Ann: Half Yearly Report and Accounts, page-6

Increasing revenue? They only had some revenue in March and then nothing since.
They can’t generate recurring revenue from data subscriptions until the satellites are in formation and commissioned.

I don’t know how many times I’ve read that the KSF1 satellites are now being moved into their final formation and will soon be operational.

I suspected something was seriously wrong with KSM satellites because they had drifted out of formation. Ever since the beginning of this year I felt that the announcements were using curious wording that IMO gave the impression that KSM satellites were operational without actually ever saying it.