Management Commentary<\/b><\/p>\n
Nir Barkan, Chief Executive Officer of SatixFy<\/b>, commented, \u201cWe are very pleased with the strong momentum we have shown in the third quarter, which has continued into the current quarter. Our recent progress has been marked by key agreements that highlight growing traction for our chipsets and strong market demand for our satellite communication solutions. Most importantly, in November 2024, we signed a milestone $39 million contract with Telesat to develop Landing Station Baseband Units for Telesat\u2019s Lightspeed Network, solidifying our role as a critical partner to them. Additionally, our collaboration with MDA Space Ltd. continues to strengthen and we signed a number of further agreements with them in October 2024, including a software development and license contract supporting their digital payload systems and new agreements expanding our collaboration on space-grade chips. We believe this further strengthens our market-leadership position in space-grade chipsets for the upcoming generation of communication satellites. Our growing momentum demonstrates the strategic value of our cutting-edge technology to our customers and we believe our success will translate into improved financial metrics over the coming quarters.\u201d<\/p>\n
Guidance for 2024<\/b><\/p>\n
\nDuring the fourth quarter of 2024, the Company signed a number of key agreements and expects to meet certain milestones which will result in a significantly increased level of service revenues in the fourth quarter. As such, the Company currently expects to report full year 2024 revenues of between $17 and $19 million with a gross margin of between 70% and 75%.<\/p>\n
Financial Highlights for the Nine Months of 2024<\/b><\/p>\n About SatixFy<\/b><\/p>\n \nSatixFy develops end-to-end next-generation satellite space and ground communications systems, including satellite multi beam digital antennas, user terminals and modems, based on powerful chipsets that it develops in house.<\/p>\n \nSatixFy\u2019s products include modems that feature Software Defined Radio (SDR) and Fully Electronically Steered Multi Beam Antennas (ESMA) that support the advanced communications standard DVB-S2X. SatixFy\u2019s innovative ASICs improve the overall performance of satellite communications systems, reduce the weight and power requirements of terminals and payloads, and save real estate for gateway equipment. SatixFy\u2019s advanced Very Small Aperture Terminal and multi-beam fully electronically steered antenna arrays are optimized for a variety of mobile applications and services, using low earth orbit, Medium Earth Orbit and Geostationary satellite communications systems, for aero\/in-flight connectivity systems, high-end communications-on-the-move applications, and more.<\/p>\n \nSatixFy is headquartered in Rehovot, Israel with additional offices in the UK, U.S. and Bulgaria.<\/p>\n \nFor more information, please refer to www.SatixFy.com<\/a>.<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nThis press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, SatixFy is using forward looking statements in this press release when it discusses: its expected full year 2024 revenues and gross margin; the growing traction for its chipsets; the market demand and its market-leadership position in space-grade chipsets for the upcoming generation of communication satellites; its growing momentum and belief that the Company\u2019s success will translate into improved financial metrics over the coming quarters.. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among others: the Company’s planned level of revenues and capital expenditures; the Company’s available cash and its ability to obtain additional funding; the Company’s ability to market and sell its products; legal and regulatory developments in the United States and other countries; the Company’s ability to maintain its relationships with suppliers, distributors and other partners; the Company’s ability to maintain or protect the validity of its patents and other intellectual property; political, economic and military instability in the Middle East, specifically in Israel; as well as those factors set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on March 29, 2024, as amended, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov<\/a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n \nSAT-FIN<\/p>\n UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME STATEMENT Nine months ended<\/b><\/p>\n<\/td>\n<\/tr>\n September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n Revenues:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDevelopment services and preproduction<\/p>\n<\/td>\n \n1,666<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,357<\/p>\n<\/td>\n<\/tr>\n \nSale of products<\/p>\n<\/td>\n \n6,841<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,529<\/p>\n<\/td>\n<\/tr>\n \u00a0\u00a0\u00a0\u00a0\u00a0 Total revenues<\/b><\/p>\n<\/td>\n \n8,507<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,886<\/p>\n<\/td>\n<\/tr>\n \u00a0<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Cost of sales and services:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDevelopment services and preproduction<\/p>\n<\/td>\n \n291<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,213<\/p>\n<\/td>\n<\/tr>\n \nSale of products<\/p>\n<\/td>\n \n2,063<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,154<\/p>\n<\/td>\n<\/tr>\n \u00a0\u00a0\u00a0\u00a0\u00a0 Total cost of sales and services<\/b><\/p>\n<\/td>\n \n2,354<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,367<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Gross profit<\/b><\/p>\n<\/td>\n \n6,153<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,519<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nResearch and development expenses, net<\/p>\n<\/td>\n \n21,445<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n25,114<\/p>\n<\/td>\n<\/tr>\n \nSelling and marketing expenses<\/p>\n<\/td>\n \n2,082<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,847<\/p>\n<\/td>\n<\/tr>\n \nGeneral and administrative expenses<\/p>\n<\/td>\n \n5,721<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,614<\/p>\n<\/td>\n<\/tr>\n Loss from operations<\/b><\/p>\n<\/td>\n \n(23,095)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(28,056)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFinance income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n87<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n53<\/p>\n<\/td>\n<\/tr>\n \nFinance expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(11,478)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(31,804)<\/p>\n<\/td>\n<\/tr>\n \nCompany’s share in the loss of a company accounted by equity method, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(28)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(193)<\/p>\n<\/td>\n<\/tr>\n Loss before income taxes<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(34,514)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(60,000)<\/p>\n<\/td>\n<\/tr>\n \nIncome taxes<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0–<\/p>\n<\/td>\n<\/tr>\n Loss for the period<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(34,514)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(60,000)<\/p>\n<\/td>\n<\/tr>\n \u00a0<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Other comprehensive income net of tax:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nItems that will or may be reclassified to profit or loss:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nExchange gain arising on translation of foreign operations<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n317<\/p>\n<\/td>\n<\/tr>\n Total comprehensive loss for the period<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(34,514)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(59,683)<\/p>\n<\/td>\n<\/tr>\n Basic and diluted loss per share (in US dollars)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.41)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.74)<\/p>\n<\/td>\n<\/tr>\n Basic and diluted weighted average ordinary shares outstanding<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n84,135<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n80,732<\/p>\n<\/td>\n<\/tr>\n<\/table>\n SATIXFY COMMUNICATIONS LTD. September 30,<\/b><\/p>\n<\/td>\n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n ASSETS:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n CURRENT ASSETS:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents<\/p>\n<\/td>\n \n6,524<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,979<\/p>\n<\/td>\n<\/tr>\n \nTrade accounts receivable, net<\/p>\n<\/td>\n \n1,423<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,260<\/p>\n<\/td>\n<\/tr>\n \nContract assets<\/p>\n<\/td>\n \n3,357<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,091<\/p>\n<\/td>\n<\/tr>\n \nPrepaid expenses and other<\/p>\n<\/td>\n \n2,621<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,332<\/p>\n<\/td>\n<\/tr>\n \nGovernment departments and agencies receivables<\/p>\n<\/td>\n \n4,525<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,076<\/p>\n<\/td>\n<\/tr>\n \nRelated parties<\/p>\n<\/td>\n \n25<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n75<\/p>\n<\/td>\n<\/tr>\n \nInventory<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,737<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,475<\/p>\n<\/td>\n<\/tr>\n \nPromissory Notes<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n20,000<\/p>\n<\/td>\n<\/tr>\n Total current assets<\/b><\/p>\n<\/td>\n \n20,212<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n47,288<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n NON-CURRENT ASSETS:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRight-of-use assets, net<\/p>\n<\/td>\n \n1,774<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,235<\/p>\n<\/td>\n<\/tr>\n \nProperty and equipment, net<\/p>\n<\/td>\n \n1,943<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,420<\/p>\n<\/td>\n<\/tr>\n \nInvestment in joint venture<\/p>\n<\/td>\n \n1,523<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,551<\/p>\n<\/td>\n<\/tr>\n \nLong term deposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n183<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n208<\/p>\n<\/td>\n<\/tr>\n \nOther long-term receivables<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,000<\/p>\n<\/td>\n<\/tr>\n Total non-current assets<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,423<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,414<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n TOTAL ASSETS<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n25,635<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n54,702<\/p>\n<\/td>\n<\/tr>\n<\/table>\n SATIXFY COMMUNICATIONS LTD. \n\u00a0<\/p>\n September 30,<\/b><\/p>\n<\/td>\n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n 2024<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n LIABILITIES AND SHAREHOLDERS\u2019 DEFICIT:<\/b><\/p>\n<\/td>\n CURRENT LIABILITIES:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTrade payables<\/p>\n<\/td>\n \n1,602<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,378<\/p>\n<\/td>\n<\/tr>\n \nCurrent portion of long-term\u00a0bank loans, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11,486<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n<\/tr>\n \nContract liabilities<\/p>\n<\/td>\n \n4,120<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,720<\/p>\n<\/td>\n<\/tr>\n \nEuropean Space Agency advance payments<\/p>\n<\/td>\n \n2,466<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,842<\/p>\n<\/td>\n<\/tr>\n \nPrepayments from customers<\/p>\n<\/td>\n \n1,395<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,858<\/p>\n<\/td>\n<\/tr>\n \nAdvanced payments from MDA Space and Robotics Limited, an affiliate of MDA Ltd., against future orders<\/p>\n<\/td>\n \u00a0<\/b><\/p>\n<\/td>\n \n30,390<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n28,138<\/p>\n<\/td>\n<\/tr>\n \nLease liabilities<\/p>\n<\/td>\n \n761<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n639<\/p>\n<\/td>\n<\/tr>\n \nOther accounts payable and accrued expenses<\/p>\n<\/td>\n \n4,267<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,704<\/p>\n<\/td>\n<\/tr>\n \nRelated parties<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n435<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n740<\/p>\n<\/td>\n<\/tr>\n Total current liabilities<\/b><\/p>\n<\/td>\n \n56,922<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n50,019<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n NON-CURRENT LIABILITIES:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLoans from financial institutions, net<\/p>\n<\/td>\n \n57,506<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n59,792<\/p>\n<\/td>\n<\/tr>\n \nLease liabilities<\/p>\n<\/td>\n \n1,532<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,067<\/p>\n<\/td>\n<\/tr>\n \nDerivatives instruments liabilities<\/p>\n<\/td>\n \n114<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n114<\/p>\n<\/td>\n<\/tr>\n \nOther long-term liabilities<\/p>\n<\/td>\n \n1,118<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,496<\/p>\n<\/td>\n<\/tr>\n \u00a0<\/b><\/p>\n<\/td>\n \u00a0<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \u00a0Total non-current liabilities<\/b><\/p>\n<\/td>\n \n60,270<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n63,469<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n SHAREHOLDERS\u2019 DEFICIT:<\/b><\/p>\n<\/td>\n \u00a0<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nShare capital<\/p>\n<\/td>\n \u00a0<\/b><\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n<\/tr>\n \nShare premium<\/p>\n<\/td>\n \u00a0<\/b><\/p>\n<\/td>\n \n452,836<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n451, 093<\/p>\n<\/td>\n<\/tr>\n \nCapital reserves<\/p>\n<\/td>\n \u00a0<\/b><\/p>\n<\/td>\n \n1,444<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,444<\/p>\n<\/td>\n<\/tr>\n \nAccumulated deficit<\/p>\n<\/td>\n \u00a0<\/b><\/p>\n<\/td>\n \n(545,837)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(511,323)<\/p>\n<\/td>\n<\/tr>\n \u00a0Total shareholders\u2019 deficit <\/b><\/p>\n<\/td>\n \u00a0<\/b><\/p>\n<\/td>\n \n(91,557)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(58,786)<\/p>\n<\/td>\n<\/tr>\n \u00a0<\/b><\/p>\n<\/td>\n \u00a0<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n TOTAL LIABILITIES AND SHAREHOLDERS\u2019 DEFICIT<\/b><\/p>\n<\/td>\n \u00a0<\/b><\/p>\n<\/td>\n \n25,635<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n54,702<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241209757644\/en\/<\/a><\/span><\/p>\n \nInvestor Contact: \nMedia Contact: KEYWORDS:<\/b> Israel Middle East<\/p>\n INDUSTRY KEYWORDS:<\/b> Semiconductor Technology Satellite Other Technology Telecommunications Software<\/p>\n\n
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(in thousands of USD)
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<\/b>\u00a0<\/p>\n\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
<\/b><\/p>\n
\n
<\/b>UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
\n
<\/b>(in thousands of USD)<\/b><\/p>\n\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n
<\/b>UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
\n
<\/b>(in thousands of USD)<\/b><\/p>\n\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n
\n
Kenny Green & Ehud Helft, EK Global IR, satixfy@ekglobal.com<\/a><\/p>\n
\n
Aviv Sax Nahamoni, info@satixfy.com<\/a><\/p>\n
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<\/td>\n<\/tr>\n