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Silicon Labs Reports Third Quarter 2024 Results

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Wireless IoT leader delivers third-quarter results above the midpoint of its guidance  

AUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ — Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the third quarter, which ended September 28, 2024.

“Silicon Labs delivered solid sequential revenue growth as several key design wins began ramping in the quarter,” said Matt Johnson, President and Chief Executive Officer at Silicon Labs. “Looking ahead, progress on inventory destocking and demand recovery remains uneven across our end markets. Despite the uncertain market backdrop in the near-term, we remain well-positioned for long-term growth and market share expansion.”

Third Quarter Financial Highlights 

Revenue was $166 millionIndustrial & Commercial revenue for the quarter was $96 million, up 10% sequentiallyHome & Life revenue for the quarter was $70 million, up 22% sequentially

Results on a GAAP basis:

GAAP gross margin was 54.3%GAAP operating expenses were $120 millionGAAP operating loss was $30 millionGAAP diluted loss per share was $(0.88)

Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follows:

Non-GAAP gross margin was 54.5%Non-GAAP operating expenses were $99 millionNon-GAAP operating loss was $8 millionNon-GAAP diluted loss per share was $(0.13)

Business Highlights

Silicon Labs’ 5th annual IoT developers conference, Works With, expanded its footprint this year with in-person events in key global regions, including Austin, San Jose, Hyderabad, and Shanghai. This signature event series unites device manufacturers, wireless experts, engineers, and industry leaders, and attracted over 500 companies – among them Amazon, Google, Samsung, and Nvidia. Notably, over 60% of attendees were new to Silicon Labs, with one-third from top strategic customer segments. Silicon Labs will further extend Works With virtually on November 20 & 21, reaching thousands of potential and existing customers worldwide.Announced the general availability of its first Wi-Fi 6 solution: the SiWx917. The 917 family of SoC’s is designed from the ground-up for ultra-low-power applications using Wi-Fi 6, Bluetooth, Matter, and IP networking for secure cloud connectivity while offering up to 2 years battery life on a single AAA battery in select IoT applications.Announced support for Bluetooth Channel Sounding technology on its current xG24 platform, significantly enhancing the accuracy, interoperability, and security of distance measurement between two Bluetooth Low Energy (LE) devices in applications like building access controls, keyless entry, and asset tracking.Announced that Silicon Labs’ MG26 device for Bluetooth and 15.4 connectivity was awarded one of the IoT Evolution’s Product of the Year awards. This multiprotocol wireless SoC was announced earlier this year and is built to be future proof as the needs of the IoT grow, featuring the same Matrix Vector Processor for dedicated machine learning as the upcoming Series 3.

Business Outlook

The company expects fourth-quarter revenue to be between $161 to $171 million. The company also estimates the following results:

On a GAAP basis:

GAAP gross margin to be between 54% to 55%GAAP operating expenses of approximately $118 million to $122 millionGAAP diluted loss per share per share between $(0.75) to $(1.05)

On a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the reconciliation tables:

Non-GAAP gross margin to be between 54% to 55%Non-GAAP operating expenses of approximately $97 million to $99 millionNon-GAAP diluted loss per share between $(0.01) to $(0.21)

Earnings Webcast and Conference Call 

Silicon Labs will host an earnings conference call to discuss the quarterly results and answer questions at 3:30 pm CDT today. An audio webcast will be available on Silicon Labs’ website (www.silabs.com) under Investor Relations. In addition, the company will post an audio recording of the event at investor.silabs.com and make a replay available through December 4, 2024.

About Silicon Labs 

Silicon Labs (NASDAQ: SLAB) is a leader in secure, intelligent wireless technology for a more connected world. Our integrated hardware and software platform, intuitive development tools, thriving ecosystem, and robust support make us an ideal long-term partner in building advanced industrial, commercial, home and life applications. We make it easy for developers to solve complex wireless challenges throughout the product lifecycle and get to market quickly with innovative solutions that transform industries, grow economies, and improve lives. silabs.com

Forward-Looking Statements

This press release contains forward-looking statements based on Silicon Labs’ current expectations. The words “believe”, “estimate”, “expect”, “intend”, “anticipate”, “plan”, “project”, “will”, and similar phrases as they relate to Silicon Labs are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Silicon Labs and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are the following: the competitive and cyclical nature of the semiconductor industry; the challenging macroeconomic environment, including disruptions in the financial services industry; geographic concentration of manufacturers, assemblers, test service providers and customers in Asia that subjects Silicon Labs’ business and results of operations to risks of natural disasters, epidemics or pandemics, war and political unrest; risks that demand and the supply chain may be adversely affected by military conflict (including in the Middle East, and between Russia and Ukraine), terrorism, sanctions or other geopolitical events globally (including in the Middle East, and conflict between Taiwan and China); risks that Silicon Labs may not be able to maintain its historical growth; quarterly fluctuations in revenues and operating results; difficulties developing new products that achieve market acceptance; risks associated with international activities (including trade barriers, particularly with respect to China); intellectual property litigation risks; risks associated with acquisitions and divestitures; product liability risks; difficulties managing and/or obtaining sufficient supply from Silicon Labs’ distributors, manufacturers and subcontractors; dependence on a limited number of products; absence of long-term commitments from customers; inventory-related risks; difficulties managing international activities; risks that Silicon Labs may not be able to manage strains associated with its growth; credit risks associated with its accounts receivable; dependence on key personnel; stock price volatility; the impact of COVID-19 on the U.S. and global economy; debt-related risks; capital-raising risks; the timing and scope of share repurchases and/or dividends; average selling prices of products may decrease significantly and rapidly; information technology risks; cyber-attacks against Silicon Labs’ products and its networks; risks associated with any material weakness in our internal controls over financial reporting; and other factors that are detailed in the SEC filings of Silicon Laboratories Inc. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. References in this press release to Silicon Labs shall mean Silicon Laboratories Inc.

Note to editors: Silicon Laboratories, Silicon Labs, the “S” symbol, and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders. 

Silicon Laboratories Inc.

Condensed Consolidated Statements of Operations 

(In thousands, except per share data) 

(Unaudited)

Three Months Ended

Nine Months Ended

September 28,
2024

September 30,
2023

September 28,
2024

September 30,
2023

Revenues

$           166,395

$           203,760

$           418,137

$           695,413

Cost of revenues

76,082

84,735

196,172

278,753

Gross profit

90,313

119,025

221,965

416,660

Operating expenses:

Research and development

83,228

79,042

249,787

254,340

Selling, general and administrative

36,793

27,766

109,041

113,363

Operating expenses

120,021

106,808

358,828

367,703

Operating income (loss)

(29,708)

12,217

(136,863)

48,957

Other income (expense):

Interest income and other, net

3,487

2,938

9,009

15,554

Interest expense

(278)

(1,359)

(1,050)

(4,611)

Income (loss) before income taxes

(26,499)

13,796

(128,904)

59,900

Provision for income taxes

2,005

3,388

38,283

23,479

Equity-method loss

—

(60)

—

(1,150)

Net income (loss)

$            (28,504)

$             10,348

$         (167,187)

$             35,271

Earnings (loss) per share:

Basic

$                (0.88)

$                  0.33

$                (5.21)

$                  1.11

Diluted

$                (0.88)

$                  0.32

$                (5.21)

$                  1.07

Weighted-average common shares outstanding:

Basic

32,309

31,796

32,114

31,789

Diluted

32,309

32,078

32,114

32,919

 

Non-GAAP Financial Measurements

In addition to the GAAP results provided throughout this document, Silicon Labs has provided non-GAAP financial measurements on a basis excluding non-cash and other charges and benefits. Details of these excluded items are presented in the tables below, which reconcile the GAAP results to non-GAAP financial measurements.

The non-GAAP financial measurements do not replace the presentation of Silicon Labs’ GAAP financial results. These measurements provide supplemental information to assist management and investors in analyzing Silicon Labs’ financial position and results of operations. Silicon Labs has chosen to provide this information to investors to enable them to perform meaningful comparisons of past, present and future operating results and as a means to emphasize the results of core on-going operations.

Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures

(In thousands, except per share data)

Three Months Ended

September 28, 2024

Non-GAAP Income Statement Items

GAAP

Measure

GAAP

Percent of

Revenue

Stock

Compensation

Expense

Intangible Asset

Amortization

Non-GAAP

Measure

Non-GAAP

Percent of

Revenue

Revenues

$    166,395

Gross profit

90,313

54.3 %

$                369

$                —

$         90,682

54.5 %

Research and development

83,228

50.0 %

10,255

5,438

67,535

40.6 %

Selling, general and administrative

36,793

22.1 %

5,279

—

31,514

18.9 %

Operating expenses

120,021

72.1 %

15,534

5,438

99,049

59.5 %

Operating income (loss)

(29,708)

(17.9 %)

15,903

5,438

(8,367)

(5.0 %)

 

Three Months Ended

September 28, 2024

Non-GAAP Loss Per Share

GAAP

Measure

Stock

Compensation

Expense*

Intangible

Asset

Amortization*

Income

Tax

Adjustments

Non-

GAAP

Measure

Net income (loss)

$    (28,504)

$          15,903

$             5,438

$             3,036

$        (4,127)

Diluted shares outstanding

32,309

32,309

Diluted loss per share

$        (0.88)

$          (0.13)

*   Represents pre-tax amounts

 

Unaudited Forward-Looking Statements Regarding Business Outlook

(In millions, except per share data)

Three Months Ended
December 28, 2024

Business Outlook

GAAP

Measure

Non-GAAP

Adjustments**

Non-GAAP

Measure

Gross margin

54% to 55%

— %

54% to 55%

Operating expenses

$118 to $122

$(21) to $(23)

$97 to $99

Diluted loss per share

$(0.75) to $(1.05)

$0.74 to $0.84

$(0.01) to $(0.21)

**  Non-GAAP adjustments include the following estimates: stock compensation expense of $16.8 million, intangible asset amortization of $5.4 million, and the application of a long-term non-GAAP tax rate of 20%.

 

Silicon Laboratories Inc.

Condensed Consolidated Balance Sheets 

(In thousands, except per share data) 

(Unaudited)

September 28,
2024

December 30,
2023

Assets

Current assets:

   Cash and cash equivalents

$           303,082

$           227,504

   Short-term investments

66,596

211,720

   Accounts receivable, net

48,879

29,295

   Inventories

139,489

194,295

   Prepaid expenses and other current assets

56,090

75,117

Total current assets

614,136

737,931

Property and equipment, net

135,317

145,890

Goodwill

376,389

376,389

Other intangible assets, net

41,936

59,533

Other assets, net

81,464

123,313

Total assets

$        1,249,242

$        1,443,056

Liabilities and Stockholders’ Equity

Current liabilities:

   Accounts payable

$             44,648

$             57,498

   Revolving line of credit

—

45,000

   Deferred revenue and returns liability

8,478

2,117

   Other current liabilities

65,179

58,955

Total current liabilities

118,305

163,570

Other non-current liabilities

49,551

70,804

Total liabilities

167,856

234,374

Commitments and contingencies

Stockholders’ equity:

   Preferred stock – $0.0001 par value; 10,000 shares authorized; no shares issued

—

—

   Common stock – $0.0001 par value; 250,000 shares authorized; 32,343 and 31,897
   shares issued and outstanding at September 28, 2024 and December 30, 2023,
   respectively

3

3

   Additional paid-in capital

55,567

16,973

   Retained earnings

1,025,544

1,192,731

   Accumulated other comprehensive income (loss)

272

(1,025)

Total stockholders’ equity

1,081,386

1,208,682

Total liabilities and stockholders’ equity

$        1,249,242

$        1,443,056

 

Silicon Laboratories Inc.

Condensed Consolidated Statements of Cash Flows 

(In thousands) 

(Unaudited)

Nine Months Ended

September 28,
2024

September 30,
2023

Operating Activities

Net income (loss)

$         (167,187)

$             35,271

Adjustments to reconcile net income to net cash used in operating activities:

Depreciation of property and equipment

19,302

18,992

Amortization of other intangible assets

17,596

19,162

Amortization of debt issuance costs

—

960

Stock-based compensation expense

45,358

37,167

Equity-method loss

—

1,150

Deferred income taxes

29,100

(5,881)

Changes in operating assets and liabilities:

Accounts receivable

(19,585)

(30,706)

Inventories

54,724

(66,971)

Prepaid expenses and other assets

23,091

8,085

Accounts payable

(13,849)

(37,039)

Other current liabilities and income taxes

(5,004)

(39,155)

Deferred revenue and returns liability

6,361

3,286

Other non-current liabilities

(13,946)

6,794

Net cash used in operating activities

(24,039)

(48,885)

Investing Activities

Purchases of marketable securities

(28,363)

(91,493)

Sales of marketable securities

44,057

365,073

Maturities of marketable securities

131,008

171,766

Purchases of property and equipment

(7,785)

(18,533)

Proceeds from sale of equity investment

12,382

—

Purchases of other assets

—

(395)

Net cash provided by investing activities

151,299

426,418

Financing Activities

Proceeds from revolving line of credit

—

80,000

Payments on debt

(45,000)

(571,157)

Repurchases of common stock

—

(217,137)

Payment of taxes withheld for vested stock awards

(16,078)

(17,239)

Proceeds from the issuance of common stock

9,396

8,013

Net cash used in financing activities

(51,682)

(717,520)

Increase (decrease) in cash and cash equivalents

75,578

(339,987)

Cash and cash equivalents at beginning of period

227,504

499,915

Cash and cash equivalents at end of period

$           303,082

$           159,928

 

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SOURCE Silicon Labs

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Space Cybersecurity Market worth $8.59 billion by 2031 – Exclusive Report by MarketsandMarkets™

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35 minutes ago

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October 23, 2026

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DELRAY BEACH, Fla., Oct. 23, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Space Cybersecurity Market is expected to be valued at USD 5.52 billion in 2026 to USD 8.59 billion by 2031, at a CAGR of 9.2% during the forecast period.

Browse 200 market data Tables and 100 Figures spread through 300 Pages and in-depth TOC on ” Space Cybersecurity Market – Global Forecast to 2031″

Space Cybersecurity Market Size & Forecast:

Market Size Available for Years: 2021–20312026 Market Size: USD 5.52 billion2031 Projected Market Size: USD 8.59 billionCAGR (2026–2031): 9.2%

Space Cybersecurity Market Trends & Insights:

The space cybersecurity market is developing as government and defense organizations, commercial satellite operators, and space agencies require stronger protection for satellite networks, ground infrastructure, communication links, and mission-critical systems. Advances in encryption, identity and access management, threat detection, security analytics, cloud security, and secure satellite communications are enabling space systems to operate more securely against evolving cyber threats. Cybersecurity investments are also supporting wider adoption of integrated security solutions across satellite communications, Earth observation, navigation and PNT, mission planning and control, data processing, and launch operations.The Asia Pacific space cybersecurity market is expected to exhibit the highest CAGR of 12.0% between 2026 and 2031.The services segment is expected to register the highest CAGR of 10.1% between 2026 and 2031.The defense segment is estimated to account for the largest market share in 2026.Thales, General Dynamics Corporation, Viasat, Inc., Leonardo S.p.A., and Booz Allen Hamilton Inc. were identified as some of the key players in the space cybersecurity market (global), given their strong market share and product footprint.CYSEC, SpiderOak Inc., Spaceit, Xage Security, Inc., and QuSecure, Inc., among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders. 

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The market is expanding as defense organizations, commercial satellite operators, and government agencies increase investments in cybersecurity solutions to protect satellites, launch vehicles, ground stations & gateways, command and control centers, and critical space infrastructure. Demand is also being supported by the need for secure satellite communications, protection of mission-critical data, continuous threat monitoring, and operational resilience. Advances in encryption, identity and access management, intrusion detection, secure software architectures, and cybersecurity monitoring are improving protection against unauthorized access and cyberattacks. Modern space cybersecurity systems are also enabling secure software updates, automated threat detection, and stronger protection of interconnected satellite and ground networks. The European Space Agency’s Cyber Security Operations Centre, inaugurated in May 2025, demonstrates the increasing use of integrated cybersecurity monitoring to protect satellites, ground stations, and mission control systems.

The space cybersecurity industry is moving toward standardized security architectures and integrated cybersecurity solutions that can protect multiple space assets through common security systems. This approach enables satellite operators, defense organizations, and space agencies to secure satellites, ground stations, communication networks, and mission control systems while sharing encryption, authentication, threat detection, and security monitoring capabilities. The European Space Agency (ESA) uses a multiplatform cybersecurity architecture with shared security functions across space and ground infrastructure, helping improve security management, reduce integration complexity, and support consistent protection across different space missions.

By asset type, satellite segment to account for largest market share during forecast period

The satellite segment is expected to retain the largest share and register the fastest growth as commercial satellite operators, defense organizations, and government agencies increase investments in protecting satellites against cyber threats. Demand is supported by expanding LEO, MEO, and GEO satellite networks, secure communication requirements, onboard cybersecurity integration, and protection of satellite command systems. In May 2026, the European Space Agency (ESA) highlighted cybersecurity developments under its General Support Technology Programme, including secure onboard computing, encryption, and protected satellite communication systems.

By end user, defense segment to account for largest market share during forecast period

The defense segment is expected to retain the largest market share, based on end user, because military organizations depend on secure satellite communications, navigation, intelligence gathering, surveillance, and mission-critical command systems. Defense space programs require cybersecurity solutions to protect classified information, satellite control networks, communication links, and ground infrastructure against unauthorized access and cyberattacks. Increasing investments in military satellite constellations, secure communication architectures, encryption technologies, and continuous cybersecurity monitoring are supporting demand for satellite protection, threat detection, identity and access management, and mission security services.

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North America to account for largest market share during forecast period

The space cybersecurity market in North America is supported by US defense space programs, commercial satellite deployments, government cybersecurity initiatives, and investments in secure space infrastructure. The region benefits from the presence of companies such as Lockheed Martin Corporation, Northrop Grumman Corporation, General Dynamics Corporation, Viasat, Inc., and Leidos Holdings, Inc. The National Institute of Standards and Technology (NIST) published NIST IR 8401, providing a cybersecurity framework for protecting satellite ground segment operations and command and control systems. Growing deployment of military and commercial satellites is supporting demand for network security, encryption, threat monitoring, and cybersecurity services across the region.

Thales (France), General Dynamics Corporation (US), Viasat, Inc. (US), Leonardo S.p.A. (Italy), and Booz Allen Hamilton Inc. (US) are among the major players in the space cybersecurity companies. These companies have established distribution and service networks across regions such as North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

See More Latest Aerospace and Defence Reports:

Space-based Data Center Market by Payload (Communication & Data Transfer, Data Processing, Data Storage), Power Capacity (<100 kW, >100 kW-<1 MW, >1 MW), Application (AI/ML, Cloud, Analytics, Data Storage), End User, and Region – Global Forecast to 2040

Space Propulsion Market Size, Share and Trends By Platform (Satellite, Launch Vehicle), Type (Solid, Liquid, Electric, Hybrid), Component (Hall-Effect Thrusters, Biopropellant, Propellant Tanks, Rocket Motor, Nozzle, PPU), End User, Services and Region – Global Forecast to 2031

About MarketsandMarkets™  

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

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Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

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HawkEye 360 Successfully Launches Cluster 16 with Advanced Collection and Downlink Capabilities

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35 minutes ago

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October 23, 2026

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Dedicated satellite cluster introduces advanced antenna technology designed to support simultaneous RF collection and mission data downlink

HERNDON, Va., Oct. 23, 2026 /PRNewswire/ — HawkEye 360, Inc. (NYSE: HAWK), the global leader in signals intelligence data and analytics, today announced the successful launch of Cluster 16, a three-satellite cluster featuring advanced antenna technology designed to expand the flexibility and capacity of the Company’s space-based RF collection architecture.

Cluster 16 launched aboard Rocket Lab’s Electron rocket as part of the dedicated mission, “We’re Not Hawking Around,” from Rocket Lab Launch Complex 1 in New Zealand. Following deployment into an inclined orbit, HawkEye 360’s space operations team successfully established communications with all three satellites and began the commissioning process.

The launches of Clusters 15 and 16, deployed just three days apart from launch sites on opposite sides of the world, demonstrate HawkEye 360’s ability to manage a complex global launch cadence. With rideshare capacity increasingly constrained, the Company has secured launch opportunities through 2028 to maintain constellation continuity, preserve flexibility, and support evolving customer mission requirements.

Cluster 16 also includes advanced antenna capabilities supporting the simultaneous collection of multiple RF signal types and mission data downlink. Together, Clusters 15 and 16 are the first HawkEye 360 satellites designed with this capability, increasing collection opportunity while enabling faster delivery of mission data to customers.

Cluster 16 will provide dedicated capacity in support of a HawkEye 360 customer, demonstrating the Company’s ability to configure and operate its space-based collection architecture around defined customer requirements and specific operational priorities.

“Cluster 16 advances both the capability and flexibility of our constellation,” said John Serafini, Chief Executive Officer of HawkEye 360. “Simultaneous collection and downlink allow us to make better use of time on orbit, increasing our ability to collect signals while moving mission data to the ground more efficiently. Combined with dedicated capacity, this gives us another way to tailor our architecture around the operational needs of our customers.”

The three satellites will operate in formation to detect, characterize and geolocate RF signals from space. Once commissioning is complete, Cluster 16 will expand HawkEye 360’s capacity to support defense, intelligence and security missions with timely, shareable signals intelligence.

About HawkEye 360
HawkEye 360 is equipping defense, intelligence, and national security leaders with mission-critical signal intelligence to enable faster, better decision-making. By detecting, geolocating, and characterizing radio-frequency emissions worldwide, HawkEye 360 delivers trusted domain awareness and early-warning indicators to the U.S. Government and allied partners. Our space-based collection, proprietary signal processing, and AI-powered analytics transform knowledge of the RF spectrum into a strategic advantage. Proven by operational mission success, HawkEye 360 is redefining how signals intelligence strengthens national and global security.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding the availability and capabilities of the Company’s products, are forward-looking statements and represent the Company’s views as of the date of this press release. The words “will,” “expects,” “plans,” “could,” “would,” “believes,” “anticipates,” “intends,” “may,” “continue,” “estimate,” or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control that could affect its financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s quarterly report on Form 10-Q dated August 14, 2026, and other filings that the Company makes from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, the Company is under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

 

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SOURCE HawkEye 360 Inc.

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/R E P E A T — Media Advisory – Parliamentary Secretary Bardeesy to announce investments for research talent, interdisciplinary research and indirect cost of research/

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35 minutes ago

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October 23, 2026

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HAMILTON, ON, Oct. 22, 2026 /CNW/ — On behalf of the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, Karim Bardeesy, Parliamentary Secretary to the Minister of Industry, will announce the results of multiple federal research grants that will help attract and retain talent, strengthen research security and support discoveries.

Parliamentary Secretary Bardeesy will be joined by Normand Labrie, Interim President of the Social Sciences and Humanities Research Council of Canada.

The announcement will be immediately followed by media availability.

Date: Friday, October 23, 2026

Time: 8:45 a.m. (eastern)

Location: Hamilton, Ontario

Members of the media are asked to register at communications@chairs-chaires.gc.ca to receive event location details and confirm their attendance.

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SOURCE Government of Canada

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