The Ottawa firm said it’s one of the largest orders it has ever received for its fully motorized auto-pointing antenna system, which can be mounted on the roof of vehicles or transportable structures.
Ottawa firm posted revenues of $3 million for the three-month period ending Feb. 28, down from $4.72 million in the first quarter of 2021.
Ottawa company that makes antenna technology for next-generation satellites posted revenues of $9.15 million for the fiscal year ending Nov. 30, 2021, up from $6.46 million a year earlier.
But company sees brighter days ahead as it continues to refine antenna technology for next-generation satellites poised to deliver high-speed internet to the most remote parts of the planet.
Despite facing “headwinds” from the COVID-19-fuelled economic downturn, local firm finished the quarter more than $200,000 in the black.
Ottawa organizations are members of joint Canadian-European program to build “flexible and scalable” antennas that will help transmit data in 5G and high-frequency satellite bands.
After capping fiscal 2018 with its 14th consecutive quarterly profit, Ott
Buoyed by a wave of new orders from the oil and gas industry, Ottawa’s C-COM Satellite Systems more than doubled its profit in fiscal 2018 – the 14th consecutive year the company has fin
C-COM Satellite Systems credited improved market conditions and continued demand from customers for an impressive third quarter that saw the Ottawa firm post $4 million in revenues, up from $2.3 mi
The chief executive of C-COM Satellite Systems says he expects stabilizing oil prices to lead to more orders from the Ottawa tech company’s clients in the oil and gas sector in the coming months.