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IRDM: 2Q16 Earnings: Strong Fundamentals Clouded by Liquidity Concerns 07/29/2016 20160729 IRDM DeLorme, Garmin, Aireon, FAA, SpaceX, Orbital ATK, FAA, Coface, Thales, Satelles
DGI: 2Q16 Earnings: “Beat and Raise” Propels Stock 16% 08/01/2016 20160801 DGI KACST/TOQNIA, NGA, NRO, DISA, DIA, esri, Uber
August 2016 Satellite & Space Monthly Review 08/03/2016 20160803 Moon Express, SpaceX, Deep Space Industries, Bigelow Aerospace, Planetary Resources, Effective Space, Virgin Galactic, Blue Origin, SpacePharma, Spaceflight Industries, SES, Arianespace, ULA, Orbital ATK
KVHI: 2Q16 Earnings: In-Line Results; Weak Mini-VSAT and Back-Ended Guidance Raise Concerns 08/04/2016 20160804 KVHI Inmarsat
ORBC: 2Q16 Earnings: “Beat and Maintain” Apparently Not Good Enough 10/05/2016 20161005 ORBC Carrier, CIMC, EMSA, EU, Doosan, Hub, Walmart, Inmarsat, AT&T, Verizon, Fleetmatics
SATS: 2Q16 Earnings: Middling Results, But New Capacity on the Horizon 08/15/2016 20160815 SATS DISH, Eutelsat, Telesat, SES, OneWeb, ULA, ViaSat
VSAT: 1Q17 Earnings: A Status Quo Quarter; Waiting on ViaSat-2 08/16/2016 20160816 VSAT Boeing, Ex-Im, Eutelsat, JetBlue, United, Virgin America, El Al, American Airlines, Telesat
Disaster on the Launchpad; Implications for SpaceX and the Industry 09/02/2016 20160902 Spacecom, Xinwei, IAI, Facebook, Eutelsat, EchoStar, Intelsat, Yahsat, Avanti, Iridium, KT Corp., NASA, Aireon, ViaSat, Inmarsat, Arabsat, Telesat, SES
OA: Stratolaunch Back in Play – Second Time’s a Charm? 10/16/2016 20161016 OA Stratolaunch, SpaceX, Aerojet Rocketdyne, Sierra Nevada, NASA, USAF, Virgin Galactic, Rocket Labs
DGI: DigitalGlobe Doubles Down on GEOINT 10/12/2016 20161012 DGI The Radiant Group
DGI: 3Q16: Across-the-Board Growth Drives Another Beat and Raise; Launch Date Confirmed 10/26/2016 20161026 DGI Uber, esri, Microsoft, VRICON, Saab, Radiant, Timbrio, NGA, DIA
IRDM: 3Q16: Iridium Raises 2016 Forecast; Pushes out NEXT Completion Until 2018 due to Launch Delays 10/28/2016 20161028 IRDM DeLorme, Garmin, SpaceX, NASA, DoD, FAA, Aireon, FlightAware, Coface, Komatsu, Caterpillar, Doosan
Intelsat: End of the Slow Bleed? Prices “Stabilizing” with Capacity Growth on the Horizon 11/02/2016 20161102 I Global Eagle Entertainment, Boeing, General Atomics
ORBC: 3Q16: Guidance Lowered on Hardware Hiccup; Record Backlog, Larger Orders Bode Well for 2017? 11/07/2016 20161107 ORBC Doosan, Hub, Walmart, Inmarsat, Global Fishing Watch, Carrier
HRS: Solid 1Q17 Bodes Well for FY17 Outlook, Radio Step-Up Looms as Merger Distractions Fade 11/11/2016 20161111 HRS Caprock, Speedcast, Aireon, General Dynamics, Rockwell Collins,
KVHI: Delayed TACNAV Orders Boost Q3 but Drag Down 2016; Looking Ahead to 2017 for a Breakout Year? 11/29/2016 20161129 KVHI Panasonic, Global Eagle Entertainment
SATS: EchoStar Reports Solid Q3 on Eve of Major Launch Campaign; A 40% Boost for Echo 19 12/05/2016 20161205 SATS DISH, Eutelsat, Telesat, SES, Global Eagle Entertainment, Gogo, Yahsat, Panasonic, Thales, ViaSat, Qest, ThinKom, Astronics,
SATS: Trading Places; Second Time's a Charm? 02/01/2017 20170201 SATS DISH
ORBC: 4Q16 Large Rollouts Portend Upside in 2017 02/03/2017 20170203 ORBC JB Hunt, Hub, Prime, Walmart, CR England, Maerospace, Lloyd's List Group, Carrier, Verizon
HRS: Portfolio Cleanup Done; HRS to Return-to-Growth in FY18 02/07/2017 20170207 HRS SpeedCast, General Dynamics, Rockwell Collins
VSAT: Soft Q3 and Launch Delay Weigh on Stock; ViaSat-3 Outlook Boosted by Stock Offering, Expanded Eutelsat JV 02/14/2017 20170214 VSAT Boeing, Ex-Im, Eutelsat, JetBlue, United, Virgin America, El Al, American Airlines, Telesat
DGI: MDA Considers Dining on DGI 02/22/2017 20170222 DGI MDA, General Dynamics, Harris, Lockheed, BAE, Ball Aerospace, Orbital ATK
DGI: MDA to Acquire DGI for $35 02/24/2017 20170224 DGI MDA
IRDM: A Solid Finish to 2016 and In-Line Guide for 2017; Credit Amendment to Provide Breathing Room Until 1Q19 02/27/2017 20170227 IRDM Garmin, Thales, Boeing, SpaceX
SATS: Prospect Brighten for 2017; Consumer, Aero, Satellite Services Poised to Grow; Good Riddance to Set Top Boxes 03/01/2017 20170301 SATS ViaSat, Gogo, Eutelsat, Yahsat, Panasonic, Qest, ThinKom, Astronics, Global Eagle, Panasonic, Thales, SpaceX, ILS
Intelsat: The OneWeb Merger – A New Lease on Life or a Path Best Avoided? And, Intelsat Just Beat-and-Raised ! 03/14/2017 20170314 I OneWeb, SES, Telesat, ViaSat, SpaceX, Boeing, LeoSat, ProtoStar, XTAR, IPSTAR, Arianespace, SpaceX, Hughes, iDirect, SSTL, SNC, Clyde Space, Tyvak, GomSpace, Virgin Galactic, Blue Origin, Facebook, Google
KVHI: Rolling the Dice on KVH 2.0; A New Mini-VSAT Pricing Strategy and a Big Bet on Autonomous Vehicles 03/29/2017 20170329 KVHI Intelsat, Inmarsat
IRDM: Q1 Results In-Line, Full-Year Guidance Affirmed; Liquidity Picture Set to Improve 05/01/2017 20170501 IRDM Caterpillar, Garmin, Thales, Malaysia Airlines, SITAONAIR, Qatar Airways, FlightAware, Harris, Boeing, Honeywell, Lindsey Manufacturing, Cobham, L3, Rockwell Collins
Intelsat: 1Q17: A Stumble Out the Gate, But Guidance Intact; Epic Delivering the Goods? 05/04/2017 20170504 I Gogo, Panasonic, GEE, Marlink, Speedcast, Kymeta, RigNet, Sonatel, Liquid Telecom, Inmarsat
DGI: 1Q17 Across-the-Board Growth Drives Another Beat and Raise; Launch Date Confirmed 05/05/2017 20170505 DGI MDA, Thales
HRS: Q3 Tops Forecast – Numbers Marching Up; Management Projects a “Return-to-Growth” in FY18 05/08/2017 20170508 HRS Aireon, General Dynamics, Rockwell Collins
ORBC 1Q17 Notches Record Service, Hardware, Subs; Expecting 2017 to be a “Defining Year” 05/10/2017 20170510 ORBC JB Hunt, Pole Star, Weatherdock, Kevadiya, Carrier, CIMC
KVHI: 2017 Off to a Slow Start But Growth Initiatives Showing Early Promise; Orders for TACNAV, mini-VSAT will be Key 05/12/2017 20170512 KVHI Inmarsat
VSAT: 4Q17 Flash Earnings Summary 05/24/2017 20170524 VSAT Iceland Air, Eutelsat, EchoStar
OA: Slow Start to 2017, But Strong Orders/Backlog Support “Affirmed” Outlook 06/01/2017 20170601 OA ULA, Aerojet Rocketdyne, Blue Origin, Vista Outdoor
VSAT: ViaSat-2 Goes Up, But Estimates Likely to Come Down; ViaSat-3 Making Headway but Delayed by a Year 06/07/2017 20170607 VSAT Arianespace, Eutelsat, Finnair, Satellite & Space, EL AL, Hughes, IcelandAir, Boeing, Inmarsat, Intelsat
ORBC: ORBCOMM Acquires inthinc. Another ‘Fixer’ with Attractive Synergy Potential 06/13/2017 20170613 ORBC inthinc
DGI: DigitalGlobe Selects SSL to Build WorldView Legion 07/10/2017 20170710 MDA, Taqina/ KACST, Ball Aerospace, Globalstar, Skybox Imaging, Planet, Harris, Orbital ATK, Lockheed
IRDM: 2Q17 Sees Record M2M Additions, Finalized Credit Agreement, and Top/Bottom Line Beat 07/28/2017 20170728 IRDM Caterpillar, Garmin, SpaceX, Thales Alenia Space, Orbital ATK, SES, Eutelsat, Intelsat, Inmarsat, ORBCOMM, ViaSat, Cobham
DGI: 2Q17 Exiting in Style with Another Strong Quarter; Another Solid “Beat” and Strongest Growth Since 2Q15 07/24/2017 20170724
Intelsat: 2Q17 Guidance Lowered as EpicNG Growth Slows; New Hardware and Services to the Rescue? 07/31/2017 20170731 I OneWeb, Softbank, Kymeta, Orbital ATK, Zieltec Telecom, Etisalat UAE, Marlink
HRS: Top Line Growth Forecast in FY18; Long-Awaited Radio Modernization to Drive Accelerating Growth 08/10/2017 20170810 HRS Motorola, General Dynamics, Rockwell Collins, Orbital ATK, LLL
KVHI: AgilePlans show Early Promise, but TACNAV orders Will Make-or-Break 2017 08/14/2017 20170814 KVHI
ORBC: 2Q17 Another Record Quarter – Too Much of a Good Thing? Customer Rollouts Ding the Bottom Line 08/15/2017 20170815 ORBC JB Hunt, JLG, Oshkosh, SpaceX, SkyWave, Inmarsat, Verizon, Fleetmatics, Sierra Wireless, Numerex, CIMC, Carrier, Globalstar, Iridium
OA: Back on Track, Orbital ATK Beats Q2 Forecast, Raises 2017 Guidance on Record Backlog, Healthy Pipeline 08/21/2017 20170821 OA Aerojet Rocketdyne, OHB, ULA, Blue Origin, Vista Outdoor, Space Systems/Loral
VSAT: 1Q18 Falls Wide of the Mark as ViaSat-2 Schedule Slips, Consumer Losses Mount; Betting on a 2H Recovery 08/23/2017 20170823 VSAT American Airlines, Eutelsat, DISH Network, EchoStar, Alaska Airlines, Gogo, Boeing, Airbus, Virgin America, nbn co ltd.
SATS: 2Q17 Consumer Broadband Back on the Growth Path; Moving Forward with Jupiter 3 08/28/2017 20170828 SATS DISH Network, ViaSat, Intelsat, Telesat, Eutelsat, SES, Inmarsat, Space Systems Loral, StarGroup, Global Eagle Entertainment, Gilat, Thales, Bentley Walker
OA: Northrop Acquisition of Orbital ATK; Chasing Growth in Space Launch, Hypersonics, Missile Defense, and the Orbital Economy 10/02/2017 20171002 OA Boeing, Lockheed, General Dynamics, Raytheon, L3, Harris, United Technologies, ULA, Rockwell Collins, Aerojet Rocketdyne
IRDM: 3Q17 Guidance Raised Following Another Top/Bottom Line Beat; M2M Strength Continues 11/06/2017 20171106 IRDM Garmin, Thales, SpaceX, SES, Intelsat, Eutelsat, Inmarsat, ORBCOMM, ViaSat, Magnitude Space
Classified SpaceX-Zuma Launch Reportedly a Failure; Implications for Iridium? 01/09/2018 20180109 IRDM Iridium, SpaceX, Northrop Grumman
HRS: 2Q18 Communication Systems Drive Revenues Higher, with Tax Reform Fueling Impressive EPS Gains 02/01/2018 20180201 HRS Thales, General Dynamics, Rockwell Collins
January 2018 Satellite & Space Monthly Review 02/05/2018 20180205 Airbus, Ball Aerospace, Boeing, Effective Space Systems, General Atomics, Harris, Intelsat, Lockheed Martin, Miltec, Orbital ATK, RSS Energia, Skybox Imaging, SS/L (Maxar), SES, SSTL, Terran Orbital, Thales Alenia Space, Weintraus
VSAT: 3Q18 Earnings Report 02/13/2018 20180213 VSAT Boeing, JetBlue, United Airlines, Thales, nbn, Hughes
IRDM: 4Q17 Earnings: A Strong Finish to 2017, Raising 2018 EBITDA; Can a ‘Debt Swap’ Retire Liquidity Concerns Once-and-for-All? 02/27/2018 20180227 IRDM Garmin, Harris, Satelles, Thales, SpaceX, NAV CANADA, Hitachi, Komatsu, Honeywell, Eutelsat, Intelsat, SES, ORBCOMM, ViaSat, Hitachi, Doosan, Caterpillar, Cobham
Intelsat: 4Q17 Earnings: Revenue Slide Continues Despite Epic Wins, New Capacity; C-Band ‘Holy Grail’ to the Rescue? 03/05/2018 20180305 I KVHI, SES, Eutelsat, Azercosmos, SKY Perfect JSAT Group, Orbital ATK, Telesat, Dejero Labs
ORBC: 4Q17 Earnings: Revenues and Net Adds Blast Through Records, but EBITDA Falls Short Again, Disappointing Investors 03/09/2018 20180309 ORBC Inmarsat, AT&T, Maerospace, Globalstar, Sanmina, Sierra Nevada Corporation
SATS: 4Q17 Earnings: Broadband Growth Delivers Yet Again; Competition and FSS Challenges on the Horizon? 02/26/2018 20180226 SATS Global Eagle, Gilat, ThinKom, ViaSat, Thales, Telesat, DISH, SES, Oi
KVHI: 4Q17 Earnings: 2017 Investments in AgilePlans, HTS Network, and Photonic Chipset Poised to Deliver Growth in 2018? 03/07/2018 20180307 KVHI Intelsat
IRDM: Posts a Solid First Quarter with Guidance Affirmed and No Showstoppers; Full Steam Ahead? 04/30/2018 20180430 IRDM Garmin, Caterpillar, SpaceX, FlightAware, Thales Alenia Space, Satelles, Harris, Thales, COMSAT
Intelsat: Q1 Boosted by Accounting Change, but Core Trends Remain; Mobility now 12% of Revs, C-band Advances 05/02/2018 20180502 I Euroconsult, SKY Perfect JSAT, Azercosmos OJSC, Arianespace, Leidos, SES, Eutelsat
HRS: Posts Modest 3Q18 Revenue/EPS Beats; Strong Momentum in Tactical Radios, Electronic Systems 05/04/2018 20180504 HRS Thales, Rockwell Collins, L3 Communications, Orbital ATK
ORBC: Delivers Surprise EBITDA ‘Beat’ Propelled by Higher Margins and Sub Growth; 2018 Guidance Affirmed 05/04/2018 20180504 ORBC Inmarsat, AT&T, JB Hunt, Global Fishing Watch, Oceana, Sky Truth, Google, Globalstar
KVHI: 1Q18 Results on Target; Record mini-VSAT Orders/Installs Bode Well for 2H; Double-Digit FOG Growth Continues 05/09/2018 20180509 KVHI Intelsat, BAE
SATS: 1Q18 Revenue Tops Consensus, EBITDA Wounded by Investment Loss; Consumer Revs up $68 M y/y 05/16/2018 20180516 SATS Gogo, Global Eagle, Inmarsat, Loral, ViaSat, StarGroup, Xplornet, OneWeb, mu Space, SES, DISH
IRDM Aireon Investment Brief 05/22/2018 20180522 IRDM NATS, Harris, exactEarth, NAVCANDADA
VSAT: Reports Record Revenues but Slight EBITDA Miss, Govt. Business Saves the Day; ViaSat-2 Ready to Roll 05/30/2018 20180530 VSAT Eutelsat, Arconics, Telebras, Xplornet, EchoStar, Inmarsat, Gogo, Panasonic, Global Eagle
CMTL: Crushes Q3 Consensus EBITDA Forecast, Raises Guidance. Orders/Backlog Suggest More to Come? 06/14/2018 20180614 CMTL ViaSat, Keppler Communications,
EchoStar Bid for Inmarsat – Are the Fireworks Over or Just Beginning? (Hint – It’s all about the spectrum) 07/05/2018 20180705 SATS, ISAT EchoStar, Inmarsat, DISH Network, Gogo, Global Eagle, iDirect, Sprint, SES, THales, Ligado, Yahsat, Thuraya, Eutelsat, Intelsat, Telesat, ViaSat, SKY Perfect JSAT, Mubadala
IRDM: 2Q18 Growth Kicks into High Gear as Voice and Hosted Payloads Add to Accelerating IoT Business 08/06/2018 20180806 IRDM Iridium, Aireon, Garmin, SpaceX, Satelles, Airbus, Caterpillar, Globalstar
Intelsat: 2Q18 Core Results as Expected, With Mobility Growth and Price Declines; C-Band Advances and Capex to Decline 08/07/2018 20180807 I Intelsat, KVH Industries, Vodacom, TELE Greenland, Navarino, SpaceX, Azercosmos OJSC, SKY Perfect JSAT, Northrop Grumman, SES, Eutelsat, Leidos, Telespazio, AT&T
HRS: Forecasts Accelerating Growth in All 3 Segments as Long-Awaited DoD Radios Surge Arrives (Up 35% in FY18) 08/09/2018 20180809 HRS Rockwell Collins, Northrop Gumman, L3,
KVHI: Achieves Record VSAT Orders, Shipments and Installs as AgilePlans Prove Their Mettle 08/13/2018 20180813 KVHI KVH Industries, Intelsat, BAE, Nordic Hamburg, Garmin, Transpetro
ORBC: Delivers Top and Bottom Line Beats on Expanding Base Business, Impressive Net Adds and Growing Margins 08/13/2018 20180813 ORBC Inmarsat, Globalstar, ORBCOMM, Pasha, Codan
SATS: Consumer Broadband Hums Along as FSS Slide Continues; Inmarsat Bid on Hold, But Other Options Possible? 08/17/2018 20180817 SATS ViaSat, EchoStar, DISH Network, Global Eagle, Gogo, Inmarsat, VT iDirect, ConocoPhillips, Thales, Baker Hughes, Oi, Bank Rakyat, NSR, SpaceX, Spirit Airlines, Telesat, SES
VSAT: Healthy Orders and Aero Surge Buried by Profit Whiff and Poor Subscriber Growth; Applying a New Yardstick? 08/21/2018 20180821 VSAT ViaSat, Boeing, American Airlines, EchoStar, Horsebridge Defence and Security, Embraer
CMTL: Exiting FY18 with Record Backlog, Robust Order Book, and Growing Pipeline; FY19 Guide 5% Above Consensus 09/29/2018 20180929 CMTL Comtech, ViaSat
Harris and L3 Technologies Announce Merger of Equals; 1Q19 Earnings Results Top Consensus 10/15/2018 20181015 HRS L3 Technologies
IRDM: Double-Digit Service Growth Contributes to ‘Beat and Raise’; NEXT Constellation Nearing the Finish Line 10/26/2018 20181026 IRDM Aireon, Garmin, SpaceX, Harris, BPI
Intelsat: Core Revenues and EBITDA Still in Reverse as Epic Constellation is Finally Complete; C-Band Scope Widens 11/03/2018 20181103 I APSATCOM, SKY Perfect JSAT, Azercosmos OJSC, Northrop Grumman, SES, Telesat, Eutelsat, Africa Mobile Networks, 21st Century Fox, Rede Amazônica, Grupo Televisia
ORBC: Despite Soft Revenues, EBITDA Tops Consensus by 17%; Raising 2019 Estimates and FCF Forecast to $31 M 11/02/2018 20181102 ORBC Inmarsat, J.B. Hunt, Sanmina, Savi Technology
KVHI: VSAT Shipments Poised to Double in 2018; Targeting ~20% Airtime Growth in 2019 with Expanding Margins 11/07/2018 20181107 KVHI Singtel, BAE
VSAT: Second Quarter Dominated by Aero Terminals & Broadband Revenues; Results Bury Consensus 11/06/2018 20181106 VSAT Aeromexico, La Compagnie, American Airlines, Embraer, Gulfstream, Bentley, Boeing, SpaceX, ULA, EchoStar
SATS: Legacy FSS Woes Undercut Strong Consumer Broadband Growth; $500 Million Buyback to the Rescue 11/10/2018 20181110 SATS DISH, Viasat, Yahsat, Eutelsat, Telesat, Global Eagle, Air France, Airbus,
CMTL: Blowout Q1 Results Send Stock 12% Higher; Guidance Raised 4% With Multiple Large Deals in the Pipeline 12/10/2018 20181210 CMTL Northrop, Harris, Viasat
November 2018 Satellite & Space Monthly Review 12/14/2018 20181214 ArianeGroup, Airbus, Safran, ULA, SpaceX, Blue Origin, Mitsubishi, Northrop Grumman, Maxar Technologies, Vacco, MMA, BCT, MGA, LGA, Astrobotic, Lockheed Martin, Google, Moon Express, Team Indus, Orbit Beyond, Firefly Aerospace, Intuitive Machines, Draper, Deep Space Systems, Masten Space Systems
December 2018 Satellite & Space Monthly Review 01/11/2019 20190111 BA, IRDM, NOC, AJRD, AIR:FP, AMZN, GSAT, IRDM, MSI, SESG:FP, ORBC Aerojet Rocketdyne, Airbus, Amazon, Axiom, Bigelow Aerospace, Blue Origin, Boeing, Firefly, Globalstar, Iridium, Motorola, Northrop, O3b, OneWeb, ORBCOMM, Orion Span, Rocket Lab, SES, Space Adventures, SpaceIL, SpaceX, Stratolaunch, ULA, Vector, Virgin Galactic, Virgin Orbit
HRS: Beats 2Q19 Rev/EPS by Single-Digits, Boosts Margins in All Three Business Units as L3 Merger Approaches 01/30/2019 20190130 HRS Harris, Boeing, Lockheed Martin, General Dynamics
VSAT: Growth Strategy Takes Hold with Q3 Revs up 45% and EBITDA up 93%; Moving Forward with APAC Satellite 02/12/2019 20190212 VSAT United Airlines, Aeromexico, Boeing, Airbus, Apple, Jetblue, Qantas, American Airlines, EchoStar, ULA, SpaceX, OneWeb, Telesat, SES
January 2019 Satellite & Space Monthly Review 02/15/2019 20190215 Airbus, Astranis, AT&T, Boeing, DISH Network, Effective Space, Eutelsat, GapSat, Globalstar, Hughes, IAI, Intelsat, ISS Reshetnev, Lockheed, Maxar, Northrop, OHB Systems, OneWeb, ORBCOMM, Ovzon, Pacific Dataport, Rocket Lab, SES, SSTL, Swarm Technologies, Telesat, Terran Orbital, Thaicom, Thales Alenia Space, Viasat
Intelsat's 4Q18 Revenues and EBITDA Basically Flat; C-Band Shines Ray of Hope Through Cloudy 2019 Guidance 02/26/2019 20190226 I L3 Communications, COMSAT, Satcom Direct, SKY Perfect JSAT, Northrop Grumman, SES, Eutelsat, Telesat, BC Partners, Silver Lake, Telefonica, SADV, Gogo, Omniaccess S.L., AMC Networks, Discovery Inc.,
SATS: Slowing Consumer and a Soft Finish to 2018; Can International Expansion (L. America/India) Juice Growth? 03/01/2019 20190301 SATS Yahsat, Viasat, SES, DISH Network, DirecTV, AT&T
ORBC: 4Q18 Revenue and AEBITDA Miss The Mark as Deliveries Slip and Net Adds Disappoint; Outlook Rosier in 2019 03/05/2019 20190305 ORBC Inmarsat, JB Hunt, AT&T, Blue Tree, inthinc, Swarm Technologies
IRDM: Ends 2018 on a Strong Note; Mountain Cleared; Now Targeting the Planet of Milk and Honey 03/08/2019 20190308 IRDM Aireon, Satelles, Inmarsat, Garmin, Harris, FlightAware, AST , Marlink, Trimble, MetOcean, Rock Seven, CLS, FW Telematics, CAT, Hitachi, Komatsu, Doosan.
KVHI: VSAT Airtime to Grow 20% in 2019 Following ~2x Unit Growth in 2018; Another Investment Year in 2019 = Breakout in 2020? 03/11/2019 20190311 KVHI SKY Perfect JSAT, Inmarsat, Viasat, BAE, Marlink, Speedcast, Global Eagle
CMTL: 2Q19 Estimates Beat and Solacom Acquired, but Troposcatter and BFT-2 Fall Off Radar 03/12/2019 20190312 CMTL Solacom Technologies, Viasat
IRDM: 2019 Off to a Strong Start – IoT Strength Continues, DoD Contract Imminent, and Aireon/FAA Deal Pending? 04/26/2019 20190426 IRDM Aireon, Harris, Satelles, Garmin, Flight Safety Foundation, Thales, Azul, SITAONAIR, FlightAware, Icom, QINETIQ
Intelsat: Double Trouble as Intelsat Whiffs Q1 Results and an Epic Satellite Fails; Lowering 2019/2020 Estimates 05/03/2019 20190503 I SES, AXA XL Insurance, Satcom Direct, L3 Communications, COMSAT, Dejero Labs, KVH Industries, Global Eagle Entertainment, Gogo, American Airlines, Viasat, Ovzon AB
ORBC: Reports In-Line Q1 and Affirms Guidance; ELD Rollouts and Large Deals Make for a Busy Second Half 05/10/2019 20190510 ORBC AT&T, JB Hunt, Maersk, AAC Microtec, Inmarsat
SATS: Consumer Broadband up ~13% as Growth Shifts to Int’l; Multiple JVs/Partnerships Expand JUPITER’s Reach 05/15/2019 20190515 SATS Yahsat, Eutelsat, Viasat, Telesat, DISH, PSN, Altegro Group, Facebook, Speedcast, SSL, Maxar, RigNet,
KVHI: Sale of Videotel Signals “All-In” Bet on VSAT Strategy and Autonomous Vehicles; Post-Sale Trading at ~8x EBITDA 05/20/2019 20190520 KVHI Oakley Capital, Seagull, Intelsat, SKY Perfect JSAT, Viasat, BAE
SATS: EchoStar to Spin-Off Broadcast Satellites to DISH. Time to Reclaim the Hughes Moniker? 05/22/2019 20190522 SATS DISH Network, Viasat
VSAT: Strong Finish to FY19 Positions Viasat for Pivotal Investment Year in FY20. A 31% EBITDA CAGR? 06/18/2019 20190618 VSAT American Airlines, Xplornet, DISH, Telebras, Visontec, Ruralweb, Apple, EchoStar, OneWeb, Telesat, SES
CMTL: Record Orders/Backlog Boost FY19 Outlook; Govt. Leads Outperformance, But Flip to Commercial in FY20? 06/21/2019 20190621 CMTL General Dynamics, AT&T, Verizon
Sector Spotlight: 2019 Midyear Launch Review 07/16/2019 20190716 Firefly, mu Space, OneWeb, Relativity, Rocket Lab, Spaceflight, Telesat, Vector, Virgin Orbit, Generation Orbit, Northrop Grumman Innovation Systems, Stratolaunch, Zero 2 Infinity, Almatech, Amorim Cork Composites, Arianespace, Blue Origin, CALT, CFS Engineering, Elecnor Deimos, LinkSpace, MT Aerospace, PLD Space, S7 Space, SpaceX, ULA
IRDM: IoT Growth Steams Ahead, but Certus Already Surprising to the Upside; Raising Estimates Above Guidance 07/29/2019 20190729 IRDM Garmin, Inmarsat, Thales, SpaceX, AAI, EASA, Satelles, DeLorme, Cobham, Lars Thrane, Icom, QINETIQ,
Intelsat: Mobility Revenues up Despite 29e Loss; Govt Outlook Improving and C-Band On-Track for 2H Final Order 08/02/2019 20190802 I AXA XL Insurance, Northrop, Astranis, Maxar, Terran Orbital, Ovzon, Pacific Dataport, GapSat, Dejero Labs
ORBC: Stock Tumbles 25% Following 2H “Guide Down;” Will the Move to Higher ARPU Solutions Kick Start Growth? 08/02/2019 20190802 ORBC JB Hunt, AT&T, Maersk, Inmarsat, PIT Group, McNeil & Co,
2Q 2019 Satellite & Space Market Monitor 08/14/2019 20190814
KVHI: Guides 2019 Lower Following Soft Q2 Results; Plenty of Irons in the Fire but Visibility Still Lacking 08/14/2019 20190814 KVHI Intelsat, Oakley Capital, Viasat, Kongsberg, May Mobility, BAE
July 2019 Satellite & Space Market Monitor 08/01/2019 20190801
June 2019 Satellite & Space Market Monitor 07/01/2019 20190701
May 2019 Satellite & Space Market Monitor 06/01/2019 20190601
April 2019 Satellite & Space Market Monitor 05/01/2019 20190501
March 2019 Satellite & Space Market Monitor 04/01/2019 20190401
February 2019 Satellite & Space Market Monitor 03/01/2019 20190301
January 2019 Satellite & Space Market Monitor 02/01/2019 20190201
SATS: International Growth, One-Time Charges Weigh on Q2 Results; Double-Digit Consumer Growth Continues 08/16/2019 20190816 SATS DISH, Viasat, Telesat, Eutelsat, Yahsat, PSN, L3Harris
VSAT: Aero Growth Engine Slows, But Govt Impresses; New Aero Orders Remain Imperative 08/20/2019 20190820 VSAT Viasat, American Airlines, United Airlines, JetBlue, China Satcom, Boeing, EchoStar, OneWeb, Telesat, SpaceX, SES
August 2019 Satellite & Space Market Monitor 09/05/2019 20190905
IRDM: DoD Contract Renews at $739 Million Over 7-Years 09/16/2019 20190916 IRDM
CMTL: Stock Pops 17% on Higher FY20 Guidance; Focus Shifts From Internal Reorg to R&D and Acquisitions 10/02/2019 20191002 CMTL Verizon, General Dynamics, Raytheon
SATS: Updating Estimates to Reflect ESS Spin-Off 10/03/2019 20191003 SATS Dish Corporation
The LEO Broadband Report, Part 1 11/04/2019 20191104 Airbus, Alcatel, Alcatel, , Amazon, Astrium, Boeing, Boeing, Celestri,, Google,, Hughes, Intelsat, Kelly Space, Kistler Aerospace, Loral, Lockheed, Motorola, Motorola, M-Star, O3b Networks, OneWeb, Orbital Sciences, Qualcomm, Rotary Rocket, SES, SkyBridge, Softbank, SpaceX, Starsem, Teledesic, Telesat, Thales Alenia Space, TRW, Virgin Group
3Q 2019 Satellite & Space Market Monitor 11/05/2019 20191105
September 2019 Satellite & Space Market Monitor 10/01/2019 20191001
IRDM: IRDM Transitions to Positive Free Cash Flow; Certus Slow(er) Roll But New Products/Services Gaining Steam 11/06/2019 20191106 IRDM Iridium, Garmin, Aireon, Satelles, Amazon Web Services, AWS, OneWeb
Intelsat: Middling Q3 Results Overshadowed by Expanded 300 MHz CBA Offer; December 12 Looms Large 11/08/2019 20191108 I
KVH: VSAT Remains on Track (up 11%); FOG/TACNAV Poised to Rebound as Backlog Hits 5-Yr High 11/12/2019 20191112 KVHI Collins Aerospace, Kongsberg, BAE
ORBC: Stock Down Following 2019 “Guide Down;” Are the Pieces in Place for a 2020 Recovery? 11/17/2019 20191117 ORBC AT&T, Carrier, JB Hunt, Savi, AAC Clyde, Walmart, Inmarsat
SATS: A Clean(er) Story Post-BSS Spin; Hughes Consumer Growth Shifts Overseas as Enterprise Momentum Builds 11/22/2019 20191122 SATS Yahsat, Helios Wire, DISH Network, Facebook, Optus, Algerie Telecom, CIGNAL TV, Axesat, Intersat, Bharti Airtel, AAC Clyde, Viasat
VSAT: Aero Regains Altitude with New Orders and Record Revenues; Consumer ARPUs Defy Gravity, Up 17%, But Spending to Rise 11/22/2019 20191122 VSAT Azul Airlines, Telebras, American Airlines, El Al Israel Airlines, SAS, Boeing, Echostar, OneWeb, Telesat, SpaceX, SES
October 2019 Satellite & Space Market Monitor 11/01/2019 20191101
November 2019 Satellite & Space Market Monitor 12/10/2019 20191210
CMTL: Q1 EBITDA Tops Consensus by 10%; Commercial Revs Surge 21% as Recent Acquisitions Pay Dividends 12/09/2019 20191209 CMTL Echostar, Comcast, Cubic Corporation
Intelsat: C-Band Public Auction- Path Forward and Implications 12/22/2019 20191222 I SES, Eutelsat
MAXR: Maxar Exits MDA. The Second Coming of DigitalGlobe? 01/02/2020 20200102 MAXR Northern Private Capital, Leonardo, Thales, Telesat, Spruce Point
December 2019 Satellite & Space Market Monitor 01/03/2020 20200103
LEO Broadband Report Part II: LEO Systems Analysis 02/04/2020 20200204
Intelsat: FCC Unveils its Proposed C-band Order; Implications for Intelsat 02/09/2020 20200209 I SES, Eutelsat, Telesat, Star One
January 2020 Satellite & Space Market Monitor 02/01/2020 20200201
VSAT: Solid Results but Souring Perceptions? Multiple Hits a 4-Year Low as Investors Fret Over Growth, Competition, Leverage 02/14/2020 20200214 VSAT American Airlines, Telebras, Boeing, SES, Eutelsat, EchoStar, SpaceX, OneWeb, Telesat, FuboTV
4Q 2019 Satellite & Space Market Monitor 02/20/2020 20200220
CMTL: Comtech to Acquire Gilat for ~$533 Million 02/21/2020 20200221 GILT UHP Networks, ST Engineering iDirect, Newtec, Gogo
Intelsat: 2019 Ends on a Strong Note, Led by Mobility; Epic 2.0 Plan Taking Shape; C-band Order Pending 02/26/2020 20200226 I Maxar, BlackSky
SATS: Strong Q4 Finish Aided by Equipment Sales to OneWeb; International Shift Accelerates as US Consumer Slows 02/28/2020 20200228 SATS DISH, Yahsat, OneWeb, Bharti Airtel, Speedcast, Helios Wire, Tyvak Nano, Viasat
Government Sector Update: EO & GEOINT 03/04/2020 20200304 Planet, Spire, Airbus, Iceye, Black Sky, Satellogic, Capella, Kleos Space, HawkEye360, PlanetiQ, GeoOptics, Umbra Lab, Ball Aerospace, IAI, Deimos Elecnor, Northrop Grumman, Maxar, Thales, SSTL, L3Harris, LEO Stella, ISIS, Terran Orbital, Adcole Maryland, OHB, Lockheed Martin
IRDM: Building Blocks in Place, 2020 is the Year to Execute; Single-Digit Growth is OK, but >2x Growth in FCF is Better 03/03/2020 20200303 IRDM Inmarsat, Amazon, L3Harris, Track24, Somewear Labs, Garmin, COMSAT
February 2020 Satellite & Space Market Monitor 03/06/2020 20200306
ORBC: An Encouraging Finish to 2019, But Guidance Lowered on Coronavirus Impact; Service Revenues to Grow 2-4% 03/09/2020 20200309 ORBC JB Hunt, AT&T, Carrier, Thermo King, Caterpillar, Hitachi, Doosan, Savi, Kroger, Autobus Oberbayern
KVHI: AgilePlans Cash Flow Positive but Churn Risks Elevated as Economy Slows; “Significant” TACNAV Growth in 2020 03/13/2020 20200313 KVHI Lockheed Martin, Viasat, Inmarsat, Intelsat, JSAT, Iridium, Marlink, Speedcast, Network Innovations, Global Eagle, Isotropic Networks, Kongsberg, BAE, Collins Aerospace
Sector Spotlight: Sizing COVID-19's Impact on the Space Industry 03/18/2020 20200318 VSAT, CCL, RCL, MAXR, I, IRDM, ORBC, GSAT, SATS, ENT, RNET, KVHI, AJRD Viasat, WildBlue, Carnival, Royal Caribbean, Maxar, Airbus, BlackSky Global, ISI, Orbital Insight, Planet, Intelsat, Eutelsat, SES, Iridium, Telesat, ORBCOMM, Globalstar, Inmarsat, EchoStar, Marlink, Speedcast, Global Eagle, RigNet, KVH, Gogo, Satcom Direct, Aerojet
Industry Brief: OneWeb Hits BK – What Next? 03/30/2020 20200330 OneWeb, SpaceX, Telesat, Amazon, OneWeb Satellites, Airbus
Sector Spotlight: OneWeb BK Deep Dive; Where Will the Chips Land? 04/06/2020 20200406 OneWeb, SoftBank, WeWork, Grupo Salinas, Qualcomm, Amazon, SpaceX, Telesat, Globalstar, Iridium, ORBCOMM, Teledesic, Skybridge, Airbus, Alcatel, Google, Worldview, ICO Global, ManSat, Apple, Facebook, Lockheed, L3Harris, Northrop, Intelsat, SES, Eutelsat, Yahsat, Astroscale, Maxar, Airbus, Vieco, EchoStar, Intelsat, MDA, Servicios Tplay, Coca Cola, Arianespace, Deloitte Touché, Hughes, Wipro
March 2020 Satellite & Space Market Monitor 04/01/2020 20200401
Sector Spotlight: Recession Impact on Venture Space Ecosystem 04/20/2020 20200420 AAC Clyde, Airbus Ventures, Amazon, AST & Science, Astra , Astranis, Astroscale, BCT, Boeing HorizonX, BST, Capella Space, Eutropia, Gom, Iceye, In-Q-Tel, ISISpace, Ispace Technologies, Kineis, Kleos, Kymeta, Leosat, LMVC, Lynk, Mapbox, OneWeb, Orbital Insight, Orbital Insight, Planet, Reaction Engines, Relativity Space, Rocket Lab, Rocket Lab, Satellogic, Seraphim, Sklo Technologies, Skybox Imaging, Space Capital, Spaceflight, SpaceX, Spinlaunch, Spire, Synspective, Synspective, Tarana, Telesat, Terran Orbital
Q1 2020 Satellite & Space Market Monitor 04/23/2020 20200423
Industry Brief: Analysis of Speedcast’s Chapter 11 Filing and Future 04/27/2020 20200427 AsiaSat, CapRock, UltiSat, Globecomm, L3Harris, ITC Global, CapRock, Intelsat, Inmarsat, SES, Cobham, Intellian, Eutelsat, McKinsey, APT Satellite, Telesat
IRDM: Affirms Growth and Deleveraging in 2020 Despite Pandemic; Certus Broadband up 28% in Q1 05/05/2020 20200505 IRDM L3Harris, Garmin, COMSAT
April 2020 Satellite & Space Market Monitor 05/04/2020 20200504
ORBC: COVID-Impacted But Still Trucking Onward; Near-Term Headwinds a Catalyst for Long-Term IoT Adoption? 05/07/2020 20200507 ORBC Sanmina, Inmarsat, AT&T, Carrier,
KVHI: VSAT Revenues up 5% With No Uptick in AgilePlan Churn; Sizable Cash Reserves Support Ongoing Investment 05/11/2020 20200511 KVHI Speedcast, BAE, Collins Aerospace,
Industry Brief: OneWeb Bankruptcy Takes a Curious Turn 05/17/2020 20200517 OneWeb, Softbank, Camazon, Cerberus, Eutelsat, SpaceX,
SATS: Broadband Demand Spikes on COVID-19 Lockdown, But Limited Capacity Until Jupiter-3 in 2022? 05/15/2020 20200515 SATS OneWeb, Maxar, Dish Network, Yahsat, Bharti Airtel, Speedcast, Viasat, Helios Wire
Industry Brief: Peering through the Looking Glass: Intelsat's Post-Bankruptcy Future 05/20/2020 20200520 I OneWeb, Softbank, Intel, SES
Satcom Quarterly Briefing - Q1 2020 05/27/2020 20200527 Intelsat, Speedcast, OneWeb, SpaceX, Amazon, Telesat, Global Eagle, Panasonic, Thales, Gogo, SAS Global, Marlink, Inmarsat, Viasat, Eutelsat, SES, Echostar, Hispasat, Avanti, AT&T, Astranis, ISRO, Bulsatcom, Arabsat, Yahsat, Es’hailSat, Gazprom, Spacecom, Nilesat, Turksat, PT Telkom Indonesia, KT Sat, AsiaSat, B-Sat, KT Sat Sky Perfect JSAT, APT Satellite, PT PSN, Measat, GapSat, Ovzon AB, New York Broadband, RigNet, Sitaonair, CNN, ESPN, Fox, NBC, KVH, Maxar
VSAT: Steady Govt and Consumer Demand Mitigate Impact of Recent Aviation Apocalypse; And a LEO Strategy Pivot? 06/05/2020 20200605 VSAT Amazon, OneWeb, SpaceX, EchoStar, OneWeb
May 2020 Satellite & Space Market Monitor 06/01/2020 20200601
Sector Spotlight: From EnhancedView to CSPO RFP and Beyond - Who Will Take the NRO’s $300+ M Annual Prize? 06/16/2020 20200616 Maxar, Planet, BlackSky, Airbus, ISI, SI Imaging, Ball, Boeing, General Atomics, Lockheed, L3Harris, Northrop, Raytheon
Bring out the Legion: Maxar Marching Into a New Era of Growth and Deleveraging 06/25/2020 20200625 MAXR Maxar, Northern Private Capital, Vricon, DigitalGlobe, SS/L, Ball Aerospace, MDA, Northrop Grumman, Orbital ATK, Lockheed Martin, L3Harris, Raytheon, Aerojet, Avio, OHB, CACI, Leidos, Mantech, SAIC, Hexagon, HIS, Verisk, Airbus, The Radiant Group, Descartes Lab, Mapbox, Orbital Insight, Earthwatch, GBDX, Saab, Esri, HERE, SpaceX, Planet/Skybox Imaging, Telesat, Orbimage, Space Imaging, BlackSky, Boeing, General Atomics, ISI, SI Imaging, Satellogic, KAI, Thales, Astranis, Tyvak, Saturn, OneWeb, Amazon, FedEx, Toyota, GM, Google, Microsoft
Industry Brief: OneWeb Chapter II: New Owners, a New Mission? 07/08/2020 20200708 OneWeb, Bharti, Softbank, Grupo Elektra, Iridium, ORBCOMM, EchoStar, RUAG, SolAero, Teledyne, SpaceX, Telesat, Airbus, Amazon, Maxar
Industry Brief: Broadband Stimulus for Satellite – Free Money or Fool’s Errand? 07/30/2020 20200730 VSAT, SATS SpaceX
IRDM: Visibility re-emerging at Iridium; Well Positioned for Growth, FCF Guide Raised by 4.5% 08/03/2020 20200803 IRDM L3Harris, Lars Thrane, COMSAT
Q2 2020 Satellite & Space Market Monitor 08/03/2020 20200803
ORBC: Two-Year Overhaul Complete, ORBC Pivots to Growth; Record Quarterly Cash Flow Despite Ugly Macro 08/05/2020 20200805 ORBC Sanmina, AT&T, T-Mobile, ACC Clyde, Terex, T-Mobile
KVHI: Near-Record Backlog Boosts 2020 Outlook; Photonic Chipset Enters Production 08/10/2020 20200810 KVHI Raytheon, Speedcast
MAXR: Space Infrastructure Making Headway; Raising Estimates on Rising Orders and Backlog 08/17/2020 20200817 MAXR Intelsat, Planet, BlackSky, Airbus, EchoStar, Bpifrance, Thales Alenia Space,
Satcom Quarterly Briefing - Q2 2020 08/21/2020 20200821 OneWeb, SpaceX, Amazon, Telesat, SES, Intelsat, Eutelsat, Maxar, Thales Alenia Space, Northrop, Hughes, EchoStar, Inmarsat, Bharti, O3b, Viasat, Apple, Facebook, Google, Vodafone, Iridium, LeoSat, Airbus, Astranis, ORBCOMM
SATS: Broadband Demand Drives Q2 Upside Surprise. Raising 2020/2021 Estimates on Improved Outlook 08/21/2020 20200821 SATS Viasat, OneWeb, Bharti, Maxar, Telesat, Yahsat, SpaceX, Amazon
VSAT: Consumer Broadband Sees COVID-19 Lift, But Viasat-3 Capacity Delayed? 08/26/2020 20200826 VSAT Boeing, Intercorp, Baupost, SpaceX, OneWeb, Amazon, EchoStar, SES
Sector Spotlight: Flat Panel Antennas: The Next Big Thing or an Elusive Unicorn? 10/15/2020 20201015 SATS, KVHI, VSAT Astronics, Hughes, EchoStar, C-Com, Livewire Connections, PSSI Global Services, KVH, ThinKom, NXTCOMM, Honeywell, Panasonic, Qest, SpaceX, Viasat, Alcan, Kymeta, Pivotal Communications, SatixFy, Phasor, Isotropic, Arralis, Ball, Boeing, Celestia, Collins Aerospace, Gilat, Safran, Wafer, OneWeb, Inmarsat, Gogo, Southwest Airlines, SES, Lufthansa, Hooley Research, Vites, hisky, Optisys, Global Eagle, O3b, General Dynamics, Amazon, Telesat, Cubic, DISH
July 2020 Market Monitor 07/01/2020 20200701 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT Satellite, Echostar, Inmarsat, Thaicom, Iridium, Sky Perfect JSAT, ViaSat, Globalstar, Global Eagle, GoGo, KVH Industries, RigNet, Speedcast, Airbus, Boeing, L3Harris Technologies, Honeywell, Lockheed Martin, Northrop Grumman, Raytheon, Thales, EOS, Hexagon, IHS, Verisk, Maxar, CalAmp, ORBCOM, Sierra Wireless, Trimble, CACI International, SAIC, Mantech, Leidos, Cubic Corporation, Kratos
August 2020 Market Monitor 08/01/2020 20200801 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT Satellite, Echostar, Inmarsat, Thaicom, Iridium, Sky Perfect JSAT, ViaSat, Globalstar, Global Eagle, GoGo, KVH Industries, RigNet, Speedcast, Airbus, Boeing, L3Harris Technologies, Honeywell, Lockheed Martin, Northrop Grumman, Raytheon, Thales, EOS, Hexagon, IHS, Verisk, Maxar, CalAmp, ORBCOM, Sierra Wireless, Trimble, CACI International, SAIC, Mantech, Leidos, Cubic Corporation, Kratos
September 2020 Market Monitor 09/01/2020 20200901 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT Satellite, Echostar, Inmarsat, Thaicom, Iridium, Sky Perfect JSAT, ViaSat, Globalstar, Global Eagle, GoGo, KVH Industries, RigNet, Speedcast, Airbus, Boeing, L3Harris Technologies, Honeywell, Lockheed Martin, Northrop Grumman, Raytheon, Thales, EOS, Hexagon, IHS, Verisk, Maxar, CalAmp, ORBCOM, Sierra Wireless, Trimble, CACI International, SAIC, Mantech, Leidos, Cubic Corporation, Kratos
IRDM: Iridium Handily Exceeds 3Q20 Forecast as Consumer IoT delivers Record Net Adds; 2020 Guidance Raised 10/23/2020 20201023 IRDM Lars Thrane
Q3 2020 Satellite & Space Market Monitor 10/30/2020 20201030
ORBC: Another Quarter of Record Cash Flow; Shifting to Offense as Macro Headwinds Recede 11/03/2020 20201103 ORBC Inmarsat, AT&T, Carrier, Terex, JLG, T-Mobile
KVHI: Strong Q3 Results Lifted by Solid Topline Growth, Record mini-VSAT Margins; Backlog Hits a Multi-Year High 11/09/2020 20201109 KVHI BAE, Collins, Kongsberg
October 2020 Market Monitor 10/01/2020 20201001 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT Satellite, Echostar, Inmarsat, Thaicom, Iridium, Sky Perfect JSAT, ViaSat, Globalstar, Global Eagle, GoGo, KVH Industries, RigNet, Speedcast, Airbus, Boeing, L3Harris Technologies, Honeywell, Lockheed Martin, Northrop Grumman, Raytheon, Thales, EOS, Hexagon, IHS, Verisk, Maxar, CalAmp, ORBCOM, Sierra Wireless, Trimble, CACI International, SAIC, Mantech, Leidos, Cubic Corporation, Kratos
MAXR: Legion Delay Causes Investor Revolt; One-Quarter Delay Likely Immaterial Given Resurgence in GEO Business 11/11/2020 20201111 MAXR EchoStar, Viasat, SES, Intelsat, esri, SpaceX, Planet, BlackSky, Airbus, Dynetics
SATS: Raising 2020/2021 Estimates on International Strength, Enterprise Recovery in 2021; Jupiter-3 Slips to the Right 11/16/2020 20201116 SATS Viasat, Inmarsat, Maxar, SES, Telesat, Eutelsat, Yahsat, Bharti, SpaceX, Amazon
VSAT: Strong Orders Suggest 2H Resurgence, COVID Headwinds Receding but ViaSat-3 Delayed Until Late-2021 11/18/2020 20201118 VSAT Inmarsat, Eutelsat, Boeing, DISH Network, SES, Microsoft, Intercorp, Baupost, SpaceX, OneWeb, Amazon, EchoStar
Satcom Quarterly Briefing - Q3 2020 12/07/2020 20201207 Intelsat, SES, Telesat, SpaceX, Eutelsat, Gogo, Panasonic, Viasat, Inmarsat, Hughes, Amazon, Microsoft, EchoStar, Hispasat, Avanti, Star One, Astranis, Yahsat, Arabsat, Arianespace, Es 'hailSat, ISRO, Gazprom, Spacecom, Nilesat, Turksat, ULA,
November 2020 Market Monitor 12/08/2020 20201208 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT Satellite, Echostar, Inmarsat, Thaicom, Iridium, Sky Perfect JSAT, ViaSat, Globalstar, Global Eagle, GoGo, KVH Industries, RigNet, Speedcast, Airbus, Boeing, L3Harris Technologies, Honeywell, Lockheed Martin, Northrop Grumman, Raytheon, Thales, EOS, Hexagon, IHS, Verisk, Maxar, CalAmp, ORBCOM, Sierra Wireless, Trimble, CACI International, SAIC, Mantech, Leidos, Cubic Corporation, Kratos
Sector Spotlight: Smallsat Manufacturing 12/21/2020 20201221 Surrey Satellite Technology Limited, Airbus, Planet, Skybox Imaging, Google, Spaceflight Industries, Rocket Lab, KSAT, SSC, Lockheed, Northrop Grumman, AAC Clyde Space, Berlin Space Technologies, Blue Canyon, Raytheon, GomSpace, Innovative Solutions in Space, Tyvak, Hemeria, NanoAvionics, York Space Systems, SpaceX, Boeing, General Atomics, L3Harris, Thales Alenia Space, QinetiQ, AeroAstro, Spectrum Astro, Astro Digital, In-Space Missions, Azista BST Aerospace, Endurosat, Open Cosmos, Inovor Technologies, Gumush Aerospace and Defense, Skylabs, HawkEye 360, University of Toronto's Space Flight Laboratory, Cesium Astro, NSLComm, FreeFall Aerospace
Industry Brief: Viasat Doubles Down on Vertical Strategy 01/11/2021 20210111 VSAT Delta Airlines, RigNet, KVH Industries, Intelsat, iDirect, Speedcast, Marlink, Iridium, Inmarsat, EchoStar, Gogo, Thales, Global Eagle, Panasonic, LiveTV, JetBlue, Gilat
December 2020 Market Monitor 01/11/2021 20210111 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT Satellite, Echostar, Inmarsat, Thaicom, Iridium, Sky Perfect JSAT, ViaSat, Globalstar, Global Eagle, GoGo, KVH Industries, RigNet, Speedcast, Airbus, Boeing, L3Harris Technologies, Honeywell, Lockheed Martin, Northrop Grumman, Raytheon, Thales, EOS, Hexagon, IHS, Verisk, Maxar, CalAmp, ORBCOM, Sierra Wireless, Trimble, CACI International, SAIC, Mantech, Leidos, Cubic Corporation, Kratos
Sector Spotlight: RF Mapping Enters the Limelight 01/19/2021 20210119 HawkEye 360, Kleos Space, Magna Parva, Unseenlabs, Aurora Insight, Horizon Technologies, IAI, Rafael, NanoAvionics, Airbus, L3Harris
AST: Creating A Global Space-Based, Direct-to-Device Network 01/28/2021 20210128 AST Vodafone, AT&T, Telefonica, Rakuten, Indosat, Tigo, Telecom Argentina, Telstra, Liberty Latin America, Verizon, T-Mobile, Lynk, Africa Mobile Networks, Viasat, Iridium, Cisneros, American Tower, Samsung, NEC, Safran, Dialog, NanoAvionics, SpaceX
Q4 2020 Satellite & Space Market Monitor 02/09/2021 20210209
January 2021 Satellite & Space Market Monitor 02/01/2021 20210201 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT Satellite, Echostar, Inmarsat, Thaicom, Iridium, Sky Perfect JSAT, ViaSat, Globalstar, Global Eagle, GoGo, KVH Industries, RigNet, Speedcast, Airbus, Boeing, L3Harris Technologies, Honeywell, Lockheed Martin, Northrop Grumman, Raytheon, Thales, EOS, Hexagon, IHS, Verisk, Maxar, CalAmp, ORBCOM, Sierra Wireless, Trimble, CACI International, SAIC, Mantech, Leidos, Cubic Corporation, Kratos
VSAT: Sluggish Govt. Activity Weighs on Revenues But Poised to Deliver in FY22; Viasat-3 Slips One Quarter to 1Q22 02/16/2021 20210216 VSAT RigNet, Delta Air Lines, Eutelsat, Telebras, Intercorp, Baupost, EchoStar, SES, Inmarsat
IRDM: With a Solid Finish to 2020 and Proj. FCF Growth of 15% in 2021, Board Authorizes $300 M Buyback 02/23/2021 20210223 IRDM Inmarsat, Lars Thrane, Marlink, AST, Garmin, OneWeb, Icom, EchoStar, Eutelsat, AST, Hiber, Swarm
Satcom Quarterly Briefing Q4 2020 - Starlink Spotlight 02/23/2021 20210223 Intelsat, SES, Telesat, Eutelsat, Amazon, Starlink, OneWeb
SATS: Enterprise and International Poised for Growth in 2021; Steady U.S. Sub Declines until Jupiter-3 Arrives in 2023? 03/02/2021 20210302 SATS OneWeb, Maxar, SpaceX, Inmarsat, Telesat, Bharti, Yahsat, ProEsys, Sequans, Amazon, SES, Eutelsat, Viasat
ORBC: Finishing 2020 on a Strong Note, ORBC Targeting 10% Revenue and 20% EBITDA Growth 03/09/2021 20210309 ORBC Inmarsat, AT&T, Globalstar
MAXR: Pivoting to Growth in 2021 With Legion on the Horizon; Raising 2023 EBITDA & FCF Outlook by $40M and $135M 03/15/2021 20210315 MAXR MDA, Here Technologies, Planet, BlackSky, Airbus, Dynetics, Sirius XM Holdings, Intelsat, ARK Investment
KVHI: AgilePlans up 53% y/y as Regional Plans Kick In; Modest EBITDA growth in 2021, But up 3x in 2022? 03/16/2021 20210316 KVHI Collins Aerospace
CMTL: Following Large NG-911 Wins, UHP Acquisition, FY22 Growth Prospects Looking Up 03/22/2021 20210322 CMTL Verizon, AT&T
Space 3.0: Turning the corner in 2021? 04/07/2021 20210407 Boeing, Planet, Kratos, Viasat, Maxar, ULA, Moog, Astra, GomSpace
IRDM: In-Line Start to 2021 But Tailwinds Gaining Strength; Third Straight Quarter of Record Net Additions 05/05/2021 20210505 IRDM Garmin, L3Harris, EchoStar, Eutelsat, AST, Hiber, Swarm
Q1 2021 Satellite & Space Market Monitor 05/05/2021 20210505
MAXR: Earnings Miss and Launch Delay Send Stock Down 25% Despite Affirmed AEBITDA Guidance 05/11/2021 20210511 MAXR Raytheon, Honeywell, SiriusXM, Planet, BlackSky, Airbus, Boeing, Dynetics, Blue Origin, EchoStar
February 2021 Market Monitor 02/01/2021 20210201 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT
March 2021 Market Monitor 03/01/2021 20210301 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT
April 2021 Market Monitor 04/01/2021 20210401 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT
KVHI: Record VSAT Shipments and Customer Uptake of AgilePlans; Raising 2021 EBITDA by 65% 05/17/2021 20210517 KVHI Inmarsat, BAE, Collins Aerospace
SATS: Flipping the Script, Enterprise Takes the Lead in 2021 as Capacity Constraints Slow the Consumer Business 05/19/2021 20210519 SATS OneWeb, Maxar, SpaceX, Telesat, Bharti, Eutelsat, Yahsat, Omantel, PSN, Global Eagle, SES, Yahsat, Semtech, ProEsys, Tyvak Nano-Satellite Systems, Helios Wire, Viasat, Inmarsat
Satcom Quarterly Briefing Q1 2021 - Telesat Lightspeed 05/27/2021 20210527 Intelsat, SES, Telesat, SES, Eutelsat, OneWeb, SpaceX, Amazon, Iridium, Blue Origin, Ball Aerospace, MDA, Maxar, Airbus, Thales Alenia Space, Anuvu, Speedcast, Phasor, RigNet, Viasat, Panasonic, AXESS, NSSLGlobal, Navarino, Boeing
GILT: Taking Flight in 2021? Gilat Seeking to Ride the NGSO Wave, IFC Recovery, and 4G/5G Transformation 06/08/2021 20210608 GILT SES, OneWeb, Intelsat, Comtech Telecommunications, Telesat, Eutelsat, Honeywell, SpaceX, Amazon, Hughes, Viasat, China Satcom, Gogo, Qingdao Airlines, Airbus, Inmarsat, CPI, ST Engineering, JetBlue, Optus, Anuvu, Panasonic Avionics, Delta Airlines, KLM, Royal Dutch Airlines, ARK Invest, Thaicom, Maxar Technologies
VSAT: IFC Poised to Soar in FY22 as ViaSat-3 Enters the Home Stretch; Updating Estimates to Reflect RigNet 06/14/2021 20210614 VSAT RigNet, Delta Airlines, Eutelsat, Avanti, Boeing, KLM, Jet Blue, Intercorp, Baupost, Hughes, SES, Inmarsat
CMTL: Afghanistan Withdrawal Dings Govt Outlook, Overshadows Major LEO Constellation Win News 06/17/2021 20210617 CMTL Amazon, Telesat, AT&T
IRDM: Record Subscriber Growth the New Normal? Revenue Forecast Raised on Surging Consumer Growth 07/23/2021 20210723 IRDM L3Harris, EchoStar, AST SpaceMobile, Eutelsat, Hiber, Swarm, Garmin
Quilty Report on the Space Industrial Base 07/30/2021 20210730 SpaceX, Amazon, Relativity Space, Virgin Galactic, Virgin Orbit, Northrop, Blue Origin, Rocket Lab, Astra Space, Phantom space, Firefly Aerospace, ULA, ABL, Atmos Space, Bradford Space, Launcher, Momentus, Moog, Spaceflight Industries, Starfish Space, ArianeGroup, D-Orbit, Exolaunch, Exotrail, Lunasa Space, RFA, Skyrora, Space Machines Company, MDA, Made in Space, Tethers Unlimited, Maxar, Astroscale, Orbit Fab, Altius, Voyager, Airbus, Techshot, Lockheed, Airbus, Honeybee Robotics, NovaWurks, Saturn Space, AST SpaceMobile, Eta Space, Guardian Space Technology Solutions, NorthStar Earth & Space, CommStar, Aquarian Space, Astrobotic, Intuitive Machines
KVHI: Mini-VSAT Revenues up 14% Following Third Straight Quarters of Record Shipments 08/02/2021 20210802 KVHI Inmarsat
SATS: Hughes Delivers Record EBITDA Margins Despite Consumer Slowdown; Enterprise to Drive Growth in 2H 08/05/2021 20210805 SATS SpaceX ,Maxar Technologies, Telesat, Anuvu, Yahsat, Bharti Airtel, Semtech Corporation, Viasat, Eutelsat, PSN, Omantel, Teleglobal
July 2021 Market Monitor 08/06/2021 20210806 Eutelsat, Intelsat, SES Global, Loral Space & Communications, Comtech, Gilat, Intellian, Aerojet Rocketdyne, Avio, OHB SE, APT
MAXR: Another Legion Delay Spoils Solid 2Q21 Results; Lowering 2022 Forecast; 2023 Targets at Risk 08/09/2021 20210809 MAXR SiriusXM, Boeing, Honeywell, Raytheon, SpaceX, Planet, BlackSky, Airbus, EchoStar
VSAT: Strong Start to the year as In-Flight Connectivity Rebound Continues; ViaSat-3 Schedule Solidifying 08/13/2021 20210813 VSAT Delta Airlines, Boeing, Raytheon, Hughes, SpaceX, Inmarsat, Eutelsat, SES
GILT: With Q2 Revenues Up 49%, Visibility Improving But Gilat Still not Hitting on All Cylinders 08/17/2021 20210817 GILT SES, Intelsat, Comtech, Pacific Dataport, Astranis, OneWeb, SpaceX, AST SpaceMobile, Amazon
ASTS: 2Q21 Business Update; New Launch Date and Spending Ramp Underway 08/19/2021 20210819 ASTS SpaceX, GK Launch Services, Smart Communications, Africell, MUNI
Satcom Quarterly Briefing Q2 2021 - OneWeb Update 08/26/2021 20210826 OneWeb, Anuvu, Swarm, SpaceX, Telesat, Eutelsat, Intelsat, SES, Inmarsat, Hanwha Systems, Thales Alenia Space, Hughes Network Systems, Hypergiant Galactic Systems, Kymeta, Umbra, Yahsat, Astranis, Amazon, Bharti Airtel, Softbank, Airbus, Arianespace, Altius Space Machines, Cobham, Fakel, MDA, Ruag, Sodern, SolAero, Teledyne, Virgin Orbit, Blue Origin, Qualcomm, Kymeta, Collins Aerospace, Wafer, Intellian, Satixfy, Astroscale, D-Orbit, Celestia Technologies Group, Viasat
September 2021 Market Monitor 10/11/2021 20211011 Marlink, exactEarth, Spire, Eutelsat, SES, Globalstar, Iridium, MDA, RedWire, Astra, Rocket Lab, BAE Systems, General Atomics, Boeing, Raytheon, Isotropic Systems, HySpecIQ
CMTL: Supply Chain Headwinds, Afghanistan Withdrawal Weigh on Disappointing FY22 Outlook 10/18/2021 20211018 CMTL ATT
IRDM: Raising 2021/2022 Estimates on Accelerating Certus Adoption, Buoyant Consumer Demand 10/26/2021 20211026 IRDM Icom, Apple, Globalstar, Blue Sky Network, Thales, EchoStar, Eutelsat, AST SpaceMobile, Hiber, Swarm
Q3 2021 Satellite & Space Market Monitor 10/27/2021 20211027
Industry Brief: Viasat & Inmarsat: One-Off or Catalyst for Consolidation? 11/09/2021 20211109 Viasat, Inmarsat, Northrop Grumman, BT, NSSLGlobal, Serco, CGI UK, Lockheed Martin, Eutelsat, Hispasat, EchoStar, Avanti, Measat, Arabsat, OneWeb, Anuvu, Panasonic Avionics, KVH Industries, Marlink, Intelsat, Iridium, Telesat, Speedcast, Orbcomm, Yahsat/Thuraya, BAE Systems, SpaceX, Amazon
October 2021 Market Monitor 11/10/2021 20211110 Rocket Lab, Voyager Space, Eutelsat, Comtech, Gilat, Viasat, Thaicom, Yahsat, Telesat, Terran Orbital, FMC Globalsat, ABL Space Systems, OneWeb, Loft Orbital, Inmarsat
MAXR: Strong Q3 Cash Flow Puts 2021 on Path to Positive FCF; 2023 Targets Coming into Focus 11/12/2021 20211112 MAXR Honeywell, Raytheon, SpaceX, BlackSky, Planet, Airbus, ISI, SiriusXM
GILT: Raising 2021 AEBITDA 34% but Lowering 2022 Targets as Lagging IFC and Higher R&D Weigh on Upside 11/15/2021 20211115 CMTL SES, Comtech, SpaceX, AST SpaceMobile,, Amazon
KVHI: Record Q3 VSAT Shipments Despite Supply Chain Challenges; Demand Outstripping Supply 11/16/2021 20211116 KVHI Intelsat, SKY Perfect JSAT, Gatik, Walmart, Kodiak Robotics,
SATS: Enterprise Returns to Growth Mode as Consumer Slowdown Extends Internationally 11/19/2021 20211119 SATS OneWeb, SpaceX, Telesat, Bharti Airtel, Anuvu, Viasat, Inmarsat, Eutelsat, PSN, Omantel, Teleglobal
ASTS: 3Q21 Business Update: A New Factory and an Expected Launch Delay 11/19/2021 20211119 ASTS SpaceX, Glavkosmos, MTN Group, YTL Communications, Somcable
Satcom Quarterly Briefing Q3 2021 - SDA PLEO National Defense Space Architecture Update 11/22/2021 20211122 Intelsat, SES, Eutelsat, Telesat, Viasat, Inmarsat, OneWeb, SpaceX, Amazon, Boeing, Astra, Hughes, Spinlaunch, Peraton, Astro Digital, General Dynamics, Raytheon, General Atomics, Lockheed Martin, LeoStella, Maxar Technologies, L3Harris, Northrop Grumman, Redwire, OneWeb Satellites, Sierra Space, Rocket Lab, Tyvak Nano-Satellite Systems, York Space Systems, United Launch Alliance, Electro-Optic Systems, Hedron, Capella Space, Mynaric, Iridium, Avanti, AT&T, Embratel Star One, Astranis, China Satcom, PSN, Sky Perfect JSAT, APT Satellite, RSCC, B-SAT, Ovzon AB, Measat, Optus, PT Telkom Indonesia, Nilesat, Turksat, Yahsat, Gazprom, Spacecom, Arabsat
November 2021 Market Monitor 12/06/2021 20211206 Arqit, exactEarth, Viasat, Inmarsat, Sierra Space, Telesat, Gilat, Baylin, Comtech, Intellian, Redwire, SA Photonics, Rocket Lab, Caci International Inc., Planet, Space Micro Inc., Voyager Space Holdings Inc., Techshot, Knight Sky, NIC4, Orbital Media Networks, Hawkeye 360, Astroscale, Anuvu, Fleet Space Technologies, Phantom Space Corporation, Hydrosat, Inversion Space, The Exploration Company, Cognitive Space
Inaugural EO Quarterly - Q4 2021 12/27/2021 20211227 Airbus, Maxar, Blacksky, Planet, Satellogic, MDA, ImageSat International, SIIS, Iceye, Capella, Hisdesat, Umbra, Terran Orbital, IQPS, Synspective, e-GEOS, Preligens, Windward, UP42, Ursa
December 2021 Market Monitor 01/11/2022 20220111 SpaceX, Ursa, IQPS, PLD Space, Space Forge, Sidus Space, Helix Technologies, Skykraft, Hypersat,, Windward, hiSKY, ICEYE, SolAero Holdings, Orolia SA, Narda-MITEQ, Safran SA, IBISA, Smallspark Space Systems, Rocket Pi, Kayhan Space, Teren, Space BD, Stoke Space Technologies,
Q4 2021 Satellite & Space Market Monitor 02/01/2022 20220201
January 2022 Market Monitor 02/11/2022 20220211 Honeybee Robotics, Blue Origin, Atomos Space, Wyvern, PD Aerospace, Epsilon3, Skyroot Aerospace, Mangata Networks, Galactic Energy, Hadrian, Hawkeye 360, ArkEdge Space, Satellogic, D-Orbit, Virgin Galactic Holdings, Radian Aerospace, Satlink,
VSAT: Red Hot IFC Recovery Lifts Organic Growth 14%; Modest ViaSat-3 Schedule Slippage Risks 2022 Service Launch 02/10/2022 20220210 VSAT Echostar, SpaceX, Delta Airlines, Inmarsat, Embraer, Eutelsat, SES
GILT: Targeting 40% AEBITDA Growth Through 2022; Upside from Recent Large NGSO Win? 02/28/2022 20220228 GILT Intelsat, SES, Comtech, Telefonica, OneWeb, SpaceX, AST SpaceMobile, Amazon
Globalstar, MDA and Rocket Lab: An Unusual Team for an Unusual Business 03/01/2022 20220301 GSAT, MDA, RKLB Apple, Iridium, Inmarsat, Thuraya, Maxar Technologies, OneWeb, Telesat, Kepler Communications, Hawkeye 360, GHGSat, Eutelsat, EchoStar, Astrocast, AST SpaceMobile, Viasat
IRDM: Commercial IoT Revs up 14% in 2021, With Consumer Subs Now Well Above 500k; Another Leg up in 2022? 03/07/2022 20220307 IRDM QinetiQ, Icom, Apple, Globalstar, Blue Sky Network, Thales, Marlink, Garmin, Satelles, DDK Positioning, EchoStar, Eutelsat, AST SpaceMobile, Astrocast, Swarm
MAXR: 3D Revenue Growth Outshines Legion Delays as a Larger Constellation Takes Shape 03/08/2022 20220308 MAXR Aurora Insight, Hawkeye 360, Unseenlabs, Euroconsult, Intelsat, Airbus, Thales Alenia Space, Boeing, York Space Systems, Lockheed Martin, Northrop Grumman
SATS: Accelerating Subscriber Losses and a OneWeb Hit to Weigh on 2022 03/11/2022 20220311 SATS OneWeb, SpaceX, DISH, Telesat, Bharti Airtel, Eutelsat, Sequans, Unify, T-Mobile, Deutsche Telekom, Viasat, Inmarsat
KVHI: Turning the Ship in 2022? New Management, a New Network, and Downsizing to Higher Profits. 03/14/2022 20220314 KVHI Inmarsat, Intelsat, SKY Perfect JSAT
February 2022 Market Monitor 03/15/2022 20220315
Russia-Ukraine Conflict - Impact on the Space Industry [Industry Brief] 03/18/2022 20220318 Aerojet Rocketdyne, Airbus, Apollo Fusion, Arianespace, Avio, Axiom Space, Blue Origin, Boeing, Busek, Capella Space, EDB Fakel, Energia, Eutelsat, Firefly, Iceye, Iridium, ISS Reshetnev, Khrunichev, Maritime Launch, Maxar, Mitsubishi, Nanoracks, Northrop, NPO EnergoMash, OneWeb, RFA, Safran, Sierra Space, Skyrora, SpaceX, Telesat, Thales Alenia Space, ULA, Viasat, Voyager Space, York Space, Yuzhnoye, Yuzmash
CMTL: Supply Chain and Ukraine Batter FY22 Outlook; AEBITDA Guidance Cut by Nearly One-Third 03/21/2022 20220321 CMTL
Industry Brief: $5+ Billion Reasons Why Amazon Kuiper is Real 04/06/2022 20220406 AMZN ABL Space Systems, Airbus, Alphabet, Amazon, Arianespace, Blue Origin, Eutelsat, Firefly Aerospace, Inmarsat, Intelsat, International Launch Services, Israel Aerospace Industries, Meta, Microsoft, Mitsubishi Heavy Industries, OneWeb, PT Telkom Indonesia, Relativity Space, Rocket Lab, SES, Sky Perfect JSAT, Space, SpaceX, Thales Alenia Space, Telesat, United Launch Alliance, Viasat
March 2022 Market Monitor 04/14/2022 20220414
IRDM: Record Product Shipments Bode Well for Sub Growth; New Products and Big Opportunities on the Horizon 04/25/2022 20220425 IRDM QinetiQ, Icom, AnsuR Technologies, General Dynamics Mission Systems, Aireon, EchoStar, Eutelsat, AST Spacemobile, Astrocast, Swarm
Satcom Quarterly Briefing Q1 2022 - Satellite IoT 05/02/2022 20220502 Aistech, Amazon, AST SpaceMobile, Astrocast, Blink Astro, EchoStar, Eutelsat, Fleet, Fossa, Globalstar, Hiber, Ingenu, Inmarsat, Innovaspace, Intelsat, Iridium, Kepler, Kineis, Kleo Connect, Lacuna, Lynk, Myriota, Nuspace, Omnispace, OQ Technology, Orbcomm, Sat4m2m, Sateliot, Satellite & Space, Swarm, Telnet, Thuraya, Totum, Viasat, Wisekey
SATS: Leadership Changes Could Signal a Change in Direction, But Current Subscriber Woes Continue 05/10/2022 20220510 SATS EchoStar, Maxar, SpaceX, OneWeb, Bharti Airtel, Dish, Semtech, Viasat, Inmarsat, Amazon
Q1 2022 Satellite & Space Market Monitor 05/10/2022 20220510
MAXR: Another Legion Delay and Soft Q1 Results, But Full-Year Guidance Maintained 05/13/2022 20220513 MAXR Aurora Insight,, Thales Alenia Space , Boeing, Airbus
KVHI: Best Q1 Results in Seven Years Put KVH on Solid Path to 2022 Growth Targets 05/16/2022 20220516 KVHI Intelsat, Sky Perfect JSAT
April 2022 Market Monitor 05/16/2022 20220516
ASTS 1Q22 Business Update: BlueWalker-3 Satellite Enters the Home Stretch 05/19/2022 20220519 ASTS Telesat, Intel, SpaceX, Amazon, American Tower, Globe Telecom
Q2 2022 EO Quarterly - Weather 05/25/2022 20220525 Accuweather, Spire, GeoOptics, Maxar, Astrovision, GeoMetWatch, Tempus Global Data, PlanetiQ, Orbital Micro Systems, Careweather,, MyRadar, Acme AstronOmatic, Brandywine Photonics, Koolock, Orion Space Solutions, SaraniaSat, Tropical Weather Analytics, Inc., Ball Aerospace, Bae Systems, L3 Harris, Leidos, Lockheed Martin, Raytheon, York Space Systems, Northrop Grumman, Xplore, The Weather Company (IBM), MeteoGroup, Understory, Descartes Labs
GILT: Q1 Results Top Expectations; Full-Year Guidance Affirmed. Pace of NGSO Programs a Key Growth Driver 05/31/2022 20220531 GILT SES, Intelsat, Airbus, SpaceX, AST SpaceMobile, Amazon
Industry Brief: EOCL: The Spy Agency Contract Reshaping the U.S. Imagery Market 06/01/2022 20220601 Maxar, BlackSky, Planet, Satellogic, ISI, Airbus
VSAT: IFC Revenues Double, but Bottom-Line Results Fall Short; ViaSat-3 Slips One Quarter to 4Q22 06/07/2022 20220607 VSAT Boeing, SpaceX, Inmarsat, Southwest Airlines, Breeze Airways, Porter Airlines, Virgin Atlantic, Blue Canyon Technologies, Arctic Space Technologies, EchoStar
May 2022 Market Monitor 06/14/2022 20220614
CMTL: FY22 a Lost Cause After Orders Slip Right; Management Guides AEBITDA down 24% 06/20/2022 20220620 CMTL Raytheon
June 2022 Market Monitor 07/11/2022 20220711
Industry Brief: Talks of Eutelsat + OneWeb Merger 07/25/2022 20220725 Eutelsat, OneWeb, Bharti, SES, Telesat, Intelsat, Hanwha, Softbank, SpaceX, Amazon, Bpifrance, Viasat, Inmarsat, Thales Alenia Space
Infrastructure Sector Spotlight: Optical Intersatellite Links 08/01/2022 20220801 AAC Clyde Space, Airbus, Amazon, Archangel Lightworks, Arlington Capital Partners, Astrogate Labs, Atlas Space, Axelspace, Ball Aerospace, Beyond Gravity, Blue Marble Communications, BlueHalo, Bridgecomm, CACI, Cailabs, Capella Space, Demcon, EchoStar, Edmund Optics, Es'hailSat, Eutelsat Communications, Fibertek, Inc., General Atomics, GEOST, Hedron, Hensoldt, HySpecIQ, Honeywell Aerospace, Inmarsat, Iridium, Kepler Communications, KSAT, Laserlight, Leonardo, mBryionics, Mitsubishi, Mynaric, NEC Corporation, Nedinsco, Odysseus, OneWeb, OPC, Planet, Planewave, QinetiQ, RBC Signals, SA Photonics, Safran, Skyloom, Sony, SpaceLink, Space Micro, SpaceX, Spire, Swedish Space Corp., Tesat-Spacecom, Telesat, Thales, Thales Alenia Space, Transcelestial, VDL, Viasat, Voyager Space, Warpspace, Inc., Xenesis.
IRDM: Record Equipment Sales Contribute to Q2 Beat and 2022 Raise; New Smartphone Effort Unveiled 08/02/2022 20220802 IRDM General Dynamics, Relativity Space, SpaceX, Boeing, AST SpaceMobile, Lynk Global, Globalstar, Apple, NAL Research, Blue Sky Network, McQ, Ground Control, Emergent Space Technologies, KSAT, Raytheon, EchoStar, Eutelsat, Astrocast
SATS: Change on the Horizon? EchoStar Unveils New Growth Plan as Subscriber Losses Grow 08/08/2022 20220808 SATS SpaceX, Gogo, Iridium, Viasat, Intelsat, OneWeb, SES, Bharti Airtel, Eutelsat
July 2022 Market Monitor 08/08/2022 20220808
VSAT: A Soft Start to FY23 but Guidance Affirmed. ViaSat-3 Program Remains on Track 08/12/2022 20220812 VSAT Acacia Communications, Cisco, SpaceX, EchoStar, Telebras, Telesat, Boeing, Southwest Airlines, Airbus, China Satcom, Lockheed, Northrop, York Space Systems, OneWeb, Eutelsat
GILT: EBITDA surges as Peru, IFC revenues climb. Large NGSO wins still on the Horizon? 08/12/2022 20220812 GILT Intelsat, SES, Airbus, Facebook, Telefonica
Q2 2022 Satellite & Space Market Monitor 07/21/2022 20220721
MAXR: Breakthrough LEO Win Overshadowed by Another Legion Delay; Guidance Affirmed Despite Soft Q2 Results 08/18/2022 20220818 MAXR L3Harris, SpaceX, BlackSky Global, Planet, Airbus, Northrop Grumman, Lockheed Martin, Imagesat International
ASTS: 2Q22 Business Update: Inflation, Delays hit BlueBird-1 Constellation 08/20/2022 20220820 ASTS SpaceX, Nokia, Rakuten, Smartfren Telecom, B. Riley Principal Capital, Kongsberg Defence and Aerospace, NanoAvionics
KVHI: Surprise Sale of Inertial Nav Business Positions Company as a Growing Pureplay Maritime Services Provider 08/25/2022 20220825 KVHI SpaceX, Emcore, Intelsat, Sky Perfect JSAT
Industry Brief: SpaceX & T-Mobile Enter the Satellite Direct-to-Device Fray 08/29/2022 20220829 SpaceX, T-Mobile, AST SpaceMobile, Lynk, Amazon, Verizon, OneWeb, Apple, Globalstar, Rocket Lab, Airbus, Vodafone, Orange, Rakuten, Telefonica, AT&T, Samsung, Nokia, American Tower Corporation, MDA, Yahsat, Thuraya, Intelsat, SES, Eutelsat, Fleet, Astrocast, Kinéis, Iridium, Hughes, Gilat, and iDirect.
August 2022 Market Monitor 09/08/2022 20220908
September 2022 Market Monitor 10/10/2022 20221010
Iridium On a Roll – Raises 2022 Guidance as All Metrics Point Up 10/26/2022 20221026 IRDM SKYTRAC, MetOcean Telematics, NAL Research, Trace Systems, SpaceX, T-Mobile, AST SpaceMobile, Lynk, Globalstar, Apple, EchoStar, Eutelsat, Swarm
3Q 2022 Infrastructure Sector Spotlight: Small Launch Market 10/31/2022 20221031 ABL Space Systems, Advanced Solutions, Amazon, Apollo Fusion, ArianeGroup, Arqit, Astra, Atomos, Avio, Bellatrix Aerospace,, BlackSky, Blue Origin, Bradford Space, Capella Space, Coactum, D-Orbit, ExoLaunch, Exotrail, Firefly Aerospace, Fleet Space, Gilmour Space, HawkEye 360, Horizon Technologies, Hypersat, Iceye, Impulse Space, InnoSpace, ISAR Aerospace, ISRO, Kineis, Launcher, Lunasa, Mitsubishi Heavy Industries, Momentus, Moog, Northrop Grumman, OneWeb, Opus Aerospace, Orbcomm, Orbex Space, Phantom Space, Planet, Planetary Systems, Plasmos, PLD Space, PredaSAR, Relativity, Rocket Factory Augsburg (RFA), Rocket Lab, SAS, Satellogic, SatRev, Sinclair Interplanetary, SkyRoot, Skyrora, SolAero, Space Machines Company, Spaceflight, SpaceX, SpinLaunch, Starfish Space, Stoke Space, Synspective, Telesat,, UARX Space Solutions, ULA, Virgin Orbit, and X-Bow Systems.
3Q 2022 Satellite & Space Market Monitor 11/04/2022 20221104
SATS: Enterprise Revenues up 16%, Orders up 111%, but Lower Estimates on Margin Compression 11/07/2022 20221107 SATS OneWeb, Gogo, SpaceX and Viasat
MAXR: Stumbling Toward a Delayed Legion Launch, but 2023 AEBITDA Target Remains in Play 11/11/2022 20221111 MAXR Airbus, L3 Harris, ImageSat International, Planet,
October 2022 Market Monitor 11/15/2022 20221115
ASTS: 3Q22 Business Update: BlueWalker-3 Success and BlueBird-1 Opacity 11/17/2022 20221117 ASTS AT&T, Vodafone, Rakuten, Apple, Globalstar, NanoAvionics, Evercore Group, B. Riley Securities
VSAT: FY23 Guidance Lowered as Delays Mount for ViaSat-3, IFC deliveries, and Government Certifications 11/21/2022 20221121 VSAT Acacia Communications,L3Harris Technologies, Amazon, OneWeb, SpaceX, SES, Intelsat, Anuvu, Astranis, Hughes, Streamon, Southwest Airlines, Boeing, Cobham, Intellian, Eutelsat
GILT: “2H Recovery” Proves True – Q3 Revenue and AEBITDA up Big. Full-Year Guidance Raised 11/23/2022 20221123 GILT SES, Sencinet, Petrobras, Airbus, SpaceX, AST SpaceMobile, Amazon
November 2022 Market Monitor 12/09/2022 20221209
Q4 2022 Satcom Quarterly: LEO & Multi-Orbit Satellite Communications​, Year in Review 12/14/2022 20221214 Alcan Systems, All.Space, Amazon, AT&T , Ball, Bharti, Boeing, British Telecom, Cobham, EchoStar, Eutelsat, Gogo, Hanwha, Hawaiian Airlines, Hispasat, Intellian, Intelsat, Kymeta, Leonardo, LeoSat, Mangata, Marlink, Microsoft, Navarino, OneWeb, Panasonic, Qest, Rivada networks, Royal Caribbean, Satcom Direct, SatixFy, Sky Perfect JSAT, Softbank, SpaceX, Speedcast, Spinlaunch, Stellar Blu, Telesat, Thales Alenia Space, T-Mobile, Verizon, Viasat, Vocus,
KVHI: Strong Q3 Performance Overshadowed by Slowing Demand and Growing Competition 12/15/2022 20221215 KVHI EMCORE, SpaceX
MAXR: Acquisition by Advent Signals a New Beginning, but the end of Maxar as we Know it? 12/20/2022 20221220 MAXR Advent International, Cobham, Cyware, Maxar Technologies, MDA Corporation, Ultra Electronics
Megaconstellation Monthly: December 2022 01/06/2023 20230106 SpaceX, Marlink, AST SpaceMobile, OneWeb, SES, Viasat, Hughes, Telesat
December 2022 Market Monitor 01/09/2023 20230109
2023 Q1: EO Sector Spotlight on VHR Satellite Imagery 01/16/2023 20230116 Advent International , Airbus, Albedo, Alén Space, Astrium, BlackSky, DHV Technology, Earth Observant, Elecnor Deimos, EOI Space, Everis, GeoEye, Iceye, Imagesat International (ISI), LeoStella, Liberty Investment, Maxar, Mitsubishi Electric, Oneview, Orbimage, Orbital Sciences Corp., Osprey Technology Acquisition Corp., Palantir, Planet, Qinetiq, Rendered.AI, Satellogic, Satlantis, Satrec Initiative, SI Analytics, SI Group, SI Imaging Services (SIIS), Skeyeon, Sky Engine AI, Skybox Imaging, Spire, Spot Image, Synthetaic, Thales Alenia Space, Urthecast, X-Bow Launch Systems
Megaconstellation Monthly: January 2023 02/01/2023 20230201 SpaceX, Amazon, AST Spacemobile, SES, OneWeb, Telesat
January 2023 Market Monitor 02/13/2023 20230213 SpaceX, Sierra Wireless, World View, Virgin Galactic, Momentus, GOMSpace, Satixfy, Sidus, Astrocast, Baylin, Comtech, Telesat, SES, Eutelsat, Astra, Rocket Lab, Redwire, Aurora Insight, QBX Ltd, TXMission, Maxar, CesiumAstro, GapSat, Capella Space, NorthStar Earth & Space, ClearSpace, SpiderOak, SpaceX, Atomos Space, Vaya Space, Orbital Sidekick, Quindar
VSAT: Guidance Lowered Once Again Due to ViaSat-3 Delays; Return to Double-Digit Growth in FY24 02/20/2023 20230220 VSAT SpaceX, Inmarsat, Microsoft, Southwest, Delta Airlines, EchoStar, OneWeb, Eutelsat, United Launch Alliance, Arianespace
GILT: Gilat Forecasts midpoint 2023 AEBITDA Growth of 27% Powered by IFC, Cellular Backhaul, and Large Programs 02/27/2023 20230227 GILT SES, Hispasat, Intelsat, TIM Brasil, Comtech, SpaceX, AST SpaceMobile, Amazon
IRDM: Double-Digit Service Growth Projected for 2023; Qualcomm DTD Partnership Holds Upside Potential 03/01/2023 20230301 IRDM
Industry Brief: A Deep Dive into Rivada's Billion-Dollar Plans to Compete with the Megas 03/02/2023 20230302 Rivada Space Networks, SpaceX, KLEO Connect, LeoSat, eightyLEO, Trion Space, Telesat, OneWeb, AT&T, Rivada Networks
Megaconstellation Monthly: February 2023 03/03/2023 20230303
SATS: "Significant" Acquisitions on the Table as Jupiter-3 Slips to a Q2 Launch 03/08/2023 20230308 SATS OneWeb, SpaceX, Iridium, Astro Digital, Viasat
February 2023 Market Monitor 03/13/2023 20230313
KVHI: Strong Q4 Performance Overshadowed by Slowing Demand and Growing Competition 03/24/2023 20230324 SpaceX, Intellian, Cobham, KVH
Megaconstellation Monthly March 2023 04/04/2023 20230404
Industry Brief: Six Reasons Why Virgin Orbit Failed as a Company 04/07/2023 20230407 VORB Virgin Investments Limited, GeoOptics, Skybox Imaging, Spaceflight, Planetary Resources, Google, SpaceX, Avio, Glavkosmos, Rocket Lab, BlackSky, Capella Space, HawkEye 360, Kineis, Synspective, ABL Space Systems, Isar Aerospace, Stoke Space, Arqit, Horizon Technologies, Hypersat, Sky And Space (SAS), Satrev, Iridium, Firefly Aerospace, Vector Launch, Stratolaunch
March 2023 Market Monitor 04/12/2023 20230412
Megaconstellation Monthly: April 2023 05/02/2023 20230502 AST SpaceMobile, SpaceX, Lynk, AT&T, Vodaphone, Terran Orbital, SWARM, Rivada Space Networks
IRDM: Hitting on All Cylinders Entering 2023 05/04/2023 20230504 IRDM DDK Positioning, SpaceX, Satelles, Qualcomm, Globalstar, Inmarsat, Echostar, AST SpaceMobile, Astrocast, SWARM
April 2023 Market Monitor 05/08/2023 20230508
KVHI Q1 23 Earnings Review & Financial Analysis: VSAT Airtime up 13%, But Product Revenues Down 25%. A Sign of Growing Competition? 05/09/2023 20230509 KVHI Intellian, Cobham, SpaceX
GILT Q1 2023 Earnings Review & Financial Analysis: Satellite Networks Revenues up 35% Driven by Record 2022 Orders; Gross Margins Hit Decade-Plus High 05/22/2023 20230522 GILT SES, SpaceX, Hispasat, Intelsat, ST iDirect, Comtech,
Satcom Sector Spotlight on Satellite Direct-to-Device (DTD) 05/30/2023 20230530 American Tower, Apple, AST SpaceMobile, AT&T, Bullitt, EchoStar, Globalstar, GM, Hughes, Inmarsat, Iridium, Intelsat, Ligado, MDA, MediaTek, Motorola, Nokia, One New Zealand, Omnispace, OneWeb, Qualcomm, Rakuten, Rocket Lab, Samsung, Salt, Skylo, SpaceX, T-Mobile, Telesat, Thuraya, Viasat, Vodafone.
SATS Q1 2023 Earnings Review & Financial Analysis: Jupiter-3 Slips a Quarter to Q4; Next Gen S-band Details Revealed 05/30/2023 20230530 SATS
Megaconstellation Monthly: May 2023 06/02/2023 20230602 SpaceX, Gogo Business Aviation, Telesat, OneWeb, Amazon Kuiper, Eutelsat, Hughes, Swedish Space Corporation, Orange, SES, Rivada Space Networks
May 2023 Market Monitor 06/12/2023 20230612
Earth Observation Quarterly Financial Review 06/22/2023 20230622 Planet, BlackSky, Satellogic, ISI, Satrec Initiative, Spire, Maxar, Leostella, Terran Orbital, Elecnor Deimos, OroraTech
Megaconstellation Monthly: June 2023 07/05/2023 20230705 Rivada Space Networks, SpaceX, Hughes, Airbus, Telesat, AST SpaceMobile, Lynk Global, OneWeb, Intellian, One NZ
June 2023 Market Monitor 07/10/2023 20230710
2Q 2023 Satellite & Space Market Monitor 07/17/2023 20230717
ViaSat-3: An In-Depth Financial & Strategic Analysis 07/24/2023 20230724 VSAT Amazon, Anuvu, Astranis, Astroscale, Boeing, ClearSpace Today, Delta, D-Orbit, Eutelsat, Gilat, GoGo, Hughes, Inmarsat, Intellian, Intelsat, JetBlue, KVH, L3 Harris, Marlink, Maxar, Navarino, Northrop Grumman Astro Aerospace, Northrop Grumman Space Logistics, OneWeb, Panasonic, RigNet, SES, Southwest, SpaceX, Speedcast, Spirit, SSL, Starlink, St Engineering iDirect, SWISSto12, Terran Orbital, Thales, ThinKom, Viasat
IRDM: Q2 23 Earnings Review & Financial Analysis: Flying Too Close to the Sun? A Good Quarter Not Good Enough 08/01/2023 20230801 IRDM Iridium, AST SpaceMobile, Astrocast, Echostar, Garmin, Globalstar, Qualcomm, Inmarsat, and SpaceX
Megaconstellation Monthly: July 2023 08/01/2023 20230801
July 2023 Market Monitor 08/04/2023 20230804
GILT: Q2 2023 Earnings Review & Financial Analysis: IFC Blowout Continues – Revenues Up 22%, AEBITDA up 74%; Full-Year AEBITDA Guidance Raised 9% 08/14/2023 20230814 GILT OneWeb, Intelsat, SES, Satcom Direct, Hughes, Viasat, CPI, General Dynamics, Teledyne, SpaceX, AST SpaceMobile, Amazon
KVHI: Hits the Starlink Wall; VSAT Growth Slowest Since 1Q18; Product Sales in Freefall? 08/17/2023 20230817 KVHI Intelsat, Marlink, SpaceX, Speedcast, Viasat
SATS: EchoStar to Merge with DISH; Jupiter-3 On-Orbit But Future Plans on Hold 08/18/2023 20230818 SATS DISH, OneWeb
EO Sector Spotlight: Hyperspectral Satellite Imagery 08/21/2023 20230821 Amazon Web Services, Astro Digital, Boeing, BlackSky, Esper Satellite Imagery, Google, HySpecIQ, Hypersat, Kuva Space, LeoStella, Maxar, Metaspectral, Northstar Earth & Space, OHB, ONEOK, Orbital Sidekick, Planet, Pixxel, Reaktor, Rio Tinto, Satellogic, Sidus Space, SpaceX, Qinetiq, Williams, Wyvern, Xplore
BlackSky (BKSY): Q2 2023 Earnings Review & Financial Analysis 09/01/2023 20230901 BKSY Blacksky, Rocket Lab, Synmax, Spire
Spire (SPIR): Q2 2023 Earnings Review & Financial Analysis 09/01/2023 20230901 SPIR PlanetIQ, Navidium, OroraTech, GHGsat
ImageSat International (ISI): Q2 2023 Earnings Review & Financial Analysis 09/01/2023 20230901 ISI ISI (ImageSat International)
Megaconstellation Monthly for August 2023 09/01/2023 20230901 Space Exploration Technologies Corp., AST SpaceMobile Inc., MDA, SatixFy Ltd., Exoterra Resource, LLC, Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, York Space Systems LLC, Boeing Company, Terran Orbital, Telesat Canada (fka Telesat Holdings Inc.), Anduril Industries, Inc., Apollo Fusion, Inc., Astra Space, Inc., Busek Co. Inc., Leidos Inc. , United Launch Alliance, LLC, OneWeb, Ltd
August 2023 Market Monitor 09/11/2023 20230911
Planet (PL): Q2 2023 Earnings Review & Financial Analysis 09/13/2023 20230913 PL Planet
EO Quarterly Financial Review (Q2 2023) 09/28/2023 20230928 Planet, Spire, BlackSky, Satellogic, Windward, Satrec Initiative, Image Sat International,
Megaconstellation Monthly September 2023 10/02/2023 20231002