SatixFy’s H1 2024 Financials Show Growth and Promise
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SatixFy Communications (SATX) reported a 7% revenue increase to $21.1 million for H1 2024, with improvements in gross profit and a reduced net loss from the previous year. The company is advancing towards commercialization of space-grade ASICs and received a notable order for its satellite network. Despite an operating loss, the financial results suggest promising product sales and R&D investments, indicating a positive outlook for future growth.
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