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Telesat Reiterated FY24 Revenue Of C$545M-C$565M Vs C$562M Est

Author: Benzinga Newsdesk | August 14, 2024 07:06am

2024 Financial Outlook

(assumes an average foreign exchange rate of US$1=C$1.35)

For 2024, Telesat continues to expect full year:

Revenues to be between $545 million and $565 million;
Adjusted EBITDA1 to be between $340 million and $360 million, which reflects Telesat Lightspeed operating expenses of between $80 million and $90 million; and
Cash flows used in investing activities to be in the range of $1,000 million to $1,400 million, which is nearly all related to expected Telesat Lightspeed capital expenditures.

Posted In: TSAT