10:17 AM EDT, 03/27/2025 (MT Newswires) -- (Updates with CFO Andrew Browne's retirement in the sixth paragraph and the latest stock move in the last paragraph.)

Telesat ( TSAT ) reported a Q4 net loss Thursday of CA$8.97 ($6.28) per diluted share, swinging from net income of CA$0.74 per diluted share a year earlier.

Analysts estimates were not available.

Revenue for the quarter ended Dec. 31 was CA$128 million, compared with CA$165.9 million a year earlier. One analyst surveyed by FactSet expected CA$120.6 million.

The satellite operator said it expects full-year 2025 adjusted earnings before interest, taxes, depreciation and amortization of CA$170 million to CA$190 million on revenue of CA$405 million to CA$425 million.

Analysts surveyed by FactSet expect 2025 revenue of CA$445.4 million.

Telesat ( TSAT ) Chief Executive Dan Goldberg said Chief Financial Officer Andrew Browne will "retire later this year" after more than five years at the company. Telesat ( TSAT ) is starting a search for Browne's successor, Goldberg added.

The company's shares were falling 3.4% in recent trading.

Price: 19.88, Change: -0.71, Percent Change: -3.44