Beam Communications Holdings Ltd (ASX: BCC) recently made waves in the stock market as investors began to appreciate the strong growth potential of the only ASX-listed mobile satellite equipment developer.
The acceleration in investor activity has seen BCC stock rebound by more than 70% in the past six months, to December 23, 2021.
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What attracted more investors to BCC?
The spike in interest can be attributed to the rapid growth that Beam Communications has witnessed this year.
The company has become a world leader in personal satellite communication devices, primarily through its most advanced satcom innovations, including ZOLEO and Iridium GO !. In addition, a multitude of teams of knowledgeable and experienced professionals, well-written strategies and subscription activities have guided the company on an exciting path to success.
The only ASX-listed mobile satellite equipment developer serves some of the world’s largest satellite communications players, including Telstra Corporation Limited (ASX: TLS), Thuraya, KDDI Corporation, Inmarsat and Iridium Communications Inc (NASDAQ : IRDM).
Beam’s exceptional financial performance
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Beam Communications enjoys a solid financial position. The Company has a strong balance sheet and financial position, which allows Beam to exploit strategic growth opportunities.
The Company achieved record sales in fiscal 2021. The strong revenue performance was sparked by a magnificent increase in sales of ZOLEO, a seamless global messaging solution designed and developed by Beam. ZOLEO JV’s revenue increased six-fold to AU $ 13.5 million during the reporting period.
An award-winning innovative messaging device, ZOLEO allows users to stay connected and secure even beyond mobile coverage. Since its launch in early 2020, BCC has received orders for a total of 142,185 ZOLEO devices at the start of December 2021.
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In addition, SatPhone Shop, a wholly-owned subsidiary of Beam and the largest supplier of satellite equipment Telstra, also recorded a 27.5% increase in sales in FY21. Demand is driven by governments and customers of midsize businesses.
Another factor contributing to the outstanding performance of the Company is the growing demand for Iridium GO !. Beam has received orders for more than 57,500 Iridium GO! units since its launch in 2014.
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Prospects for new achievements during the financial year 22
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An action-packed FY21 set the tone for Beam Communications to reach greater heights during the current FY22 fiscal year.
Company targets increased sales of ZOLEO, further expansion into major global markets, launch of next generation Iridium satellite devices called Iridium Certus®, and increased subscription-based revenue in fiscal 22 .
Overall, the different parameters for FY21 and FY22 place Beam Communications on the preferred list of investors as one of the most promising players in the global information, communications and communications market. technology.
To learn more about Beam Communications, click here.
BCC shares were trading at AU $ 0.410 at noon on December 24, 2021.