AIM-listed satellite operator Avanti Communications said its revenue was in line with house broker estimates for the financial year to 30 June 2012.
The group said it had added £42.3m of backlog in the four months to the end of April.
Backlog increased to £213m from the £181m reported at the of December, the firm said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Its pipeline of potential sales stands at £529m, excluding £170m options on HYLAS 2, the second of its satellites.
Avanti said that during the period HYLAS 2 had successfully completed one of its last key technical milestones, thermal vacuum testing, and remained on target for a launch in July.
The satellite will extend Avanti's coverage to Africa, Caucasia and the Middle East.
"Our products are selling well in the higher value-added application markets in Europe, and demand for the imminent HYLAS 2 satellite is very high," said Chief Executive David Williams.
"With HYLAS 3 included, 80% of our capacity will serve emerging markets which offer high growth potential."
The company hopes to launch HYLAS 3 in partnership with European Space Agency in 2015, aiming to provide further capacity in the EMEA region.
One-year savings accounts beat the Bank of England’s base rate - should you fix your cash?
Several savings providers have upped their one-year rates meaning you can now earn more than the bank rate for the first time in over a month. Is now a good time to fix?
By Vaishali Varu Published
How likely are Spring Budget tax cuts? What the economists say
Chancellor Jeremy Hunt is expected to announce some tax cuts in the Spring Budget. But analysts warn they may come at a price for the UK
By Henry Sandercock Published