BETHESDA, MD,
Financial Highlights (in millions of U.S. dollars) ------------------------------------------------------------------------- Third quarter ended Nine months ended September 30 September 30 2009 2008 2009 2008 ------------------------------------------------------------------------- Revenue $ 160.1 $ 168.2 $ 477.5 $ 478.4 EBITDA* $ 27.0 $ 28.9 $ 76.2 $ 75.9 Net earnings $ 8.0 $ 8.4 $ 18.3 $ 14.6 ------------------------------------------------------------------------- * EBITDA (a non-GAAP measure) is defined by the Corporation as earnings before interest expense, income tax expense, other (income) costs, depreciation and amortization, non-controlling interest and equity in earnings of investees.
The unaudited interim consolidated financial statements and management's discussion and analysis of financial condition and results of operations are available on SEDAR, www.sedar.com and the Corporation's website, www.stratosglobal.com
For the third quarter and nine months ended
Net earnings for the third quarter and nine months ended
Cash flow from operations (including working capital changes) in the third quarter and nine months ended
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. Stratos is a wholly-owned indirect subsidiary of Inmarsat plc. 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, [email protected]
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