TelesatNASDAQ: TSAT

Market contrarianism tends to be one of the riskiest pathways available, yet it can also, on occasion, lead to massive gains. That might be the situation with high-risk, high-reward idea Telesat (NASDAQ: TSAT ).

OTTAWA, June 20, 2024 (GLOBE NEWSWIRE) -- Telesat Corporation (NASDAQ and TSX: TSAT) (“Telesat” or the “Company”), one of the world's largest and most innovative satellite operators, announced the voting results from its annual meeting of shareholders held yesterday virtually via live audio webcast.

MDA's stock has appreciated by over 40% since September 2022 and has further room to progress given strategic expansion and acquisitions driving revenue growth. The company serves various sectors in the space industry, with satellite services experiencing the fastest growth. Looking at profitability in the capital-intensive space industry, MDA's erratic FCF margins can be misleading and, instead, it is better to assess the progression of sales to Capex ratio.

Telesat Corporation is a global satellite operator based in Ottawa, Canada, with a focus on providing space-based internet services to government and enterprise customers. Telesat's upcoming Telesat Lightspeed broadband low Earth orbit (LEO) constellation is fully funded and expected to be operational by late 2027. The company has a solid financial position, with minimal risk of shareholder dilution and manageable debt, and is projected to generate significant cash flow once Lightspeed is fully deployed.

Telesat Corporation (NASDAQ:TSAT ) Q3 2023 Earnings Call Transcript November 6, 2023 10:30 AM ET Company Participants Michael Bolitho - Director of Treasury and Risk Management Daniel Goldberg - President and Chief Executive Officer Andrew Browne - Chief Financial Officer Conference Call Participants Walter Piecyk - LightShed Partners Caleb Henry - Quilty Space Arun Seshadri - BNP Paribas Brandon Karsch - Kennedy Lewis Matt Lapides - Abry Partners Operator Good morning, ladies and gentlemen. Welcome to the conference call to report the Third Quarter 2023 Financial Results for Telesat.

Telesat (NASDAQ: TSAT), a prominent satellite operator that offers communication solutions, and SpaceX have announced a comprehensive agreement for multiple launches aimed at placing the Telesat Lightspeed constellation into Low Earth Orbit (LEO). Telesat has partnered with SpaceX for 14 launches using the Falcon 9 rocket to deploy up to 18 Telesat Lightspeed satellites in Low Earth Orbit.

Shares of Canadian telecommunications satellite operator Telesat (NASDAQ: TSAT ) popped sharply on Friday following a decision to swap suppliers for its Lightspeed global internet network. Given the significant cost savings implication, TSAT stock initially popped 50% higher before settling at around 41%.

The company expects to begin launching the first Lightspeed satellites in mid-2026, with global service beginning once the first 156 satellites are in orbit.

Telesat reported a small revenue decline, and a really big profit this morning. But that wasn't the best news.