M2M/IoT satellite startup Sky and Space Global says cash now sufficient for coming year

by Peter B. de Selding

PARIS — Startup satellite narrowband M2M/IoT service provider Sky and Space Global (SAS) reported a narrower net loss in the 12 months ending June 30 compared to the previous year and said that a previous stock issue had raised sufficient cash to cover expenses for the coming 12 months.

The company, registered in Britain and traded on the Australia Stock Exchange (ASX), is in a race to line up customer commitments for its future constellation — to launch starting in early 2019 — before it confronts the increased capex associated with the constellation’s construction . . .

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