Telesat Corporation ( (TSAT) ) has released its Q1 earnings. Here is a breakdown of the information Telesat Corporation presented to its investors.
Telesat Corporation is a global satellite operator based in Ottawa, Canada, specializing in providing mission-critical communications solutions through its fleet of geostationary satellites and the development of a low earth orbit satellite constellation, Telesat Lightspeed. In its latest earnings report for the first quarter of 2025, Telesat Corporation reported a decline in revenue to CAD 116.7 million from CAD 152.2 million in the same period last year, alongside a net loss of CAD 51.5 million, slightly improved from the previous year’s loss of CAD 52.3 million. The company faced increased operating expenses and interest expenses, although it managed to reduce its depreciation costs significantly. Telesat’s strategic focus remains on its Telesat Lightspeed project, which accounted for a substantial portion of its capital expenditures during the quarter. Looking ahead, Telesat Corporation continues to navigate market dynamics with a focus on developing its LEO satellite constellation, while managing financial challenges and leveraging its existing satellite infrastructure.