C-Com Satellite Systems Inc V.CMI

Alternate Symbol(s): CYSNF

Technology Communication Equipment

C-COM Satellite Systems Inc. is a global designer, developer, and manufacturer of transportable and mobile satellite-based antenna systems. It has developed an auto-acquisition controller technology for rapid antenna pointing to a satellite, enabling broadband Internet via satellite across a range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies. It sells more than 10,000 antenna systems in over 100 countries, through a dealer network that provides service to a range of vertical markets, such as oil and gas exploration, military communications, disaster management, SNG, emergency communications, cellular backhaul, telemedicine, mobile education, government services, mobile banking, and others. The Company's brand is iNetVu. It is in late-stage development of a Ka-band, an electronically steerable, modular, conformal, flat panel phased array antenna. It is also engaged in analog beamforming integrated circuit development.

TSXV:CMI - Post by User

C-Com Satellite Systems Inc > YE Results | Cash burn | PAA shipping Q4 | STOP THE DIVIDEND

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Comment by Ciaoon Mar 26, 2024 4:15pm

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Post# 35953924

RE:RE:RE:YE Results | Cash burn | PAA shipping Q4 | STOP THE DIVIDEND

I appreciate your viewpoint. My understanding is that to support rev you need about 20 to 25% of working capital. So at $30M rev, you only need $6 to 8M of working capital and currenlty CMI has about $25M. They should be rolling in solid profits at $30M to support working capital and the dividend. Even at $50M rev, they would only need about $13M in working capital. We'll need to see how this plays out.

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