Sony Pixel Power calrec Sony

Spacecom shifts to a net profit in the first quarter of 2024:

21/05/2024

BACK TO PRESS RELEASES

Spacecom shifts to a net profit in the first quarter of 2024: 21.05.2024 A net profit of $700,000 for Spacecom in the first quarter of 2024

The improvement in profitability brought the Company to a record EBITDA level as well: $19.9 million in the first quarter

A 9% increase in the revenues of the Amos-17 satellite compared to the corresponding quarter last year, reflecting an annual run rate of approximately $33 million

The Company's order backlog amounts to approximately $180 million, of which $52 million is for the Amos 17 satellite; last month the Company signed contracts worth approximately $8 million and cash flow from current operations in the quarter is approximately $25 million

Towards debt settlement: The international communications company 4iG submitted an updated debt settlement proposal to the court about a week ago, in which agreements were reached with all the bond representatives. 4iG will invest $168 million together with another investor for the benefit of the settlement, with the aim of enabling full repayment of the bonds

Dan Zajicek, CEO of SpaceCom: The first quarter reflects an extension of the improvement trend at Spacecom. The continued implementation of the strategic plan resulted in growth in business activity, while improving operational efficiency, a record in the company's EBITDA and a quarterly net profit of 700,000 dollars. The growth is also reflected in the Company's revenues: in the last four quarters the revenues crossed the 100-million-dollar mark for the first time in a decade. The improvement in 4iG's offer and the entry of a new controlling owner into the Company indicate confidence in the Company, and there is no doubt that the injection of 168 million dollars into the Company will significantly strengthen the financial strength of Spacecom.

The Company continues to lead and develop the strategy of moving to multi-orbit satellite communication (MultiOrbit) and to conduct experiments. It cooperates with leading companies in the field of low-orbit satellites (LEO) communication solutions, which are expected to form a central part of the portfolio. It continues to provide flexible solutions adapted to the changing communication needs of its customers in addition to answering to the needs of the Israeli media in times of emergency, supporting the Company's growth trend.
LINK: https://www.amos-spacecom.com/press/spacecom-shifts-to-a-net-profit-in...
See more stories from amos

Europe Stories

04/08/2024

Dalet Appoints Santiago Solanas as CEO to Lead Next Era of Growth and Innovation

Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....

19/06/2024

Gold gets to know absolutely everything about Absolutely Fabulous

Sweetie darlings... its time to pour some champers, grab your best Gaultier and get ready for three decades of fabulous! Wednesday 19th June 2024 The nations fa...

19/06/2024

Camilo Calls Latest Release, cuatro, An Album Full of Memories'

A self-described tourist of different musical genres, Latin Pop sensation Camilo has quickly become one of Colombia's biggest musical exports in recent year...

19/06/2024

Bestselling Author Kevin Kwan Discusses Musical Inspiration and How Places Can Become Characters Too

Kevin Kwan is one of the most distinguished authors of our time, and has captiva...

19/06/2024

Opinion: How harnessing automation fosters innovation and agility

David Edwards, product manager at Net Insight, looks at ways in which automation drives agility and enables creativity to flourish By Contributor Published: ...

19/06/2024

UK's largest new TV and film studio fully operational

The site also includes workshops, offices and a post production/screening facility By Jenny Priestley Published: June 19, 2024 The site also includes work...

19/06/2024

FOX and The Trade Desk Announce Extensive Advertising Integrations Across FOX Portfolio

FOX and The Trade Desk Announce Extensive Advertising Integrations Across FOX Po...

19/06/2024

Thales signs three agreements with ukrainian industry to strengthen front-line support and local defence capability

Facebook Twitter LinkedIn Thales has signed at Eurosatory three agreements...

18/06/2024

Shaun Seneviratne Syncs With Keith Jenson on Ben and Suzanne

The first feature film from writer-director Shaun Seneviratne, Ben and Suzanne: A Reunion in 4 Parts depicts the struggle between love and duty as Ben (Sathya S...

18/06/2024

Ole Bratt Birkeland, BSC and Chris Dowling on Good Grief

Now streaming on Netflix, Good Grief marks the feature-film directorial debut of Daniel Levy, well known as the co-creator and costar of the series Schitt's...

18/06/2024

David Lanzenberg and Todd McMullen Dive Into Palm Royale

Created by showrunner Abe Sylvia, the Apple TV+ comedic drama Palm Royale navigates the tale of one womans ambitious journey to make it amongst the upper crust,...

18/06/2024

Robert Elswit, ASC: The Cinematography of Ripley

Based on Patricia Highsmith's bestselling Tom Ripley novels, Netflix's eight-episode limited series Ripley stars Andrew Scott as the eponymous antihero,...

18/06/2024

The quay to Downing Street: how dock10 produced the leaders' debates

Playing a part in the democratic process, dock10 was able to work to very tight deadlines to bring the leaders debates to the screen By Matthew Corrigan Publ...

18/06/2024

ARD's Michael Eberhard appointed chair of EBU Technical Committee

The 13 members of the technical committee shape the direction of the work carried out by the EBU's Technology and Innovation department By Jenny Priestley ...

18/06/2024

Technicolor Group's CSR Initiatives: Empowering Communities & Fostering Inclusion, towards an Equitable Future

With a century-long legacy as an industry pioneer of the media &entertainment in...

18/06/2024

The Mill's Creative Triumphs Over the Years

As the creative marketing community gathers in Cannes this week, we're looking back at some of The Mill's most notable Cannes Lions wins. The five-day...

18/06/2024

Telenor Group strengthens and expands its strategic collaboration with AWS to support its sovereign cloud posture

2 minute read Share alt=Alternative descriptive text class=lazyload main ...

18/06/2024

Rohde & Schwarz launches high power RF amplifier for test applications

Rohde & Schwarz launches high power RF amplifier for test applications 13 kW output across broad spectrum Rohde & Schwarz, a global leader in test and meas...

18/06/2024

FOX Announces TIME as its First Publishing Partner on Verify Protocol

FOX Announces TIME as its First Publishing Partner on Verify Protocol Verify Beta to Upgrade to a Dedicated Zero-Knowledge Blockchain Built with Polygon CDK N...

18/06/2024

Comscore and Kochava Partner To Unlock New Insights Tying Cross-Channel Consumer Behavior Directly to Linear TV Campaigns

Comscore and Kochava Partner To Unlock New Insights Tying Cross-Channel Consumer...

18/06/2024

Thales Belgium, WB Electronics and AREX signed an MoU to develop a new remote weapon system equipped with 70mm rockets

Facebook Twitter LinkedIn Leveraging their respective competencies, the th...

18/06/2024

EURENCO and Thales sign a strategic partnership until 2030

Facebook Twitter LinkedIn EUROSATORY, Parc des Expositions Paris-Villepinte, June 18, 2024 - EURENCO and Thales have strengthened their collaboration and ...

18/06/2024

COMBAT CONTENT PIRACY WITH CONFIDENCE: KICKSTART YOUR SECURITY STRATEGY WITH NAGRA MULTI-DRM

In todays digital landscape, content piracy poses a significant threat to busine...

17/06/2024

How Eurosport captures the spectacle of the world's best-known motor race

Capturing the sights, sounds and sensation of the Le Mans 24 Hour motor race places unique demands on the team behind the TV production. Ahead of this year'...

17/06/2024

Meet the executive producer

Phil Delaney, executive producer at UNIT, explains how building a broad skill set has helped his career journey By TVBEurope Staff Published: June 17, 2024 ...

17/06/2024

Annual Analysis Reveals Steady Growth in Industrial Network Market

Annual Analysis Reveals Steady Growth in Industrial Network Market 17 Jun 2024 at 22:00 By Magnus Jansson Technical News HMS Industrial network market ...

17/06/2024

Eurosatory 2024: Rohde & Schwarz introduces sensor fusion - the ultimate solution for powerful and reliable data analysis

Eurosatory 2024: Rohde & Schwarz introduces sensor fusion - the ultimate solutio...

17/06/2024

Rohde & Schwarz leads in device conformance for 3GPP Mission Critical Services, trailblazing migration to broadband

Rohde & Schwarz leads in device conformance for 3GPP Mission Critical Services, ...

17/06/2024

Eutelsat Group confirms participation in latest round of fund-raising by Seraphim Space, the global leader in SpaceTech investment

Press release - 17 June 2024 16:23 Eutelsat Group confirms participation in l...

17/06/2024

Thales supports the Irish Defence Forces, providing more than 6 000 software defined radios

Facebook Twitter LinkedIn The Irish Defence Forces have selected Thales to...

17/06/2024

Thales is quadrupling its ammunition production capacity at its La Fert Saint Aubin site to meet the needs of the French Army

Facebook Twitter LinkedIn After an initial order in 2022 for 3,000 rounds ...

17/06/2024

Thales and CEA partner on trusted generative AI for defence and security

Facebook Twitter LinkedIn Thales and the French Alternative Energies and Atomic Energy Commission (CEA) have signed a new partnership agreement in the fie...

17/06/2024

Thales unveils OpenDRobotics to support a new era of extended collaborative combat enabled by AI

Facebook Twitter LinkedIn Thales is launching OpenDRobotics, a revolutiona...

17/06/2024

Thales unveils new range of tactical wideband High Frequency radios

Facebook Twitter LinkedIn Thaless first resilient high-data-rate High Frequency (HF) radio sets for land theatre command posts are on display on the compa...

16/06/2024

Creating a Mystical Landscape With LEE Filters

I'm a big believer in getting the shot right in camera, says LEE Filters ambassador Jordan Banks. In this video, he guides viewers through his process as h...

16/06/2024

Megabox Adopting New Dolby Vision + Dolby Atmos Offering for Premium Movie Theaters

16 June 2024, 17:35 (PDT) Megabox Adopting New Dolby Vision Dolby Atmos Offer...

14/06/2024

Ready for kick-off: RTL unveils one of most modern studios in Europe' for Euro 2024

Paul Hering, head of studio and field production at RTL Deutschland tells TVBEur...

14/06/2024

Elvis, JFK cinematographers among judges for FilmLight Colour Awards

This years awards include Emerging Talent, which celebrates the work of young colourists (age 18-35) in commercial and music video creation By Jenny Priestley ...

14/06/2024

Meet the product specialist, newsroom solutions

David Cardinale, product specialist, newsroom solutions at CGI tells TVBEurope about the importance of keeping skills up to date in the rapidly evolving media i...

14/06/2024

Telenor Establishes New Cyber Security Company with Nordic Ambitions

6 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Norwegian businesses and pub...

14/06/2024

Eurosatory 2024: Spectrum dominance in all domains - powered by Rohde & Schwarz

Eurosatory 2024: Spectrum dominance in all domains - powered by Rohde & Schwarz Rohde & Schwarz will showcase its solutions and capabilities supporting multi-...

14/06/2024

Generative AI: Friend or Foe of the Media & Entertainment Industry?

Barely a day passes without Generative AI appearing in the headlines. Its role as an emerging technology enjoying mass-market adoption across multiple industri...

14/06/2024

OGE and Arvato Systems extend IT service contract ahead of schedule and expand cooperation

OGE and Arvato Systems Extend It Service Contract Ahead of Schedule and Expand C...

14/06/2024

New coaching line-up for Ireland's Fittest Family revealed

Anna Geary and Sonia O'Sullivan go head-to-head for the first time It's set to be one of the most competitive seasons to date on Ireland's Fittest ...

13/06/2024

Women in Amapiano

From the music studio to the dance challenge, from the lifestyle to the mpahla (slang for fashion), women have played a critical role in shaping and giving dire...

13/06/2024

From Beats to the Streets to the Catwalks: How Amapiano Enabled a Lifestyle

Spend enough time browsing music and entertainment news sites, and you'll find no shortage of articles about Amapiano's decade-long rise from undergroun...

13/06/2024

Piano to the World: Amapiano's Evolution From Underground Movement to Global Sensation

Today Amapiano is everywhere. Some of the world's biggest artists, including...

13/06/2024

Why Amapiano Wins Hearts and Minds as It Travels the Globe

Amapiano is a force to be reckoned with on the global music stage, and this is thanks to its influence on popular culture. Spotify provides a home for Amapiano...

13/06/2024

Amapiano's Origins: Taking Root at Home, Then Spreading Seeds Globally

The sound of Amapiano is like prolonging moments when, in South African townships, the sounds of everyday living merge with the music that forms the bedrock of ...