Intelsat reported an increase in revenues for 2004 compared to 2003, but the company also reported a net loss for the year.

For 2004, the company reported revenues of $1.04 billion, up from $946.1 million reported in 2003. The revenues figure for 2004 includes a non-cash impairment charge of $84.4 million related to the IA-7 satellite anomaly, which occurred on Nov. 28, 2004. For the year, the company reported a net loss of $36.96 million, down from a net income of $181.1 million in 2003. The 2004 net loss is due to a non-cash impairment charge of $84.4 million related to the IA-7 satellite anomaly, which occurred on Nov. 28, 2004, as well as one- time and unusual charges, including charges related to the Zeus Holdings Ltd. acquisition.