Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₪2.44, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 15x in the Telecom industry in Asia. Total returns to shareholders of 132% over the past three years. Reported Earnings • May 24
First quarter 2026 earnings released: EPS: US$0.04 (vs US$0.01 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.04 (up from US$0.01 loss in 1Q 2025). Revenue: US$20.2m (down 12% from 1Q 2025). Net income: US$2.87m (up US$3.22m from 1Q 2025). Profit margin: 14% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: US$0.52 (vs US$0.45 in FY 2024) Full year 2025 results: EPS: US$0.52 (up from US$0.45 in FY 2024). Revenue: US$88.7m (down 11% from FY 2024). Net income: US$21.8m (up 35% from FY 2024). Profit margin: 25% (up from 16% in FY 2024). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₪3.25, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 16x in the Telecom industry in Asia. Total returns to shareholders of 130% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪3.24, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 146% over the past three years. Aankondiging • Jan 02
Space-Communication Ltd Appoints as A Non-Executive Director, Effective December 31, 2025 BATM notified that Ayala Hakim, an External Director (as defined under Israeli law) of the Group, has been appointed as a Non-Executive Director of Space-Communication Ltd. (TASE: SCC), with effect from 31 December 2025. Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: US$0.03 (vs US$0.02 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.03 (up from US$0.02 loss in 3Q 2024). Revenue: US$21.8m (down 13% from 3Q 2024). Net income: US$1.02m (up US$1.86m from 3Q 2024). Profit margin: 4.7% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₪3.19, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪4.35, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to ₪4.05, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 17x in the Telecom industry in Asia. Total loss to shareholders of 5.2% over the past three years. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: US$0.02 (vs US$0.03 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.02 (up from US$0.03 loss in 2Q 2024). Revenue: US$21.9m (down 12% from 2Q 2024). Net income: US$701.0k (up US$1.61m from 2Q 2024). Profit margin: 3.2% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • May 28
First quarter 2025 earnings released: US$0.01 loss per share (vs US$0.02 profit in 1Q 2024) First quarter 2025 results: US$0.01 loss per share (down from US$0.02 profit in 1Q 2024). Revenue: US$22.8m (down 9.3% from 1Q 2024). Net loss: US$345.0k (down 149% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. New Risk • May 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 1,861% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (₪14.9m market cap, or US$4.20m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: US$0.45 (vs US$0.72 loss in FY 2023) Full year 2024 results: EPS: US$0.45 (up from US$0.72 loss in FY 2023). Revenue: US$100.0m (flat on FY 2023). Net income: US$16.2m (up US$41.5m from FY 2023). Profit margin: 16% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Third quarter 2024 earnings released: US$0.02 loss per share (vs US$0.08 loss in 3Q 2023) Third quarter 2024 results: US$0.02 loss per share (improved from US$0.08 loss in 3Q 2023). Revenue: US$24.9m (flat on 3Q 2023). Net loss: US$837.0k (loss narrowed 69% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Aankondiging • Nov 01
Space-Communication Ltd, Annual General Meeting, Dec 23, 2024 Space-Communication Ltd, Annual General Meeting, Dec 23, 2024. Location: co. offices, Israel Reported Earnings • Aug 21
Second quarter 2024 earnings released: US$0.03 loss per share (vs US$0.07 loss in 2Q 2023) Second quarter 2024 results: US$0.03 loss per share (improved from US$0.07 loss in 2Q 2023). Revenue: US$24.8m (up 1.0% from 2Q 2023). Net loss: US$913.0k (loss narrowed 64% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 28
Full year 2023 earnings released: US$0.72 loss per share (vs US$2.73 loss in FY 2022) Full year 2023 results: US$0.72 loss per share (improved from US$2.73 loss in FY 2022). Revenue: US$99.2m (flat on FY 2022). Net loss: US$25.3m (loss narrowed 64% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Aankondiging • Mar 23
Space-Communication Ltd, Annual General Meeting, Apr 25, 2024 Space-Communication Ltd, Annual General Meeting, Apr 25, 2024, at 13:00 Israel Standard Time. Reported Earnings • Dec 26
Third quarter 2023 earnings released: US$0.08 loss per share (vs US$0.31 loss in 3Q 2022) Third quarter 2023 results: US$0.08 loss per share (improved from US$0.31 loss in 3Q 2022). Revenue: US$25.2m (up 2.4% from 3Q 2022). Net loss: US$2.73m (loss narrowed 64% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. New Risk • Nov 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (₪28.2m market cap, or US$7.60m). Minor Risk Shareholders have been diluted in the past year (32% increase in shares outstanding). New Risk • Oct 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (₪30.8m market cap, or US$7.63m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (32% increase in shares outstanding). Reported Earnings • Aug 31
Second quarter 2023 earnings released: US$0.07 loss per share (vs US$0.85 loss in 2Q 2022) Second quarter 2023 results: US$0.07 loss per share (improved from US$0.85 loss in 2Q 2022). Revenue: US$24.6m (up 1.7% from 2Q 2022). Net loss: US$2.56m (loss narrowed 87% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. New Risk • Aug 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₪37.4m (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (₪37.4m market cap, or US$9.88m). Minor Risk Shareholders have been diluted in the past year (32% increase in shares outstanding). Reported Earnings • May 30
First quarter 2023 earnings released: US$0.05 loss per share (vs US$0.09 loss in 1Q 2022) First quarter 2023 results: US$0.05 loss per share (improved from US$0.09 loss in 1Q 2022). Revenue: US$24.2m (flat on 1Q 2022). Net loss: US$1.83m (loss narrowed 15% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 24% per year. Reported Earnings • Mar 30
Full year 2022 earnings released: US$2.73 loss per share (vs US$0.64 loss in FY 2021) Full year 2022 results: US$2.73 loss per share (further deteriorated from US$0.64 loss in FY 2021). Revenue: US$98.2m (up 4.9% from FY 2021). Net loss: US$70.2m (loss widened 355% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 22% per year. Reported Earnings • Dec 02
Third quarter 2022 earnings released: US$0.31 loss per share (vs US$0.09 loss in 3Q 2021) Third quarter 2022 results: US$0.31 loss per share (further deteriorated from US$0.09 loss in 3Q 2021). Revenue: US$24.6m (up 4.3% from 3Q 2021). Net loss: US$7.46m (loss widened 228% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent External Director Yaelle Schnitzer was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Jun 02
First quarter 2022 earnings released: US$0.09 loss per share (vs US$0.17 loss in 1Q 2021) First quarter 2022 results: US$0.09 loss per share (up from US$0.17 loss in 1Q 2021). Revenue: US$24.1m (up 5.7% from 1Q 2021). Net loss: US$2.16m (loss narrowed 48% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Shuki Raz was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: US$0.64 loss per share (vs US$1.46 loss in FY 2020) Full year 2021 results: US$0.64 loss per share (up from US$1.46 loss in FY 2020). Revenue: US$93.7m (up 6.7% from FY 2020). Net loss: US$15.4m (loss narrowed 56% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: US$0.09 loss per share (up from US$0.25 loss in 3Q 2020). Revenue: US$23.6m (up 6.6% from 3Q 2020). Net loss: US$2.28m (loss narrowed 62% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 04
Second quarter 2021 earnings released: US$0.38 loss per share (vs US$0.37 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$23.1m (up 5.9% from 2Q 2020). Net loss: US$4.56m (loss narrowed 48% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Aankondiging • Jun 16
Space-Communication Ltd announced that it expects to receive ILS 215.000003 million in funding from 4iG Nyrt. Space-Communication Ltd (TASE:SCC) announced that it has signed a non-binding letter of intent with new investor, 4iG Nyrt. (BUSE:4IG) for a private placement of 25,294,118 common shares at a price of ILS 8.50 per share for gross proceeds of ILS 215,000,003 on June 15, 2021. The Investor will acquire 51% stake in the company through this transaction. The transaction is conditioned upon further negotiations, due diligence, regulatory approvals including Israel’s Communications Ministry, approval by company's shareholders, agreement by third-parties currently contracted with the company, whose contracts have this obligation. The deadline for meeting these conditions is mid-August 2021 and the transaction is expected to close this fall. Is New 90 Day High Low • Feb 18
New 90-day high: ₪5.49 The company is up 18% from its price of ₪4.67 on 19 November 2020. The Israeli market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₪5.10 The company is up 28% from its price of ₪3.97 on 17 September 2020. The Israeli market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 3.0% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: ₪4.99 The company is up 5.0% from its price of ₪4.77 on 25 August 2020. The Israeli market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is down 2.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: US$0.25 loss per share The company reported a soft third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: US$22.1m (up 8.2% from 3Q 2019). Net loss: US$6.00m (loss widened 275% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.