MDA Space is set to acquire SatixFy Communications, which has seen a pre-market increase of 64.2% in its stock price following the announcement. SatixFy reported revenue of $20.6 million for the year 2024, surpassing forecasts, and has a backlog of $88 million, with MDA accounting for 22% of its revenue. The proposed acquisition values SatixFy at 13 times its revenue. Additional financial results were reported by Aelis Farma and Cenntro, with Aelis confirming its outlook for 2025, while Vitura also released its annual results for 2024.
Vitura : Résultats annuels 2024 https://t.co/wN7idmzuqJ
Vitura: 2024 Annual Results https://t.co/fgeUBKHOBA https://t.co/tkYFtQBWPv
Cenntro Announces Full Year 2024 Financial Results https://t.co/1LTuRukcI0 https://t.co/HhAreHeCMz