Globalstar Announces Third Quarter 2024 Financial Results
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
Check Earnings Report
US:NASDAQ Investor Relations:
globalstar.com/investors
Company Research
Source: Business Wire
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced its financial results for the third quarter ended September 30, 2024."Globalstar reported strong third quarter results highlighted by a 25% increase in total revenue. Net income and Adjusted EBITDA both benefited significantly from the increase in high-margin revenue with a favorable fluctuation in net income of $16 million and an increase in Adjusted EBITDA of 34%, reaching a record high during the quarter. Growth in wholesale capacity revenue continues to be the primary driver of our improved financial results with other recent business initiatives also contributing overall. As a result, we are increasing the low end of our revenue guidance to $245 million from $235 million and Adjusted EBITDA margin to 54% from 53%,” commented Rebecca Clary, Chief Financial Officer.Dr. Paul E. Jacobs, Chief Executive Officer, said, “I am pleased with our third quarter results
Show less
Read more
Impact Snapshot
Event Time:
GSAT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GSAT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GSAT alerts
High impacting Globalstar, Inc. news events
Weekly update
A roundup of the hottest topics
GSAT
News
- 3 Stocks to Watch From the Satellite and Communication Industry [Yahoo! Finance]Yahoo! Finance
- Globalstar Partner Spotter Achieves Milestone of Over 30,000 Satellite IoT Collars Deployed Across Central AsiaBusiness Wire
- Globalstar to Host Analyst & Investor Day on December 12, 2024 [Yahoo! Finance]Yahoo! Finance
- Globalstar to Host Analyst & Investor Day on December 12, 2024Business Wire
- Globalstar plans to shift listing to Nasdaq, announces reverse stock split [Yahoo! Finance]Yahoo! Finance
GSAT
Earnings
- 11/7/24 - In-Line
GSAT
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/7/24 - Form 8-K
- GSAT's page on the SEC website