Reports Q4 revenue C$165.9M vs C$206,68M last year. “Telesat achieved a great deal in 2023 and I am pleased with our financial performance and, more importantly in terms of our future, the breakthrough we had in moving Telesat Lightspeed, our advanced Low Earth Orbit satellite program, forward,” commented Dan Goldberg, Telesat’s President and CEO. “Our financial results reflect our continued disciplined execution, delivering Adjusted EBITDA1 above our 2023 guidance as well as industry-leading Adjusted EBITDA margins, high capacity utilization, a substantial contractual backlog2 of $1.3 billion, and significant cash flow, ending the year with a cash balance of $1.7 billion.”
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