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Sanmina Reports Fourth Quarter and Fiscal 2024 Financial Results

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SAN JOSE, Calif., Nov. 4, 2024 /PRNewswire/ — Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fourth quarter and fiscal year ended September 28, 2024 and outlook for its fiscal first quarter ending December 28, 2024.

Fourth Quarter Fiscal 2024 Financial Highlights

•    Revenue: $2.02 billion

•    GAAP operating margin: 4.4%

•    GAAP diluted EPS: $1.09

•    Non-GAAP(1) operating margin: 5.3%

•    Non-GAAP(1) diluted EPS: $1.43

Fiscal Year 2024 Financial Highlights

•    Revenue: $7.57 billion

•    GAAP operating margin: 4.4%

•    GAAP diluted EPS: $3.91

•    Non-GAAP(1) operating margin: 5.4%

•    Non-GAAP(1) diluted EPS: $5.28

Additional Highlights

•    Cash flow from operations: Q4 $52 million and FY’24 $340 million

•    Free cash flow(2): $29 million in Q4 and $231 million in FY’24

•    Share repurchases: 0.9 million shares for $65 million in Q4 and approximately 4.0 million shares for $227 million in FY’24 

•    Q4 ending cash and cash equivalents: $626 million

(1)

See Schedule 1 below for information regarding the items excluded from and our use of non-GAAP financial measures. A reconciliation of the non-GAAP financial information contained in this release to their most directly comparable GAAP measures is included in the financial statements furnished with this release.

(2)

See Condensed Consolidated Cash Flow Statement included in the financial statements furnished with this release.

“We finished the year with solid momentum. Our fourth quarter revenue was up 9.6 percent sequentially, and non-GAAP diluted earnings per share was up 14.3 percent over the prior quarter and exceeded our outlook. We saw growth in the majority of our end-markets, primarily with strength from the communications networks and cloud infrastructure,” stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation.

“Our fiscal year 2024 results were in line with our expectations as we managed a challenging first half with improvements in the second half of the year. While our revenue was impacted for the year, we delivered another solid year of cash flow from operations. Furthermore, we demonstrated our commitment to return value to our shareholders by repurchasing 4 million shares for $227 million in fiscal 2024.” 

“The team has done an excellent job navigating the market dynamics and the Company continues to demonstrate resilience. Based on the forecasts from our customers and currently healthy demand levels, we expect fiscal 2025 to be a growth year,” concluded Sola.

First Quarter Fiscal 2025 Outlook
The following outlook is for the fiscal first quarter ending December 28, 2024. These statements are forward-looking and actual results may differ materially. 

Revenue between $1.925 billion to $2.025 billionGAAP diluted earnings per share between $1.03 to $1.13Non-GAAP diluted earnings per share between $1.30 to $1.40

Safe Harbor Statement
The statements above including our financial outlook for the first quarter fiscal 2025 and expectations for growth in fiscal 2025 generally, constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in these statements as a result of a number of factors, including adverse changes to the key markets we target; significant uncertainties that can cause our future sales and net income to be variable; reliance on a small number of customers for a substantial portion of our sales; risks arising from our international operations; geopolitical uncertainty, including from the war in Ukraine and conflict in the Middle East; and the other risk factors set forth in the Company’s annual and quarterly reports filed with the Securities Exchange Commission.

The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements made in this earnings release, the conference call or the Investor Relations section of our website whether as a result of new information, future events or otherwise, unless otherwise required by law.

Company Conference Call Information
Sanmina will hold a conference call to review its financial results for the fourth quarter and fiscal year 2024 and outlook for the first quarter of fiscal 2025 on Monday, November 4, 2024 at 4:30 p.m. ET (1:30 p.m. PT). The access numbers are: domestic 800-836-8184 and international 646-357-8785. The conference will also be webcast live over the Internet. You can log on to the live webcast at Q4’24 Earnings. Additional information in the form of a slide presentation is available on Sanmina’s website at www.sanmina.com. A replay of the conference call will be available for 48-hours. The access numbers are: domestic 888-660-6345 and international 646-517-4150, access code is 88946#.

About Sanmina
Sanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Sanmina has facilities strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com.

Sanmina Contact
Paige Melching
SVP, Investor Communications
408-964-3610

 

Sanmina Corporation

Condensed Consolidated Balance Sheets

(in thousands)

(GAAP)

(Unaudited)

September 28,
2024

September 30,
2023

ASSETS

Current assets:

Cash and cash equivalents

$          625,860

$          667,570

Accounts receivable, net

1,337,562

1,230,771

Contract assets

384,077

445,757

Inventories

1,335,744

1,477,223

Prepaid expenses and other current assets

79,301

58,249

Total current assets

3,762,544

3,879,570

Property, plant and equipment, net

616,067

632,836

Deferred tax assets

160,703

177,597

Other

175,646

183,965

Total assets

$       4,714,960

$       4,873,968

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$       1,485,484

$       1,612,833

Accrued liabilities

196,681

267,148

Accrued payroll and related benefits

133,129

127,406

Short-term debt, including current portion of long-term debt

17,500

25,945

Total current liabilities

1,832,794

2,033,332

Long-term liabilities:

Long-term debt

299,823

312,327

Other

220,835

209,684

Total long-term liabilities

520,658

522,011

Stockholders’ equity

2,361,508

2,318,625

Total liabilities and stockholders’ equity

$       4,714,960

$       4,873,968

 

Sanmina Corporation

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

(GAAP)

(Unaudited)

Three Months Ended

Twelve Months Ended

September 28,
2024

September 30,
2023

September 28,
2024

September 30,
2023

Net sales

$     2,017,505

$     2,052,019

$     7,568,328

$     8,935,048

Cost of sales

1,846,212

1,878,591

6,927,899

8,191,837

Gross profit

171,293

173,428

640,429

743,211

Operating expenses:

Selling, general and administrative

70,490

62,124

266,194

255,072

Research and development

8,243

7,715

28,514

26,427

Restructuring

2,970

4,323

10,227

6,054

Total operating expenses

81,703

74,162

304,935

287,553

Operating income

89,590

99,266

335,494

455,658

Interest income

2,799

3,910

12,440

13,595

Interest expense

(5,047)

(8,257)

(29,183)

(36,290)

Other expense

(564)

(8,168)

(1,216)

(20,156)

Interest and other, net

(2,812)

(12,515)

(17,959)

(42,851)

Income before income taxes

86,778

86,751

317,535

412,807

Provision for income taxes

19,438

21,396

79,784

85,294

Net income before noncontrolling interest

67,340

65,355

237,751

327,513

     Less: Net income attributable to noncontrolling interest

5,959

3,514

15,215

17,543

Net income attributable to common shareholders

$          61,381

$          61,841

$        222,536

$        309,970

Net income attributable to common shareholders per share:

Basic

$               1.12

$               1.08

$               4.00

$               5.36

Diluted

$               1.09

$               1.04

$               3.91

$               5.18

Weighted-average shares used in computing per share amounts:

Basic

54,783

57,406

55,592

57,847

Diluted

56,235

59,178

56,970

59,815

 

Sanmina Corporation

Reconciliation of GAAP to Non-GAAP Measures

(in thousands, except per share amounts)

(Unaudited)

Three Months Ended

Twelve Months Ended

September 28,
2024

June 29,
2024

September 30,
2023

September 28,
2024

September 30,
2023

GAAP Operating income

$           89,590

$           82,367

$          99,266

$         335,494

$         455,658

GAAP Operating margin

4.4 %

4.5 %

4.8 %

4.4 %

5.1 %

Adjustments:

Stock compensation expense (1)

15,489

14,682

12,942

57,407

50,402

Amortization of intangible assets

—

—

1,342

—

2,493

Distressed customer charges (recoveries)
(2)

—

(2,500)

—

1,799

—

Legal and other (3)

(720)

500

—

1,130

5,170

Restructuring

2,970

1,793

4,323

10,227

6,054

Non-GAAP Operating income

$         107,329

$           96,842

$        117,873

$        406,057

$        519,777

Non-GAAP Operating margin

5.3 %

5.3 %

5.7 %

5.4 %

5.8 %

GAAP Net income attributable to common
shareholders

$           61,381

$           51,602

$          61,841

$         222,536

$         309,970

Adjustments:

Operating income adjustments (see above)

17,739

14,475

18,607

70,563

64,119

Legal and other (3)

—

—

—

(4,967)

(3,630)

Adjustments for taxes (4)

1,175

4,751

3,526

12,736

3,771

Non-GAAP Net income attributable to
common shareholders

$           80,295

$           70,828

$          83,974

$        300,868

$        374,230

GAAP Net income attributable to common
shareholders per share:

Basic

$               1.12

$               0.93

$               1.08

$               4.00

$               5.36

Diluted

$               1.09

$               0.91

$               1.04

$               3.91

$               5.18

Non-GAAP Net income attributable
to common shareholders per share:

Basic

$               1.47

$               1.28

$               1.46

$               5.41

$               6.47

Diluted

$               1.43

$               1.25

$               1.42

$               5.28

$               6.26

Weighted-average shares used in
computing per share amounts:

Basic

54,783

55,466

57,406

55,592

57,847

Diluted

56,235

56,711

59,178

56,970

59,815

(1)

Stock compensation expense

Cost of sales

$             4,700

$             4,327

$            3,978

$           17,493

$           16,763

Selling, general and administrative

10,461

10,082

8,747

38,867

32,781

Research and development

328

273

217

1,047

858

Total

$           15,489

$           14,682

$          12,942

$          57,407

$          50,402

(2)

Relates to accounts receivable and inventory write-downs (recoveries) associated with distressed
customers.

(3)

Represents expenses, charges and recoveries associated with certain legal and other matters.

(4)

GAAP provision for income taxes

$           19,438

$           19,900

$          21,396

$           79,784

$           85,294

Adjustments:

Tax impact of operating income adjustments

1,550

1,303

2,645

7,415

7,736

Discrete tax items

2,925

1,462

1,210

3,425

12,930

Deferred tax adjustments

(5,650)

(7,516)

(7,381)

(23,576)

(24,437)

Subtotal – adjustments for taxes

(1,175)

(4,751)

(3,526)

(12,736)

(3,771)

Non-GAAP provision for income taxes

$           18,263

$           15,149

$          17,870

$          67,048

$          81,523

 

Q1 FY25 Earnings Per Share Outlook*:

Q1 FY25 EPS Range

Low

High

GAAP diluted earnings per share

$                  1.03

$                  1.13

Stock compensation expense

$                  0.27

$                  0.27

Non-GAAP diluted earnings per share

$                  1.30

$                  1.40

* Due to uncertainty regarding the timing of recognition of restructuring charges, impairment charges and other unusual or infrequent items, if any, that could be incurred during the first quarter of FY25, an estimate of such items is not included in the outlook for Q1 FY25 GAAP EPS.

 

Sanmina Corporation

Condensed Consolidated Cash Flow

(in thousands)

(GAAP)

(Unaudited)

Three Month Periods

Twelve Month Periods

Q4’24

Q3’24

Q2’24

Q1’24

Q4’23

FY24

FY23

Net income before noncontrolling interest

$    67,340

$    54,738

$    55,309

$    60,364

$    65,355

$  237,751

$  327,513

Depreciation and amortization

31,654

29,764

30,274

30,726

30,521

122,418

118,237

Other, net

30,110

19,708

18,634

18,185

21,947

86,637

80,923

Net change in net working capital

(77,229)

(14,211)

(31,900)

16,750

(40,966)

(106,590)

(291,505)

Cash provided by operating activities

51,875

89,999

72,317

126,025

76,857

340,216

235,168

Purchases of long-term investments

(3,300)

(600)

(700)

(600)

(500)

(5,200)

(2,500)

Net purchases of property & equipment

(22,597)

(22,772)

(29,611)

(34,216)

(37,803)

(109,196)

(189,958)

Cash used in investing activities

(25,897)

(23,372)

(30,311)

(34,816)

(38,303)

(114,396)

(192,458)

Holdback paid in connection with previous
business combination

—

—

—

—

—

—

(8,558)

Net share repurchases

(60,412)

(54,629)

(17,477)

(115,619)

(30,397)

(248,137)

(103,681)

Net borrowing activities

—

(4,375)

(4,375)

(12,820)

4,070

(21,570)

(9,055)

Proceeds from sale of non-controlling
interest

—

—

—

—

—

—

215,799

Cash used for financing activities

(60,412)

(59,004)

(21,852)

(128,439)

(26,327)

(269,707)

94,505

Effect of exchange rate changes

2,585

(772)

(886)

1,250

(1,245)

2,177

498

Net change in cash & cash equivalents

$  (31,849)

$      6,851

$    19,268

$  (35,980)

$    10,982

$  (41,710)

$  137,713

Free cash flow:

Cash provided by operating activities

$    51,875

$    89,999

$    72,317

$  126,025

$    76,857

$  340,216

$  235,168

Net purchases of property & equipment

(22,597)

(22,772)

(29,611)

(34,216)

(37,803)

(109,196)

(189,958)

$    29,278

$    67,227

$    42,706

$    91,809

$    39,054

$  231,020

$    45,210

Schedule 1

The statements above and financial information provided in this earnings release include non-GAAP measures of operating income, operating margin, net income and earnings per share. Management excludes from these measures stock-based compensation, restructuring, acquisition and integration expenses, impairment charges, amortization charges and other unusual or infrequent items, as adjusted for taxes, as more fully described below.

Management excludes these items principally because such charges or benefits are not directly related to the Company’s ongoing core business operations. We use such non-GAAP measures in order to (1) make more meaningful period-to-period comparisons of the Company’s operations, both internally and externally, (2) guide management in assessing the performance of the business, internally allocating resources and making decisions in furtherance of Company’s strategic plan, (3) provide investors with a better understanding of how management plans and measures the business and (4) provide investors with a better understanding of our ongoing, core business. The material limitations to management’s approach include the fact that the charges, benefits and expenses excluded are nonetheless charges, benefits and expenses required to be recognized under GAAP and, in some cases, consume cash which reduces the Company’s liquidity. Management compensates for these limitations primarily by reviewing GAAP results to obtain a complete picture of the Company’s performance and by including a reconciliation of non-GAAP results to GAAP results in its earnings releases.

Additional information regarding the economic substance of each exclusion, management’s use of the resultant non-GAAP measures, the material limitations of management’s approach and management’s methods for compensating for such limitations is provided below.

Stock-based Compensation Expense, which consists of non-cash charges for the estimated fair value of equity awards granted to employees and directors, is excluded in order to permit more meaningful period-to-period comparisons of the Company’s results since the Company grants different amounts and value of equity awards each quarter. In addition, given the fact that competitors grant different amounts and types of equity awards and may use different valuation assumptions, excluding stock-based compensation permits more accurate comparisons of the Company’s core results with those of its competitors.

Restructuring, Acquisition and Integration Expenses, which consist of employee severance, lease termination costs, exit costs, environmental investigation, remediation and related employee costs and other charges primarily related to closing and consolidating manufacturing facilities and those associated with the acquisition and integration of acquired businesses, are excluded because such charges (1) can be driven by the timing of acquisitions and exit activities which are difficult to predict, (2) are not directly related to ongoing business results and (3) generally do not reflect expected future operating expenses. In addition, given the fact that the Company’s competitors complete acquisitions and adopt restructuring plans at different times and in different amounts than the Company, excluding these charges or benefits permits more accurate comparisons of the Company’s core results with those of its competitors. Items excluded by the Company may be different from those excluded by the Company’s competitors and restructuring and integration expenses include both cash and non-cash expenses. Cash expenses reduce the Company’s liquidity. Therefore, management also reviews GAAP results including these amounts.

Impairment Charges for Goodwill and Other Assets, which consist of non-cash charges, are excluded because such charges are non-recurring and do not reduce the Company’s liquidity. In addition, given the fact that the Company’s competitors may record impairment charges at different times, excluding these charges permits more accurate comparisons of the Company’s core results with those of its competitors.

Amortization Charges, which consist of non-cash charges impacted by the timing and magnitude of acquisitions of businesses or assets, are also excluded because such charges do not reduce the Company’s liquidity. In addition, such charges can be driven by the timing of acquisitions, which is difficult to predict. Excluding these charges permits more accurate comparisons of the Company’s core results with those of its competitors because the Company’s competitors complete acquisitions at different times and for different amounts than the Company.

Other Unusual or Infrequent Items, such as charges or benefits associated with distressed customers, expenses, charges and recoveries relating to certain legal matters, and gains and losses on sales of assets, are excluded because such items are typically non-recurring, difficult to predict or not directly related to the Company’s ongoing or core operations and are therefore not considered by management in assessing the current operating performance of the Company and forecasting earnings trends. However, items excluded by the Company may be different from those excluded by the Company’s competitors. In addition, these items include both cash and non-cash expenses. Cash expenses reduce the Company’s liquidity. Management compensates for these limitations by reviewing GAAP results including these amounts.

Adjustments for Taxes, which consist of the tax effects of the various adjustments that we exclude from our non-GAAP measures, and adjustments related to deferred tax and discrete tax items. Including these adjustments permits more accurate comparisons of the Company’s core results with those of its competitors. We determine the tax adjustments based upon the various applicable effective tax rates. In those jurisdictions in which we do not expect to realize a tax cost or benefit (due to a history of operating losses or other factors), a reduced tax rate is applied.

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SOURCE Sanmina Corporation

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MatchMove Receives Frost & Sullivan’s 2026 Asia-Pacific Cross-Border Payment and Remittance Solution Technology Innovation Leadership and 2026 Singapore Embedded Finance Company of the Year Recognitions for Advancing Embedded Finance and Cross-Border Payment Innovation

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54 minutes ago

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July 20, 2026

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The company is recognized for its leadership in embedded finance, cross-border payments, and programmable financial infrastructure, enabling enterprises to accelerate digital transformation across Asia-Pacific.

SAN ANTONIO, July 20, 2026 /CNW/ — Frost & Sullivan is pleased to announce that MatchMove has received the 2026 Asia-Pacific Cross-Border Payment and Remittance Solution Technology Innovation Leadership and 2026 Singapore Embedded Finance Company of the Year recognitions in the fintech and digital financial services industry for its outstanding achievements in technology innovation and customer impact. These recognitions highlight MatchMove’s leadership in transforming embedded finance and cross-border payments through a scalable banking-as-a-service (BaaS) platform that simplifies financial services while empowering enterprises to innovate with confidence.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. MatchMove excelled in both, demonstrating its ability to anticipate market evolution, align innovation with customer needs, and deliver scalable financial infrastructure across diverse markets. “MatchMove empowers enterprises with a unified platform for digital wallets, card issuance, remittance, multi-currency settlement, and Web 3.0, enabling seamless and compliant global money movement,” said Dewi Rengganis, Senior Industry Analyst, ICT at Frost & Sullivan.

Guided by a long-term growth strategy centered on digital innovation, ecosystem partnerships, and platform expansion, MatchMove continues to redefine how enterprises embed financial capabilities into their products and services across Asia-Pacific.

The company’s strategic agility and sustained investment in API-first infrastructure, programmable finance, and compliance-by-design have helped it scale efficiently across multiple markets. Its unified BaaS platform combines cross-border payments, card issuance, virtual accounts, fund collection, and payout capabilities into a single ecosystem, allowing businesses to reduce operational complexity, accelerate deployment, and launch scalable financial solutions through one integration.

“Earning both recognitions in the same year reflects what we care about most — that our platform works at the speed our customers need. Every day, enterprises across Asia-Pacific use MatchMove to issue cards, move money across borders, and embed financial services into their products without becoming a bank themselves. That’s a hard problem to solve at scale across multiple regulatory regimes and currencies, and we’ve spent years engineering it to feel simple. This recognition from Frost & Sullivan tells the market that MatchMove is the partner of choice for enterprises serious about accelerating digital transformation through embedded finance,” said Amar Abrol, President and Co-founder, MatchMove.

By simplifying financial services through a single integration point, embedding compliance directly into platform architecture, and allowing intelligent payment orchestration across global corridors, MatchMove continues to address the evolving needs of enterprises, financial institutions, and digital platforms. Its modular architecture, broad application capabilities, and focus on operational efficiency have enabled customers to deploy innovative financial products significantly faster while supporting expansion across more than 200 countries and territories.

Frost & Sullivan commends MatchMove for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s vision, technology leadership, and customer-first approach are shaping the future of embedded finance and cross-border payment infrastructure while enabling businesses to deliver seamless digital financial experiences at scale.

Each year, Frost & Sullivan presents the Technology Innovation Leadership recognition to a company that demonstrates exceptional technological advancement and commercialization, resulting in meaningful market impact and competitive differentiation. The Company of the Year recognition honors organizations that consistently excel in vision, innovation, customer value, and growth strategy while setting new benchmarks within their industries.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

About MatchMove
MatchMove is a Singapore-headquartered Banking-as-a-Service (BaaS) company and one of Asia’s leading embedded finance providers. Through its proprietary, MAS-regulated Banking Wallet OS™, MatchMove lets businesses issue accounts and cards, move payments, and offer lending — embedded directly inside their own apps, without building banking infrastructure or holding their own licences. In 2025, the platform processed over US$5 billion, issued more than 4 million cards, and reaches 200+ payout countries through 100+ partners. Recognised with the Frost & Sullivan 2026 Singapore Enabling Technology Leadership Recognition for Embedded Finance, MatchMove partners with leading banks across the region to bring compliant financial products to market in weeks, not months.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com

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SOURCE Frost & Sullivan

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Saber Astronautics releases new spacecraft constellation control and automation software SABER COMMANDER

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July 20, 2026

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SYDNEY, July 20, 2026 /PRNewswire/ — Saber Astronautics today announced the release of Saber Commander, its new spacecraft and constellation operations software.

Saber Commander builds on the operational heritage of the Predictive Ground station Interface (PIGI), recognised in the space industry for pioneering techniques in digital twin and machine learning to manage individual satellites. Saber Commander preserves that foundational heritage while supporting increasingly complex satellites, constellations, and mission requirements in the modern space age.

Originally developed in 2010 and released in 2012, PIGI pioneered new capabilities as Saber’s flagship operations software. Listed as a NASA Spinout, it was the first product globally to successfully solve spacecraft diagnostics using machine learning, allowing operators to learn the root cause of health problems on a spacecraft. 

PIGI represented a new generation of software leading efforts to visualise satellite constellations and was the first Unity game engine digital twin to receive fielding authority by the US Space Force.  This eventually led to the production of Saber’s Space Battle Management System (SBMS) which now serves as the protect-and-defend tool accepted across US Space Force Combat Command Deltas.

“PIGI was about reducing the barrier to entry to satellites, making it easier and safer to fly” said Dr. Jason Held, CEO of Saber Astronautics. “Saber Commander carries that heritage forward, with new automation, visualization, and operational scale that modern satellite constellations require.”

Developed in close collaboration with Saber’s own satellite operators, Saber Commander reflects the company’s direct operational experience through its Responsive Space Operations Centres (RSOC), in Australia and the United States. Saber currently controls 36 tonnes of spacecraft in orbit, giving the company daily exposure to the real pressures faced by mission teams.

That experience shaped Saber Commander around practical needs: faster situational awareness, clearer decision support, reduced manual workload, and automation.

 “Saber Commander takes everything we learned from our first generation of products and turned it into a platform built for the realities of modern space operations,” says Chris Schuck, Head of Product Engineering. “Larger fleets and congested orbits demand a smarter approach. We designed Commander hand-in-hand with operators to bring automation, commanding, monitoring, and situational awareness together into a single platform to reduce operator workload while giving greater confidence and control. I’m incredibly proud of what our team has built, and excited to see what our customers achieve with it.”

Please direct enquiries to: media@saberastro.com

About Saber Astronautics

Saber Astronautics’ mission is the democratization of space, reducing barriers to space flight, and making space as easy as driving a car. Founded in 2008, Saber Astronautics provides operations, mission design services, and related software. Saber has R&D laboratories and mission control centres in the USA and Australia, being a trusted supplier to traditional space and government customers worldwide.

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SOURCE Saber Astronautics

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Technology

How Curb Flow Is Driving Growth for Ride Demand and Technology Partners Across the US, UK and Canada

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54 minutes ago

on

July 20, 2026

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New data from GoRide partnership shows drivers on Curb Flow spend 26% more time on trips and complete 16% more hired miles

LONDON, July 20, 2026 /PRNewswire/ — Curb, a leading mobility technology provider specialising in metered taxi payment systems, dispatch platforms and demand aggregation solutions, is opening its Curb Flow network to new demand and technology partners across the US, UK and Canada following the full public launch of Curb Flow in London. With the North American network already at scale and London now live, Curb is releasing new data from its GoRide partnership in Washington DC that demonstrates the impact of connecting supply partners to aggregated demand through a single platform.

Curb Flow enables taxi fleets and technology providers, including those operating their own meter and dispatch systems, to integrate with the platform and gain access to demand from sources including Uber, Curb’s consumer app, Taxi Butler, HQ and Gridd. The open integration model means drivers and fleets using existing technology systems can join the network without switching platforms.

GoRide is a taxi technology system provider operating in Washington DC that integrated into Curb Flow as a supply partner, giving its drivers access to Curb Flow’s ride demand. The partnership demonstrates how taxi technology providers with their own systems can connect to the Curb Flow network to unlock additional trip volume for their drivers. In Washington DC, Curb Flow now accounts for nearly half of all trips completed by participating drivers, with some GoRide drivers completing more than 650 trips per month.

These results reflect broader performance across the Curb Flow network. Drivers using the platform spend 26% more time on trips and complete 16% more hired miles, while Curb’s nationwide booking volume has quadrupled since 2023.

Dorel Tamam, Vice President of the Mobile Business Unit at Curb, says: “With Curb Flow now live in London, we are opening the network to additional partners, regardless if they run their own system or not. The results show what happens when you remove the barriers to consistent, aggregated demand and supply.”

The GoRide partnership has become one of the strongest proof points for the Curb Flow model in North America, with consistent month-over-month growth in trip volume and driver participation since launch. That track record is now informing how Curb approaches new supply partnerships in the UK market.

Ermias Wosenu, CEO and Founder GoRide, says: “Integrating with Curb Flow gave our drivers access to a significant new source of demand without requiring them to change how they work. The volume of trips through the platform has grown consistently since we launched, and it has been a straightforward way for us to expand what we can offer our drivers.”

Curb Flow launched in London in March and is currently operating with an initial network of supply and demand partners, bringing additional trip opportunities to black cab drivers through a single platform.

Operators and technology providers ready to join the next phase of Curb Flow in London can find out more and register their interest at https://www.gocurb.co.uk/curb-flow.

Notes to Editors

Curb analysed the data from operating cabs during March 2026 in the Washington DC district.

About Curb 

Curb reimagines urban mobility with a driver-first approach, offering transparency and seamless access to rides. Connected to over 100,000 drivers in 65+ cities across the US, UK, and Canada, Curb powers millions of rides and billions of dollars in payment transactions annually. Its innovative platform unifies taxis and for-hire vehicles, serving passengers, drivers, and fleet management. Curb’s B2B services support transit agencies, healthcare providers, and businesses, helping cities and organizations move efficiently.

Media Contact:
8020 Communications
curb@8020comms.com 

View original content:https://www.prnewswire.com/news-releases/how-curb-flow-is-driving-growth-for-ride-demand-and-technology-partners-across-the-us-uk-and-canada-302828612.html

SOURCE Curb

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