foreign operations - (272)
-------------------- --- ---------------------
Total comprehensive
loss for the period (21,261) (46,528)
==================== =====================
Basic and diluted
loss per share (in
dollars) (0.25) (0.57)
==================== =====================
Basic and diluted
weighted average
common shares
outstanding 83,777,164 80,732,123
==================== === ===================== ===
UNAUDITED INTERIM CONDENSED CONSOLIDATED
STATEMENTS OF FINANCIAL POSITION
June 30, December 31,
----------------------- ----------------------
2024 2023
----------------------- ----------------------
ASSETS
CURRENT ASSETS:
Cash and cash
equivalents 7,922 13,979
Trade accounts
receivable, net 2,455 2,260
Contract assets 3,358 4,091
Prepaid expenses and
other 1,735 2,332
Government departments
and agencies
receivables 4,130 3,076
Related parties 46 75
Promissory notes 2,841 20,000
Inventory 1,903 1,475
----------------------- ----------------------
Total current assets 24,390 47,288
----------------------- ----------------------
NON-CURRENT ASSETS:
Other long-term
receivables 2,000 2,000
Right-of-use assets,
net 1,895 2,235
Property, plant and
equipment, net 1,934 1,420
Investment in Jet Talk 1,532 1,551
Long-term deposits 181 208
----------------------- ----------------------
Total non-current
assets 7,542 7,414
----------------------- ----------------------
TOTAL ASSETS 31,932 54,702
======================= ======================
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
------------------------------------------------------
June 30, December 31,
-------------------------- --------------------------
2024 2023
-------------------- ---- -------------------- ----
LIABILITIES AND
SHAREHOLDERS'
DEFICIT
CURRENT LIABILITIES:
Trade payables 1,388 1,378
Contract liabilities 120 1,720
Current interest
payable of Long
term loans from
financial
institutions, net 9,174 -
European Space
Agency ("ESA")
advance payments 3,047 3,842
Prepayments from
customers 2,758 3,858
Advanced payments
from MDA Space and
Robotics Limited,
an affiliate of MDA
Ltd. ("MDA"),
against future
orders 29,634 28,138
Lease liabilities 696 639
Other accounts
payable and accrued
expenses 4,724 9,704
Related parties 164 740
-------------------- ---- -------------------- ----
Total current
liabilities 51,705 50,019
-------------------- ---- -------------------- ----
NON-CURRENT
LIABILITIES:
Long-term loans from
financial
institutions 56,581 59,792
Lease liabilities 1,653 2,067
Derivatives
instruments
liabilities 114 114
Liability for
royalties payable 1,193 1,496
-------------------- ---- -------------------- ----
Total non-current
liabilities 59,541 63,469
-------------------- ---- -------------------- ----
SHAREHOLDERS'
DEFICIT:
Share capital - -
Share premium 451,826 451, 093
Capital reserves 1,444 1,444
Accumulated deficit (532,584) (511,323)
Total shareholders'
deficit (79,314) (58,786)
-------------------- --- -------------------- ---
TOTAL LIABILITIES
AND SHAREHOLDERS'
DEFICIT 31,932 54,702
==================== ==== ==================== ====
View source version on businesswire.com: https://www.businesswire.com/news/home/20240906147018/en/
CONTACT: Investor Contact:
Kenny Green & Ehud Helft, EK Global IR, satixfy@ekglobal.com
Media Contact:
Aviv Sax Nahamoni, info@satixfy.com
(END) Dow Jones Newswires
September 06, 2024 09:15 ET (13:15 GMT)
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