Telesat Says Remain On Track To Meet Its 2024 Guidance
Portfolio Pulse from Benzinga Newsdesk
Telesat, under the ticker TSAT, has reaffirmed its 2024 financial guidance, projecting revenues between C$545 million and C$565 million, Adjusted EBITDA between C$340 million and C$360 million, and investing cash flows usage of C$1,000 million to C$1,400 million, primarily for Telesat Lightspeed capital expenditures.
May 10, 2024 | 11:13 am
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Telesat's reaffirmation of its 2024 financial guidance indicates a strong outlook, with significant investments planned in Telesat Lightspeed. The projected revenue and Adjusted EBITDA suggest operational efficiency and growth potential.
Telesat's confirmation of its 2024 financial targets, especially the significant capital expenditure towards Telesat Lightspeed, demonstrates confidence in its future growth and operational efficiency. This positive outlook is likely to be well-received by investors, potentially leading to a short-term positive impact on TSAT's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100