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Star Navigation Systems Group Ltd C.SNA

Alternate Symbol(s):  SNAVF

Star Navigation Systems Group Ltd. is a technology company. The Company is focused on providing aerospace and transportation data services solutions along with hardware and software platforms that assist aviation and other transport related operators worldwide. It manufactures In-flight Safety Monitoring System (STAR-ISMS), an aircraft computer that is at the heart of the Star Airborne Data System (STAR-A.D.S.). The STAR-A.D.S. system has real-time capability with GADSS capability tracking, all aircraft systems performance trends and predicting incident-occurrences, which enhances aviation safety and improves fleet management. In addition, Star Man, Machine, Interface (MMI) Defense Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defense and commercial aviation industries worldwide. STAR-V-TRK system is a small-scale tracking and monitoring system that can be installed on smaller vehicles such as boats, marine, trains and trucks.


CSE:SNA - Post by User

Comment by Newtechfanon Feb 25, 2022 10:45am
181 Views
Post# 34461397

RE:Will the real BL please stand up

RE:Will the real BL please stand upOh boy, you are STILL part of STAR !
‘New management’ indeed: you, same CFO, CEO back from the past of STAR, same ‘Sales team’ that we can see on the AGORA video, from the reading of the financial documents same Engineering…..same old same old. Ah yes, a bandwagon of consultants with on paper brilliant resumes (why did they quit their jobs to come to a company such as STAR?)

Anyway, the proof will be in the pudding. And the next quarter results, coming soon, will show sales levels.  Taking into account the estimated burn rate the last money harvest will not last very long now. With the only available, bad, information when one reads the financials how do you want to raise the level of confidence?

And that is the point: Why does not STAR communicate on what they have on hands? What is happening with the two contracts for ADS they have? I am stuck in my reading to one aircraft operating STAR by each of them (hence the low level of recurring revenues). What about the other aircraft in the fleets? What about Bombardier?

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