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Telesat Q3 revenue falls 20% to C$81M, posts C$157M net loss

1 reports1 report sources2 hours agoUpdate

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Telesat reported C$81 million in consolidated revenue for the quarter ending Sept. 30, down 20 percent year over year, and a net loss of C$157 million, according to BetaKit. The company, listed on the TSX and Nasdaq as TSAT, said in its results that "there can be no assurance that these initiatives will be completed successfully" regarding its debt repayment efforts. The quarter's core change is the continued revenue decline alongside the loss, which keeps pressure on Telesat's ability to address its debt. The company did not offer assurances that its repayment initiatives will succeed.

AI-generated from reports · 2 hours agoUpdate

Latest updatesOct 30 01:36
Telesat Posts Q3 Losses, Offers "No Assurances" on Debt Repayment

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Oct 30
  1. BetaKit
    Telesat Posts Q3 Losses, Offers "No Assurances" on Debt Repayment

    Telesat reported $81 million CAD in Q3 consolidated revenue, down 20 percent year over year.

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