Aerkomm Inc. Files 2024 Annual Report

TL;DR

Aerkomm Inc. filed its 2024 10-K. Formerly Maple Tree Kids, Inc. Now in Comms Services.

AI Summary

Aerkomm Inc. filed its 10-K for the fiscal year ended December 31, 2024. The company, formerly known as Maple Tree Kids, Inc. until October 29, 2013, is incorporated in Nevada and headquartered in Fremont, California. Aerkomm Inc. operates in the Communication Services sector, NEC, with the SIC code 4899.

Why It Matters

This filing provides a comprehensive overview of Aerkomm Inc.'s financial performance and business operations for the fiscal year 2024, which is crucial for investors and stakeholders to assess the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This is a standard annual report filing and does not contain immediate, high-impact news or financial distress signals.

Key Numbers

• 2024 — Fiscal Year End (The report covers the period ending December 31, 2024.)
• 000-55925 — Commission File Number (This is the SEC's file number for Aerkomm Inc.)

Key Players & Entities

• Aerkomm Inc. (company) — Registrant
• December 31, 2024 (date) — Fiscal Year End
• Maple Tree Kids, Inc. (company) — Former Company Name
• 20131029 (date) — Date of Name Change
• Nevada (jurisdiction) — State of Incorporation
• 44043 Fremont Blvd., Fremont, CA 94538 (address) — Principal Executive Offices
• 46-3424568 (ein) — I.R.S. Employer Identification No.
• 4899 (sic_code) — Standard Industrial Classification

FAQ

Key Financial Figures

• $0.001 — Section 12(g) of the Act: Common Stock, $0.001 par value per share Indicate by check

Filing Documents

• ea0251031-10k_aerkomm.htm (10-K) — 2427KB
• ea025103101ex2-3_aerkomm.htm (EX-2.3) — 15KB
• ea025103101ex21-1_aerkomm.htm (EX-21.1) — 2KB
• ea025103101ex31-1_aerkomm.htm (EX-31.1) — 10KB
• ea025103101ex31-2_aerkomm.htm (EX-31.2) — 10KB
• ea025103101ex32-1_aerkomm.htm (EX-32.1) — 4KB
• ea025103101ex32-2_aerkomm.htm (EX-32.2) — 4KB
• image_001.jpg (GRAPHIC) — 38KB
• image_001i.jpg (GRAPHIC) — 21KB
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• image_015.jpg (GRAPHIC) — 30KB
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• image_019.jpg (GRAPHIC) — 30KB
• image_020.jpg (GRAPHIC) — 8KB
• 0001213900-25-077887.txt ( ) — 13157KB
• akom-20241231.xsd (EX-101.SCH) — 116KB
• akom-20241231_cal.xml (EX-101.CAL) — 85KB
• akom-20241231_def.xml (EX-101.DEF) — 584KB
• akom-20241231_lab.xml (EX-101.LAB) — 961KB
• akom-20241231_pre.xml (EX-101.PRE) — 617KB
• ea0251031-10k_aerkomm_htm.xml (XML) — 1281KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 86 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 110 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 110 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 110 Item 9A.

Controls and Procedures

Controls and Procedures. 110 Item 9B. Other Information. 112 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 112 PART III Item 10. Directors, Executive Officers and Corporate Governance. 113 Item 11.

Executive Compensation

Executive Compensation. 120 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 122 Item 13. Certain Relationships and Related Transactions, and Director Independence. 127 Item 14. Principal Accounting Fees and Services. 128 PART IV Item 15. Exhibits, Financial Statement Schedules. 129 Item 16. Form 10-K Summary. 135 i Special Note Regarding Forward Looking Statements In addition to historical information, this Annual Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. We use words such as "believe," "expect," "anticipate," "project," "target," "plan," "optimistic," "intend," "aim," "will" or similar expressions which are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning the following: our future financial and operating results; our intentions, expectations and beliefs regarding anticipated growth, market penetration and trends in our business; the impact and effects of potential pandemics or contagious diseases or fear of such outbreaks, on the global airline and tourist industries, especially in the Asia Pacific region; our ability to attract and retain customers; our dependence on growth in our customers' businesses; the effects of changing customer needs in our market; the effects of market conditions on our stock price and operating results; our ability to successfully complete the development, testing and initial implementation of our product offerings; our ability to maintain our competitive advantages against competitors in our industry; our ability to timely and effectively adapt our existing technology and have our technology solutions gain market acceptance; delays in the launch schedules of satellite network operators from whom we w

Forward-looking statements, which involve assumptions

Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "should," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. Actual results, performance, liquidity, financial condition, prospects and opportunities could differ materially from those expressed in, or implied by, these forward-looking statements as a result of various risks, uncertainties and other factors, including the ability to raise sufficient capital to continue our operations. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors, including, without limitation, the risks outlined under "Risk Factors" included in our Annual Report on Form 10-K for the year ended December 31, 2024, and matters described in this Annual Report generally. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this Annual Report will in fact occur. Potential investors should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, there is no undertaking to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason. The specific discussions herein about our company include financial projections and future estimates and expectations about our business. The projections, estimates and expectations are presented in this Annual Report only as a guide about future possibilities and do not represent actual amounts or assured events. All the projections and estimates are based exclusively on our management's own assessment of our business, the industry in which we work and the economy at large and other operational fac

BUSINESS

ITEM 1. BUSINESS. Overview The Company is an innovative, development-stage satellite communications provider delivering mission-critical, multi-orbit broadband connectivity through carrier-neutral and software-defined infrastructure. Our platform is designed to support both public and private sector applications across defense, aerospace, and civilian telecommunications sectors. By leveraging next-generation technologies, we operate as a full-systems integrator—delivering high-throughput performance, seamless interoperability, and advanced network virtualization to ensure resilient, end-to-end connectivity. Through strategic partnerships with satellite constellation providers, mobile network operators, and hardware and software partners, we extend secure, scalable broadband services to the edge of global operations. Our integrated communication solutions are specifically tailored to meet the distinct requirements of defense, aerospace, and civilian telecommunications markets. Engineered for agility and reliability, our solutions deliver exceptional performance in even the most challenging environments—empowering customers with flexible, future-ready connectivity. Our asset-light business model sets us apart in the capital-intensive space industry. By not owning or operating our own satellites or constellations, we maintain flexibility, accelerate deployment, and focus on integrating value-added services that meet the evolving needs of our customers. In addition to serving as a systems integrator, our core proprietary technology is the universal terminal, developed to provide carrier-neutral satellite broadband access. These terminals are engineered to cater to the diverse needs of customers across various sectors, ensuring seamless connectivity by dynamically connecting to the most suitable satellite, regardless of its orbital position, and delivering unparalleled performance. The universal terminal integrates a multi-orbit flat-panel antenna (FPA) or elect

View Full Filing

View this 10-K filing on SEC EDGAR