Helio Corp /FL/ (OTC: HLEO)

Helio Corporation is a technology, engineering and research and development holding company that operates in the aerospace industry through its wholly owned subsidiary Heliospace Corporation. The company specializes in the design, engineering, assembly and test of space flight qualified hardware, providing systems engineering, modeling, analysis, integration and test services to government, commercial and non-profit customers. Helio Corporation focuses on enabling humanity's pursuit of scientific and commercial development of space by delivering cost-effective and innovative solutions for missions ranging from low-Earth orbit to lunar and deep space exploration.

Helio Corporation generates revenue primarily through the sale of hardware and engineering services provided by its subsidiary Heliospace. Revenue is derived from custom-designed space hardware such as deployable mechanisms, antennas, booms, structures and sensors, as well as from systems engineering, modeling, analysis, integration and test services. These offerings are delivered on a per-project basis under various contract types including cost-plus, fixed price, time and materials and purchase orders. The company serves a diverse customer base that includes government agencies such as NASA, commercial entities like Firefly Aerospace and Honeybee Robotics, and non-profit organizations, with projects ranging from large-scale missions valued at over $10 million to smaller solutions in the $100,000 to $200,000 range.

The company operates through the following segments:

• Heliospace Corporation – This segment encompasses all space hardware and services activities, including the design, engineering, assembly and test of space flight qualified hardware, and the provision of systems engineering, modeling, analysis, integration and test services. It supports active space missions and develops hardware for upcoming launches, leveraging expertise from NASA and other space agency programs to deliver solutions for civil space missions, defense applications and commercial space initiatives.

Helio Corporation maintains a competitive position in the fragmented space industry by offering specialized expertise in deployable systems and space mechanisms, areas where few competitors possess comparable capabilities. The company differentiates itself through its leadership team's extensive flight heritage, having overseen the development of over 125 instruments and mechanisms on more than 40 space flight missions. Its competitive advantages include proven success in delivering flight-qualified hardware for NASA flagship missions such as Europa Clipper and James Webb Space Telescope, leadership in lunar exploration payloads, and vertical integration of key technologies like the SABER™ deployable booms and release mechanisms that improve cost effectiveness and production efficiency.

Helio Corporation serves a customer base concentrated in the space industry, including government agencies such as NASA and the Department of Defense, commercial companies like Firefly Aerospace, Blue Origin and Honeybee Robotics, and non-profit organizations such as EarthGuard™. The company has provided hardware and services for missions including the NASA Europa Clipper, SunRISE CubeSat constellation, Commercial Lunar Payload Services program, and projects involving the James Webb and Roman Space Telescopes, with revenue significantly derived from government contracts, including a major NASA IDIQ contract through a prime contractor that accounted for approximately 34% of fiscal year 2024 revenue.