Dr. Leslie Klein reports

C-COM REPORTS FIRST HALF 2026 RESULTS

C-Com Satellite Systems Inc. has released its financial results for the first six months of fiscal 2026.

Revenue for the first half of fiscal 2026 was $1.7-million, representing a decrease of $553,000 compared with the same period in fiscal 2025. Demand for the company's legacy antenna systems continued to be affected by supply chain delays, market uncertainty related to U.S. tariff actions, and continuing conflicts in the Middle East and Ukraine.

Despite the lower sales level, C-Com generated a strong gross margin of 60 per cent in the first half, supported by product sales mix and favourable foreign exchange rates.

Operating expenses remained well controlled during the quarter; however, the reduced sales volume resulted in a net loss of $822,000.

Cash flow from operations improved by $200,000 compared with the first half of fiscal 2025, reflecting positive changes in working capital balances.

"Our balance sheet remains one of the strongest in our industry, allowing C-Com to continue investing aggressively in technologies that we believe will transform the company over the coming years. While current geopolitical events and trade uncertainties have affected demand for our traditional products, they have not changed our long-term strategy or our confidence in the opportunities ahead," said Dr. Leslie Klein, president and chief executive officer of C-Com Satellite Systems.

Dr. Klein added: "Development of our revolutionary electronically steerable antennas and proprietary beamformer integrated circuits continues to advance according to plan. These products represent a significant technological leap for C-Com and position us to participate in the rapidly expanding multiorbit satellite communications market.

"We remain on track to achieve several key milestones this year as we advance these new products toward commercialization. C-Com is also well positioned to support countries that have recently announced plans to launch their own LEO/MEO and GEO satellite networks to help mitigate sovereign security risks," concluded Dr. Klein.

About C-Com Satellite Systems Inc.

C-Com Satellite Systems is a pioneer and a leading global designer, developer and manufacturer of transportable and mobile satellite-based antenna systems. The company has developed proprietary, auto-acquisition controller technology for rapid antenna pointing to a satellite with just the press of a button, enabling broadband Internet via satellite across a wide range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies.

C-Com has sold more than 11,000 antenna systems, in over 100 countries, through a dedicated dealer network that provides service to a wide 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 iNetVu brand is synonymous with high quality, reliability and cost-effectiveness.

C-Com is nearing completion of the development, manufacturing and satellite testing of its proprietary multiorbit electronically steerable phased-array antenna platform, designed to deliver high performance broadband connectivity across LEO, MEO and GEO satellite constellations. The company believes this technology has the potential to significantly expand its addressable markets across land mobility, maritime and airborne communications.

Another significant project under way at C-Com is the development of an analog beamforming integrated circuit, which is progressing well and is expected to enter testing phase this year. These BFICs will be used in the manufacturing of all the company's ESA antennas with the intent to significantly reduce their cost and improve their performance.

The company is publicly traded on the TSX Venture Exchange and on the OTCQB.

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