An update from Space Com ( (IL:SCC) ) is now available.
Space Com has announced an expansion of its agreement with an international communication client to provide services via the Amos 4 satellite in the Ku frequency band. This expansion, effective from March 2025 for a 36-month period, is expected to generate an additional $1.6 million in revenue. While the financial implications are promising, the company acknowledges potential variability in the realization of these revenues due to external factors beyond its control. This development enhances Space Com’s operations by broadening its service offerings and strengthening its positioning within the satellite communications market.
More about Space Com
Space Com is an entity operating in the satellite communications industry, providing services through its Amos series satellites. The company focuses on delivering communication solutions via satellites such as Amos 3, Amos 4, and Amos 7, catering to international clients seeking reliable satellite communication services.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.86M
For a thorough assessment of SCC stock, go to TipRanks’ Stock Analysis page.