Kebni flags 14% revenue decline on SatCom order delays
Satellite communications orders deferred amid supply chain constraints, weighing on Kebni's quarterly performance.
Kebni reported a 14% year-over-year decline in revenue for the latest quarter, citing delays in satellite communications (SatCom) orders. The company attributed the shortfall to supply chain disruptions and logistical bottlenecks that pushed back client deliveries.
Revenue totaled $X million, down from $Y million in the same period last year, though Kebni did not disclose the exact figures. The decline follows a broader trend of order deferrals across the SatCom sector, as vendors grapple with component shortages and rising costs.
Management noted that while near-term headwinds persist, the backlog of pending orders remains robust. Kebni expects a gradual recovery in the second half of the year, contingent on resolution of supply chain issues and improved delivery timelines.
The company’s shares were indicated lower in pre-market trading, reflecting investor concerns over the revenue miss. Analysts will scrutinize Kebni’s guidance and order visibility in the coming weeks to assess the sustainability of its recovery outlook.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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