Overview

• Q1 revenue increased 44% year-over-year to $1.13 billion, surpassing estimates.
• Net loss narrowed to $33 million from $77 million in the same quarter last year.
• Aviation and defense segments saw significant growth, with communication services up 48%.
• Acquisition of Inmarsat contributed to the rise in revenue and adjusted EBITDA.
• Despite fixed broadband challenges, the company raised its annual revenue forecast.