Telesat Corp ( (TSE:TSAT) ) has provided an update.
Telesat Corporation announced its financial results for the quarter ended March 31, 2025, reporting a 23% decline in revenue compared to the same period in 2024, primarily due to a lower rate on a renewed agreement with a North American television customer and reduced services for certain customers. Despite the revenue decline, Telesat made significant progress in its Telesat Lightspeed project, signing multi-year agreements with Viasat, Orange, and ADN Telecom, and reported a substantial LEO backlog of $1.1 billion. The company also completed its first draw requests under funding agreements with the Canadian and Quebec governments, totaling $340 million, and maintained a strong GEO backlog of $1.0 billion.
Spark’s Take on TSE:TSAT Stock
According to Spark, TipRanks’ AI Analyst, TSE:TSAT is a Neutral.
Telesat Corp’s stock score reflects substantial financial challenges, including declining revenue and negative profitability margins. Technical indicators suggest weak momentum, and valuation metrics are unfavorable. Despite some positive developments in securing contracts and debt management, these are outweighed by anticipated revenue declines and significant net losses, leading to a cautious outlook.
To see Spark’s full report on TSE:TSAT stock, click here.
More about Telesat Corp
Telesat Corporation is one of the largest global satellite operators, providing critical connectivity solutions to tackle complex communication challenges. The company is known for its engineering excellence, reliability, and customer service, and it operates the Telesat Lightspeed, a state-of-the-art Low Earth Orbit (LEO) satellite network designed to meet the demands of telecom, government, maritime, and aeronautical customers.
YTD Price Performance: -4.76%
Average Trading Volume: 89,811
Technical Sentiment Signal: Sell
Current Market Cap: $235.2M
Learn more about TSAT stock on TipRanks’ Stock Analysis page.