SatixFy Communications Ltd. reported its financial results for the first quarter of 2025, highlighting significant revenue growth. Total revenues for the quarter reached $4.9 million, marking a 158% increase compared to $1.9 million in the same period of 2024. This growth was driven by development services and preproduction revenues, which rose to $4.0 million, a 167% increase from $1.5 million in the first quarter of 2024. Revenues from product sales also increased by 122%, reaching $0.9 million from $0.4 million in the previous year. The company reported a net loss of $10.3 million for the first quarter of 2025, an improvement of 9% from a net loss of $11.3 million in the first quarter of 2024. This improvement was primarily due to the increased revenue. Operating loss improved by 20%, dropping to $6.1 million from $7.7 million in the same period of 2024. Gross profit for the quarter was $2.9 million, an 82% increase from $1.6 million in 2024, though gross margin decreased to 59% from the unusually high 83% reported in the first quarter of 2024 due to non-recurring engineering work. General and administrative expenses rose to $2.3 million compared to $1.9 million in the previous year. Research and development expenses were $6.4 million, slightly down from $6.8 million, attributed to lower tape-out costs and post-silicon costs. The company ended the quarter with $7.8 million in cash and cash equivalents, down from $14.4 million as of December 31, 2024. CEO Nir Barkan expressed satisfaction with the strong momentum and revenue growth, underscoring the company's position as a leader in next-generation satellite communication systems.