Telesat Corp

Telesat Corp. delivers satellite communications and consulting services. The company was founded in 1969 and is headquartered in Ottawa, Canada.

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Telesat Corp reports stable Q2 performance amidst cost challenges

Telesat Corp's Q2 2024 performance showed stable revenues and adjusted EBITDA, with a focus on cost management and operational efficiency.
Despite challenges in net income decrease and operating expenses, the company's strong cash position and debt reduction indicate financial resilience.
Opportunities lie in strategic investments, acquisitions, and enhancing operational efficiency to drive growth and profitability for Telesat.

Telesat Corp reports Q3 results, eyes Lightspeed growth opportunities

Telesat's Q3 performance showed revenue decline but cost efficiencies, positioning it well for full-year revenue and EBITDA targets.
Challenges lie in customer discussions, operational advancements, and infrastructure reliability, which are critical for future success.
Opportunities in customer engagements, technical progress, and market positioning offer avenues for revenue growth and market leadership.

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Telesat Corp. engages in the provision of satellite communications and consulting services. It operates through Geostationary (GEO) and Low Earth Orbit (LEO) segments. The company was founded in 1969 and is headquartered in Ottawa, Canada.

OTTAWA, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced its selection as a National Capital Region's Top Employer for 2024 by Mediacorp Canada Inc., organizers of the annual Canada's Top 100 Employers project. This prestigious recognition underscores Telesat's commitment to creating an exceptional workplace environment and fostering a culture of excellence.

Telesat Selected as One of the National Capital Region's Top Employers for 2024

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MDA's stock has appreciated by over 40% since September 2022 and has further room to progress given strategic expansion and acquisitions driving revenue growth. The company serves various sectors in the space industry, with satellite services experiencing the fastest growth. Looking at profitability in the capital-intensive space industry, MDA's erratic FCF margins can be misleading and, instead, it is better to assess the progression of sales to Capex ratio.

MDA: Growth Boosted By The Telesat Satellite Contract (Rating Upgrade)

Mage Networks plans to leverage Telesat Lightspeed to expand broadband internet services to unserved and underserved communities in Canada Mage Networks plans to leverage Telesat Lightspeed to expand broadband internet services to unserved and underserved communities in Canada

Mage Networks Signs Memorandum of Understanding for Telesat Lightspeed Services

Space-BACN program aims to deliver seamless communication between government and commercial LEO satellite constellations, including Telesat Lightspeed Space-BACN program aims to deliver seamless communication between government and commercial LEO satellite constellations, including Telesat Lightspeed

Telesat Government Solutions Awarded DARPA Space-BACN Phase 2 Contract

OTTAWA, Ontario and PALO ALTO, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, and Aalyria, a leading advanced networking and laser communications technologies company, today announced an Agreement to deploy Aalyria's Spacetime next-generation networking technology to organize the efficient flow of customer traffic over the Telesat Lightspeed Low Earth Orbit (LEO) satellite constellation.

Telesat Selects Aalyria's Spacetime for Orchestration of Its Revolutionary Telesat Lightspeed Constellation

Telesat Corporation is a global satellite operator based in Ottawa, Canada, with a focus on providing space-based internet services to government and enterprise customers. Telesat's upcoming Telesat Lightspeed broadband low Earth orbit (LEO) constellation is fully funded and expected to be operational by late 2027. The company has a solid financial position, with minimal risk of shareholder dilution and manageable debt, and is projected to generate significant cash flow once Lightspeed is fully deployed.

Telesat: Highly Undervalued And Getting Better

Telesat Corporation (NASDAQ:TSAT ) Q3 2023 Earnings Call Transcript November 6, 2023 10:30 AM ET Company Participants Michael Bolitho - Director of Treasury and Risk Management Daniel Goldberg - President and Chief Executive Officer Andrew Browne - Chief Financial Officer Conference Call Participants Walter Piecyk - LightShed Partners Caleb Henry - Quilty Space Arun Seshadri - BNP Paribas Brandon Karsch - Kennedy Lewis Matt Lapides - Abry Partners Operator Good morning, ladies and gentlemen. Welcome to the conference call to report the Third Quarter 2023 Financial Results for Telesat.

Telesat Corporation (TSAT) Q3 2023 Earnings Call Transcript

OTTAWA, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and nine-month periods ended September 30, 2023. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted.

Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2023

OTTAWA, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Monday, November 6, 2023, at 10:30 a.m. ET to discuss its financial results for the three and nine month periods ended September 30, 2023. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat.

Telesat Third Quarter 2023 Earnings Conference Call

Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies.

Telesat buys SpaceX launches for Lightspeed internet satellites

OTTAWA and HAWTHORNE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, and SpaceX, which designs, manufactures and launches the world's most advanced rockets and spacecraft, today announced a multi-launch agreement to deliver the Telesat Lightspeed constellation to Low Earth Orbit (LEO).

Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites

Telesat's next generation LEO "Lightspeed" satellite constellation is fully funded, with no planned equity dilution and reduced costs. Management's current assessment, could lead to material upside if the LEO project can deliver by 2027. An investor day may provide further details, but for now, Telesat looks potentially attractive, even if management now needs to execute over the coming years.

Funding For Next Gen Satellites Creates Opportunity For Telesat

Telesat Corporation (NASDAQ:TSAT ) Q2 2023 Earnings Call Transcript August 11, 2023 9:30 AM ET Company Participants Michael Bolitho - Director of Treasury and Risk Management Daniel Goldberg - President and Chief Executive Officer Andrew Browne - Chief Financial Officer Conference Call Participants Michael Pace - JP Morgan Walter Piecyk - LightShed Partners Arun Seshadri - BNP Paribas Raghav Garg - DoubleLine Group Marcello Chermisqui - Ares Operator Good morning, ladies and gentlemen. Welcome to the conference call to report the Second Quarter 2023 Financial Results for Telesat.

Telesat Corporation (TSAT) Q2 2023 Earnings Call Transcript

Shares of Canadian telecommunications satellite operator Telesat (NASDAQ: TSAT ) popped sharply on Friday following a decision to swap suppliers for its Lightspeed global internet network. Given the significant cost savings implication, TSAT stock initially popped 50% higher before settling at around 41%.

Why Is Telesat (TSAT) Stock Up 50% Today?

Telesat reported a small revenue decline, and a really big profit this morning. But that wasn't the best news.

Why Telesat Stock Rocketed 50 Percent Today

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The company expects to begin launching the first Lightspeed satellites in mid-2026, with global service beginning once the first 156 satellites are in orbit.

Telesat stock surges after satellite internet company swaps suppliers to save $2 billion

$2.1B contract for 198 satellites is the largest award in MDA's history BRAMPTON, ON , Aug. 11, 2023 /PRNewswire/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has been selected as the prime contractor for Telesat's (NASDAQ: TSAT) (TSX: TSAT) revolutionary Low Earth Orbit (LEO) satellite constellation Telesat Lightspeed, an innovative global network that will bring enhanced digital connectivity to Canadians and customers worldwide.

MDA SELECTED AS PRIME SATELLITE CONTRACTOR FOR TELESAT LIGHTSPEED ADVANCED CONSTELLATION

Telesat Lightspeed is fully-funded through global service delivery, with state-of-the-art technologies that increase network efficiency at substantially reduced cost Telesat Lightspeed is fully-funded through global service delivery, with state-of-the-art technologies that increase network efficiency at substantially reduced cost

Telesat Contracts MDA as Prime Satellite Manufacturer for Its Advanced Telesat Lightspeed Low Earth Orbit Constellation

OTTAWA, Aug. 11, 2023 (GLOBE NEWSWIRE) --  Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and six-month periods ended June 30, 2023. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted.

Telesat Reports Results for the Quarter and Six Months Ended June 30, 2023

OTTAWA, Aug. 03, 2023 (GLOBE NEWSWIRE) --  Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Friday, August 11, 2023, at 9:30 a.m. ET to discuss its financial results for the three month and six month periods ended June 30, 2023. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat.

Telesat Second Quarter 2023 Earnings Conference Call

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With C-band spectrum cleared six months prior to the deadline, Telesat expects to receive the relocation payment by October, 2023 With C-band spectrum cleared six months prior to the deadline, Telesat expects to receive the relocation payment by October, 2023

FCC Issues Telesat Phase II Certification of Accelerated Relocation Order

OTTAWA, June 26, 2023 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, announced the voting results from its annual meeting of shareholders held on June 22, 2023 virtually via live audio webcast.

News for Telesat Corp Stock (TSAT)