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Prospector
Profile
07.1650
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| SkyTerra Communications, Inc. |
NAICS |
517210 |
| 10802 Parkridge Boulevard
Reston, VA 20191 |
Description |
Mobile Communications |
| (800) 405-6543 |
Employees |
132 |
| http://www.skyterra.com/ |
Revenue |
(mil) |
34.8540 |
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Income |
(mil) |
-57.1000 |
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Assets |
(mil) |
767.0470 |
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Liability |
(mil) |
886.9900 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
SkyTerra Communications, Inc. had a net loss of $44.9 million on revenues of $9.11 million for the three months ended September 30, 2007, much higher than the $15.58 million net loss on $9.39 million in revenues for the three months ended September 30, 2006. For the nine months ended September 30, 2007, the Company had a net loss of $86.52 million, much higher than the $44.37 million net loss incurred during the nine months ended Septermber 30, 2006. The Company's balance sheet showed an accumulated deficit of $286.82 million as of September 30, 2007.
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Intellectual Property:
As an integral part of the process of conceiving, designing, and developing its next generation integrated network, the Company has prepared and filed over 100 patent applications representing over 4,000 claims related to the commercialization and development of a satellite terrestrial integrated network. The applications have been filed in both the United States and in several key countries abroad. It is the Company's belief that a next generation integrated network cannot effectively and efficiently be implemented on a commercially viable basis without the benefits of a patent portfolio. The Company is committed to vigorously enforcing and defending the rights afforded through its patents. In addition to the patents and patent applications filed, the Company currently incorporates licensed patents and unpatented technology and software into its existing and planned networks. Certain agreements with third parties include provisions pursuant to which the Company will receive a non-exclusive license to developments including, among other things, technology and related software created by such third parties for use in its existing and planned networks. The Company expects to enter into additional agreements with strategic partners that will include licenses to third party intellectual property as it develops its next generation integrated network. [SEC Filing 10-K 03-16-07]
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Description:
The Company provides mobile digital voice and data communications services via satellite in the United States and Canada.
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Officers:
Alexander H. Good (Pres. & CEO); Scott MacLeod (EVP, CFO & Treas.); Robert C. Lewis (SVP, Sec. & Gen. Counsel); James A. Wiseman (VP & Controller)
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Auditor:
Ernst & Young LLP
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Securities:
Common Stock-Symbol SKYT.OB; OTC BB;
102,432,276 common shares outstanding as of September 30, 2007.
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