Global Invacom presents FY2023 results with improved margins and strategic focus
The company reports reduced losses and debt while highlighting product developments like XRJ and XRE transceivers, alongside ongoing board changes.
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Satellite communications equipment designer, manufacturer, and provider
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In short: Global Invacom raised $4.8M, expanded distribution and EO ground station partnerships, and won product awards.
The company reports reduced losses and debt while highlighting product developments like XRJ and XRE transceivers, alongside ongoing board changes.
Revenue fell to US$64.4 million, but gross profit rose 18%. New product launches and strategic cost-cutting measures improved financial performance.
The company retains its primary listing on the Singapore Exchange and cites disproportionate costs of dual listings as the reason for delisting.
The company cites supply chain issues and delayed product launches. It is launching an internal operational review to improve efficiency and reduce costs.
Global Invacom Group Limited and eNexus Space Data, a growing EO ground station service provider, have moved into the planned ...
Milexia Satellite & Communication has been appointed by Global Invacom as an official distributor for Europe, bringing the ...
04.09. GLOBAL INVACOM GROUP LIMITED: GENERAL ANNOUNCEMENT::RESULTS OF THE RIGHTS ISSUE; USE OF NET PROCEEDS FROM THE RIGHTS ISSUE 1 SGX Company Announcements 02.09. GLOBAL...
Revenue: US$72.8m (down 12% from FY 2021). Net loss: US$13.2m (down from US$561.0k profit in FY 2021).
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