actions and ongoing conflicts in the Middle East and Ukraine.
Despite the lower sales level, C-COM generated a strong gross margin of 60% in the first half, supported by product sales mix and favorable foreign exchange rates.
Operating expenses remained well controlled during the quarter; however, the reduced sales volume resulted in a net loss of $0.822 million.
Cash flow from operations improved by $0.2 million compared with the first half of fiscal 2025, reflecting positive changes in working capital balances.
"Our balance sheet remains one of the strongest in our industry, allowing C-COM to continue investing aggressively in technologies that we believe will transform the Company over the coming years. While current geopolitical events and trade uncertainties have affected demand for our traditional products, they have not changed our long-term strategy or our confidence in the opportunities ahead," said Dr. Leslie Klein, President and CEO of C-COM Satellite Systems Inc.
Dr. Klein added, "Development of our revolutionary electronically steerable antennas and proprietary beamformer integrated circuits continues to advance according to plan. These products represent a significant technological leap for C-COM and position us to participate in the rapidly expanding multi-orbit satellite communications market."
"We remain on track to achieve several key milestones this year as we advance these new products toward commercialization. C-COM is also well positioned to support countries that have recently announced plans to launch their own LEO/MEO and GEO satellite networks to help mitigate sovereign security risks," concluded Dr. Klein.
About C-COM Satellite Systems Inc.
C-COM Satellite Systems Inc. is a pioneer and a leading global designer, developer, and manufacturer of transportable and mobile satellite-based antenna systems. The Company has developed proprietary, auto-acquisition controller technology for rapid antenna pointing to a satellite with just the press of a button, enabling Broadband Internet via Satellite across a wide range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies.