Overview
- Revenue rose to $117.69 million versus a $113.2 million estimate as adjusted EPS reached $0.19 versus $0.10 expected, both improving year over year.
- Commercial revenue surged to $72.95 million, Peru contributed $20.64 million on a sharp rebound, and Defense delivered $24.09 million, lower than last year.
- New bookings included $42 million in SkyEdge IV orders, more than $14 million in U.S. defense transportable SATCOM contracts, a $7 million in‑flight connectivity deal, and an award exceeding $60 million for the Stellar Blu ESA Sidewinder terminal.
- The company announced a $66 million private placement and ended the quarter with $154.89 million in cash, cash equivalents, and restricted cash.
- Full‑year guidance now calls for $445 million to $455 million in revenue and $51 million to $53 million in adjusted EBITDA, as shares traded up 3.61% premarket to $12.93.