Telesat Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CAD 152.18 million compared to CAD 183.42 million a year ago. Net loss was CAD 14.76 million compared to net income of CAD 8.01 million a year ago.

Basic loss per share from continuing operations was CAD 1.08 compared to basic earnings per share from continuing operations of CAD 0.61 a year ago. Diluted loss per share from continuing operations was CAD 1.08 compared to diluted earnings per share from continuing operations of CAD 0.6 a year ago.