Welcome to our dedicated page for TELESAT news (Ticker: TSAT), a resource for investors and traders seeking the latest updates and insights on TELESAT stock.
Telesat Corporation reports on satellite communications operations built around its GEO services business and the Telesat Lightspeed Low Earth Orbit program. Company updates commonly cover IFRS financial results, GEO revenue and cost trends, and development work on the Lightspeed constellation, including satellites, user terminals, network software, satellite operations software and ground station deployments.
News also covers customer and partnership activity for broadband, government, defence, maritime and aeronautical connectivity. Recurring themes include Telesat Lightspeed service contracts, military Ka-band capability, strategic cooperation agreements, debt refinancing discussions, and legal matters tied to legacy GEO debt and corporate financing structure.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Telesat (NASDAQ and TSX: TSAT) reported its financial results for the year ended December 31, 2022, with total revenue at $759 million, stable year-over-year. Adjusted EBITDA was $568 million, a 5% decline, yielding a margin of 74.8%. The company recorded a net loss of $80 million, significantly down from a net income of $155 million in 2021, primarily due to unfavorable foreign exchange effects and C-band spectrum costs. Despite the challenges, Telesat closed 2022 with $1.7 billion in cash and a substantial backlog of $1.8 billion.
Looking ahead, Telesat anticipates 2023 revenue between $690 million and $710 million.
Telesat (NASDAQ and TSX: TSAT) has announced a conference call scheduled for March 29, 2023, at 10:30 a.m. ET to discuss its financial results for the fiscal year ending December 31, 2022. The call will be led by President and CEO Daniel S. Goldberg and CFO Andrew Browne. Prior to the call, Telesat will release its financial results on its website under the 'Investors' section. Interested parties can join the call via a toll-free number or through a live webcast. A replay will be available shortly after the call until April 12, 2023. Telesat continues to innovate in satellite connectivity solutions, particularly with its Telesat Lightspeed LEO satellite network.