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Telesat revenues remain flat in Q1

Net income down more than 50% YoY

Madeline DurrettbyMadeline Durrett
May 12, 2023
in News, Strategy and Markets
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Satellite communications provider Telesat on Thursday reported first-quarter 2023 revenues of CA$183.4 million ($136 million), a 1.3% decrease from $137.7 million in Q1 2022. Net income was $21.2 million compared with $44.9 million in the previous year’s period, a 52.8% decline. WHY IT MATTERS: The flat revenue reported by Canada-based Telesat (NASDAQ: TSAT / TSX:TSAT) […]

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