Lightspeed Backlog Surges to $1.1B; Legacy GEO Erosion Accelerating.
Revenue roll off. Q1 revenue declined 23%, y/y to $116.7M, impacted by contract reductions across DTH and enterprise segments. Despite this, management maintained full-year revenue guidance, a 27% decline at the midpoint-sugggesting steeper topline erosion in coming quarters.
Telesat (TSAT) 2025 Q1 Earnings Review & Financial Analysis
May 8, 2025
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