Stratos Global reported 2004 net earnings Thurs. of $25 million, ...
Stratos Global reported 2004 net earnings Thurs. of $25 million, compared with $38 million in 2003, when results reflected peak demand related to conflict in the Middle East and an after-tax gain of $8.7 million related to the sale…
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of Stratos’ interest in Inmarsat. Revenue for 2004 was $367.8 million, down 7%, reflecting a reduction in govt. and military expenditures for mobile satellite services (MSS). Stratos said revenue in broadband business grew 6% during 2004, with VSAT revenue up 25%, officials said. Stratos expects revenue growth in 2005 to be in the low-to-mid teen range, including revenue relating to the acquisition of Plenexis Holding, which closed Jan. 31. Basic earnings are expected to remain comparable to 2004, while capital expenditures are anticipated at 6-7% of revenue, officials said.