BCC
Director Trades
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Company News
Beam Communications looks to unlock latent value in ZOLEO JV through arbitration
Leading Australian mobile satellite technology innovator Beam Communications (ASX: BCC) has welcomed news that arbitration has commenced to clear up recent issues related to its ZOLEO joint venture. Equally owned by Beam and Canada’s Roadpost Inc., the ZOLEO joint venture is responsible for the highly successful ZOLEO product range, with around 80,000 subscribing customers and […]
Beam Communications shining bright with record year and further growth expected
Satellite applications and services specialist Beam Communications (ASX: BCC) is confident it will continue its current record run of business success with further growth expected over the current financial year. The company has revealed record levels of returns across a number of metrics including revenue, net profit and earnings before interest, tax, depreciation and amortisation […]
Market wrap: ASX falls as Bank of Japan flexes its muscles
The Australian share market shed 0.7% in Friday trade as the Bank of Japan shook up markets with a pledge to be more flexible in managing interest rates. The 52.3-point fall to 7403.6 points on the ASX 200 was a solid fall but still left the Australian market up 1.2% for the week after it […]
Beam Communications signals continued growth with strong finish to FY 2023
SatCom specialist Beam Communications (ASX: BCC) is celebrating a positive finish to its 2023 financial year on the back of record earnings and a number of new contracts wins in the June quarter. The mobile satellite solutions and services provider achieved a 75% jump in operating cash inflow to $2.5 million and a 39% cash […]
Beam Communications FY23 earnings and revenue expected to reach record highs
Mobile satellite technology developer Beam Communications (ASX: BCC) has announced that its earnings and revenue for the 2023 financial year are expected to reach record highs. The company said earnings before interest, tax, depreciation and amortisation (EBITDA) would meet its full-year guidance of $4 million while revenue would hit approximately $40 million to be significantly […]
Are Apple and Starlink a benefit or threat to companies like Beam Communications?
Local telecommunications users are currently debating the benefits or potential issues related to new mobile phone and satellite internet connection offerings. The recent release of Apple’s iPhone 14 and the Tesla-backed Starlink have raised hopes with some public users that they will now have access to easy global internet coverage. The matter has been further […]
Market wrap: good news on jobs turns to bad news for shares
Once again, the Australian share market turned good economic news into a bad share performance as the ASX 200 index slumped to a three-month low of just 7042.3 points. Hot US jobs figures from ADP Research found that employers added 497,000 jobs in June – nearly double what was expected – driving most traders to […]
Beam Communications shining bright with major Iridium GO! order
Beam Communications (ASX: BCC) has continued its strong recent performance with the awarding of approximately $2.5 million in new orders from global satellite technology leader Iridium Communications (NASDAQ: IRDM). The new order for the Iridium GO! Devices is expected to be filled within FY24 and FY25. The company says that while it was initially unveiled […]
Beam Communications launches Zoleo Track service to accelerate B2B adoption
Beam Communications (ASX: BCC) has announced the release of the Zoleo Track service for enterprise and government customers to bolster the adoption of its satellite communicator in the business-to-business market. The service has been launched by the Zoleo Inc joint venture which comprises Beam and US mobile satellite solutions provider Roadpost Inc. It is expected […]
Beam Communications receives cash injection in heavily oversubscribed placement
Satellite communications technology company Beam Communications Holdings (ASX: BCC) will receive a large cash injection, with demand exceeding $12 million of what was originally a $2.5 million placement. Leading boutique investment management and corporate advisory firm Peak Asset Management conducted the offer – initially seeking $2.5 million with significant demand coming from both local and […]
