Builds and sells satellite communications equipment and network solutions, and provides connectivity services to satellite and communications providers, system integrators, and government and defense organizations.
20-F for FY2025, filed Mar 16, 2026
Customers buy equipment, generally paid for at shipment or acceptance, while long-term network projects use milestone payments or advances. Periodic services run over the service term, and time-and-material services are billed as work is done.
20-F for FY2025, filed Mar 16, 2026Revenue from the sale of equipment is recognized at a point in time, when control transfers to the customer, generally upon shipment, or at…View ↗
Revenues from long-term contracts under which the Company provides significant construction to the customer's specifications and networks…View ↗
Under the typical payment terms of the contracts described above, customers pay milestone-based payments or advances. Depending on the…View ↗
20-F for FY2025, filed Mar 16, 2026
FY2025 revenue by product or service ↗$451.7M
20-F for FY2025, filed Mar 16, 2026
$451.7M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Products
Sold outright
20-F for FY2025, filed Mar 16, 2026 |
73%
FY2022: 62%
|
Products, FY2025
$328.2M Sources
|
Sold outright |
|
Services
Recurring
20-F for FY2025, filed Mar 16, 2026 |
27%
FY2022: 38%
|
Services, FY2025
$123.5M Sources
|
Recurring |
Its sales force sells directly, and products also move through integrators and resellers; connectivity, internet access and telephony are provided to end users over company-operated or installed networks.
20-F for FY2025, filed Mar 16, 2026We use both direct and indirect sales channels to market our products, solutions, and services. Our Fixed Networks segment has organized…View ↗
The Company sells its products primarily through its direct sales force and indirectly through system integrators or resellers.View ↗
The Company generates revenues mainly from the sale of products (including networks construction), satellite-based communications networks…View ↗
Yes. It kept 5 cents of every revenue dollar as net income in FY2025 and turned 2 cents into free cash flow.
Growing. Revenue grew 2.1x in 4 years, from $215M in FY2021 to $451.7M in FY2025, about 20% a year.
Expanded in-flight equipment
The latest report adds electronically steered in-flight terminals to the older report's in-flight and on-the-move equipment portfolio.
20-F for FY2022, filed Mar 13, 2023 20-F for FY2025, filed Mar 16, 2026We are a leading global provider of satellite-based broadband communications. We design and manufacture ground-based satellite…View ↗
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