Stratos Announces First-Quarter 2009 Results



    BETHESDA, MD, May 7 /CNW/ - Stratos Global Corporation, the world's
trusted leader in delivering vital voice, data and IP communication services
today announced financial results for the first quarter ended March 31, 2009.

    
                             Financial Highlights
           (in millions of U.S. dollars, except per share amounts)
    -------------------------------------------------------------------------
                                                         First quarter ended
                                                                March 31
                                                           2009         2008
    -------------------------------------------------------------------------
    Revenue                                             $ 156.6      $ 147.5
    EBITDA(*)                                           $  27.8      $  23.9
    Net earnings                                        $   4.5      $   0.7
    Basic and diluted earnings per share                $  0.11      $  0.02
    -------------------------------------------------------------------------
    (*) EBITDA (a non-GAAP measure) is defined by the Corporation as earnings
        before interest expense, income taxes, other costs (income),
        management long-term incentive expense, depreciation and
        amortization, non-controlling interest and equity in earnings of
        investee.
    

    The unaudited interim consolidated financial statements and management's
discussion and analysis of financial condition and results of operation are
available on SEDAR, www.sedar.com and the Corporation's website,
www.stratosglobal.com
    For the first quarter ended March 31, 2009, the Corporation achieved
revenue of US$156.6 million, a 6 percent increase compared with US$147.5
million in the same period in 2008. This increase resulted primarily from
increased Inmarsat leasing revenue and sales of mobile terminals and
equipment. EBITDA for the first quarter of 2009 increased by 16 percent to
US$27.8 million compared with US$23.9 million for the first quarter of 2008.
The significant improvement in EBITDA was primarily driven by the increased
revenue and cost of sales reductions resulting from increased volume
discounts.
    Net earnings for the first quarter of 2009 were US$4.5 million, or
US$0.11 per share, compared with US$0.7 million, or US$0.02 per share during
the same period in 2008.
    Cash flow from operations (including working capital changes) in the
first quarter of 2009 totaled US$21.5 million, compared with US$5.0 million
generated during the first quarter in 2008. The increase primarily reflects a
decreased investment in working capital and higher EBITDA.

    About Stratos

    Stratos is the world's trusted leader for vital communications. Stratos
offers the most powerful and extensive portfolio of remote communications
solutions including mobile and fixed satellite and microwave services. More
than 20,000 customers use Stratos products and industry-leading value added
services to optimize communication performance. Stratos serves U.S. and
international government, military, first responder, NGO, oil and gas,
industrial, maritime, aeronautical, enterprise, and media users on seven
continents and across the world's oceans. For more information visit
www.stratosglobal.com

    Caution Concerning Forward-Looking Statements

    Documents related to this release contain statements and information
about potential future circumstances and developments. Such statements and
information are qualified by the inherent risks and uncertainties surrounding
future expectations generally and may differ materially from Stratos Global
Corporation's actual future results. For additional information with respect
to these risks and uncertainties, reference should be made to the
Corporation's continuous disclosure materials filed with the Canadian
Securities Administrators. Stratos Global Corporation disclaims any intention
or obligation to update or revise any forward-looking statements or
information, whether as a result of new information, future events, or
otherwise.

    %SEDAR: 00003648E




For further information:

For further information: Investor Contact: Paula McDonald, FCA,
Executive Vice President & CFO, (709) 724-5227,
paula.mcdonald@stratosglobal.com

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STRATOS GLOBAL CORPORATION

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