Telesat's earnings call presented a balanced perspective with significant strategic advancements in the LEO segment, debt management, and strategic partnerships. However, these were offset by revenue declines, increased operating expenses, and ongoing net losses.
Company Guidance
During Telesat's conference call to discuss the first quarter 2025 financial results, the company reiterated its guidance for the year. Telesat expects full-year revenues to range from $405 million to $425 million, with total adjusted EBITDA projected between CAD 170 million to CAD 190 million. The company also anticipates operating expenses for Telesat Lightspeed to be between $110 million to $120 million, up from $72 million in 2024. Capital expenditures for 2025 are projected to be between CAD 900 million to CAD 1.1 billion, primarily for Telesat Lightspeed. The guidance assumes a Canadian dollar to US dollar exchange rate of CAD 1.42. Additionally, Telesat ended the first quarter with $797 million in cash and expects to meet its cash requirements with $2.2 billion available under funding agreements with the Canadian and Quebec governments.
Progress in LEO Segment
Telesat made significant progress in its LEO segment, Telesat Lightspeed, with a nearly CAD1.1 billion backlog as of today and a new multiyear agreement with ViaSat.
Debt Repurchase and Interest Savings
Telesat achieved interest savings of approximately USD 54 million annually due to a cumulative principal amount of debt repurchases totaling USD 849 million at a cost of USD 459 million.
Strategic Agreements and Partnerships
Telesat signed a significant multiyear agreement with ViaSat and has strategic agreements with Orange, ADN, and a term sheet with Space Norway.
Cash Flow and Financing
Telesat generated cash from operations of $139 million in Q1 2025 and completed the first two draws on financing facilities with the government of Canada and Quebec, receiving CAD 340 million.
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Telesat Corp (TSAT) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSAT Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 06, 2025
$16.00
$15.98
-0.12%
Mar 27, 2025
$20.59
$20.58
-0.05%
Nov 14, 2024
$12.62
$13.21
+4.68%
Aug 14, 2024
$8.33
$8.93
+7.20%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Telesat Corporation (TSAT) report earnings?
Telesat Corporation (TSAT) is schdueled to report earning on Aug 08, 2025, TBA Not Confirmed.
What is Telesat Corporation (TSAT) earnings time?
Telesat Corporation (TSAT) earnings time is at Aug 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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