Telesat Corporation Price & Performance (TSAT)

Telesat has secured a significant multi-year deal with Viasat to deliver Lightspeed Low Earth Orbit (LEO) satellite services. The agreement enables Viasat to incorporate Telesat’s LEO connectivity into its aviation and maritime portfolios, strengthening Telesat’s backlog as it pursues its multi-orbit strategy amid ongoing industry competition.1234

Telesat reported a 19% revenue drop for 2024 to C$571 million and a net loss of C$302 million. The company forecasts a further 53% decrease in adjusted EBITDA for 2025, citing reduced demand in North American DTH and maritime sectors, and rising costs tied to its Lightspeed LEO program.567

Telesat shares have fallen 4.16% over the past ten days, closing at $17.30 on April 16. The stock remains volatile with heightened trading volume on declining prices. Analysts maintain a cautious outlook, noting the company’s ongoing operational and financial challenges in the highly competitive satellite sector.896