Satellite operator Thaicom Public Company Limited (THCOM),announced its financial results for the second quarter ended 30 June 2019. Thaicom reported a decrease in net profit compared to the previous quarter and the same quarter of last year due to the recognition of several extra expenses.

Thaicom reported revenue from sales and services for Q2/2019 of US$39.5 million (THB 1,217 million) — down by 18.6% from Q2/2018 and down by 6.6% from Q1/2019 — as a result of reduced satellite utilization and special price adjustment for a major customer.

According to Euroconsult's newly released research, Prospects for the Small Satellite Market, the market for small satellite (smallsat) manufacturing and launch will grow from US$ 12.6 billion in 2009-2018 to US$ 42.8 billion in the coming decade from 2019-2028, nearly quadrupling in size.

While the growth is led by large constellations such as OneWeb, SpaceX’s Starlink and Amazon’s Project Kuiper, the findings show that the smallsat industry is highly diverse, with demand from a variety of operators, start-ups, universities, and countries.

Key Findings

Netgem's board of directors released the company’s half-year financial statements on Wednesday highlighted by revenues of US$14.5 million (€13.1 million), a decline of 9.9% from the previous year’s first half, and a net revenue of US$7.42 million (€7.42 million), a decrease of 4.3% from the previous year. The company posted a net loss of US$2.66 million (€2.4 million) for the first half.

The satellite communication equipment market worldwide is projected to grow by US$16.5 billion, guided by a compounded growth (CAGR) of 8.6%.

According to Research and Markets, which produced the report, staying on top of trends is essential for decision makers to leverage this emerging opportunity. The report addresses this very need and provides the latest scoop on all major market segments. Maritime, one of the segments analyzed and sized in this study, displays the potential to grow at over 9.9%.

Satellite operator Intelsat S.A. (NYSE: I), reported total revenue of US $ 509.4 million for the three months ended June 30, 2019. But it also posted a net loss of US$ 529.7 million because of a US$ 381.6 million asset impairment charge incurred in the second quarter of 2019 for the total loss of Intelsat 29e satellite in April this year.

This translates to a quarterly loss of $1.05 per share and compares to loss of $0.38 per share a year ago. Yahoo Finance says the quarterly report represents an earnings surprise of -10.53%.

Cord-cutting in developed Asia-Pacific (APAC) is set to offset gains in Direct-to-Home (DTH) and Internet Protocol television (IPTV) in emerging APAC (South and Southeast Asia) and as a result, the overall region is forecast to witness a marginal decline in pay-TV household penetration from 67.4% in 2018 to 67.0% by the end of 2023, according to GlobalData, a leading data and analytics company.

Hughes Network Systems, LLC has announced that PHSAT Telecom Solutions, Inc. (PHSAT), has chosen the Hughes' Jupiter System to enable Internet services for its small- to medium-enterprise (SME) customers. PHSAT, providing domestic and international telecommunication services to businesses throughout the Philippines, selected the Jupiter System to improve the efficiency and performance of satellite broadband services to its customer base while laying the foundation for future 4G implementations.

AMOS satellite fleet operator Spacecom has announced that the AMOS-17 satellite is in the final stages of its prelaunch preparation for its scheduled liftoff on August 3.

The satellite will be launched to geostationary transfer orbit from Cape Canaveral, FL, USA on a Falcon-9 launch vehicle by SpaceX . This will be SpaceX's 10th mission of the year and will be the first launch of the year with no planned landing.

SES S.A. reported a slight decline in its first-half core profits for the six months ended 30 June 2019 but the company stuck with its guidance for 2019 and 2020  saying its performance is in line with SES’ expectations and continued growth in networks’ revenue.

Satellite Operator Benchmarks 2019, the ninth in its series, tracks, rates and compares the operational and commercial performance of satellite operators, as experienced by teleport operators, in order to strengthen the industry by driving self-improvement across all companies.