Satixfy Communications Ltd. announces results for the first quarter ended March 31, 2024.

Satixfy Communications Ltd. announced its financial results for the first quarter ended March 31, 2024. For the first quarter, the company recorded revenue of $1.91 million compared to $2.39 million a year ago. The net loss was $11.28 million compared to $32.41 million a year earlier.

Basic loss per share from continuing operations was $0.14 compared to $0.4 a year earlier. Diluted loss per share from continuing operations was $0.14 compared to $0.4 a year earlier.