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.
C-COM Satellite Systems
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.
New antenna technology will be capable of tracking multiple satellites simultaneously and be more energy efficient and cheaper than current systems.
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