C-COM Reports Fiscal Year 2022 Results
Residual Income

C-COM Studies Fiscal Yr 2022 Outcomes

C-COM Satellite tv for pc Techniques Inc., (TSXV: CMI) (OTCQB: CYSNF) a number one world supplier of business grade cell auto-deploying satellite tv for pc antenna programs, introduced immediately its monetary outcomes for its fiscal 12 months ended November 30, 2022.

The Firm generated revenues of $11,646,934, up 27% in comparison with 2021’s revenues of $9,151,986. Web revenue was $1,139,655 (3 cents per share) in fiscal 2022, down 20% from 2021’s revenue on account of decreased gross margins and elevated materials prices.

The working capital of the Firm additionally elevated by 3% to $25,336,504 as of November 30, 2022. C-COM’s liquidity was unaffected by the $2,059,445 in dividends paid to shareholders throughout fiscal 2022 (up 2% over 2021).

“Although value pressures hampered our profitability, we have been happy to see a big improve of revenues in 2022, significantly within the US and Asia markets,” stated Leslie Klein, President and CEO of C-COM Satellite tv for pc Techniques Inc.

“C-COM has not been proof against the worldwide inflation pressures and the specter of recession. Geopolitically, the continuing battle in Ukraine has had a adverse influence on our gross sales to the area. Nonetheless, our steadiness sheet is robust, and we’re cautiously optimistic as we transfer ahead,” Klein added.

Dr. Klein offered further commentary: “C-COM continues to make vital R&D investments within the subsequent technology of satellite tv for pc antennas – significantly our revolutionary Electronically Steered Phased Array antenna. The Firm is within the remaining phases of producing of the preliminary 4,000 factor demonstrator unit. This method might be examined for mobility over a stay satellite tv for pc throughout the subsequent few months.”

About C-COM Satellite tv for pc Techniques Inc.

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C-COM Satellite tv for pc Techniques Inc. is a pioneer and world chief within the design, improvement, and manufacture of transportable and cell satellite-based antenna programs. The Firm has developed proprietary, auto-acquisition controller expertise for speedy antenna pointing to a satellite tv for pc with simply the press of a button, enabling Broadband Web by way of Satellite tv for pc throughout a variety of market functions worldwide, together with areas unserved or underserved by terrestrial entry applied sciences.

C-COM has bought greater than 10,000 antenna programs, in over 100 nations, by means of a devoted vendor community that gives service to a variety of vertical markets resembling Oil & Fuel Exploration, Army Communications, Catastrophe Administration, SNG, Emergency Communications, Mobile Backhaul, Telemedicine, Cellular Schooling, Authorities Companies, Cellular Banking, and others. The Firm’s iNetVu® model is synonymous with top quality, reliability, and cost-effectiveness.

C-COM is in late-stage improvement of a revolutionary Ka-band, electronically steerable, flat panel phased array antenna system, in cooperation with the College of Waterloo, with the intent of offering low-cost, high-throughput mobility functions over satellite tv for pc for land, airborne and maritime functions. For extra info please go to www.c-comsat.com.

iNetVu® is a registered trademark of C-COM Satellite tv for pc Techniques Inc.

The Firm is publicly traded on the Canadian Enterprise Trade (TSXV: CMI) and on the US OTC Trade (OTCQB: CYSNF).

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Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.

Ahead-Trying Statements

This information launch comprises forward-looking statements. These statements relate to future occasions or future efficiency and mirror administration’s present expectations and assumptions. Statements about C-COM’s expectations as to its means to climate the challenges it faces, future prospects, progress and income, and statements about its electronically steered phased array antenna, together with the potential for it turn into a commercially out there product are all forward-looking info. A number of elements may trigger precise occasions, efficiency or outcomes to vary materially from the occasions, efficiency and outcomes mentioned within the forward-looking statements. Anticipated advantages of the brand new expertise will not be realized throughout the time frames anticipated or in any respect, and new services will not be launched or, if launched might not acquire market acceptance. Any of these occasions and others may affect future efficiency and C-COM Satellite tv for pc Techniques Inc.’s means to realize the outcomes talked about above. These forward-looking statements are made as of the date hereof and C-COM Satellite tv for pc Techniques Inc. doesn’t assume any obligation to replace or revise them to mirror new occasions or circumstances. Readers are directed to the danger elements related to the enterprise of C-COM Satellite tv for pc Techniques within the firm’s most up-to-date MD&A out there at www.SEDAR.com.


C-COM Satellite tv for pc Techniques Inc.
Tel: (613) 745-4110 ext. 4950
Fax: (613) 745-7144

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/159164

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