Telesat reports Q1 EPS (C$1.08) vs. (C$1.08) last year

Reports Q1 revenue C$117M vs. C$152M last year. “I am pleased with our performance in the first quarter of this year, including our disciplined execution in our GEO business and the excellent progress we are making on the Telesat (TSAT) Lightspeed technical and commercial fronts,” commented Dan Goldberg, Telesat’s President and CEO. “Our recently-announced contract with Viasat, along with the Orange and ADN agreements we announced earlier this year, are clear evidence of the strong market response we are seeing to the Telesat Lightspeed offering. Our LEO backlog is now nearly $1.1 billion, and we continue to believe that our year-end 2025 LEO segment backlog will exceed our year-end 2024 GEO segment backlog. In our GEO segment, through focused execution we generated a 74% Adjusted EBITDA margin1 and ended the quarter with a substantial contractual backlog of $1.0 billion. We remain confident in the 2025 guidance we released on our last earnings call.”