What is Loral Space & Communications Inc.'s common stock ticker symbol?
Shares of the Loral Space & Communications Inc. common stock are traded on the NASDAQ Global Market under the ticker symbol "LORL." Shares of Loral's predecessor, Loral Space & Communications Ltd., which were previously traded on the over-the-counter (OTC) market under the ticker "LRLSQ," were cancelled as of November 21, 2005 with no distribution made to holders of such stock.
Where is the common stock traded?
Shares of the Loral Space & Communications Inc. common stock are traded on the NASDAQ Global Market under the ticker symbol "LORL."
How can I find out the current price of Loral's common stock?
Go to Loral's stock information page for a delayed price quote of Loral Space & Communications Inc. common stock (NASDAQ: LORL).
Does the common stock of Loral's predecessor, Loral Space & Communications Ltd., have any value?
In accordance with Loral's Plan of Reorganization, shares of Loral Space & Communications Ltd., which were previously traded on the over-the-counter (OTC) market under the ticker "LRLSQ" (CUSIP G56462198), were cancelled as of November 21, 2005 with no distribution made to holders of such stock. Click here for more information on Loral's Plan of Reorganization.
Where can I find information on Loral's restructuring?
You can read information related to Loral's restructuring and emergence from bankruptcy by clicking here.
Who is Loral's transfer agent?
Registered shareholders of Loral Space & Communications Inc. (NASDAQ: LORL) who hold their shares in their own names (not through a brokerage) should address account questions to Loral's transfer agent:
Registrar and Transfer Company
10 Commerce Drive
Cranford, NJ 07016
(800) 368-5948 www.rtco.com
Beneficial shareholders who have their shares held by their brokers in the name of the brokerage house or 'street name' should address any administrative matters with their brokers.
Can I buy shares of Loral Space & Communications Inc. common stock directly from the company?
No, shares of Loral Space & Communications Inc. need to be traded or purchased through a licensed broker.
When does Loral Space & Communications release its quarterly reports?
As of March 2006, the SEC considers Loral Space & Communications a non-accelerated filer, which provides for earnings reports issued on a quarterly basis within the SEC-allotted guideline of 45 days from the close of the quarter or 90 days from the close of the year. A press release announcing the earnings is distributed using through a major newswire service.
What is Adjusted EBITDA and why does Loral provide Adjusted EBITDA in its quarterly reports?
The common definition of EBITDA is "Earnings Before Interest, Taxes, Depreciation and Amortization". In evaluating financial performance, we use revenues and operating income (loss) before depreciation and amortization, including amortization of stock option compensation, and reorganization expenses due to bankruptcy ("Adjusted EBITDA") as the measure of a segment's profit or loss. Adjusted EBITDA is equivalent to the common definition of EBITDA before: reorganization expenses due to bankruptcy; gain on discharge of pre-petition obligations and fresh-start adjustments; gain (loss) on investments; other income (expense); equity in net income (losses) of affiliates; and minority interest, net of tax. Interest expense has been excluded from Adjusted EBITDA to maintain comparability with the performance of competitors using similar measures with different capital structures. During the period we were in chapter 11, we only recognized interest expense on the actual interest payments we made. During this period, we did not make any further interest payments on our debt obligations after March 17, 2004, the date we repaid our secured bank debt. Reorganization expenses due to bankruptcy were only incurred during the period we were in chapter 11. These expenses have been excluded from Adjusted EBITDA to maintain comparability with our results during periods we were not in chapter 11 and with the results of competitors using similar measures. Adjusted EBITDA should be used in conjunction with U.S. GAAP financial measures and is not presented as an alternative to cash flow from operations as a measure of our liquidity or as an alternative to net income as an indicator of our operating performance.
We believe the use of Adjusted EBITDA along with U.S. GAAP financial measures enhances the understanding of our operating results and is useful to investors in comparing performance with competitors, estimating enterprise value and making investment decisions. Adjusted EBITDA allows investors to compare operating results of competitors exclusive of depreciation and amortization, net losses of affiliates and minority interest. Adjusted EBITDA is a useful tool given the significant variation that can result from the timing of capital expenditures, the amount of intangible assets recorded, the differences in assets' lives, the timing and amount of investments, and effects of investments not managed by us. Adjusted EBITDA as used here may not be comparable to similarly titled measures reported by competitors. We also use Adjusted EBITDA to evaluate operating performance of our segments, to allocate resources and capital to such segments, to measure performance for incentive compensation programs, and to evaluate future growth opportunities.
A full reconciliation of Adjusted EBITDA to net loss is included in each of the company's annual report on Form 10-K and its quarterly reports on Form 10-Q, available in the SEC Filings section of this web site.
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Loral Skynet
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