Adam Shapiro, Chief Financial Officer (“CFO”) of NewSat, which is to date, Australia’s largest satellite communications provider, spoke to Boardroom Radio about the company’s 2012 Year End results, NewSat’s best financial result to date, as a corporate office primarily responsible for managing the financial risks of the corporation.
Shapiro discusses NewSat’s financial and operational highlights, including a 29% increase in revenue, a positive EBITDA (earnings before interest, tax, depreciation and amortization) up 111% and 306 new teleport business contracts, or agreements entered into voluntarily by NewSat and other parties with the intention of creating a legal obligation, which may have elements in writing, although contacts can be made orally. He also provided an outlook for shareholders, or individuals or institutions (including corporations) that legally owns any part of a share of stock in a public or private corporation. NewSat continues to win new business through contacts both from: teleports (telecommunications ports), a satellite ground station with multiple parabolic antennas (i.e. an antenna farm) that functions as a hub connecting a satellite or geocentric orbital network with a terrestrial telecommunications network; and Jabiru, Australia’s first independently owned satellite operator to manage a fleet of commercial Ku band and Ka band satellites ~US$380 million secured in funding and a strong sales pipeline.
See: NewSat's Satellite Internet Services
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