C-COM Reports Strong Third Quarter 2025 Results

Executive Summary

• C‑COM Satellite Systems reported Q3 2025 revenue of $1.9 million, a 46% year‑over‑year increase driven by defense and oil & gas demand.
• Net income after tax for the quarter was $155,226, with operating expenses down $148,000 versus the prior year.
• The company highlighted progress on its Ka‑band electronically steered array (ESA) antennas and analog beamforming IC (BFIC) technology, positioning these products for expanded defense and mobility markets.

Key Details

• Revenue: $1.9 million (up 46% YoY from $1.3 million in Q3 2024).
• Geographic Contribution: Approximately $0.9 million (≈50%) derived from sales to customers in the UAE and other Middle Eastern markets.
• Gross Margin: 52%, unchanged from Q3 2024.
• Operating Expenses: Decreased by $148,000 year‑over‑year.
• Net Income (after tax): $155,226 for the quarter.
• Working Capital: $23 million total, including $16 million in cash and cash equivalents.
• Product Updates:
• Ongoing final testing and manufacturing of a Ka‑band, multiorbit, electronically steerable flat‑panel phased array antenna intended for low‑cost, high‑throughput mobility applications across LEO, MEO, and GEO constellations.
• Development of an analog Beamforming Integrated Circuit (BFIC) now in testing phase; slated for integration into all ESA antennas to reduce cost and improve performance, with plans to commercialize the BFIC separately.
• Market Commentary: Strong demand noted from defense sector exhibitions (e.g., MSPO International Defense Industry Exhibition in Poland) and continued growth opportunities in oil & gas, disaster management, telemedicine, and other verticals.

Notable Quotes

“C‑COM continues to strengthen its position as a leading supplier of advanced satellite communications on the Pause antenna systems,” – Dr. Leslie Klein, President & CEO.
“Our new Ka‑band Electronically Steered Array antennas are expected to play a key role in next‑generation land, airborne, and maritime communication systems… These advancements are expected to expand our addressable markets and enhance long‑term shareholder value.” – Dr. Leslie Klein.